the rennie advance - February 2021
Feb 02, 2021
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Ryan BerlinSHARE THIS
After a record-setting second half of 2020, January 2021 continued the trend of historically-high sales counts, constrained inventory, and accelerating price increases--especially for ground-oriented homes.The latest rennie advance provides a summary of sales, listings, and pricing trends in the Vancouver region, compiled and released by our rennie intelligence team ahead of the Real Estate Board of Greater Vancouver Stats. 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.
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The Central Okanagan started the year with significantly fewer sales than January 2025, though they were still quite a bit higher than the two Januarys before that. Meanwhile, this was the second busiest January for new listings since 2010, and active listings ended the month at their highest level for a January since 2014.
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Sales activity in Greater Victoria started the year a lot like it ended the last—down year-over-year and well below long-run monthly average levels. With inventory at its highest level for January since 2015, all home types have slipped into balanced market conditions.
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