Benchmark Prices - June 2019

Jun 10, 2019

Written by

Ryan Berlin

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Here are the latest Benchmark Price Infographics for the areas of the Lower Mainland covered in the monthly rennie review.

Greater Vancouver Board Area

Burnaby East

Burnaby North

Burnaby South

Coquitlam

North Vancouver

Richmond

Vancouver East

Vancouver West

West Vancouver

New Westminster

Squamish

Tsawwassen

Port Coquitlam

Port Moody

Fraser Valley Board Area

Surrey

Langley

Pitt Meadows

Maple Ridge

White Rock

Abbotsford

Chilliwack and District Board Area

Note, 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 May 2019 here.

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.

Written by

Ryan Berlin

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Benchmark Prices - June 2019

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For 40 consecutive months active listings in the Central Okanagan had been higher on a year-over-year basis. In February, that changed. Subdued new listings activity and a prolonged sales recovery could keep inventory below last year’s levels.

King County’s housing market saw increasing sales in February, beyond typical seasonality. Going forward, oil price shocks from the war in Iran present new inflation risks, which could prevent mortgage rates from falling any further.