the rennie advance - June 2023

Prices continued to climb in May, with the Vancouver Region recording its first month of over 5,000 MLS sales since March 2022. New listings are gaining steam, it’s true, but overall supply  remains low, which continues to tilt the real estate landscape toward sellers as we head into the summer season.

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.