the rennie advance - November 2020

The sales surge that began in July 2020 after suppressed activity in Q2 continued into October, with the Vancouver Region tallying more sales last month than in any October since at least 1980.

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

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…

Sarah Panther
RENNIE ADVISOR
intelligence

Benchmark Price Infographics for detached, townhomes, and condos in the areas of the Vancouver Region covered in the monthly rennie review.

Sarah Panther
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…

Sarah Panther
RENNIE ADVISOR