the rennie advance - December 2019

November made it five straight months of year-over-year increases in sales counts in Greater Vancouver. The increased demand for housing has pushed overall inventory to a ten-month low, with multi-family median prices increasing on a year-over-year basis for the first time since October 2018.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.