the rennie review - July 2020
Buyers come out in droves in June

After bottoming out in April, housing demand gained momentum in May and then surged in June, with this past month registering the most sales of any month since October 2019. The market favours sellers, as supply remains constrained.

The rennie review is a monthly publication, which includes the latest real estate data for Vancouver and the Lower Mainland’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

Both our housing market and our labour market are showing signs of being impacted by the virtually unprecedented upward march of interest rates that began at the beginning of 2022. These changes will bring some challenges, but they may also usher in a period of moderating borrowing costs.

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

The typical October spike in sales was absent from the Vancouver Region’s housing market as high interest rates continued to weigh on demand. Instead, it was the supply side of the ledger that saw an increase last month—another seasonal anomaly.

Joanne Hoekstra
RENNIE ADVISOR