the rennie advance - September 2019

The resurgence of housing demand across the Greater Vancouver board area that first emerged in July continued into August. Increasing sales, combined with a slowdown in inventory growth, lead to increases in median prices.  

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.

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Receive insights, analysis, and perspective from our rennie intelligence team on the Lower Mainland’s real estate market.
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Household economic well-being has shifted significantly due to Covid-19, with fiscal supports and low-interest rates conspiring to improve Canadians’ balance sheets.

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A brief monthly summary of the latest regional housing sales and listing activity, produced the same morning as the data is released.

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The demand for detached homes, townhomes, and condos persisted at an elevated level in February across every area in the Vancouver Region; against the backdrop of limited listings, prices have been driven up. Expect conditions to change later this year.