the rennie review - July 2020
Buyers come out in droves in June

After bottoming out in April, housing demand gained momentum in May and then surged in June, with this past month registering the most sales of any month since October 2019. The market favours sellers, as supply remains constrained.

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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A summary of the latest policy changes, financial market interventions, and other actions introduced to mitigate the effects of COVID-19.

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A brief monthly summary of the latest regional housing sales and listing activity, produced the same morning as the data is released.

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Effective 6 April 2020, the federal government is changing the stress test for insured mortgages.