Market IntelligencePre sale resale

the rennie review | October 2023

 

Oct 12, 2023

Written by 

Ryan Berlin

SHARE THIS

High interest rates continue to weigh on the Vancouver Region’s housing market, with buyers pulling back at a time when more sellers are coming to market. These conditions have yielded declining home values and pushed inventory to its highest level in three years.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.

Written by

Ryan Berlin

Subscribe to weekly market insights

Receive insights, analysis, and perspective from our rennie intelligence team on the Lower Mainland’s real estate market.

Related

blog-feature-media-cm83jsj1k09ts07sndobsju8d
benchmark prices | March 2025
Benchmark price infographics for detached homes, townhomes, and condos are available for sub-markets in the Vancouver Region, Greater Victoria, and Central Okanagan regions.

Today

Report

blog-feature-media-cm7v3evz23ktv07ubthh8f1l4
the kelowna rennie advance | March 2025
Though February sales in the Central Okanagan were up on a year-over-year basis for the fifth consecutive month, the pace of increase was lower than in previous months. Additionally, sales were well below their long-run monthly average after nearing average in January. Meanwhile, new listings activity remained elevated.

Mar 2025

Report

  • Find a Home

rennie & associates realty ltd

copyright © 2025 rennie all rights reserved

By using this website, you agree to our Privacy Policy and Terms of Use.

do not share or sell my personal information

California DRE #02248150

MLS® Reciprocity

Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.

Disclaimer: This is not an offering for sale. Any such offering can only be made by way of disclosure statement. E&OE. The developer reserves the right to make changes and modifications to the information herein without prior notice. Photos and renderings are representational only and may not be accurate.