the rennie review - August 2019

July’s demand bump supported by strong economic news

It may be only one month of data, but the July increase in residential MLS sales in the Vancouver region serves notice that the contractionary phase of the market cycle may be ending, with an expansion--when it comes--being guided by local economic conditions. 

The rennie review is a monthly publication, which includes the latest real estate data for Vancouver and the Lower Mainland’s housing market. In addition to presenting detailed neighbourhood-level stats, the rennie review also includes current rennie projects, featured listings, client testimonials, our take on the latest market conditions, and more.

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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The addition of new housing along Metro Vancouver’s public transit network, and specifically along the SkyTrain rapid transit network, will be important in accommodating more than one million new residents over the coming three decades.

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

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Participation in the region’s housing market waned in June, as both sales and inventory dipped, thanks in part to summer weather and the vaccine.