the rennie review - December 2021

Through the first eleven months of 2021, the Vancouver Region has surpassed its previous whole-year record for MLS sales. With inventory levels continuing to sag to new record lows, sellers’ market conditions are deepening.

The rennie review is a monthly publication, which includes the latest real estate data for the Vancouver Region'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 rate of inflation varied across Canada, with British Columbia experiencing a below-average 3.5% increase in prices.

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Year-over-year sales through June 2021 rebounded assertively after a year of sluggish growth due in large part to the pandemic.

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