the rennie review - July 2019

Housing demand showing signs of life.

Despite a slowdown from May’s sales pace, the data for June indicate that housing demand may be making a slow but steady comeback throughout the Vancouver region. This slow comeback is in the face of inventory levels that have just climbed back to historical averages. 

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.


Every three months, rennie intelligence provides a Concrete Pre-Sale Pricing Snapshot based on PPSF averages.


Buyers largely remained on the sidelines, with March 2019 sales at their lowest level for the month in over three decades.


Buoyed by new and re-emerging buyers, sales in the Vancouver region rose in May, passing the 4,000-mark for the first time in a year.