the rennie review - May 2022

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

published May 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 May 5, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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

Vancouver’s housing market conditions have shifted A decline in housing demand in the Vancouver Region in April has brought sales counts down to a level not seen in almost two years. And what is that level? It’s the typical monthly average.

March), conditions have markedly improved for buyers insofar as having a greater range of housing options to choose from. Despite this, the market is still tilted in favour of sellers (a sales-to-listings ratio above 21% is considered a sellers’ market). Despite these recent changes to supply and demand conditions, prices (per the “benchmark” definition) remain at historic highs for all home types across both the Greater Vancouver and the Fraser Valley board areas. However, elevated economic uncertainty of late—in the form of inflation near 7% nationally, along with continually rising interest rates—potential buyers and sellers may be choosing to delay their real estate decisions until the economic context becomes more stable. The early returns for May are showing moderate sales counts, similar to those in April, as inventory continues to expand. Maybe—just maybe— we’ll find ourselves with balanced market conditions just in time for summer.

It’s fair to say that the second-most discussed dimension of Vancouver’s housing market over the last couple of years (after constrained inventory) has been the elevated sales activity we’ve experienced—elevated until now, that is. While the typical seasonal pattern between March and April is one of declining sales (the long-run average decline is 4% between these two months), the drop in sales last month represented something much more significant and is likely a sign of a shifting market. Specifically, total MLS sales for the Vancouver Region in April were 4,826, which was a 30% drop from March and 38% below April 2021’s level. Having noted this, we’d be remiss if we didn’t also point out that both March 2022 and April 2021 posted atypically-high sales totals; indeed, compared to the past-decade April average, last month’s sales only came in 1% lower. Interestingly, though, while April’s sales

were just a hair below what is considered typical for the month, the last time sales counts in this region were below the previous 10-year monthly average was all the way back in June 2020, at the tail-end of the original Covid-19 lockdown. Meanwhile, as sales counts have waned, new listings activity has been on the rise, and that dynamic (receding sales and rising new listings) yielded another increase in inventory in April. It was the fourth consecutive monthly increase in supply, though inventory remains relatively constrained overall: the 13,475 homes for sale at the end of April are still 14% below April 2021’s level, and 25% below the past 10-year April average. It can be said, then, that market conditions have shifted—moderated, more pointedly: as measured by the sales-to-listings ratio (which dropped to 36% in April from 59% in

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 May 5, 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

$4,500,000 | FALSE CREEK 604 - 181 Athletes Way 2 Bed, 2,138 SF

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 May 5 , 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.

vancouverregion DETACHED-APRIL 202

SALESTO LISTINGSRATIO 25% SELLERS'MARKET

▶ MARKETSUMMARY Therewere6,295detachedlistingsintheVancouver RegioninApril,15%aboveMarchand14%lowerthan April2021. Aprildetachedhomesalesdecreasedby32% month-over-month,to1,577,andwere48%belowApril 2021. Thesales-to-listingratiofordetachedintheVancouver Region,at25%,reflectedaselers'market.

AVERAGEPRICE

MEDIANPRICE

SALES

TOTALLISTINGS

▲ 20% VS2021

▲ 20% VS2021

▼ 14% VS2021

▼ 48% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

1,577 6,295

3,039 7,331

20% 20% -40% -48% -14%

2,328 5,481

0.9% -1.5% -41% -32% 15%

ThedetachedmedianpriceinAprilwas$1,800,000,a 1.5%decreasefromMarchand20%aboveApril2021.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$2,098,705 $1,800,000 25%

$2,080,004 $1,826,500 42%

$1,756,044 $1,500,000 41%

Theaveragesoldpricewas$2,098,705,0.9%abovelast monthandup20%toApril2021.

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

7,567

7,107

7,331

6,295

1.92

5,481

5,397

6,236

1.83

1.83

5,531

4,587

4,181

4,694

1.49

1.48

2,748

1.37

3,039

3,318

2,328

3,120

1,879

1,795

2,227

1,577

1,899

1,789

1,759

1,697

1,492

1,152

$1.83M $1.89M

$1.85M

$1.80M

$1.69M

$1.69M

$1.60M

$1.54M

$1.50M

$1.48M

$1.46M

$1.45M

$1.45M

Apr-21

Mar-22

Apr-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

2000

1500

1000

50%

48%

46%

43%

33%

32%

31%

500

19%

11%

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+ 1,868 201 11%

S-LRATIO SALES INVENTORY

91 39 43%

34 17 50%

96 44 46%

224 108 48%

692 219 32%

1,676 520 31%

850 281 33%

764 148 19%

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

5

vancouverregion TOWNHOME-APRIL 202

SALESTO LISTINGSRATIO 45% SELLERS'MARKET

▶ MARKETSUMMARY Therewere2,005townhomelistingsintheVancouver RegioninApril,19%aboveMarchand2%higherthan April2021. Apriltownhomesalesdecreasedby29% month-over-month,to896,andwere44%belowApril 2021. Thesales-to-listingratiofortownhomesintheVancouver Region,at45%,reflectedaselers'market. ThetownhomemedianpriceinAprilwas$982,944,a 1.7%decreasefromMarchand26%aboveApril2021. Theaveragesoldpricewas$1,049,361,2%belowlast month;theaveragePSFsalepricewas$712,down0.4% tolastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 23% VS2021

TOTALLISTINGS

MEDIANPRICE

SALES

▲ 22% VS2021

▲ 26% VS2021

▲ 2% VS2021

▼ 44% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

45% 896 2,005

1,591 1,960

23% 22% 26% -45% -44% 2%

1,254 1,680

-0.4% -2% -1.7% -40% -29% 19%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$578 $858,134 $781,000 81%

$715 $1,072,640 $1,000,000 75%

$712 $1,049,361 $982,944

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2021 ● APR 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

1,910

2,005

1,960

1,969

1,674

1,680

1,591

1,400

1,306

1,254

1,227

1,377

1,076

973

1,193

782

1,013

766

1,002

987

942

925

915

896

587

574

$1000K $1.02M

$990K

$983K

$900K

$880K

$845K

$834K

$790K

$781K

$785K

$781K

$775K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

700

162

4+bdrms

600

452

500

500

400

3bdrms

54%

52% 53%

1,094

43%

42% 42%

300

33%

217

200

2bdrms

428

14%

100

0

31 17

<$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

21 7 33%

59 32 54%

331 140 42%

716 300 42%

391 205 52%

261 138 53%

145 63 43%

81 11 14%

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 6 ●

vancouverregion CONDO-APRIL 202

SALESTO LISTINGSRATIO 48% SELLERS'MARKET

▶ MARKETSUMMARY Therewere4,678condolistingsintheVancouverRegion inApril,15%aboveMarchand20%lowerthanApril 2021. Aprilcondosalesdecreasedby28%month-over-month, to2,249,andwere25%belowApril2021.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 18% VS2021

TOTALLISTINGS

MEDIANPRICE

SALES

▲ 17% VS2021

▲ 16% VS2021

▼ 20% VS2021

▼ 25% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

Thesales-to-listingratioforcondosintheVancouver Region,at48%,reflectedaselers'market.

TOTALLISTINGS TOTALSALES

2,249 4,678

2,980 5,830

18% 17% 16% -6% -25% -20%

3,117 4,073

0.8% 1.2% -0.7% -37% -28% 15%

ThecondomedianpriceinAprilwas$680,000,a0.7% decreasefromMarchand16%aboveApril2021. Theaveragesoldpricewas$783,177,1.2%abovelast month;theaveragePSFsalepricewas$909,up0.8%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$909 $783,177 $680,000 48%

$773 $669,825 $588,400 51%

$902 $773,892 $685,000 77%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2021 ● APR 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

5,628

5,830

6,051

5,302

6,001

5,103

4,678

4,072

4,617

3,620

4,073

3,17

2,829

2,980

2,363 2,441

2,230

2,966

2,769

2,401

2,382

2,249

2,234

2,192

2,007

1,732

$695K

$685K

$680K

$670K

$628K

$620K

$608K

$598K

$588K

$590K

$583K

$574K

$575K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

1400

35 1

1200

4+bdrms

1000

800

149

62% 61%

3bdrms

517

49%

600

41%

39%

400

29%

1,211

2bdrms

17%

2,661

13%

200

0

888

<$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

164 68 41%

1,081 666 62%

1,296 788 61%

786 389 49%

394 155 39%

292 84 29%

317 55 17%

348 44 13%

1,465

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 7 ●

greatervancouverboardarea DETACHED-APRIL 202

SALESTO LISTINGSRATIO 26% SELLERS'MARKET

▶ MARKETSUMMARY Therewere3,714detachedlistingsintheGreater VancouverboardareainApril,14%aboveMarchand 15%lowerthanApril2021. Aprildetachedhomesalesdecreasedby26% month-over-month,to959,andwere42%belowApril 2021. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at26%,reflectedaselers'market.

AVERAGEPRICE

MEDIANPRICE

SALES

TOTALLISTINGS

▲ 17% VS2021

▲ 18% VS2021

▼ 15% VS2021

▼ 42% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

26% 959 3,714

1,652 4,387

17% 18% -31% -42% -15%

1,300 3,254

1.9% -0.1% -35% -26% 14%

ThedetachedmedianpriceinAprilwas$1,999,000,a 0.1%decreasefromMarchand18%aboveApril2021.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$2,277,624 $2,000,000 40%

$1,974,888 $1,700,000 38%

Theaveragesoldpricewas$2,319,849,1.9%abovelast monthandup17%toApril2021.

$2,319,849 $1,999,000

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

4,523

4,739

4,387

3,656

1.87

4,051

3,714

1.82

3,254

3,688

1.74

2,875

2,799

3,180

1.59

1.52

1.46

2,264

2,21

1,652

1,300

1,264

1,092

1,010

985

1,421

959

1,044

935

950

793

625

$2.00M $2.01M

$1.99M

$2.00M

$1.85M

$1.85M

$1.76M

$1.70M

$1.67M

$1.65M

$1.63M

$1.63M

$1.61M

Apr-21

Mar-22

Apr-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

1600

1400

1200

1000

59%

800

55%

52%

43%

600

38%

38%

35%

400

23%

11%

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+ 1,459 163 11%

S-LRATIO SALES INVENTORY

28 12 43%

22 13 59%

55 30 55%

69 36 52%

271 95 35%

781 295 38%

517 197 38%

512 118 23%

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

8

greatervancouverboardarea TOWNHOME-APRIL 202

SALESTO LISTINGSRATIO 55% SELLERS'MARKET

▶ MARKETSUMMARY Therewere921townhomelistingsintheGreater VancouverboardareainApril,22%aboveMarchand 15%lowerthanApril2021. Apriltownhomesalesdecreasedby20% month-over-month,to503,andwere39%belowApril 2021. Thesales-to-listingratiofortownhomesintheGreater Vancouverboardarea,at55%,reflectedaselers'market. ThetownhomemedianpriceinAprilwas$1,100,000,a 4%decreasefromMarchand22%aboveApril2021. Theaveragesoldpricewas$1,139,503,3%belowlast month;theaveragePSFsalepricewas$812,down0.6% tolastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 20% VS2021

TOTALLISTINGS

MEDIANPRICE

SALES

▲ 18% VS2021

▲ 22% VS2021

▼ 15% VS2021

▼ 39% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 83% 629 755

%Change

TOTALLISTINGS TOTALSALES

55% 503 921

76% 830 1,088

20% 18% 22% -28% -39% -15%

-0.6% -3% -4% -34% -20% 22%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$812 $1,139,503 $1,100,000

$817 $1,176,492 $1,149,000

$677 $967,581 $905,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2021 ● APR 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

1,088

1,123 1,123

921

964

792

830

825

623

755

597

599

692

667

500

629

503

387

508

502

493

477

467

446

365

284

$1.15M $1.10M

$1.10M

$1.10M

$995K

$969K

$960K

$945K

$905K

$900K

$899K

$899K

$893K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

80

200

4+bdrms

152

73%

150

66%

297

62%

57% 55%

3bdrms

55%

529

100

41%

112

2bdrms

50

212

14%

0

14

<$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

7 4 57%

22 12 55%

95 69 73%

221 121 55%

173 114 66%

188 117 62%

134 55 41%

81 11 14%

28

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 9 ●

greatervancouverboardarea CONDO-APRIL 202

SALESTO LISTINGSRATIO 46% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 16% VS2021

TOTALLISTINGS

MEDIANPRICE

SALES

▲ 15% VS2021

▲ 15% VS2021

▼ 18% VS2021

▼ 26% VS2021

Therewere3,682condolistingsintheGreater VancouverboardareainApril,14%aboveMarchand 18%lowerthanApril2021. Aprilcondosalesdecreasedby27%month-over-month, to1,695,andwere26%belowApril2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at46%,reflectedaselers'market.

TOTALLISTINGS TOTALSALES

1,695 3,682

2,283 4,486

16% 15% 15% -10% -26% -18%

2,313 3,225

1.1% 0.9% -0.7% -36% -27% 14%

ThecondomedianpriceinAprilwas$735,000,a0.7% decreasefromMarchand15%aboveApril2021. Theaveragesoldpricewas$841,291,0.9%abovelast month;theaveragePSFsalepricewas$979,up1.1%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$979 $841,291 $735,000 46%

$843 $729,371 $638,000 51%

$969 $834,006 $740,000 72%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2021 ● APR 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

4,397

4,486

4,780

4,714

4,465

4,166

3,412

3,682

3,838

2,856

3,225

2,313

2,048

2,283

2,546

1,863

1,808 1,827

2,396

1,695

1,785

1,678

1,632

1,630

1,464

1,316

$740K

$735K

$735K

$725K

$680K

$668K

$650K

$655K

$655K

$645K

$638K

$635K

$635K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

1000

35 1

4+bdrms

800

65% 62%

600

119

3bdrms

455

49%

400

40%

33%

29%

884

2bdrms

17%

200

2,037

12%

0

691

<$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

91 30 33%

581 375 65%

980 612 62%

729 357 49%

368 146 40%

279 81 29%

309 53 17%

345 41 12%

1,155

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 10 ●

fraservaleyboardarea DETACHED-APRIL 202

SALESTO LISTINGSRATIO 24% SELLERS'MARKET

▶ MARKETSUMMARY Therewere2,581detachedlistingsintheFraserValey boardareainApril,16%aboveMarchand12%lower thanApril2021. Aprildetachedhomesalesdecreasedby40% month-over-month,to612,andwere56%belowApril 2021. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at24%,reflectedaselers'market.

AVERAGEPRICE

MEDIANPRICE

SALES

TOTALLISTINGS

▲ 18% VS2021

▲ 20% VS2021

▼ 12% VS2021

▼ 56% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

24% 612 2,581

1,382 2,944

18% 20% -49% -56% -12%

1,025 2,227

-48% -40% 16%

ThedetachedmedianpriceinAprilwas$1,614,500,a5% decreasefromMarchand20%aboveApril2021.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,831,423 $1,700,000 46%

$1,493,039 $1,342,500 47%

Theaveragesoldpricewas$1,762,961,4%belowlast monthandup18%toApril2021.

-4% -5%

$1,762,961 $1,614,500

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

2,944

2,584

2,828

2,581

2,227

1.84

1.79

1.77

2,185

1,788

1.67

1,741

1.62

1.61

1,843

1,321

1,306

1,382

1,514

1,025

909

841

807

1,054

959

850

777

744

744

696

612

523

$1.78M

$1.75M

$1.70M

$1.61M

$1.58M

$1.56M

$1.45M

$1.41M

$1.36M

$1.34M

$1.33M

$1.31M

$1.29M

Apr-21

Mar-22

Apr-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

800

600

46%

400

40%

34%

33%

29%

25%

25%

200

12%

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+

S-LRATIO SALES INVENTORY

63 25 40%

12 4 33%

41 14 34%

155 71 46%

421 121 29%

895 225 25%

333 84 25%

252 30 12%

409 38 9%

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

11

fraservaleyboardarea TOWNHOME-APRIL 202

SALESTO LISTINGSRATIO 36% SELLERS'MARKET

▶ MARKETSUMMARY Therewere1,084townhomelistingsintheFraserValey boardareainApril,17%aboveMarchand24%higher thanApril2021. Apriltownhomesalesdecreasedby37% month-over-month,to392,andwere48%belowApril 2021. Thesales-to-listingratiofortownhomesintheFraser Valeyboardarea,at36%,reflectedaselers'market. ThetownhomemedianpriceinAprilwas$913,500,a4% decreasefromMarchand25%aboveApril2021. Theaveragesoldpricewas$933,310,4%belowlast month;theaveragePSFsalepricewas$583,down5%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 24% VS2021

TOTALLISTINGS

MEDIANPRICE

SALES

▲ 26% VS2021

▲ 25% VS2021

▲ 24% VS2021

▼ 48% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 87% 759 872

%Change

No. 68% 625 925

%Change

TOTALLISTINGS TOTALSALES

36% 392 1,084

24% 26% 25% -58% -48% 24%

-46% -37% 17%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$583 $933,310 $913,500

$611 $968,123 $949,900

-5% -4% -4%

$470 $738,174 $728,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2021 ● APR 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

1,084

925

846

759 872

787

710

706

628

625

552

514 509

438

567

416

512

479

320

447

448

409

392

376

290

200

$970K

$950K

$930K

$914K

$870K

$824K

$786K

$765K

$735K

$728K

$725K

$729K

$720K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

500

82

4+bdrms

300

400

73%

203

300

3bdrms

54%

565

41%

200

36%

30%

29%

104

21%

2bdrms

100

216

0

3 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

14 3 21%

37 20 54%

236 71 30%

495 179 36%

218 90 41%

73 21 29%

11 8 73%

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 12 ●

fraservaleyboardarea CONDO-APRIL 202

SALESTO LISTINGSRATIO 55% SELLERS'MARKET

▶ MARKETSUMMARY Therewere996condolistingsintheFraserValeyboard areainApril,17%aboveMarchand26%lowerthanApril 2021. Aprilcondosalesdecreasedby31%month-over-month, to550,andwere20%belowApril2021.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 28% VS2021

TOTALLISTINGS

MEDIANPRICE

SALES

▲ 28% VS2021

▲ 26% VS2021

▼ 26% VS2021

▼ 20% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 95% 802 848

%Change

Thesales-to-listingratioforcondosintheFraserValey boardarea,at55%,reflectedaselers'market.

TOTALLISTINGS TOTALSALES

55% 550 996

51% 689 1,344

29% 29% 26% 8% -20% -26%

-1.8% 1.2% -0.6% -42% -31% 17%

ThecondomedianpriceinAprilwas$566,300,a0.6% decreasefromMarchand26%aboveApril2021. Theaveragesoldpricewas$606,584,1.2%abovelast month;theaveragePSFsalepricewas$695,down1.8% tolastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$695 $606,584 $566,300

$708 $599,520 $570,000

$539 $470,069 $449,900

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2021 ● APR 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

1,271

1,344

1,163

1,287

996

905

848

778

937 598

764

660

802

689

779

542

614

614

562

555

555

550

517

415

420

373

$572K

$570K

$564K

$566K

$529K

$510K

$481K

$473K

$465K

$450K

$450K

$450K

$446K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

500

100%

4+bdrms

400

30

300

58% 55% 55%

3bdrms

62

49%

200

35%

324

25% 25%

2bdrms

100

624

0

196

<$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

73 36 49%

500 290 58%

316 175 55%

58 32 55%

26 9 35%

12 3 25%

8 2 25%

3 3 100%

310

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 13 ●

burnabynorth DETACHED-APRIL 202

SALESTO LISTINGSRATIO 41% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIANPRICE

SALES

TOTALLISTINGS

▲ 22% VS2021

▲ 21% VS2021

▼ 41% VS2021

▼ 50% VS2021

Therewere93detachedlistingsinBurnabyNorthin April,7%aboveMarchand41%lowerthanApril2021. Aprildetachedhomesalesdecreasedby5% month-over-month,to38,andwere50%belowApril 2021. Thesales-to-listingratiofordetachedinBurnabyNorth, at41%,reflectedaselers'market.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

38 93

$1,876,330 $1,795,000 48% 76 157

22% 21% -16% -50% -41%

40 87

-3% -5% -11% -5% 7%

ThedetachedmedianpriceinAprilwas$2,177,500,a5% decreasefromMarchand21%aboveApril2021.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$2,281,365 $2,177,500 41%

$2,360,801 $2,295,500 46%

Theaveragesoldpricewas$2,281,365,3%belowlast monthandup22%toApril2021.

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

154

157

161

2.42

2.24

121

100

2.20

87

105

93

80

76

84

64

59

53

45

61

38

33

48

38

47

1.36

40

1.31

1.27

32

30

27

17

$2.30M $2.12M $2.17M

$2.18M

$1.99M

$1.92M

$1.93M

$1.80M

$1.81M

$1.82M

$1.78M

$1.70M

$1.68M

Apr-21

Mar-22

Apr-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

25

20

15

52%

52%

10

27%

23%

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

0 1 n/a

27 14 52%

25 13 52%

15 4 27%

26 6 23%

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

14

burnabynorth TOWNHOME-APRIL 202

SALESTO LISTINGSRATIO 52% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 7% VS2021

TOTALLISTINGS

MEDIANPRICE

SALES

▲ 18% VS2021

▲ 24% VS2021

▼ 56% VS2021

▼ 76% VS2021

Therewere23townhomelistingsinBurnabyNorthin April,44%aboveMarchand57%lowerthanApril2021. Apriltownhomesalesdecreasedby64% month-over-month,to12,andwere76%belowApril 2021. Thesales-to-listingratiofortownhomesinBurnaby North,at52%,reflectedaselers'market. ThetownhomemedianpriceinAprilwas$989,400,a4% increasefromMarchand24%aboveApril2021. Theaveragesoldpricewas$967,050,3%abovelast month;theaveragePSFsalepricewas$675,down10% tolastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

12 23

51 54

7% 18% 24% -45% -76% -57%

33 16

-10% 3% 4% -75% -64% 44%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$675 $967,050 $989,400 52%

$629 $821,330 $800,000 94%

$748 $936,237 $950,000 206%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2021 ● APR 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

64

54

54

57

51

38

37

34

33

33

40

26

33

25

23

18

18

25

24

23

18

17

16

12

12

1

$989K

$950K

$919K

$905K

$896K

$883K

$857K

$847K

$800K

$789K

$775K

$750K

$750K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

8

1

100%+

4+bdrms

6

67%

8

3bdrms

13

4

50%

3

2

2bdrms

10

13%

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

0 2 n/a

8 1 13%

8 4 50%

2 3 150%

3 2 67%

2 0 n/a

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 15 ●

burnabynorth CONDO-APRIL 202

SALESTO LISTINGSRATIO 39% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 18% VS2021

TOTALLISTINGS

MEDIANPRICE

SALES

▲ 18% VS2021

▲ 19% VS2021

▲ 4% VS2021

▼ 38% VS2021

Therewere286condolistingsinBurnabyNorthinApril, 43%aboveMarchand4%higherthanApril2021.

Aprilcondosalesdecreasedby38%month-over-month, to112,andwere38%belowApril2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 66% 182 275

%Change

No. 90% 180 200

%Change

Thesales-to-listingratioforcondosinBurnabyNorth,at 39%,reflectedaselers'market.

TOTALLISTINGS TOTALSALES

39% 112 286

18% 18% 19% -41% -38% 4%

-56% -38% 43%

ThecondomedianpriceinAprilwas$729,000,a3% decreasefromMarchand19%aboveApril2021. Theaveragesoldpricewas$751,767,4%belowlast month;theaveragePSFsalepricewas$926,down2.0% tolastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$926 $751,767 $729,000

$945 $783,467 $750,000

-2% -4% -3%

$788 $635,244 $613,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● APR 2021 ● APR 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

286

284

304

302

297

275

290

208

200

230

176

167

182

180

132

127

124

160

145

143

17

13 13

12

104

101

$778K

$750K

$729K

$693K

$700K

$665K

$655K

$650K

$644K

$613K

$612K

$617K

$615K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

100

4+bdrms

80

3

60

3bdrms

56%

21

46%

38%

40

71

21%

2bdrms

20

193

11%

10%

0

38

<$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

1 0 n/a

66 25 38%

103 47 46%

59 33 56%

28 3 11%

14 3 21%

10 1 10%

5 0 n/a

72

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 16 ●

burnabysouth DETACHED-APRIL 202

SALESTO LISTINGSRATIO 34% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIANPRICE

SALES

TOTALLISTINGS

▲ 13% VS2021

▲ 24% VS2021

▼ 45% VS2021

▼ 39% VS2021

Therewere111detachedlistingsinBurnabySouthin April,0.9%belowMarchand45%lowerthanApril2021. Aprildetachedhomesalesincreasedby19% month-over-month,to38,andwere39%belowApril 2021. Thesales-to-listingratiofordetachedinBurnabySouth, at34%,reflectedaselers'market.

THISMONTH No. $2,272,600 $2,206,000 34% 38 111

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

$2,007,949 $1,779,000 31% 62 201

13% 24% 11% -39% -45%

$2,400,406 $2,210,000 29% 32 112

-5% -0.2% 20% 19% -0.9%

ThedetachedmedianpriceinAprilwas$2,206,000,a 0.2%decreasefromMarchand24%aboveApril2021.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

Theaveragesoldpricewas$2,272,600,5%belowlast monthandup13%toApril2021.

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

212

189

201

2.20

148

2.09

164

128

1.99

153

12

100

11

80

76

1.48

55

52

62

44

42

40

66

1.32

38

1.31

38

39

38

32

31

24

$2.48M

$2.21M

$2.21M

$2.02M

$2.04M

$2.00M

$1.91M

$1.93M

$1.86M

$1.83M

$1.78M

$1.75M

$1.73M

Apr-21

Mar-22

Apr-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

35

30

25

20

58%

15

41%

10

29%

14%

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

2 0 n/a

32 13 41%

24 14 58%

24 7 29%

29 4 14%

Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

17

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