Benchmark Prices - July 2019

Jul 08, 2019

Written by

Ryan Berlin

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Here are the latest Benchmark Price Infographics for the areas of the Lower Mainland covered in the monthly rennie review.

Greater Vancouver Board Area

https://cdn.rennie.com/images/images/004/071/136/original/Pricing_Trends_REBGV_July2019.jpg

Burnaby East

Burnaby North

Burnaby South

Coquitlam

North Vancouver

Richmond

Vancouver East

Vancouver West

West Vancouver

New Westminster

https://cdn.rennie.com/images/images/004/071/147/original/Pricing_Trends_NewWest_July2019.jpg

Squamish

Tsawwassen

Port Coquitlam

Port Moody

Fraser Valley Board Area

https://cdn.rennie.com/images/images/004/071/152/original/Pricing_Trends_FVREB_July2019.jpg

Surrey

Langley

Pitt Meadows

Maple Ridge

White Rock

Abbotsford

Chilliwack and District Board Area

Note, the Chilliwack and District Board Area (CADREB) denotes the Median Sales Price rather than the Benchmark Price. The CADREB does not have a benchmark price available for record.

See Benchmark Prices Infographics for last month, June 2019 here.

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

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Benchmark Prices - July 2019

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Sales in the Central Okanagan reached their highest level in 23 months in May, though activity remained well below typical seasonal levels. A new GST rebate, signs of improving consumer confidence, and more interest rate cuts could support higher activity later this year.

Greater Victoria registered its fewest sales in May in over a decade, and inventory surpassed 3,000 homes for the first time since 2015. A new GST rebate, signs of improving consumer confidence, and more interest rate cuts could support higher activity later this year.