the rennie advance - June 2023

highlights • Therewere5,038M LS salesin theVancouverRegion lastm onth,them ostin anym onth sincewe surpas ed 6,000salesin M arch 2022.Lastm onth’ssaleswerealso20% m orethan in April–a significantly biggerbum p than thetypical4% A pril-to-M ay increase.D espitethis,lastm onth’s salestotalw asstil 2% below thepast-decadeaverage. • O n am onth-over-m onth basis,detached hom esalesincreased them ost(by22%),closelyfolowed bytownhom esales(up by21%),and condosales(up by18%).Each ofthesechangesexceeded its typicalrespectivem onth-over-m onth increase. • O n ayear-over-yearbasis,salescountswereup foreach hom etype:detached hom esby33%, townhom esby16%,and condosby10%.

THERENNIEADVANCE sales

MAY 2023

4,000

+ 33% vsM ay2022

3,500

3,000

2,500

1,699

2,000

2,173 10 yrM ayAvg

1,500

1,000

DETACHED sales

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500

- 22% vs10yrM ayAvg

﹍ 10 yrM ayAverage

● May

+ 16% vsM ay2022

1,000 1,200 1,400 1,600

945

945 10 yrM ayAvg

200 400 600 800

TOWNHOME sales

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0

- vs10yrM ayAvg

﹍ 10 yrM ayAverage

● May

3,500

+ 10% vsM ay2022

3,000

2,252

2,500

2,000

1,939 10 yrM ayAvg

1,500

1,000

CONDO sales

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 500

+ 16% vs10yrM ayAvg

﹍ 10 yrM ayAverage

● May

Copyright© June1,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJune1,2023.Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.

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