the rennie review - May 2021

Outlier demand-side activity in the Vancouver Region’s housing market is making it challenging to separate fact from fiction. To us, it seems clear that supply remains constrained against the backdrop of another record month for sales--for now.

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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Receive insights, analysis, and perspective from our rennie intelligence team on the Lower Mainland’s real estate market.
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With the housing market momentum generated in the second half of 2020 carrying right through the winter holidays and into 2021, January set a record for MLS sales. In turn, the number of homes available for sale has dwindled.

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Fiscal supports and low-interest rates are conspiring to improve Canadians’ balance sheets.

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Here are price per square foot averages for concrete pre-sale homes, based on the date of each project's first home sale.