the rennie review - February 2022

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

published February 2022

table of contents

02 INTRO 03 WHAT YOU NEED TO KNOW 04 FEATURED LISTINGS

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.

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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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

2021’s market dynamics spill into January

Sure, total listings in the Vancouver Region rose for the first time in seven months, but where did they rise to? The second-lowest monthly total ever recorded in the region, that’s where, as buyers continue to face a scarcity of options in the local housing market.

demand being satisfied. Regardless, the region’s housing market continues to be characterized by the persistence of conditions that overwhelmingly favour sellers, and has for the past 2 years. These market conditions once again brought about substantial price growth in January. On the heels of an average increase in the benchmark price across the region of 23% in 2021, January brought an additional increase of 3%. Inflating values were again led by the Fraser Valley board area, where the benchmark price rose by 3.6% last month, compared with the Greater Vancouver board area, which saw its benchmark price increase by “only” 2.0% in January. The early supply-side returns for February reveal a similar pattern to January, with the total listing count inching upwards. Given where we started the year and the pace of increases to-date, it will likely require many, many months before inventory returns to levels typically associated with a balanced market (that is, listings in the neighbourhood of 20,000).

In many ways, our local housing market began 2022 where it left off in 2021, creating conditions that continue to strongly favour sellers. And while there may have been a much needed directional change when it comes to the total inventory level in the region, supply continues to be constrained at a historically low level. Specifically, the total number of homes for sale actually rose in January (by 9%)—the first time a month-over-month increase had been seen in seven months. This increase in inventory, however, only brought total listings up to 7,347 by the end of the month, a level that was 38% lower than in January 2021, and that saddled January 2022 with the second-lowest inventory count recorded in any month in the Vancouver Region (the data goes back to 1989). Put slightly differently, even with a growing listing count in January, we weren’t able to get back to

the previous record low that existed prior to December 2021. As we look ahead, it’s worth noting that the typical seasonal pattern in the early part of the year is one of rising inventory. Our region, however, is starting from a point where it is so dramatically supply- constrained that a single month of rising listings—a positive sign, no doubt—is simply not enough to alter overall market dynamics. Sales in January, while 11% lower than one year ago, remain elevated in a broader sense, with last month’s 3,555 MLS transactions being 32% higher than the past 10-year January average. With a small but notable influx of new listings last month, some buyers would have had, at the margin, a few additional options available to them, resulting in some previously frustrated

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

House

The Bridge

House

$22,800,000 | WEST VAN

$6,188,000 | FALSE CREEK 1005 - 1616 Columbia Street 2 Bed, 2,600 SF

$4,999,000 | MT. PLEASANT

166 28th Street 6 Bed, 5,933 SF

516 East 20th Avenue 4 Bed, 3,195 SF

Jason Soprovich 604.817.8812

Brandon Blue PREC* 604.999.7792

Diana Kim 604.771.5656

House

Sails Village

$4,299,000 | MAPLE RIDGE

$3,999,900 | MISSION 29622 Dewdney Trunk Road 4 Bed + Den, 5,828 SF Rob Breckwoldt PREC* 604.459.7778

$3,480,000 | FALSE CREEK 1402 - 1661 Ontario Street 3 Bed, 1,986 SF

12362 238th Street 7 Bed, 5,081 SF Charlie Kim PREC* 604.767.1531

Miguel Faulkner 778.866.2260

The Pacific

House

The Willow

$3,329,900 | DOWNTOWN

$2,998,000 | DUNBAR 4073 W. 33rd Avenue 4 Bed, 1,733 SF Brandan Price PREC* 604.765.9555

$2,479,900 | SOUTH CAMBIE

2303 - 889 Pacific Street 3 Bed + Flex, 1,576 SF Deanna Lythgo PREC* 778.840.3170

770 W 27th Avenue 3 Bed, 1,382 SF Jenna Van Alstine 778.558.3355

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

Shangri-La

Hunter

$1,599,000 | DOWNTOWN 1808 - 1111 Alberni Street 2 Bed, 1,142 SF

$1,349,900 | NORTH VAN

Th2 1479 Hunter Street 2 Bed + Den, 1,547 SF

Jane Chu PREC* 778.886.3303

Tina Baloochestany PREC* 778.987.3697

Danny Chow PREC* 604.765.2469

Altus

Cascade City

Everly Green $899,000 | LANGLEY 69 - 8217 204b Street 3 Bed, 1,516 SF Mike Ross 778.987.8874 Riversky 2 $599,900 | NEW WEST 1705 - 988 Quayside Drive 2 Bed, 736 SF

$1,060,900 | WHITE ROCK 1002 - 1526 Finlay Street 2 Bed, 1,086 SF

$912,900 | RICHMOND 605 - 5788 Gilbert Road 2 Bed, 869 SF

Joanne Hoekstra 604.722.6645

Hanson Lu PREC* 604.787.2578

Eight.One.Nine $819,000 | DOWNTOWN 206 - 819 Hamilton Street 2 Bed, 863 SF Christopher Boyd PREC* 604.351.0533

The Maddox

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

Andy Mah PREC* 604.779.9382

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 February 8, 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-JANUARY 202

SALESTO LISTINGSRATIO 35% SELLERS'MARKET

▶ MARKETSUMMARY Therewere3,318detachedlistingsintheVancouver RegioninJanuary,6%aboveDecemberand22%lower thanJanuary2021. Januarydetachedhomesalesdecreasedby23% month-over-month,to1,155,andwere22%below January2021. Thesales-to-listingratiofordetachedintheVancouver Region,at35%,reflectedaselers'market. ThedetachedmedianpriceinJanuarywas$1,850,000,a 9%increasefromDecemberand38%aboveJanuary 2021. Theaveragesoldpricewas$2,124,345,8%abovelast monthandup33%toJanuary2021.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 33% VS2021

▲ 38% VS2021

▼ 22% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

1,155 3,318

1,487 4,281

33% 38% 0.2% -22% -22%

1,492 3,120

-27% -23% 6%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$2,124,345 $1,850,000 35%

$1,971,851 $1,690,238 48%

$1,602,206 $1,345,000 35%

8% 9%

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

7,567

7,107

7,331

5,965

1.96

5,397

6,236

1.88

1.87

5,531

4,181

4,281

4,694

4,502

3,503

1.51

1.46

3,318

2,749

3,120

1.32

3,039

1,881

1,795

2,417

2,227

1,487

1,899

1,790

1,697

1,155

1,492

$1.85M

$1.69M

$1.60M

$1.54M

$1.50M

$1.48M $1.41M

$1.48M

$1.45M

$1.46M

$1.45M

$1.35M

Jan-21

Dec-21

Jan-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

1400

1200

1000

75%

800

54%

49%

48%

600

44%

29%

400

26%

200

10%

<$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+ 1,339 139 10%

S-LRATIO SALES INVENTORY

65 31 48%

24 7 29%

48 21 44%

97 52 54%

265 130 49%

588 442 75%

445 215 48%

447 118 26%

Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

●

vancouverregion TOWNHOME-JANUARY 202

SALESTO LISTINGSRATIO 75% SELLERS'MARKET

▶ MARKETSUMMARY Therewere766townhomelistingsintheVancouver RegioninJanuary,30%aboveDecemberand52%lower thanJanuary2021. Januarytownhomesalesdecreasedby26% month-over-month,to576,andwere30%belowJanuary 2021. Thesales-to-listingratiofortownhomesintheVancouver Region,at75%,reflectedaselers'market. ThetownhomemedianpriceinJanuarywas$988,500,a 10%changefromDecemberand44%aboveJanuary 2021. Theaveragesoldpricewas$1,034,422,8%abovelast month;theaveragePSFsalepricewas$696,up6%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 40% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 38% VS2021

▲ 44% VS2021

▼ 52% VS2021

▼ 30% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 783 587

%Change

TOTALLISTINGS TOTALSALES

75% 576 766

52% 826 1,583

40% 38% 44% 44% -30% -52%

6% 8% 10% -44% -26% 30%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$656 $958,294 $900,000 133%

$696 $1,034,422 $988,500

$497 $750,860 $684,499

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JAN 2021 ● JAN 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

1,960

1,969

1,670

1,674

1,663

1,910

1,591

1,583

1,430

1,400

1,306

1,193

1,390

1,377

1,076

973

942

783

1,013

1,002

987

926

576 766

826

587

$989K

$900K

$880K

$845K

$833K

$785K

$790K

$780K

$781K

$775K

$781K

$720K

$684K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

250

136

100%+

4+bdrms

142

200

81%

79%

74%

305

150

3bdrms

406

51%

100

36%

129

26%

2bdrms

16%

206

<$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

19 5 26%

27 22 81%

139 71 51%

254 201 79%

105 174 166%

86 64 74%

85 31 36%

51 8 16%

Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 6 ●

vancouverregion CONDO-JANUARY 202

SALESTO LISTINGSRATIO 59% SELLERS'MARKET

▶ MARKETSUMMARY Therewere2,965condolistingsintheVancouverRegion inJanuary,7%aboveDecemberand47%lowerthan January2021. Januarycondosalesdecreasedby13% month-over-month,to1,740,andwere12%above January2021. Thesales-to-listingratioforcondosintheVancouver Region,at59%,reflectedaselers'market. ThecondomedianpriceinJanuarywas$670,400,a7% changefromDecemberand24%aboveJanuary2021. Theaveragesoldpricewas$750,543,7%abovelast month;theaveragePSFsalepricewas$875,up6%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 20% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 19% VS2021

▲ 24% VS2021

▼ 47% VS2021

▲ 12% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

1,740 2,965

1,560 5,595

20% 19% 24% 110% 12% -47%

2,009 2,768

-19% -13% 7%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$875 $750,543 $670,400 59%

$726 $628,823 $542,000 28%

$824 $703,450 $627,500 73%

6% 7% 7%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JAN 2021 ● JAN 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

5,628

5,302

6,001 6,051

5,595

5,830

5,402

5,355

5,103

4,071

4,616

3,507

2,829

2,965

2,441

2,363

2,980

2,230

2,768

2,435

2,402

2,234

2,193

2,009 1,740

1,560

$670K

$628K

$620K

$608K

$598K

$588K

$590K

$585K

$583K

$574K

$575K

$550K

$542K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

700

4+bdrms

600

91% 88%

500

68%

106

400

3bdrms

402

46%

300

32%

200

1,013

22%

2bdrms

16%

1,589

100

612

<$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

162 75 46%

578 525 91%

691 605 88%

480 328 68%

301 96 32%

225 50 22%

232 37 16%

296 24 8%

941

Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 7 ●

greatervancouverboardarea DETACHED-JANUARY 202

SALESTO LISTINGSRATIO 28% SELLERS'MARKET

▶ MARKETSUMMARY Therewere2,264detachedlistingsintheGreater VancouverboardareainJanuary,2%aboveDecember and18%lowerthanJanuary2021. Januarydetachedhomesalesdecreasedby21% month-over-month,to626,andwere15%belowJanuary 2021. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at28%,reflectedaselers'market. ThedetachedmedianpriceinJanuarywas$1,990,400,a 8%increasefromDecemberand31%aboveJanuary 2021. Theaveragesoldpricewas$2,308,718,6%abovelast monthandup27%toJanuary2021.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 27% VS2021

▲ 31% VS2021

▼ 18% VS2021

▼ 15% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

28% 626 2,264

27% 738 2,761

27% 31% 3% -15% -18%

36% 793 2,211

-23% -21% 2%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$2,174,193 $1,850,000

6% 8%

$2,308,718 $1,990,400

$1,824,182 $1,519,000

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

4,523

4,739

4,387

3,661

3,656

1.92

4,051

1.90

1.81

3,688

2,875

3,180

2,761

2,905

1.55

1,960

2,264

1.45

1,652

2,21

1.36

1,264

1,093

985

1,422

1,222

738

1,044

936 950

626

793

$1.99M

$1.85M

$1.76M

$1.70M

$1.67M

$1.65M $1.60M

$1.63M

$1.65M

$1.61M

$1.52M

Jan-21

Dec-21

Jan-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

1000

800

64%

57%

600

52%

41%

400

32%

25%

200

<$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+ 1,067 101 9%

S-LRATIO SALES INVENTORY

22 14 64%

19 6 32%

29 15 52%

40 23 58%

123 50 41%

329 210 64%

301 124 41%

334 83 25%

●

greatervancouverboardarea TOWNHOME-JANUARY 202

SALESTO LISTINGSRATIO 64% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 28% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 30% VS2021

▲ 40% VS2021

▼ 50% VS2021

▼ 21% VS2021

Therewere446townhomelistingsintheGreater VancouverboardareainJanuary,15%aboveDecember and50%lowerthanJanuary2021. Januarytownhomesalesdecreasedby22% month-over-month,to285,andwere21%belowJanuary 2021. Thesales-to-listingratiofortownhomesintheGreater Vancouverboardarea,at64%,reflectedaselers'market. ThetownhomemedianpriceinJanuarywas$1,099,900, a13%changefromDecemberand40%aboveJanuary 2021. Theaveragesoldpricewas$1,142,186,7%abovelast month;theaveragePSFsalepricewas$789,up5%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 40% 362 896

%Change

No. 95% 366 387

%Change

TOTALLISTINGS TOTALSALES

64% 285 446

29% 30% 40% 58% -21% -50%

5% 7% 13% -32% -22% 15%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$789 $1,142,186 $1,099,900

$752 $1,062,858 $970,900

$614 $878,136 $785,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JAN 2021 ● JAN 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

1,029

1,123 1,123

1,088

882

830

896

964

792

899

825

667

623

597

692

500

493

601

387

446

508

502

477

366

362

285

$1.10M

$995K

$971K

$960K

$945K

$900K

$905K

$900K

$899K

$890K

$893K

$899K

$785K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

100

100%+

4+bdrms

76%

75%

150

3bdrms

244

42%

37%

27%

2bdrms

16%

127

<$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

11 3 27%

9 13 144%

53 22 42%

92 69 75%

72 82 114%

76 58 76%

82 30 37%

51 8 16%

Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 9 ●

greatervancouverboardarea CONDO-JANUARY 202

SALESTO LISTINGSRATIO 52% SELLERS'MARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 17% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 17% VS2021

▲ 21% VS2021

▼ 41% VS2021

▲ 11% VS2021

Therewere2,545condolistingsintheGreater VancouverboardareainJanuary,6%aboveDecember and41%lowerthanJanuary2021. Januarycondosalesdecreasedby10% month-over-month,to1,321,andwere11%above January2021. Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at52%,reflectedaselers'market. ThecondomedianpriceinJanuarywas$725,000,a7% changefromDecemberand21%aboveJanuary2021. Theaveragesoldpricewas$806,031,6%abovelast month;theaveragePSFsalepricewas$936,up6%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

1,321 2,545

1,189 4,288

17% 17% 21% 87% 11% -41%

1,464 2,395

-15% -10% 6%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$936 $806,031 $725,000 52%

$799 $689,841 $598,000 28%

$886 $760,685 $680,000 61%

6% 6% 7%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JAN 2021 ● JAN 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

4,486

4,397

4,714 4,780

4,288

4,465

4,210

4,165

4,166

3,41

3,837

2,689

2,545

2,048

1,827

1,808

2,395

2,283

1,786

1,766

1,678

1,632 1,631

1,189

1,464 1,321

$725K

$680K

$668K

$655K

$650K

$645K

$637K

$638K

$635K

$619K

$598K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

600

4+bdrms

500

80% 78%

400

69%

3bdrms

369

300

40%

32%

200

754

22%

2bdrms

16%

1,354

100

475

<$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

90 36 40%

390 311 80%

594 463 78%

452 311 69%

282 91 32%

218 48 22%

225 37 16%

294 24 8%

792

Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 10 ●

fraservaleyboardarea DETACHED-JANUARY 202

SALESTO LISTINGSRATIO 50% SELLERS'MARKET

▶ MARKETSUMMARY Therewere1,054detachedlistingsintheFraserValey boardareainJanuary,16%aboveDecemberand31% lowerthanJanuary2021. Januarydetachedhomesalesdecreasedby25% month-over-month,to525,andwere29%belowJanuary 2021. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at50%,reflectedaselers'market. ThedetachedmedianpriceinJanuarywas$1,750,000,a 10%increasefromDecemberand43%aboveJanuary 2021. Theaveragesoldpricewas$1,912,907,10%abovelast monthandup38%toJanuary2021.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 38% VS2021

▲ 43% VS2021

▼ 31% VS2021

▼ 28% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 77% 696 909

%Change

TOTALLISTINGS TOTALSALES

50% 525 1,054

49% 742 1,520

38% 43% 2% -29% -31%

10% 10% -35% -25% 16%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,738,522 $1,584,000

$1,912,907 $1,750,000

$1,384,671 $1,223,450

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

2,944

2,584

2,828

2,304

1.91

1.88

1.82

2,185

1,741

1.65

1,530

1,843

1.54

1,520

1,321

1,306

1,597

1,514

1,382

909

1,054

841

1,184

807

778

959

850

742

744

525

696

$1.75M

$1.58M

$1.56M

$1.45M

$1.41M

$1.36M

$1.33M $1.28M

$1.34M

$1.33M

$1.31M

$1.29M

$1.22M

Jan-21

Dec-21

Jan-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

250

90%

200

63%

150

56%

51%

100

35%

32%

31%

20%

14%

<$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

43 15 35%

5 1 20%

19 6 32%

57 29 51%

142 79 56%

259 232 90%

144 90 63%

113 35 31%

272 38 14%

●

fraservaleyboardarea TOWNHOME-JANUARY 202

SALESTO LISTINGSRATIO 91% SELLERS'MARKET

▶ MARKETSUMMARY Therewere320townhomelistingsintheFraserValey boardareainJanuary,60%aboveDecemberand53% lowerthanJanuary2021. Januarytownhomesalesdecreasedby30% month-over-month,to291,andwere37%belowJanuary 2021. Thesales-to-listingratiofortownhomesintheFraser Valeyboardarea,at91%,reflectedaselers'market. ThetownhomemedianpriceinJanuarywas$930,000,a 7%changefromDecemberand45%aboveJanuary2021. Theaveragesoldpricewas$928,880,7%abovelast month;theaveragePSFsalepricewas$605,up6%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 49% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 43% VS2021

▲ 45% VS2021

▼ 53% VS2021

▼ 37% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 67% 462 687

%Change

No. 416 200

%Change

TOTALLISTINGS TOTALSALES

91% 291 320

49% 43% 45% 35% -37% -53%

-56% -30% 60%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$573 $867,662 $870,000 208%

$605 $928,880 $930,000

6% 7% 7%

$406 $651,641 $640,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JAN 2021 ● JAN 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

786

787

775

872

846

710

687

759

706

552

641

514

509

567

438

531

416

512

479

462

448

320

409

376

291

200

$930K

$870K

$824K

$786K

$765K

$728K

$729K

$735K

$720K

$725K

$705K

$660K

$640K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

77 78

100%+

150

4+bdrms

81%

100

155

60%

57%

3bdrms

162

50%

33%

25%

2bdrms

<$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 2 25%

18 9 50%

86 49 57%

162 132 81%

33 92 279%

10 6 60%

3 1 33%

Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 12 ●

fraservaleyboardarea CONDO-JANUARY 202

SALESTO LISTINGSRATIO 100% SELLERS'MARKET

▶ MARKETSUMMARY Therewere420condolistingsintheFraserValeyboard areainJanuary,13%aboveDecemberand68%lower thanJanuary2021. Januarycondosalesdecreasedby23% month-over-month,to418,andwere13%aboveJanuary 2021. Thesales-to-listingratioforcondosintheFraserValey boardarea,at100%,reflectedaselers'market. ThecondomedianpriceinJanuarywas$563,143,a7% changefromDecemberand36%aboveJanuary2021. Theaveragesoldpricewas$575,324,5%abovelast month;theaveragePSFsalepricewas$682,up4%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 39% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 34% VS2021

▲ 36% VS2021

▼ 68% VS2021

▲ 13% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 544 373

%Change

TOTALLISTINGS TOTALSALES

418 420

28% 369 1,307

39% 34% 36% 253% 13% -68%

-32% -23% 13%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$682 $575,324 $563,143 100%

$657 $549,812 $528,750 146%

4% 5% 7%

$489 $429,559 $415,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JAN 2021 ● JAN 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

1,344

1,271

1,307

1,163

1,287

1,192

1,190

905

806

778

937 598

666

660

779

544

689

614

562

555

420

418

369

373

$563K

$529K

$510K

$481K

$473K

$465K

$450K

$446K

$438K

$430K

$415K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

3 1

100%+ 100%+

200

4+bdrms

150

61%

3bdrms

54%

100

258

26% 29%

2bdrms

235

137

<$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

72 39 54%

188 214 114%

97 141 145%

28 17 61%

19 5 26%

7 2 29%

7 0 n/a

2 0 n/a

149

Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 13 ●

burnabynorth DETACHED-JANUARY 202

SALESTO LISTINGSRATIO 28% SELLERS'MARKET

▶ MARKETSUMMARY Therewere61detachedlistingsinBurnabyNorthin January,3%aboveDecemberand9%lowerthanJanuary 2021. Januarydetachedhomesalesdecreasedby48% month-over-month,to17,andwere23%belowJanuary 2021. Thesales-to-listingratiofordetachedinBurnabyNorth, at28%,reflectedaselers'market. ThedetachedmedianpriceinJanuarywas$2,168,000,a 9%increasefromDecemberand44%aboveJanuary 2021. Theaveragesoldpricewas$2,448,941,14%abovelast monthandup44%toJanuary2021.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 44% VS2021

▼ 9% VS2021

▼ 23% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

17 61

22 67

44% 44% -15% -23% -9%

33 59

14% 9% -50% -48% 3%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$2,448,941 $2,168,000 28%

$2,155,733 $1,988,888 56%

$1,704,836 $1,502,500 33%

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

154

161

157

2.45

2.32

121

100

105

1.98

1.36

1.27

1.24

$2.17M

$1.99M

$1.93M

$1.92M

$1.80M $1.80M

$1.81M

$1.82M

$1.80M

$1.78M

$1.70M

$1.68M

$1.50M

Jan-21

Dec-21

Jan-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

47%

31%

23%

15%

<$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 0 n/a

16 5 31%

15 7 47%

13 2 15%

13 3 23%

●

burnabynorth TOWNHOME-JANUARY 202

SALESTO LISTINGSRATIO 67% SELLERS'MARKET

▶ MARKETSUMMARY Therewere18townhomelistingsinBurnabyNorthin January,50%aboveDecemberand49%lowerthan January2021. Januarytownhomesalesdecreasedby33% month-over-month,to12,andwere14%belowJanuary 2021. Thesales-to-listingratiofortownhomesinBurnaby North,at67%,reflectedaselers'market. ThetownhomemedianpriceinJanuarywas$886,500,a 4%changefromDecemberand17%aboveJanuary2021. Theaveragesoldpricewas$868,092,6%belowlast month;theaveragePSFsalepricewas$766,up14%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 33% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 11% VS2021

▲ 17% VS2021

▼ 49% VS2021

▼ 14% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

12 18

14 35

33% 11% 17% 67% -14% -49%

18 12

14% -6% 4% -56% -33% 50%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$766 $868,092 $886,500 67%

$577 $783,979 $760,500 40%

$669 $918,639 $856,500 150%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JAN 2021 ● JAN 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

18 12

$919K

$896K

$887K

$857K

$847K

$818K

$800K

$789K

$775K

$768K

$761K

$750K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

100%

100%+

4+bdrms

3bdrms

50%

2bdrms

20%

<$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 1 100%

5 1 20%

5 9 180%

2 1 50%

3 0 n/a

2 0 n/a

Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 15 ●

burnabynorth CONDO-JANUARY 202

SALESTO LISTINGSRATIO 63% SELLERS'MARKET

▶ MARKETSUMMARY Therewere167condolistingsinBurnabyNorthin January,15%aboveDecemberand48%lowerthan January2021. Januarycondosalesincreasedby4%month-over-month, to105,andwere9%aboveJanuary2021.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 18% VS2021

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 23% VS2021

▲ 25% VS2021

▼ 48% VS2021

▲ 9% VS2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 70% 101 145

%Change

Thesales-to-listingratioforcondosinBurnabyNorth,at 63%,reflectedaselers'market.

TOTALLISTINGS TOTALSALES

63% 105 167

$735 $597,449 $559,000 30% 96 323

18% 23% 25% 112% 9% -48%

1.1% -10% 4% 15%

ThecondomedianpriceinJanuarywas$700,000,a1.1% changefromDecemberand25%aboveJanuary2021. Theaveragesoldpricewas$735,701,5%abovelast month;theaveragePSFsalepricewas$868,up3%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$868 $735,701 $700,000

$842 $703,755 $692,500

3% 5%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JAN 2021 ● JAN 202

● SALES ● TOTALINVENTORY ● MEDIANPRICE

323

304

302

297

284

312

290

273 275 200

208

230

182

167

127 132 124

145

143

129

105

13 13

101

$700K

$693K

$665K

$650K

$655K

$650K

$644K

$617K

$615K

$613K

$612K

$598K

$559K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

100%+

95%

4+bdrms

67%

62%

3bdrms

35%

2bdrms

14%

110

<$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 4 400%

43 29 67%

42 26 62%

38 36 95%

23 8 35%

14 2 14%

6 0 n/a

Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 16 ●

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