the rennie review - February 2021

With the housing market momentum generated in the second half of 2020 carrying right through the winter holidays and into 2021, January set a record for MLS sales. In turn, the number of homes available for sale has dwindled. 

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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intelligence

The Bank of Canada has a mandate to maintain the rate of inflation at an average of 2% per year, and to keep it within a range of 1% to 3% annually. With the rate of inflation having exceeded the Bank’s target range in each month since April 2021, it has prompted the Bank to take action in the form…

Joanne Hoekstra
RENNIE ADVISOR
intelligence

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

Joanne Hoekstra
RENNIE ADVISOR
intelligence

In March, total MLS sales rose by 50% from February, which was a much larger jump than the typical 28% increase. Last month’s total of 4,022 sales, however, was 25% below the past 10-year March average. Inventory, on the other hand, only increased by 3% from the previous month and ended March 25% b…

Joanne Hoekstra
RENNIE ADVISOR