the rennie advance - June 2020

Despite the continuing pandemic, there were almost 1,500 sales throughout the Greater Vancouver board area in May. This increased activity over April, combined with suppressed inventory, helped to support median prices.  

The latest rennie advance provides a summary of sales, listings, and pricing trends in the Greater Vancouver board area, 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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Receive insights, analysis, and perspective from our rennie intelligence team on the Lower Mainland’s real estate market.
intelligence

While the opportunities for downsizing abound, we expect these unsustainably-high gaps to close somewhat in 2022 as a result of natural market forces, making it a little bit easier for some households to make their next move.

Janette Fricker
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…

Janette Fricker
RENNIE ADVISOR
intelligence

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

Janette Fricker
RENNIE ADVISOR