Market IntelligenceEconomy
rennie Review - January 2018
 

Jan 12, 2018

Written by 

Ryan Berlin

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Each month, rennie Intelligence produces the rennie Review, which includes the latest real estate data for Vancouver and the Lower Mainland's housing market. In addition to presenting detailed neighborhood-level stats, the rennie Review also includes current rennie Marketing Systems projects, featured listings, client testimonials, our take on the latest market conditions, and more.

After starting the year somewhat subdued, market activity picked up through the latter half of 2017, with continued in-migration and a strong local (and provincial) economy yielding above-average levels of demand for housing. Unfortunately for buyers, resale inventory didn't keep up with demand, falling to historic lows within the region's multi-family segment, and driving prices up throughout Greater Vancouver. However, while benchmark prices increased for all types of homes in 2017, overall market activity may be somewhat slower coming out of the gate in 2018 in response to the recently-implemented mortgage stress test for uninsured borrowers.

For your reading pleasure, please click here for the January 2018 edition of the rennie Review.

Written by

Ryan Berlin

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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.