rennie intelligence insights - February 2021
Feb 17, 2021
Written by
Ryan BerlinSHARE THIS
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.
Written by
Ryan Berlin
Related
the kelowna rennie advance | September 2024
Sales decreased considerably in the Central Okanagan last month to mark the slowest August since 2011. Inventory declined for the second consecutive month but remained above the 3,000 mark, giving would-be buyers plenty of options heading into the fall.
Sep 2024
Report
the vancouver rennie advance | September 2024
Sales, new listings, and inventory all fell across the Vancouver Region in August as buyers and sellers took a summer hiatus. While this represented the fourth consecutive monthly drop in sales, it was the first month-to-month decline in inventory in 2024.
Sep 2024
Report