the rennie advance | July 2023

As the weather got warmer in June, home sales and prices in the Vancouver Region cooled following another (somewhat surprising) interest rate hike by the Bank of Canada. Market conditions continue to favour sellers despite total listings increasing for the fifth straight month.The rennie advance is a monthly publication which includes a brief summary of the latest regional housing sales and listing activity, produced the same morning as the data is released.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.