the rennie review - May 2020

A new pace for housing supply and demand 

The voluntary shutdown of much of our economy has reduced employment across the country and slowed real estate activity in the Vancouver region. While current conditions are expected to prevail for the next few months, they are temporary.

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

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…

Joanne Hoekstra
RENNIE ADVISOR
intelligence

There were 11,362 listings in this region in February—the most since last November, a 6% increase from January, and 16% more than at this time last year; having said that, inventory remains 22% below the past-decade February average. New listings, meanwhile, apparently need a little time to wake up…

Joanne Hoekstra
RENNIE ADVISOR
intelligence

Considering the broader macroeconomic context—characterized by high inflation, high and rising interest rates, and a tight labour market—the prevailing lethargic supply and demand dynamic in the Vancouver Region in November was not unexpected. That said, sales counts are particularly low, with the …

Joanne Hoekstra
RENNIE ADVISOR