the rennie advance - November 2018

Nov 05, 2018

Written by

Ryan Berlin

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Listings Grow as Sales Trend Low

The latest Vancouver housing market stats have just been released, and rennie intelligence has compiled a summary of sales and listings for the Greater Vancouver board area.

October inventories stay elevated compared to 2017 and sales activity remains muted as market conditions continue to normalize.

Click herefor this month’s rennie advance.

Written by

Ryan Berlin

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the rennie advance - November 2018

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In many ways, October was a pretty eventful month. First, Statistics Canada reported inflation data that, at 1.6%, solidified the end of a more than two-year quest to bring down the highest inflation in a generation.

The Central Okanagan saw its largest September-to-October sales increase in 25 years. While we expect 2025 to look a lot more average in Vancouver and Victoria, the current policy landscape will delay a more fulsome return to typical activity levels in Kelowna.