the rennie advance - April 2021

With the highest sales count on record for the Vancouver Region, demand continues to deplete new supply in the market, pushing prices upwards.

The latest rennie advance provides a summary of sales, listings, and pricing trends in the Vancouver region, compiled and released by our rennie intelligence team ahead of the Real Estate Board of Greater Vancouver Stats. 

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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intelligence

As the weather got warmer in June, home sales and prices in the Vancouver Region cooled following another (somewhat surprising) interest rate hike by the Bank of Canada. Market conditions continue to favour sellers despite total listings increasing for the fifth straight month.

Janette Fricker
RENNIE ADVISOR
intelligence

Benchmark Price Infographics for detached, townhomes, and condos in the areas of the Vancouver Region covered in the monthly rennie review.

Janette Fricker
RENNIE ADVISOR
intelligence

After months of a-seasonal trending, the housing market in the Vancouver Region changed course in June, with both sales counts and new listings declining for the first time this year.

Janette Fricker
RENNIE ADVISOR