The rennie Review: October 2018

Each month, rennie's Market Intelligence team analyzes and interprets the market data to give you an in-depth look behind the numbers.  

"Given the levels from which the market has declined, these trends reflect more of a normalization of conditions than anything else. The key difference between these recent trends and previous periods of market softening is that, in this case, there has been no specific economic trigger to the slowdown. BC’s economy continues to outpace most other  Provinces’ in Canada, and Greater Vancouver’s latest unemployment rate of 4.5% is the lowest among all major metro areas in the country. Instead, it has been the unprecedented policy interventions at the national level down to the municipal level that are having an effect. In light of this, our outlook for the market is one of continued normalization for the remainder of 2018, with growing inventories and choice resulting in more competition among sellers than has been seen in recent years."

Read the full market update here and get up to date information on rennie's current pre-sale opportunities.


Joanne Hoekstra is a Real Estate Advisor with rennie & Associates Realty and currently part of the Tsawwassen Shores sales team. Joanne is experienced in helping buyers find their perfect community and also works with investors building their real estate portfolio. In working with Sellers, Joanne ensures the best customer service from listing through to completion of the sale. She is always on the look out for great investment opportunities. Joanne can be reached at 604-722-6645 or jhoekstra@rennie.com or follow Joanne on Facebook at www.facebook.com/jhoekstra.rennie.

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Receive insights, analysis, and perspective from our rennie intelligence team on the Lower Mainland’s real estate market.
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Benchmark Price Infographics for detached, townhomes, and condos in the areas of Vancouver region covered in the monthly rennie review.

Joanne Hoekstra
RENNIE ADVISOR
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In-depth semi-annual analysis on a range of real estate, economic, land use, and planning policy forces that shape our communities.

Joanne Hoekstra
RENNIE ADVISOR
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A brief monthly summary of the latest regional housing sales and listing activity, produced the same morning as the data is released.

Joanne Hoekstra
RENNIE ADVISOR