Benchmark Prices - March 2021
Mar 09, 2021
Written byRyan Berlin
Here are the latest Benchmark Price Infographics for the areas of Vancouver region covered in the monthly rennie review.Greater Vancouver Board AreaBurnaby EastBurnaby NorthBurnaby SouthCoquitlamNorth VancouverRichmondVancouver EastVancouver WestWest VancouverNew WestminsterSquamishTsawwassenPort CoquitlamPort MoodyFraser Valley Board AreaSurreyLangleyPitt MeadowsMaple RidgeWhite RockAbbotsfordChilliwack and District Board AreaNote, the Chilliwack and District Board Area (CADREB) denotes the Median Sales Price rather than the Benchmark Price. The CADREB does not have a benchmark price available for record.See Benchmark Prices Infographics for February 2021. 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.
The Vancouver Region recorded a second consecutive monthly increase in sales counts in February, with the expansion exceeding the typical seasonal surge. Market conditions tipped back in favour of sellers despite a boost in the supply of available homes.
The sales slump in the Central Okanagan’s housing market extended into January, with last month marking its eighth consecutive monthly decline in transaction counts.