the vancouver rennie advance | August 2024

Sales activity held its ground in the Vancouver Region in July with a smaller month-over-month decline than is typical for this time of year. That said, sales were still a fifth lower than their long-run average. New listings activity was down in July, but remained at historically elevated levels, and inventory was at its highest level since the summer of 2019.

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 senior economist, market analysts, and business intelligence analysts. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. Experts in real estate dynamics, urban land economics, the macroeconomy, shifting demographics, and data science, their industry-leading data acquisition, analytical systems, and strategic research supports a comprehensive advisory service and forms the basis of frequent reports and public presentations, covering the Vancouver, Kelowna, Victoria, and Seattle marketplaces. Their thoughtful and objective approach embodies the core values of rennie.