Historically High Buying Activity Continues - March 2021
Mar 16, 2021
Written by
Ryan BerlinSHARE THIS
The rennie podcast is about the real estate market and the people connected by it. 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 #12: Historically High Buying Activity Continues - March 2021In this episode, we join members of the rennie intelligence team, Ryan Berlin and Bowen Behan Pausey, along with rennie advisor, Lorenzo Daminato, to review the latest residential data for the Vancouver Region and discuss three key insights gleaned in February 2021:
- Historically-high demand in February was a feature of all home-type segments and all areas within the Vancouver region
- Home price growth has accelerated due to inadequate supply being available to would-be buyers.
- Market activity is likely to normalize later this year.
Written by
Ryan Berlin
Related
the seattle rennie advance | September 2024
King County’s housing market saw declining activity across the board in August, with sales, new listings, and inventory all declining from July. What’s more (or perhaps less), the monthly total for each category was also below-average.
Sep 2024
Report
there’s a concrete anchor holding back vancouver’s pre-sale market
Activity in Metro Vancouver's pre-sale market has been lackluster through the first half of 2024, and fewer concrete sales are much to blame. Sustained high-interest rates and a series of new government policies have cut investor pre-sales in half, and regulations on how projects can be marketed in BC have made it more challenging for developers to deliver much-needed housing.
Aug 2024
Article
10 min read