MLS sales in the Vancouver Region reached a new high-watermark for the year in May—which is often when sales peak—but in the context of the past two decades, they were historically low. All told, sales through the first five months of the year were the lowest of any January-to-May period going back to 2005. Despite this softness, overall market conditions have been stable given that there are fewer active listings on the market now than at the same time last year.
The kelowna rennie review is a monthly publication that includes our take on the latest MLS data for Kelowna. In addition to presenting neighbourhood-level stats, it includes information on current rennie projects, a selection of featured listings, and insightful commentary on how and why the market is changing.
Our rennie intelligence team comprises our chief economist, senior demographer, market analysts, and business intelligence analysts. Together, they empower individuals, organizations, and institutions with data-driven market insights and analyses. Experts in real estate dynamics, urban land economics, the macroeconomy, shifting demographics, and data science, their industry-leading data acquisition, analytical systems, and strategic research support a comprehensive advisory service and forms the basis of frequent reports and public presentations, covering the Vancouver, Victoria, Kelowna, Seattle, Coachella Valley, and San Diego markets. Their thoughtful and objective approach embodies the core values of rennie.
