the vancouver rennie advance | December 2024
Dec 02, 2024
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Sales in the Vancouver Region were up year-over-year for the second consecutive month, a sign that buyer demand has improved this fall from earlier in the year. New listings and inventory remained elevated relative to historical averages, but declined month-over-month in line with typical seasonality.
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.
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The Greater Victoria market saw its first increase in annual sales last year since 2021, spurred by a wave of interest rate cuts in the second half of 2024. As such, sales in the second half of the year were quite a contrast to the first half.
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