the rennie advance - February 2022

highlights • Aftersevenstraightmonthsoffalinginventory,totallistingsintheVancouverRegionwereupby 9%inJanuarycomparedtoDecember,to7,347.Despitethisexpectedseasonalincreasebeing realized,inventoryremainshistoricalylow,at38%belowitsleveloneyearagoand50%belowthe past-decadeJanuaryaverage.Lastmonth’scountwasalsothefifth-lowestinanymonthgoing backtothebeginningoftheavailabledatainJune1989. • Onamonth-over-monthbasis,townhomesexperiencedthelargestrelativeincreaseinlistingsat 30%,folowedbycondosat7%,anddetachedhomesat6%.Thatsaid,theabsoluteincreaseinthe numberoftownhomesavailableforpurchase(+184)waslesthantheincreaseofbothdetached (+190)andcondo(+197). • Conditionscontinuetostronglyfavourselers.

THERENNIEADVANCE total listings

JANUARY 202

14,000

-23% vsJan2021

12,000

10,000

8,000

6,878 10 yrJanAvg

6,000

4,000

DETACHED listings

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0 2,000 3,344

-51% vs10yrJanAvg

﹍ 10 yrJanuaryAverage

● January

1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500

-51% vsJan2021

2,098 10 yrJanAvg

TOWNHOME listings

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0 500 800

-62% vs10yrJanAvg

﹍ 10 yrJanuaryAverage

● January

12,000

-47% vsJan2021

10,000

8,000

6,000

5,259 10 yrJanAvg

4,000

CONDO listings

2,000

2,968

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0

-44% vs10yrJanAvg

﹍ 10 yrJanuaryAverage

● January

Copyright©February1,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary1,202.AldatafromRealEstateBoard ofGreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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