Market IntelligenceEconomy

the rennie advance - June 2023

 

Jun 01, 2023

Written by 

Ryan Berlin

SHARE THIS

Prices continued to climb in May, with the Vancouver Region recording its first month of over 5,000 MLS sales since March 2022. New listings are gaining steam, it’s true, but overall supply  remains low, which continues to tilt the real estate landscape toward sellers as we head into the summer season.

The rennie advance is a monthly publication which includes a brief summary of the latest regional housing sales and listing activity, produced the same morning as the data is released.

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

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-cm88accw1aloo07u4gcklkpsj
real (estate) talk | March 2025
The threat of US-imposed tariffs on Canadian exports have hung overhead for months, but on March 4th, the nation woke up to find that those threats had become reality.

Mar 2025

Report

blog-feature-media-cm7zdfzj7507307spuz664ccp
the victoria rennie review | March 2025
Tariff-related uncertainty significantly restrained housing market activity across the country in February. While activity in Greater Victoria proved more resilient, there were signs that sentiment has taken a hit here, too.

Mar 2025

Report

  • Find a Home

rennie & associates realty ltd

copyright © 2025 rennie all rights reserved

By using this website, you agree to our Privacy Policy and Terms of Use.

do not share or sell my personal information

California DRE #02248150

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.