the rennie advance - January 2021
Jan 05, 2021
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Ryan BerlinSHARE THIS
The housing market in the Vancouver Region ended the year with a flurry of buying activity, with the December sales count surpassing the 5,000 mark for the first time ever. Conditions that continue to favour sellers are expected to stretch into 2021.The latest rennie advance provides a summary of sales, listings, and pricing trends in the Vancouver region, 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.
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Sales in the Vancouver Region in January were down marginally relative to the prior year, ending three consecutive months of large year-over-year sales gains. In contrast, new listings activity was up sharply to start the year with more new homes coming to market than any January over the prior two decades.
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