the rennie review - March 2022

the rennie review DATA-DRIVEN INSIGHTS INTO SALES, LISTINGS, & PRICING TRENDS FOR 13 SUB-MARKETS IN THE VANCOUVER REGION

published March 2022

table of contents

02 INTRO

Each month, we release the rennie review, a detailed look at the real estate marketplace in the Vancouver Region. This report examines the market stats by sub-market, provides updates on current rennie projects, and more.

03 WHAT YOU NEED TO KNOW

04 FEATURED LISTINGS

NEIGHBOURHOOD PROFILES

05 08 11 14 17 20 23 26 29 32 35 38 41 44 45 48

Vancouver Region

Greater Vancouver Board Area Fraser Valley Board Area

Burnaby North Burnaby South

Ryan Berlin DIRECTOR OF INTELLIGENCE & SENIOR ECONOMIST rberlin@rennie.com

Ryan Wyse SENIOR ANALYST rwyse@rennie.com

Coquitlam

Langley

New Westminster North Vancouver

Richmond Squamish

Surrey

Vancouver East

Vancouver Downtown

Vancouver West West Vancouver

50 AREA MAPS

53 CURRENT PROJECTS

Copyright © 2022 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of March 7, 2022. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 2

everything in the Vancouver Region’s resale market is increasing Sales, inventory, and prices in the Vancouver Region all increased in February. These increases are beyond what’s typical for the month, as activity in the local housing market picks up heading into spring.

board area, including houses that need significant investment to be considered habitable and those that are more suitable for redevelopment. With a large proportion of an already- limited pool of listings having been on the market for more than 2 months—leaving buyers to compete for what’s left—it should hardly surprise that prices continue to rise. On this front, benchmark prices in both the Greater Vancouver and Fraser Valley board areas were up by more than 4% in the last month alone (equivalent to a compound rate of 60% annually—a wholly unsustainable rate of change). The benchmark price of a detached home in the Greater Vancouver area (where 1 in 3 listings is more than 60 days old) is now more than $2 million, while townhomes are over $1 million. Based on recent trends and the fact that March is typically one of the busiest months of the year for both new listings and sales, we should operate under the assumption that Phil has seen his shadow and these patterns of increased activity will continue in the near-term.

The typical seasonal pattern of change in the Vancouver Region’s housing market in February is one of increasing activity. But even with buyers and sellers, much like Punxsutawney Phil, tending to emerge from their winter slumber around this time of year, February’s MLS activity was amplified beyond what’s typical. For starters, sales in February surpassed the 5,000 threshold for the first time since last November. And while the 5,199 sales last month were less than the torrid pace of February 2021 (by 19%), they were still 29% higher than the past 10-year average for February. In fact, sales were elevated for all home types compared with the long-run February average, led by condo sales that were 58% higher (notably, they were also just 2% below February 2021’s count). Meanwhile, the narrative around inventory in the Vancouver Region is similar to the

plot of the movie Groundhog Day, with February’s total listing count once again registering at a historically-low level. Specifically, the total number of homes for sale at the end of February, while up from January, was just 9,805—17% below last February’s count, 37% below the long-run average, and the lowest February level ever recorded in the Vancouver Region (going back to 1989). Despite this ongoing troubling trend, the most recent month- over-month expansion in inventory, at 33%, far exceeded the typical January-to-February increase of 7%. This is good news insofar as market balance is concerned. The additional importance of this second straight month of expanding inventory is underscored by the fact that 19% of all listings in the Vancouver Region have been on the market for more than 60 days. About half of these listings are specifically detached homes in the Greater Vancouver

Copyright © 2022 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of March 7, 2022. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 3

featured listings SEARCH FOR THE HOME YOU LOVE AT RENNIE.COM

House

The Seastrand

House

$6,998,888 | COQUITLAM

$2,450,000 | WEST VAN 601 & 602 - 150 24th Street 2 Bed, 1,300 SF

$1,899,000 | NORTH VAN

1391 Kingston Street 3 Bed, 2,595 SF Sherry Zamrou PREC* 604.780.0309

825 E. 7th Street 5 Bed, 2,006 SF Derek Kai PREC* 604.868.1666

Jason Soprovich 604.817.8812

Shift

House

House

$1,829,900 | MAIN

$1,799,000 | SQUAMISH

$1,699,000 | SOUTH VAN

PH4 - 5089 Quebec Street 2 Bed, 1,330 SF Christopher Boyd PREC* 604.351.0533

1812 Willow Crescent 4 Bed, 2,910 SF

43 E. 61st Avenue 5 Bed, 2,298 SF Phil Chang PREC* 604.754.6678

Jeevan Gill 604.617.2159

Addition

House

Modello

$1,599,000 | DOWNTOWN

$1,599,000 | SURREY

$1,399,000 | BURNABY SOUTH 1006 - 4360 Beresford Street 3 Bed, 1,298 SF

1135 Hornby Street 3 Bed, 1,323 SF

15429 84 Avenue 3 Bed, 1,175 SF Anisha Walia 778.986.1621

Diana Kim 604.771.5656

Tony Liang PREC* 604.781.9988

Cedar Walk

Condo

Larch Avenue Estates $1,198,800 | MAPLE RIDGE

$1,358,880 | UNIVERSITY 1703 - 5410 Shortcut Road 2 Bed, 830 SF

$1,299,900 | SOUTH GRANVILLE

316 - 7128 Adera Street 2 Bed, 880 SF

23589 Larch Avenue 3 Bed, 2,570 SF Danny Chow PREC* 604.765.2469

Jane Chu PREC* 778.886.3303

Hanson Lu PREC* 604.787.2578

Polaris

567 Clarke & Como $978,000 | COQUITLAM

Fraser Commons $959,900 | SOUTH VAN 603 - 8188 Fraser Street 3 Bed, 992 SF Lorenzo Daminato PREC* 604.657.8121

$1,021,900 | BURNABY SOUTH 2507 - 6699 Dunblane Avenue 2 Bed, 774 SF

2604 - 567 Clarke Road 2 Bed, 951 SF

Amy Chan 604.992.2101

Eric Zamora PREC* 778.389.4556

Tandem $795,000 | BURNABY SOUTH 1108 - 4118 Dawson Street 2 Bed, 876 SF

Condo

The Maddox

$869,000 | PORT MOODY 112 - 100 Capilano Road 2 Bed, 1,060 SFF

$849,900 | DOWNTOWN 2501 - 1351 Continental Street 1 Bed, 581 SF

Julian Proctor 604.220.6924

Brandon Blue PREC* 604.999.7792

Disa Lim 604.880.8604

Copyright © 2022 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of March 7, 2022. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.

4

vancouverregion DETACHED-FEBRUARY 202

SALESTO LISTINGSRATIO 39% SELLERS'MARKET

▶ MARKETSUMMARY Therewere4,585detachedlistingsintheVancouver RegioninFebruary,38%aboveJanuaryand1.8%higher thanFebruary2021. Februarydetachedhomesalesincreasedby53% month-over-month,to1,766,andwere27%below February2021. Thesales-to-listingratiofordetachedintheVancouver Region,at39%,reflectedaselers'market. ThedetachedmedianpriceinFebruarywas$1,886,400, a2.0%increasefromJanuaryand34%aboveFebruary 2021. Theaveragesoldpricewas$2,138,330,0.6%abovelast monthandup30%toFebruary2021.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 30% VS2021

▲ 34% VS2021

▲ 1.8% VS2021

▼ 27% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

1,766 4,585

2,417 4,502

30% 34% -28% -27% 1.8%

1,154 3,318

0.6% 2% 11% 53% 38%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$2,138,330 $1,886,400 39%

$2,124,971 $1,850,000 35%

$1,651,036 $1,407,523 54%

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIANPRICE

7,567

7,107

7,331

5,965

1.95

5,397

6,236

1.87

1.84

5,531

4,585

4,181

4,694

4,502

3,503

1.50

1.51

2,749

3,318

1.35

3,120

3,039

1,879

1,795

2,417

2,227

1,766

1,899

1,790

1,697

1,492

1,154

$1.89M

$1.85M

$1.69M

$1.69M

$1.60M

$1.54M

$1.50M

$1.48M $1.41M

$1.48M

$1.46M

$1.45M

$1.45M

Feb-21

Jan-22

Feb-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

1600

1400

1200

75%

1000

65%

800

53%

45%

40%

600

32%

31%

29%

400

15%

200

0

<$600K

$600-799K

$800-999K

$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M

$2.0M-2.49M

$2.5M-2.99M

$3M+ 1,519 228 15%

S-LRATIO SALES INVENTORY

80 25 31%

20 15 75%

66 19 29%

137 62 45%

457 182 40%

1,090 705 65%

651 347 53%

565 183 32%

Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

5

vancouverregion TOWNHOME-FEBRUARY 202

SALESTO LISTINGSRATIO 75% SELLERS'MARKET

▶ MARKETSUMMARY Therewere1,229townhomelistingsintheVancouver RegioninFebruary,60%aboveJanuaryand14%lower thanFebruary2021. Februarytownhomesalesincreasedby59% month-over-month,to917,andwere34%below February2021. Thesales-to-listingratiofortownhomesintheVancouver Region,at75%,reflectedaselers'market. ThetownhomemedianpriceinFebruarywas $1,025,000,a4%increasefromJanuaryand42%above February2021. Theaveragesoldpricewas$1,094,315,6%abovelast month;theaveragePSFsalepricewas$741,up6%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 42% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 38% VS2021

▲ 42% VS2021

▼ 14% VS2021

▼ 34% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 75% 575 766

%Change

TOTALLISTINGS TOTALSALES

75% 917 1,229

1,390 1,430

42% 38% 42% -23% -34% -14%

59% 60%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$524 $793,454 $720,000 97%

6% 6% 4% -0.6%

$741 $1,094,315 $1,025,000

$696 $1,034,647 $990,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● FEB 2021 ● FEB 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

1,960

1,969

1,670

1,674

1,663

1,910

1,591

1,400

1,430

1,306

1,229

1,193

1,390

1,377

1,076

973

942

917

782

1,013

766

1,002

987

925

587

575

$1.02M

$990K

$900K

$880K

$845K

$834K

$790K

$780K

$781K

$785K

$781K

$775K

$720K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

169

100%+

400

4+bdrms

274

86%

83%

300

67%

499

62%

62%

3bdrms

650

200

42%

41%

235

100

2bdrms

286

0

<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+

19 14

S-LRATIO SALES INVENTORY

12 10 83%

42 26 62%

215 88 41%

450 303 67%

191 270 141%

148 127 86%

106 66 62%

65 27 42%

<2bdrms

Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 6 ●

vancouverregion CONDO-FEBRUARY 202

SALESTO LISTINGSRATIO 66% SELLERS'MARKET

▶ MARKETSUMMARY Therewere3,620condolistingsintheVancouverRegion inFebruary,22%aboveJanuaryand33%lowerthan February2021. Februarycondosalesincreasedby38% month-over-month,to2,385,andwere2%below February2021. Thesales-to-listingratioforcondosintheVancouver Region,at66%,reflectedaselers'market. ThecondomedianpriceinFebruarywas$695,000,a3% increasefromJanuaryand26%aboveFebruary2021. Theaveragesoldpricewas$795,297,6%abovelast month;theaveragePSFsalepricewas$915,up5%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 23% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 27% VS2021

▲ 26% VS2021

▼ 33% VS2021

▼ 2% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

2,385 3,620

2,435 5,402

23% 27% 26% 46% -2% -33%

1,734 2,966

13% 38% 22%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$915 $795,297 $695,000 66%

$746 $625,591 $550,000 45%

$875 $751,147 $671,650 58%

5% 6% 3%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● FEB 2021 ● FEB 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

5,628

5,302

5,830 6,051 6,001

5,402

5,355

5,103

4,072

4,617

3,507

3,620

2,829

2,441

2,363

2,980

2,230

2,966

2,769

2,385

2,435

2,401

2,234

2,192

2,007

1,734

$695K

$672K

$628K

$620K

$608K

$598K

$585K

$588K

$590K

$583K

$574K

$575K

$550K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

1000

39 4

100%+

800

4+bdrms

76%

600

71%

157

3bdrms

56%

440

400

46%

31%

1,319

200

21% 18%

2bdrms

2,009

0

<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+

905

S-LRATIO SALES INVENTORY

177 82 46%

887 627 71%

885 909 103%

518 395 76%

331 185 56%

249 77 31%

262 55 21%

311 55 18%

<2bdrms

1,132

Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 7 ●

greatervancouverboardarea DETACHED-FEBRUARY 202

SALESTO LISTINGSRATIO 36% SELLERS'MARKET

▶ MARKETSUMMARY Therewere2,797detachedlistingsintheGreater VancouverboardareainFebruary,24%aboveJanuary and4%lowerthanFebruary2021. Februarydetachedhomesalesincreasedby62% month-over-month,to1,013,andwere17%below February2021. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at36%,reflectedaselers'market. ThedetachedmedianpriceinFebruarywas$2,015,000, a1.2%increasefromJanuaryand26%aboveFebruary 2021. Theaveragesoldpricewas$2,287,132,0.9%belowlast monthandup23%toFebruary2021.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 23% VS2021

▲ 26% VS2021

▼ 4% VS2021

▼ 17% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

1,013 2,797

1,222 2,905

23% 26% -14% -17% -4%

28% 626 2,264

31% 62% 24%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$2,287,132 $2,015,000 36%

$1,858,252 $1,600,000 42%

$2,308,713 $1,990,400

-0.9% 1.2%

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIANPRICE

4,523

4,739

4,387

3,661

3,656

1.82

4,051

1.81

1.79

3,688

2,875

3,180

1.55

2,797

1.54

2,905

1.49

1,960

1,652

2,21 2,264

1,264

1,092

985

1,422

1,013

1,222

1,044

936

950

793

626

$2.02M

$1.99M

$1.85M

$1.85M

$1.76M

$1.70M

$1.65M $1.60M

$1.65M

$1.67M

$1.63M

$1.63M

$1.61M

Feb-21

Jan-22

Feb-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

1200

1000

77%

800

66%

59%

55%

52%

600

40%

400

31%

30%

15%

200

0

<$600K

$600-799K

$800-999K

$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M

$2.0M-2.49M

$2.5M-2.99M

$3M+ 1,196 174 15%

S-LRATIO SALES INVENTORY

30 9 30%

17 10 59%

35 14 40%

43 33 77%

156 81 52%

526 347 66%

399 221 55%

395 124 31%

Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

8

greatervancouverboardarea TOWNHOME-FEBRUARY 202

SALESTO LISTINGSRATIO 78% SELLERS'MARKET

▶ MARKETSUMMARY Therewere602townhomelistingsintheGreater VancouverboardareainFebruary,35%aboveJanuary and33%lowerthanFebruary2021. Februarytownhomesalesincreasedby65% month-over-month,to468,andwere22%below February2021. Thesales-to-listingratiofortownhomesintheGreater Vancouverboardarea,at78%,reflectedaselers'market. ThetownhomemedianpriceinFebruarywas $1,101,000,a0.1%increasefromJanuaryand24%above February2021. Theaveragesoldpricewas$1,195,629,5%abovelast month;theaveragePSFsalepricewas$841,up6%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 30% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 26% VS2021

▲ 24% VS2021

▼ 33% VS2021

▼ 22% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 67% 601 899

%Change

No. 64% 284 446

%Change

TOTALLISTINGS TOTALSALES

78% 468 602

30% 26% 24% 16% -22% -33%

6% 5% 0.1% 22% 65% 35%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$841 $1,195,629 $1,101,000

$790 $1,143,021 $1,099,900

$645 $952,040 $890,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● FEB 2021 ● FEB 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

1,029

1,123 1,123

1,088

882

830

899

964

792

825

623

468 602

597

692

667

500

601

387

508

502

493

477

446

365

284

$1.10M

$1.10M

$995K

$969K

$960K

$945K

$900K

$905K

$900K

$890K

$893K

$899K

$899K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

140

64

100%

100%+

4+bdrms

97

120

83%

80%

100

69%

274

60%

59%

3bdrms

80

323

42%

60

119

40

2bdrms

165

20

0

11

<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+

<2bdrms

S-LRATIO SALES INVENTORY

4 4 100%

15 12 80%

68 40 59%

145 121 83%

94 127 135%

111 77 69%

100 60 60%

65 27 42%

17

Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 9 ●

greatervancouverboardarea CONDO-FEBRUARY 202

SALESTO LISTINGSRATIO 65% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 16% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 22% VS2021

▲ 19% VS2021

▼ 32% VS2021

▲ 6% VS2021

Therewere2,856condolistingsintheGreater VancouverboardareainFebruary,12%aboveJanuary and32%lowerthanFebruary2021. Februarycondosalesincreasedby42% month-over-month,to1,865,andwere6%above February2021. Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at65%,reflectedaselers'market. ThecondomedianpriceinFebruarywas$735,000,a 1.4%increasefromJanuaryand19%aboveFebruary 2021. Theaveragesoldpricewas$846,676,5%abovelast month;theaveragePSFsalepricewas$967,up3%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

1,865 2,856

1,766 4,210

16% 22% 19% 56% 6% -32%

1,317 2,546

3% 5% 1.4% 26% 42% 12%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$967 $846,676 $735,000 65%

$835 $693,974 $618,500 42%

$936 $806,557 $725,000 52%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● FEB 2021 ● FEB 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

4,486

4,397

4,714 4,780

4,210

4,465

4,165

4,166

3,412

3,838

2,689

2,856

2,048

2,546

1,827

1,808

2,396

2,283

1,865

1,785

1,766

1,678

1,632 1,630

1,464

1,317

$735K

$725K

$680K

$668K

$655K

$655K

$650K

$645K

$637K

$638K

$635K

$635K

$619K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

800

700

3

100%+

4+bdrms

36

600

77%

73%

500

129

59%

3bdrms

400

398

46%

300

32%

1,019

200

2bdrms

19% 17%

1,527

100

0

714

<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+

<2bdrms

S-LRATIO SALES INVENTORY

93 43 46%

479 369 77%

681 735 108%

499 363 73%

304 178 59%

237 75 32%

255 49 19%

308 53 17%

895

Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 10 ●

fraservaleyboardarea DETACHED-FEBRUARY 202

SALESTO LISTINGSRATIO 42% SELLERS'MARKET

▶ MARKETSUMMARY Therewere1,788detachedlistingsintheFraserValey boardareainFebruary,70%aboveJanuaryand12% higherthanFebruary2021. Februarydetachedhomesalesincreasedby43% month-over-month,to748,andwere37%below February2021. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at42%,reflectedaselers'market. ThedetachedmedianpriceinFebruarywas$1,778,500, a1.6%increasefromJanuaryand38%aboveFebruary 2021. Theaveragesoldpricewas$1,926,943,0.7%abovelast monthandup36%toFebruary2021.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 36% VS2021

▲ 38% VS2021

▲ 12% VS2021

▼ 37% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

42% 748 1,788

1,184 1,597

36% 38% -44% -37% 12%

50% 524 1,054

0.7% 1.6% -16% 43% 70%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,421,060 $1,284,500 74%

$1,913,887 $1,750,000

$1,926,943 $1,778,500

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIANPRICE

2,944

2,584

2,828

2,304

1.95

1.88

1.83

2,185

1,788

1,741

1.70

1.65

1,530

1,843

1,321

1.53

1,306

1,597 1,184

1,514

1,382

909

841

807

1,054

959

748

850

777

744

696

524

$1.78M

$1.75M

$1.58M

$1.56M

$1.45M

$1.41M

$1.36M

$1.33M $1.28M

$1.34M

$1.33M

$1.31M

$1.29M

Feb-21

Jan-22

Feb-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

600

100%+

500

400

63%

300

49%

35%

200

34%

32%

31%

16%

16%

100

0

<$600K

$600-799K

$800-999K

$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M

$2.0M-2.49M

$2.5M-2.99M

$3M+

S-LRATIO SALES INVENTORY

50 16 32%

3 4 133%

31 5 16%

94 29 31%

301 101 34%

564 358 63%

252 124 49%

170 59 35%

323 52 16%

Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

11

fraservaleyboardarea TOWNHOME-FEBRUARY 202

SALESTO LISTINGSRATIO 72% SELLERS'MARKET

▶ MARKETSUMMARY Therewere627townhomelistingsintheFraserValey boardareainFebruary,96%aboveJanuaryand18% higherthanFebruary2021. Februarytownhomesalesincreasedby54% month-over-month,to449,andwere43%below February2021. Thesales-to-listingratiofortownhomesintheFraser Valeyboardarea,at72%,reflectedaselers'market. ThetownhomemedianpriceinFebruarywas$970,000,a 4%increasefromJanuaryand47%aboveFebruary2021. Theaveragesoldpricewas$988,714,6%abovelast month;theaveragePSFsalepricewas$638,up5%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 48% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 47% VS2021

▲ 47% VS2021

▲ 18% VS2021

▼ 43% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 786 531

%Change

No. 91% 291 320

%Change

TOTALLISTINGS TOTALSALES

72% 449 627

48% 47% 47% -52% -43% 18%

5% 6% 4% -21% 54% 96%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$431 $671,839 $659,900 148%

$638 $988,714 $970,000

$605 $928,880 $930,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● FEB 2021 ● FEB 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

787

775

872

846

786

710

759

627

706

552

641

514

509

567

449

438

531

416

512

479

447

320

409

376

291

200

$970K

$930K

$870K

$824K

$786K

$765K

$735K

$728K

$725K

$729K

$720K

$705K

$660K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

300

105

100%+ 100%+ 100%

4+bdrms

177

250

75%

200

225

60%

3bdrms

52%

327

150

33%

100

121 116

2bdrms

50

0

2 3

<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+

<2bdrms

S-LRATIO SALES INVENTORY

8 6 75%

27 14 52%

147 48 33%

305 182 60%

97 143 147%

37 50 135%

6 6 100%

Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 12 ●

fraservaleyboardarea CONDO-FEBRUARY 202

SALESTO LISTINGSRATIO 68% SELLERS'MARKET

▶ MARKETSUMMARY Therewere764condolistingsintheFraserValeyboard areainFebruary,82%aboveJanuaryand36%lowerthan February2021. Februarycondosalesincreasedby25% month-over-month,to518,andwere22%below February2021. Thesales-to-listingratioforcondosintheFraserValey boardarea,at68%,reflectedaselers'market. ThecondomedianpriceinFebruarywas$571,250,a 1.2%increasefromJanuaryand33%aboveFebruary 2021. Theaveragesoldpricewas$608,945,6%abovelast month;theaveragePSFsalepricewas$728,up7%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 43% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 37% VS2021

▲ 33% VS2021

▼ 36% VS2021

▼ 22% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 99% 416 420

%Change

TOTALLISTINGS TOTALSALES

68% 518 764

56% 666 1,192

43% 37% 33% 21% -22% -36%

1.2% -32% 25% 82%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$728 $608,945 $571,250

$683 $575,866 $564,643

$509 $444,792 $430,000

7% 6%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● FEB 2021 ● FEB 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

1,344

1,271

1,163

1,287

1,192

1,190

905

806

778

937 598

764

660

779

666

542

689

614

614

518

562 555

555

416

373 420

$571K

$565K

$529K

$510K

$481K

$473K

$465K

$450K

$450K

$450K

$446K

$438K

$430K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

400

3 1

100%+

4+bdrms

85%

300

71%

67%

28

63%

3bdrms

42

200

46%

298

26%

100

2bdrms

17%

482

0

191

<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+

<2bdrms

S-LRATIO SALES INVENTORY

84 39 46%

408 257 63%

204 174 85%

19 32 168%

27 7 26%

12 2 17%

7 5 71%

3 2 67%

237

Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 13 ●

burnabynorth DETACHED-FEBRUARY 202

SALESTO LISTINGSRATIO 73% SELLERS'MARKET

▶ MARKETSUMMARY Therewere64detachedlistingsinBurnabyNorthin February,5%aboveJanuaryand4%lowerthanFebruary 2021. Februarydetachedhomesalesincreasedby176% month-over-month,to47,andwere38%aboveFebruary 2021. Thesales-to-listingratiofordetachedinBurnabyNorth, at73%,reflectedaselers'market. ThedetachedmedianpriceinFebruarywas$2,120,000, a2%decreasefromJanuaryand18%aboveFebruary 2021. Theaveragesoldpricewas$2,193,384,10%belowlast monthandup18%toFebruary2021.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 18% VS2021

▲ 18% VS2021

▼ 4% VS2021

▲ 38% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

47 64

34 67

18% 18% 45% 38% -4%

17 61

-10% -2% 164% 176% 5%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$2,193,384 $2,120,000 73%

$2,448,647 $2,168,000 28%

$1,862,295 $1,804,000 51%

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIANPRICE

154

161

157

2.46

17

2.34

121

100

2.21

105

80

76

66

84

59

47 64

53

67

45

61

38

33

48

1.37

34

32

30

1.26

27

1.17

17

$2.17M

$2.12M

$1.99M

$1.93M

$1.92M

$1.80M $1.80M

$1.81M

$1.82M

$1.80M

$1.78M

$1.70M

$1.68M

Feb-21

Jan-22

Feb-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

100%

100%+

100%

15

10

40%

31%

5

0

<$600K

$600-799K

$800-999K

$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M

$2.0M-2.49M

$2.5M-2.99M

$3M+

S-LRATIO SALES INVENTORY

1 1 100%

15 18 120%

17 17 100%

15 6 40%

16 5 31%

Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

14

burnabynorth TOWNHOME-FEBRUARY 202

SALESTO LISTINGSRATIO 68% SELLERS'MARKET

▶ MARKETSUMMARY Therewere25townhomelistingsinBurnabyNorthin February,39%aboveJanuaryand55%lowerthan February2021. Februarytownhomesalesincreasedby55% month-over-month,to17,andwere6%belowFebruary 2021. Thesales-to-listingratiofortownhomesinBurnaby North,at68%,reflectedaselers'market. ThetownhomemedianpriceinFebruarywas$905,000,a 2%increasefromJanuaryand11%aboveFebruary2021. Theaveragesoldpricewas$959,518,11%abovelast month;theaveragePSFsalepricewas$724,down6%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 20% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 14% VS2021

▲ 11% VS2021

▼ 55% VS2021

▼ 6% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

17 25

18 55

20% 14% 11% 108% -6% -55%

11 18

-6% 11% 2% 11% 55% 39%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$724 $959,518 $905,000 68%

$601 $841,872 $818,000 33%

$770 $864,736 $883,000 61%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● FEB 2021 ● FEB 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

64

56

54

54

55

57

52

51

38 37

34

33

40

26

33

25

18

18

25

24

23

17

18

18

12

1

$919K

$905K

$896K

$883K

$857K

$847K

$818K

$800K

$789K

$775K

$768K

$750K

$750K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

7

1

100%+

4+bdrms

6

2

5

71%

11

4

57%

3bdrms

13

50%

3

5

2

2bdrms

10

1

0

<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+

<2bdrms

S-LRATIO SALES INVENTORY

3 0 n/a

7 5 71%

7 4 57%

3 7 233%

2 1 50%

3 0 n/a

Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 15 ●

burnabynorth CONDO-FEBRUARY 202

SALESTO LISTINGSRATIO 91% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 27% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 28% VS2021

▲ 30% VS2021

▼ 44% VS2021

▲ 25% VS2021

Therewere176condolistingsinBurnabyNorthin February,5%aboveJanuaryand44%lowerthanFebruary 2021. Februarycondosalesincreasedby55% month-over-month,to161,andwere25%above February2021. Thesales-to-listingratioforcondosinBurnabyNorth,at 91%,reflectedaselers'market. ThecondomedianpriceinFebruarywas$775,900,a 11%increasefromJanuaryand30%aboveFebruary 2021. Theaveragesoldpricewas$800,313,9%abovelast month;theaveragePSFsalepricewas$956,up10%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 41% 129 312

%Change

No. 62% 104 167

%Change

TOTALLISTINGS TOTALSALES

91% 161 176

27% 28% 30% 121% 25% -44%

10% 9% 11% 47% 55% 5%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$956 $800,313 $775,900

$867 $734,977 $699,500

$754 $623,323 $598,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● FEB 2021 ● FEB 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

297

312

284

304

302

290

275

273 200

208

230

182

167

176

132

127

124

161

145

143

129

17

13 13

104

101

$776K

$700K

$693K

$665K

$655K

$650K

$650K

$644K

$617K

$613K

$612K

$615K

$598K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

60

100%+ 100%+ 100%+

4+bdrms

50

40

8

63%

3bdrms

30

15

50%

20

31%

107

2bdrms

116

10

0

45 46

<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+

<2bdrms

S-LRATIO SALES INVENTORY

2 0 n/a

46 29 63%

54 58 107%

34 46 135%

21 22 105%

13 4 31%

4 2 50%

2 0 n/a

Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 16 ●

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