Market IntelligenceEconomy

rennie intelligence insights - February 2021

 

Feb 17, 2021

Written by 

Ryan Berlin

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The rennie podcast is about everything real estate for the real estate interested. Tune in for monthly discussions making sense of the latest market data and to hear from an array of industry experts helping us answer big real estate questions about demographics, economics, urban planning, and design.   Episode #11 - rennie intelligence insights - February 2021In this episode, we join members of the rennie intelligence team, Ryan Berlin and Bowen Behan Pausey, along with rennie advisor, Brandon Blue, to review the latest residential data for the Vancouver Region and discuss three key insights gleaned in January 2021:

  • The supply of homes remains a concern for buyers: the total number of MLS listings across the Vancouver Region in January 2021 was down 12% year-over-year and 25% versus the past-decade average for the month.
  • January 2021 home sales reach another record: the more-than-4,000 sales were the most in any January in the history of the Vancouver Region.
  • Metro Vancouver’s economic recovery is outpacing that of other Canadian metros: employment in this region in January was only 3% below its pre-pandemic level--a smaller gap than in Montreal or Toronto.

Follow along as our team dives into these key insights, explores why they matter, and how they can better inform your real estate journey.

Listen to the rennie podcast here:

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Featured guests

Ryan Berlin, Senior Economist and Director of Intelligence

Bowen Behan Pausey, Business Data Analyst, Housing

Brandon Blue, rennie advisor

Additional reading

the rennie review - February 2021

the rennie advance - February 2021

The rennie podcast was created as another way of sharing our passion for homes, housing, community, and cities. We hope that this will spark the same curiosity in you that we have for everything real estate. 

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Written by

Ryan Berlin

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Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.

Disclaimer: This is not an offering for sale. Any such offering can only be made by way of disclosure statement. E&OE. The developer reserves the right to make changes and modifications to the information herein without prior notice. Photos and renderings are representational only and may not be accurate.