the rennie advance - October 2019

Greater Vancouver's housing market continued to strengthen in September. Year-over-year sales rose by 46%, which was the largest increase since March 2015; meanwhile, year-over-year inventory declined by 4%, which was the first contraction since March 2018. As a reflection of these changing dynamics, median prices have shown signs of stabilizing in 2019.  

The latest rennie advance provides 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.
intelligence

Housing inventory is close to a 35-year low in the Vancouver Region, thus limiting options for potential buyers.

intelligence

Despite recent evidence of a re-balancing of the region’s housing market, homes are selling at a near-record pace as supply remains lacking.

intelligence

Benchmark Price Infographics for detached, townhomes, and condos in the areas of Vancouver region covered in the monthly rennie review.