the rennie advance - August 2020

The Vancouver Region eclipsed 5,000 sales in July, the first time this has occurred in 37 months (June 2017). With listings still trending below last year's levels, median prices have continued to rise for all home types.

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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intelligence

Now that almost half of 2023 is behind us, we thought we’d reflect on where things stand today, and where we might go from here as we steam towards 2024. 

Randy Rinaldo
Personal Real Estate Corporation
intelligence

Higher interest rates, combined with concerns the hiking hasn’t yet been halted, continue to impact the Vancouver Region’s housing market, with home sales falling for a third consecutive month in August and inventory shrinking for the first time in six months.

Randy Rinaldo
Personal Real Estate Corporation
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…

Randy Rinaldo
Personal Real Estate Corporation