the rennie review - November 2021

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

published November 2021

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 47

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 West West Vancouver

52 CURRENT PROJECTS

Copyright © 2021 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 November 8, 2021. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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

Vancouver’s housing inventory: less than meets the eye A record low count of inventory in October and strong sellers’ market conditions among homes priced under $2 million means that would-be buyers are, arguably, more challenged today than ever before.

Additionally, the irksome reality is that the 10,700 listings are also somewhat of a mirage in that the average buyer isn’t really able to choose among all of these listings. For example, if we segment the market based on prices, we see that 32% of October’s inventory was priced at $2 million or more, meaning that there are only roughly 7,300 listings priced under $2 million. It goes without saying that $2 million is not a realistic price point for most households (as only 11% of homes sold in October were $2 million or more), so we could also set the bar at, say, $1.5 million: in this case, only 5,900 (55%) of the 10,700 available homes in the Vancouver Region were priced below this threshold. There are still few signs that this trend of declining—or, at least, suppressed—inventory will reverse course in the near future, given the ongoing economic and labour market recovery and rising incomes. As such, it is more critical than ever that would-be buyers in this market are working with trusted advisors (realtors) to help them navigate what is a very complex supply landscape.

Please accept our apologies if it feels like we’re once again going back to the well here, but one would really have to go out of their way to ignore the persistence of housing supply scarcity in the Vancouver Region. Continuing the trend established months ago, the region’s inventory of homes available for purchase in October fell to 10,700—a large number, to be sure, if it represented how many hours we’d have to wait to experience sunshine once again in Vancouver, but a relatively small one when considering the historical context for housing supply in this market. On this point, the 10,700 listings at the end of last month represented a 41% decline from October 2020, while also sitting close to 50% below the past 10-year average for October (meaning, for every 2 listings

that have historically been available at this time of year, there currently is only 1). Furthermore, while we do typically see a dip in inventory between September and October—of 4%—total listings fell by 13% this year into October. And in tracking the data to the almost-midpoint of November, listings have fallen further, to 10,400. Oy. What frames this constriction in supply even more dramatically is that October’s inventory was the lowest on record for any October in the Vancouver Region’s history. We say this based on examining data back to 1989 (the earliest date for which inventory data are available), a time when the region had 1.3 million fewer people, and approximately 500,000 fewer homes. So when we measure inventory on a per capita, or per-dwelling, basis, the current situation appears even more dire for buyers.

Copyright © 2021 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 November 8, 2021. 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

Grosvenor Ambleside $6,998,000 | WEST VAN 306 - 1355 Bellevue Avenue 2 Bed + Den, 2,984 SF

House

$19,800,000 | OAKRIDGE 1250 West 54th Avenue 6 Bed + Office, 8,550 SF

$4,498,000 | WEST VAN

2324 Queens Avenue 4 Bed + Flex, 4,019 SF Eric Langhjelm PREC* 778.688.4149

Sabrina Gao 604.782.2609

Jenna Van Alstine 778.558.3355

Duplex

House

Townhome

$2,688,000 | KITSILANO

$2,289,000 | SQUAMISH

$2,148,900 | CAMBIE 202 - 778 W. 27th Avenue 3 Bed, 1,232 SF Christopher Boyd PREC* 604.351.0533

2158 W. 15th Avenue 3 Bed, 2,248 SF Karim Kamrani 604.789.6461

41230 Rockridge Place 6 Bed, 4,038 SF

Jeevan Gill 604.617.2159

Hunter At Lynn Creek $1,499,900 | NORTH VAN

The Pacific

House

$1,489,900 | DOWNTOWN

$1,599,000 | SQUAMISH

TH14 - 1401 Hunter Street 3 Bed, 1,158 SF

503 - 889 Pacific Street 2 Bed, 935 SF Deanna Lythgo PREC* 778.840.3170

38641 Cherry Drive 3 Bed, 2,019 SF

Sarah Reimer 778.968.5247

Shawn Wentworth PREC* 604.379.6731

Townhome

15 West

House

$1,298,000 | NORTH VAN 1407 - 150 W. 15th Street 2 Bed, 1,050 SF

$1,139,000 | YALETOWN

$1,099,000 | COQUITLAM

1145 Hornby Street 2 Bed + Den, 1,035 SF

2556 Raven Court 4 Bed + Den, 2316 SF Eric Zamora PREC* 778.389.4556

Calvin Jiang 604.961.1698

Danny Chow PREC* 604.765.2469

Sea & Sky

The Compass

The Carnegie $849,900 | KITSILANO 301 - 1818 West 6th Avenue 2 Bed + Office, 852 SF

$1,048,800 | SQUAMISH

$949,900 | FALSE CREEK

1360 Marinaside Place 4 Bed, 1,464 SF Irene De Guzman 604.720.1996

710 - 123 W. 1st Avenue 2 Bed, 820 SF

Jane Chu PREC* 778.886.3303

Jordan Wong 778.378.6888

King George Hub $735,000 | SURREY 3003 - 13615 Fraser Highway 2 Bed, 837 SF Samson Danniels 778.989.2454

Park Plaza $499,000 | YALETOWN 501 - 1188 Richards Street Studio, 422 SF Gwendalen Chan 778.388.0913

Polaris Metrotown $738,000 | BURNABY SOUTH 406 - 6699 Dunblane Avenue 1 Bed, 624 SF

Calvin Kan PREC* 604.616.8373

Copyright © 2021 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 November 8, 2021. 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-OCTOBER 2021

SALESTO LISTINGSRATIO 40% SELLERS'MARKET

▶ MARKETSUMMARY Therewere4,693detachedlistingsintheVancouver RegioninOctober,13%belowSeptemberand33%lower thanOctober2020. Octoberdetachedhomesalesincreasedby11% month-over-month,to1,882,andwere22%below October2020. Thesales-to-listingratiofordetachedintheVancouver Region,at40%,reflectedaselers'market. ThedetachedmedianpriceinOctoberwas$1,600,000,a 4%increasefromSeptemberand28%aboveOctober 2020. Theaveragesoldpricewas$1,863,731,6%abovelast monthandup26%toOctober2020.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 26% VS2020

▲ 28% VS2020

▼ 33% VS2020

▼ 22% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

1,882 4,693

2,420 7,015

26% 28% 16% -22% -33%

1,698 5,397

27% 11% -13%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,863,731 $1,600,000 40%

$1,761,640 $1,537,500 31%

$1,474,972 $1,250,000 34%

6% 4%

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

7,569

7,107

7,015

7,333

5,980

5,968

1.88

1.85

5,397

6,236

1.83

5,531

4,693

4,502

3,503

4,379

4,282

1.40

1.40

2,750

1.27

3,039

1,998

2,420

2,418

1,882

2,227

2,16

1,899

1,791

1,698

1,489

$1.60M

$1.54M

$1.50M

$1.48M $1.41M

$1.48M

$1.46M

$1.45M

$1.45M

$1.35M

$1.30M

$1.27M

$1.25M

Oct-20

Sep-21

Oct-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

100%+

92%

1500

74%

74%

66%

1000

42%

41%

500

21%

9%

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+ 1,727 156 9%

S-LRATIO SALES INVENTORY

95 40 42%

46 34 74%

104 77 74%

187 213 114%

435 401 92%

874 579 66%

616 253 41%

609 129 21%

Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

5

vancouverregion TOWNHOME-OCTOBER 2021

SALESTO LISTINGSRATIO 90% SELLERS'MARKET

▶ MARKETSUMMARY Therewere1,126townhomelistingsintheVancouver RegioninOctober,17%belowSeptemberand57%lower thanOctober2020. Octobertownhomesalesincreasedby7% month-over-month,to1,011,andwere22%below October2020. Thesales-to-listingratiofortownhomesintheVancouver Region,at90%,reflectedaselers'market. ThetownhomemedianpriceinOctoberwas$849,900,a 1.3%increasefromSeptemberand26%aboveOctober 2020. Theaveragesoldpricewas$915,923,1.7%belowlast month;theaveragePSFsalepricewas$615,down0.3% tolastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 23% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 21% VS2020

▲ 26% VS2020

▼ 56% VS2020

▼ 22% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

1,011 1,126

1,291 2,619

23% 21% 26% 82% -22% -57%

69% 943 1,357

-0.3% -1.7% 1.3% 29% 7% -17%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$615 $915,923 $849,900 90%

$501 $755,816 $675,000 49%

$617 $931,563 $839,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● OCT 2020 ● OCT 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

2,619

2,262

2,039

2,026

1,980

1,747

1,727

1,643

1,608

1,487

1,441

1,414

1,357

1,682

1,588 1,013

1,291

1,405

1,021

1,126

1,204

1,071

1,01

998

943

836

$850K

$839K

$788K

$790K

$780K

$785K

$776K

$782K

$720K

$688K

$675K

$665K

$671K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

350

192 189

100%

100%+ 100%+

300

4+bdrms

84%

250

75%

545

200

3bdrms

55%

608

150

28% 25%

100

267

2bdrms

301

50

0

10

<$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

17 17 100%

83 62 75%

262 340 130%

298 338 113%

161 136 84%

127 70 55%

110 31 28%

68 17 25%

25

Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 6 ●

vancouverregion CONDO-OCTOBER 2021

SALESTO LISTINGSRATIO 51% SELLERS'MARKET

▶ MARKETSUMMARY Therewere4,615condolistingsintheVancouverRegion inOctober,13%belowSeptemberand42%lowerthan October2020. Octobercondosalesincreasedby8%month-over-month, to2,363,andwere14%aboveOctober2020.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 12% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 11% VS2020

▲ 14% VS2020

▼ 42% VS2020

▲ 14% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

Thesales-to-listingratioforcondosintheVancouver Region,at51%,reflectedaselers'market.

TOTALLISTINGS TOTALSALES

2,363 4,615

2,066 8,024

12% 11% 14% 99% 14% -42%

2,193 5,302

-0.7% 2% 1.7% 24% 8% -13%

ThecondomedianpriceinOctoberwas$608,000,a1.7% increasefromSeptemberand14%aboveOctober2020. Theaveragesoldpricewas$688,888,2.0%abovelast month;theaveragePSFsalepricewas$789,down0.7% tolastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$789 $688,888 $608,000 51%

$702 $618,359 $532,000 26%

$794 $675,454 $598,000 41%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● OCT 2020 ● OCT 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

8,024

7,335

6,001 6,051

5,830

5,628

5,595

5,302

5,697

5,402

3,507 5,355

4,615

5,103

2,829

2,980

1,936

2,363

2,066

2,435

2,402

2,234 2,230

2,193

1,797

1,560

$608K

$598K

$585K

$588K

$590K

$583K

$574K

$575K

$550K

$542K

$532K

$532K

$530K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

1200

34 3

4+bdrms

1000

78% 77%

800

145

62%

3bdrms

546

600

36% 39%

400

1,377

2bdrms

16%

2,677

200

12%

8%

0

838

<$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

285 223 78%

1,200 922 77%

1,135 705 62%

774 278 36%

339 131 39%

269 43 16%

286 34 12%

327 27 8%

1,358

Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 7 ●

greatervancouverboardarea DETACHED-OCTOBER 2021

SALESTO LISTINGSRATIO 34% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 20% VS2020

▲ 22% VS2020

▼ 25% VS2020

▼ 19% VS2020

Therewere3,181detachedlistingsintheGreater VancouverboardareainOctober,13%belowSeptember and25%lowerthanOctober2020. Octoberdetachedhomesalesincreasedby15% month-over-month,to1,094,andwere19%below October2020. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at34%,reflectedaselers'market. ThedetachedmedianpriceinOctoberwas$1,757,500,a 5%increasefromSeptemberand22%aboveOctober 2020. Theaveragesoldpricewas$2,069,042,6%abovelast monthandup20%toOctober2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

1,094 3,181

1,343 4,237

20% 22% 9% -19% -25%

26% 951 3,656

32% 15% -13%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$2,069,042 $1,757,500 34%

$1,717,501 $1,435,000 32%

$1,948,016 $1,670,000

6% 5%

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

4,523

4,741

4,389

4,237

3,742

3,664

3,656

1.85

4,051

1.76

3,688

1.72

3,181

2,905

2,864

1.48

2,762

1.45

1,960

1.39

1,652

1,264

1,343

1,020

1,422

1,094

1,223

1,063

1,044

937

951

739

$1.76M

$1.70M

$1.67M

$1.65M

$1.65M

$1.63M

$1.63M

$1.61M

$1.60M

$1.50M

$1.52M

$1.48M

$1.44M

Oct-20

Sep-21

Oct-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

1400

100%+

1200

91%

78%

1000

67%

800

59%

55%

600

41%

400

21%

200

10%

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+ 1,374 131 10%

S-LRATIO SALES INVENTORY

29 16 55%

27 21 78%

61 36 59%

67 78 116%

198 180 91%

530 357 67%

433 176 41%

462 99 21%

Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

8

greatervancouverboardarea TOWNHOME-OCTOBER 2021

SALESTO LISTINGSRATIO 70% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 21% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 18% VS2020

▲ 17% VS2020

▼ 50% VS2020

▼ 26% VS2020

Therewere717townhomelistingsintheGreater VancouverboardareainOctober,15%belowSeptember and50%lowerthanOctober2020. Octobertownhomesalesincreasedby1.6% month-over-month,to502,andwere26%belowOctober 2020. Thesales-to-listingratiofortownhomesintheGreater Vancouverboardarea,at70%,reflectedaselers'market. ThetownhomemedianpriceinOctoberwas$949,900,a 2%decreasefromSeptemberand17%aboveOctober 2020. Theaveragesoldpricewas$1,040,224,3%belowlast month;theaveragePSFsalepricewas$732,up0.1%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 59% 494 843

%Change

TOTALLISTINGS TOTALSALES

70% 502 717

47% 678 1,440

21% 18% 17% 49% -26% -50%

0.1% -3% -2% 19% 1.6% -15%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$732 $1,040,224 $949,900

$732 $1,072,365 $970,000

$607 $879,497 $815,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● OCT 2020 ● OCT 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

1,440

1,260

1,193

1,193

1,154

1,086

956

901

1,037

847

843

956

929

889

634

717

678

706

506

616

502

536

519 507

494

372

$970K

$950K

$910K

$900K

$901K

$900K

$909K

$900K

$900K

$815K

$816K

$790K

$791K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

61

100%+

150

94%

4+bdrms

94

83%

100

302

60% 59%

3bdrms

391

50%

50

28% 25%

132

2bdrms

212

0

7

<$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

5 3 60%

32 19 59%

104 121 116%

160 150 94%

123 102 83%

119 60 50%

106 30 28%

68 17 25%

20

Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 9 ●

greatervancouverboardarea CONDO-OCTOBER 2021

SALESTO LISTINGSRATIO 47% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 10% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 9% VS2020

▲ 11% VS2020

▼ 39% VS2020

▲ 15% VS2020

Therewere3,836condolistingsintheGreater VancouverboardareainOctober,13%belowSeptember and39%lowerthanOctober2020. Octobercondosalesincreasedby11% month-over-month,to1,808,andwere15%above October2020. Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at47%,reflectedaselers'market. ThecondomedianpriceinOctoberwas$655,000,a0% changefromSeptemberand11%aboveOctober2020. Theaveragesoldpricewas$746,758,1.2%abovelast month;theaveragePSFsalepricewas$851,down2%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

1,808 3,836

1,571 6,275

10% 9% 11% 88% 15% -39%

1,631 4,397

-2% 1.2% 0% 27% 11% -13%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$851 $746,758 $655,000 47%

$775 $682,410 $588,000 25%

$870 $737,886 $655,000 37%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● OCT 2020 ● OCT 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

6,275

5,736

4,780

4,714

4,486

4,397

4,465

4,441

4,288

4,210

3,836

2,689 4,165

4,166

2,048

1,476

2,283

1,808

1,571

1,766

1,786

1,678

1,632 1,631

1,367

1,189

$655K

$655K

$650K

$645K

$637K

$638K

$635K

$635K

$619K

$598K

$588K

$590K

$587K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

1000

33 3

4+bdrms

800

75%

69%

64%

107

600

3bdrms

473

400

36% 39%

1,046

2bdrms

200

16%

2,202

12%

8%

0

652

<$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

131 90 69%

797 596 75%

981 626 64%

743 270 36%

321 126 39%

261 41 16%

280 33 12%

322 26 8%

1,128

Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 10 ●

fraservaleyboardarea DETACHED-OCTOBER 2021

SALESTO LISTINGSRATIO 51% SELLERS'MARKET

▶ MARKETSUMMARY Therewere1,512detachedlistingsintheFraserValey boardareainOctober,13%belowSeptemberand46% lowerthanOctober2020. Octoberdetachedhomesalesincreasedby5% month-over-month,to778,andwere27%belowOctober 2020. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at51%,reflectedaselers'market. ThedetachedmedianpriceinOctoberwas$1,453,050,a 3%increasefromSeptemberand37%aboveOctober 2020. Theaveragesoldpricewas$1,580,719,4%abovelast monthandup35%toOctober2020.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 35% VS2020

▲ 37% VS2020

▼ 46% VS2020

▼ 27% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

51% 778 1,512

1,071 2,778

35% 37% 33% -27% -46%

43% 744 1,741

4% 3% 20% 5% -13%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,174,171 $1,060,000 39%

$1,525,574 $1,412,500

$1,580,719 $1,453,050

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

2,778

2,944

2,584

2,828

2,304

2,238

1.85

1.85

1.76

2,185

1,741

1.63

1.62

1,597

1,530

1,515

1,843

1.54

1,512

1,322

1,184

1,520

1,048

1,382

968

1,071

841

959

778

850

743

744

$1.45M

$1.41M

$1.36M

$1.33M $1.28M

$1.34M

$1.33M

$1.31M

$1.29M

$1.22M

$1.15M

$1.10M

$1.06M

Oct-20

Sep-21

Oct-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

350

100%+

93%

300

88%

250

65%

63%

200

150

42%

33%

100

20%

50

7%

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

66 22 33%

19 12 63%

43 38 88%

120 135 113%

237 220 93%

344 222 65%

183 76 42%

147 29 20%

353 24 7%

Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

11

fraservaleyboardarea TOWNHOME-OCTOBER 2021

SALESTO LISTINGSRATIO 124% SELLERS'MARKET

▶ MARKETSUMMARY Therewere409townhomelistingsintheFraserValey boardareainOctober,20%belowSeptemberand65% lowerthanOctober2020. Octobertownhomesalesincreasedby14% month-over-month,to509,andwere17%belowOctober 2020. Thesales-to-listingratiofortownhomesintheFraser Valeyboardarea,at124%,reflectedaselers'market. ThetownhomemedianpriceinOctoberwas$786,000,a 3%increasefromSeptemberand30%aboveOctober 2020. Theaveragesoldpricewas$793,331,2%abovelast month;theaveragePSFsalepricewas$499,up1.7%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 30% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 28% VS2020

▲ 30% VS2020

▼ 65% VS2020

▼ 17% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 87% 448 514

%Change

TOTALLISTINGS TOTALSALES

509 409

52% 612 1,179

140% -17% -65%

1.7% 2% 3% 43% 14% -20%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$499 $793,331 $786,000 124%

$491 $776,909 $765,000

$383 $619,213 $603,750

30% 28% 30%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● OCT 2020 ● OCT 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

1,179

1,002

872

846

786

787

775

710

687

759

706

552

612

659

514

641

409 509

567

533

531

513

506

479

462

448

$786K

$765K

$728K

$729K

$735K

$720K

$725K

$705K

$660K

$640K

$615K

$608K

$604K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

128

100%+

100%+ 100%+

100%+

200

4+bdrms

89%

98

84%

150

243

3bdrms

217

100

135

25%

2bdrms

50

89

0

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

12 14 117%

51 43 84%

158 219 139%

138 188 136%

38 34 89%

8 10 125%

4 1 25%

5

Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 12 ●

fraservaleyboardarea CONDO-OCTOBER 2021

SALESTO LISTINGSRATIO 71% SELLERS'MARKET

▶ MARKETSUMMARY Therewere779condolistingsintheFraserValeyboard areainOctober,14%belowSeptemberand55%lower thanOctober2020. Octobercondosalesdecreasedby1.2% month-over-month,to555,andwere12%aboveOctober 2020. Thesales-to-listingratioforcondosintheFraserValey boardarea,at71%,reflectedaselers'market. ThecondomedianpriceinOctoberwas$480,900,a1.6% increasefromSeptemberand22%aboveOctober2020. Theaveragesoldpricewas$500,368,1.2%abovelast month;theaveragePSFsalepricewas$587,up1.9%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 25% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 21% VS2020

▲ 22% VS2020

▼ 55% VS2020

▲ 12% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 62% 562 905

%Change

TOTALLISTINGS TOTALSALES

71% 555 779

28% 494 1,749

25% 21% 22% 152% 12% -55%

1.9% 1.2% 1.6% 15% -1.2% -14%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$587 $500,368 $480,900

$576 $494,268 $473,250

$470 $414,961 $392,950

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● OCT 2020 ● OCT 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

1,749

1,599

1,344

1,307

1,271

1,163

1,287

1,256

1,192 1,190

937

905

806

778

779

666

598

689

459

555

614 555

494

562

426

369

$481K

$473K

$465K

$450K

$446K

$450K

$450K

$438K

$430K

$415K

$405K

$398K

$393K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

400

4+bdrms

1

86%

81%

300

38

3bdrms

51%

73

200

331

26% 28% 25%

100

2bdrms

17% 20%

475

0

186

<$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

154 133 86%

403 326 81%

154 79 51%

31 8 26%

18 5 28%

8 2 25%

6 1 17%

5 1 20%

230

Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 13 ●

burnabynorth DETACHED-OCTOBER 2021

SALESTO LISTINGSRATIO 45% SELLERS'MARKET

▶ MARKETSUMMARY Therewere84detachedlistingsinBurnabyNorthin October,16%belowSeptemberand38%lowerthan October2020. Octoberdetachedhomesalesincreasedby23% month-over-month,to38,andwere16%belowOctober 2020. Thesales-to-listingratiofordetachedinBurnabyNorth, at45%,reflectedaselers'market. ThedetachedmedianpriceinOctoberwas$1,817,868,a 6%increasefromSeptemberand14%aboveOctober 2020. Theaveragesoldpricewas$1,970,098,9%abovelast monthandup18%toOctober2020.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 18% VS2020

▲ 14% VS2020

▼ 38% VS2020

▼ 16% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

38 84

$1,666,609 $1,600,000 33% 45 136

18% 14% 37% -16% -38%

$1,813,558 $1,718,000 31% 31 100

46% 23% -16%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,970,098 $1,817,868 45%

9% 6%

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

154

161

157

136

125

2.31

17

121

100

2.08

105

1.87

76

84

66

80

53

67 67

45

45

45

1.38

48

38

44

1.30

34

1.21

27 31

22

$1.92M

$1.80M $1.80M

$1.81M

$1.82M

$1.80M

$1.78M

$1.72M

$1.70M

$1.60M

$1.60M

$1.55M

$1.50M

Oct-20

Sep-21

Oct-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

35

30

25

76%

20

50%

15

35%

10

20%

13%

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

4 2 50%

33 25 76%

17 6 35%

15 3 20%

15 2 13%

Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

14

burnabynorth TOWNHOME-OCTOBER 2021

SALESTO LISTINGSRATIO 55% SELLERS'MARKET

▶ MARKETSUMMARY Therewere33townhomelistingsinBurnabyNorthin October,11%belowSeptemberand42%lowerthan October2020. Octobertownhomesalesdecreasedby25% month-over-month,to18,andwere18%belowOctober 2020. Thesales-to-listingratiofortownhomesinBurnaby North,at55%,reflectedaselers'market. ThetownhomemedianpriceinOctoberwas$788,500,a 14%decreasefromSeptemberand3%aboveOctober 2020. Theaveragesoldpricewas$838,550,7%belowlast month;theaveragePSFsalepricewas$606,down7%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 3% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 7% VS2020

▲ 3% VS2020

▼ 42% VS2020

▼ 18% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

18 33

22 57

3% 7% 3% 41% -18% -42%

24 37

-14% -16% -25% -11%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$606 $838,550 $788,500 55%

$589 $782,107 $767,500 39%

$648 $901,429 $918,500 65%

-7% -7%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● OCT 2020 ● OCT 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

64

55 56

54

54

57

53

57

52

51

38 37

35

34

40

33

35

25

33

22

25

24

18

21

18

14

$919K

$896K

$847K

$818K

$800K

$789K

$775K

$768K

$768K

$761K

$749K

$750K

$718K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

12

1

4+bdrms

10

4

75% 75%

8

11

3bdrms

14

6

50%

4

6

2bdrms

20%

15

2

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

2 0 n/a

12 9 75%

8 6 75%

4 2 50%

5 1 20%

2 0 n/a

Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 15 ●

burnabynorth CONDO-OCTOBER 2021

SALESTO LISTINGSRATIO 57% SELLERS'MARKET

▶ MARKETSUMMARY Therewere230condolistingsinBurnabyNorthin October,23%belowSeptemberand43%lowerthan October2020. Octobercondosalesincreasedby4%month-over-month, to132,andwere36%aboveOctober2020.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 12% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 15% VS2020

▲ 10% VS2020

▼ 43% VS2020

▲ 36% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 43% 127 297

%Change

Thesales-to-listingratioforcondosinBurnabyNorth,at 57%,reflectedaselers'market.

TOTALLISTINGS TOTALSALES

57% 132 230

$709 $601,553 $590,000 24% 97 400

12% 15% 10% 137% 36% -43%

-6% 1.3% -2% 34% 4% -23%

ThecondomedianpriceinOctoberwas$650,000,a2% decreasefromSeptemberand10%aboveOctober2020. Theaveragesoldpricewas$689,902,1.3%abovelast month;theaveragePSFsalepricewas$792,down6%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$792 $689,902 $650,000

$844 $681,293 $665,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● OCT 2020 ● OCT 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

379

400

323

312

304

302 297

284

324

273

290

182 275

200

230

127

132

143

129

97

17

13 13

96

87 91

$665K

$655K

$650K

$650K

$625K

$617K

$615K

$613K

$612K

$598K

$590K

$582K

$559K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

80

4+bdrms

86%

60

6

63%

3bdrms

55%

14

40

50%

50%

90

20

2bdrms

18% 14%

159

0

36

<$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 5 63%

80 44 55%

57 49 86%

54 27 50%

17 3 18%

7 1 14%

6 3 50%

1 0 n/a

57

Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 16 ●

Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48 Page 49 Page 50 Page 51 Page 52 Page 53 Page 54 Page 55 Page 56 Page 57 Page 58

Made with FlippingBook - professional solution for displaying marketing and sales documents online