highlights • Totalinventorycontinuestocontracttohistoricaly-lowlevels,withNovember’s9,530listings representingthefewestinmorethan30years.Inventorywasalsodown11%comparedto October,withcondoslistingscontractingby12%,detachedhomesby11%,andtownhomesby 10%. • ComparedtoNovember2020,totalinventoryintheVancouverRegionwas40%lower,with townhomesrecordingthelargestyear-over-yeardeclineof55%,folowedbydetachedhomes (45%)andcondos(30%). • Withdemandremainingelevatedinthefaceofwaningsupply,thesales-to-listingsratioincreased acrosalhometypescomparedtoOctober2021,to43%fordetachedhomes,95%for townhomes,and60%forcondos-areflectionofstrongselers’marketconditions.
THERENNIEADVANCE total listings
NOVEMBER 2021
14,000
-30% vsNov2020
12,000
10,000
8,000
8,015 10 yrNovAvg
6,000
4,000
DETACHED listings
4,222
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 0 2,000
-47% vs10yrNovAvg
● November ﹍ 10 yrNovemberAverage
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
-55% vsNov2020
2,416 10 yrNovAvg
TOWNHOME listings
1,013
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 0 500
-58% vs10yrNovAvg
● November ﹍ 10 yrNovemberAverage
12,000
-45% vsNov2020
10,000
8,000
6,000
6,061 10 yrNovAvg
4,000
CONDO listings
4,076
2,000
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 0
-33% vs10yrNovAvg
● November ﹍ 10 yrNovemberAverage
Copyright©December2,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember2,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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