the rennie advance - May 2021

Huge year-over-year changes in sales counts in April were a product of elevated demand levels in the current market combined with suppressed sales activity from one year ago. Prices have responded as might be expected, rising by up to 26%.

The latest rennie advance provides a summary of sales, listings, and pricing trends in the Vancouver region, 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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Receive insights, analysis, and perspective from our rennie intelligence team on the Lower Mainland’s real estate market.
intelligence

British Columbia needs to almost triple its annual average number of housing starts from the past five years in order to fully meet the housing needs of new and existing residents by 2030.The Canada Mortgage & Housing Corporation (CMHC), a federal crown corporation and Canada’s national housing…

Randy Rinaldo
Personal Real Estate Corporation
intelligence

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

Randy Rinaldo
Personal Real Estate Corporation
intelligence

Swelling supply and declining demand have conspired to create more moderate conditions in the housing market of the Vancouver Region—so much so, in fact, that for the first time in two years the detached home segment shifted into balanced territory.The rennie review is a monthly publication, which …

Randy Rinaldo
Personal Real Estate Corporation