the rennie review | July 2023
Jul 13, 2023
Written by
Ryan BerlinSHARE THIS
After months of a-seasonal trending, the housing market in the Vancouver Region changed course in June, with both sales counts and new listings declining for the first time this year.The rennie review is a monthly publication which includes the latest real estate data for the Vancouver Region's housing market. In addition to presenting detailed neighbourhood-level stats, the rennie review also includes current rennie projects, featured listings, client testimonials, our take on the latest market conditions, and more.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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This past June brought some of the lowest sales, and highest inventory, counts of any June in over a decade. Despite this, overall median sales prices reached a new high.
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Through the first half of 2025, sales in the Vancouver Region were almost one-third below their long-run average, marking the third-slowest first half to a year in over two decades. Meanwhile, it was the second-busiest first half for new listings, which has buoyed inventory to its highest level since the summer of 2012.
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