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.

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

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

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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.