the rennie advance - August 2019

While one data point does not make a trend, after 17 months of a negative sales gap, the Greater Vancouver market may have turned a corner. When compared to July of last year, overall sales were up 23%. This was the largest year-over-year increase overall seen since November 2017.

With August traditionally being a slow month in the real estate world, we will be watching how this picture evolves through August and early September.

The latest rennie advance offers a summary of sales and listings trends in the Greater Vancouver board area, compiled and released by our rennie intelligence team ahead of the Real Estate Board of Greater Vancouver Stats. 

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.

Get the data.

Receive insights, analysis, and perspective from our rennie intelligence team on the Lower Mainland’s real estate market.
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Here are price per square foot averages for woodframe pre-sale homes, based on the date of each project's first home sale.

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Here are the number of actively-selling, sold-out, and contemplated woodframe pre-sale homes by sub-market and estimated year of completion.

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Canada's self-imposed economic shutdown in response to the spread of COVID-19 has resulted in a shock to the economy and labour market.