Market IntelligencePre sale resale

the vancouver rennie review | June 2024

 

Jun 11, 2024

SHARE THIS

Sales activity in the Vancouver Region slumped in May, marking an early end to the spring housing market. However, the first cut from the Bank of Canada is a signal that more favourable mortgage rates are on the horizon—and when they arrive, there will be plenty of inventory to absorb demand. 

The rennie review is a monthly publication that includes our take on the latest MLS data for the Vancouver Region. In addition to presenting neighbourhood-level stats, it includes information on current rennie projects, a selection of featured listings, and insightful commentary on how and why the market is changing.

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.

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-cm3j4qy3w1pfp07u0x8ycqdln
real (estate) talk | November 2024
In many ways, October was a pretty eventful month. First, Statistics Canada reported inflation data that, at 1.6%, solidified the end of a more than two-year quest to bring down the highest inflation in a generation.

Nov 2024

Report

blog-feature-media-cm3gd1wp21mll07u7vd0l85fo
the kelowna rennie review | November 2024
The Central Okanagan saw its largest September-to-October sales increase in 25 years. While we expect 2025 to look a lot more average in Vancouver and Victoria, the current policy landscape will delay a more fulsome return to typical activity levels in Kelowna.

Nov 2024

Report

  • Find a Home

rennie & associates realty ltd

copyright © 2024 rennie all rights reserved

privacy policy

terms

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.