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

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While total listings in the Vancouver Region rose for the first time in seven months in January, they still represented the second-lowest monthly total ever recorded.

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The Vancouver Region has broken its previous full-year record for MLS sales in just 11 months—despite inventory sagging to a new record low.