the rennie review - September 2021

To-date, our housing market has not followed expected seasonal trends in 2021, and August was no exception. Last month was characterized by further declines in supply combined with elevated demand levels, strengthening the vice on an already tight market.

The rennie review is a monthly publication, which includes the latest real estate data for the Vancouver Region's housing market. In addition to presenting detailed neighbourhood-level stats, the rennie review also includes current rennie projects, featured listings, client testimonials, our take on the latest market conditions, and more.

Our rennie intelligence team comprises our in-house demographer, senior economist, and market analysts. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. Experts in urban land economics, community planning, shifting demographics, and real estate trends, their strategic research supports a comprehensive advisory service offering and forms the basis of frequent reports and public presentations. Their thoughtful and objective approach truly embodies the core values of rennie.

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Receive insights, analysis, and perspective from our rennie intelligence team on the Lower Mainland’s real estate market.
intelligence

Sales activity in the Vancouver Region continued to slow for the fourth-consecutive month in July, while inventory declined for the first time in 6 months. This series of events has created balanced conditions in the overall market, and conditions favouring buyers’ in the region’s detached home mar…

Jake Kim
RENNIE ADVISOR
intelligence

June was characterized by below-average sales activity and a continued expansion of inventory, which in turn yielded marginal price declines both north and south of the Fraser River.SalesMLS sales in the Vancouver region slowed to 3,683 in June, which was down by 13% from May, again exceeding the t…

Jake Kim
RENNIE ADVISOR
intelligence

Here are the latest Benchmark Price Infographics for the areas of the Vancouver Region.Greater Vancouver Board AreaBurnaby EastBurnaby NorthBurnaby SouthCoquitlamNorth VancouverRichmondVancouver EastVancouver WestWest VancouverNew WestminsterSquamishTsawwassenPort CoquitlamPort MoodyFraser Valley B…

Jake Kim
RENNIE ADVISOR