the rennie review - April 2023

the rennie review DATA ! DRIVEN INSIGHTS INTO SALES, LISTINGS, & PRICING TRENDS FOR " 5 SUB ! MARKETS IN THE VANCOUVER REGION

published April 2023

table of contents

02 INTRO

03 WHAT YOU NEED TO KNOW

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.

04 FEATURED LISTINGS

NEIGHBOURHOOD PROFILES

05 08 11 14 17 20 23 26 29 32 35 38 41 44 47 48 51 53

Vancouver Region

Greater Vancouver Board Area Fraser Valley Board Area

Burnaby North Burnaby South

Coquitlam

Ryan Wyse SENIOR ANALYST rwyse@rennie.com

Ryan Berlin DIRECTOR OF INTELLIGENCE & SENIOR ECONOMIST rberlin@rennie.com

Langley

North Delta

New Westminster North Vancouver

Richmond Squamish

Surrey

Vancouver East

Vancouver Downtown

Vancouver West West Vancouver

Whistler

56 AREA MAPS

59 CURRENT PROJECTS

Copyright © 2023 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 April 4, 2023. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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

One month doesn ’ t make a trend , sure—but what about two? Benchmark prices increased in the Vancouver Region for the second consecutive month, even as borrowing costs remain elevated. The enduring sellers’ market reflects increasing sales counts against a backdrop of stagnant inventory.

months-of-inventory (MOI) measure for the Vancouver Region declined to 2.9 in March—reflecting an entrenched sellers’ market (note: a sellers’ market is denoted by 5.0 or less MOI). Furthermore, conditions now favour sellers across the markets for each home type (detached homes, townhomes, and condos). Not surprisingly and as already noted, benchmark prices increased again in March, this time by an average of 1.9% (detached home prices increased 2.4%, townhomes 2.0%, and condos 1.0%). That the Bank of Canada is likely to continue to hold its trend-setting interest rate where it is for the foreseeable future means that, going forward, there’s more macroeconomic clarity for both potential buyers and sellers. However, unless the latter group stimulates an expansion of resale housing supply, it’s more than likely that the most recent two- month upward price trend will continue for some months to come.

To put numbers to it, there were 4,022 sales in the Vancouver Region in March, which was a 50% increase from February and the first time sales surpassed the 4,000 mark since last May (and the first time above 3,000 since June). Last month’s sales count, however, was 41% lower than in March 2022, and 25% below the past 10-year March average. Inventory, meanwhile, was relatively stagnant, with March wrapping with only 11,758 homes available—a modest 3% increase from February and much less than the typical February-to-March increase of 7%. Overall, inventory now sits 25% below the long-run March average. With the pace of sales increasing alongside barely-expanding inventory, market conditions have shifted considerably in the past two months. Specifically, the

It’s now been one year since the Bank of Canada embarked on its aggressive interest rate tightening cycle, and much of the past year has been characterized by weakened housing market activity and declining prices. And so it came as a bit of a surprise to some when, in February, overall benchmark prices in the Vancouver Region increased on a month-over-month basis for the first time (with the exception of condos) since last spring. We noted in this space last month that not only was overall inventory well below typical levels, but when you dig a little deeper into the listings that are available, supply is even more constrained than it first appears. And as the market progressed through March—a typically busy month for both sales and new listings—the pace of sales did in fact quicken, while listings failed to keep pace, thereby yielding another month of price growth.

Copyright © 2023 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 April 4, 2023. 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

The Heritage

8x On The Park

$2,688,000 | WEST VAN

$2,798,000 | WEST VAN PH900 - 1689 Duchess Avenue 2 Bed, 2,440 SF

$2,679,000 | DOWNTOWN 2706 - 1111 Richards Street 3 Bed, 1,753 SF

290 Kelvin Grove Way 7 Bed, 5,185 SF

Kim Taylor 604.315.2654

Jason Soprovich 604.817.8812

Jenna Van Alstine 778.558.3355

House

House

House

$2,499,000 | WEST VAN

$2,399,900 | MAPLE RIDGE

$2,078,000 | BURNABY SOUTH

1010 Keith Road 3 Bed, 2,183 SF

26540 126 Avenue 5 Bed, 4,393 SF

7008 Dow Avenue 6 Bed, 2,919 SF Paul Y. Wong PREC* 604.716.0483

Shannon Pickering 604.812.1887

Rob Breckwoldt PREC* 604.459.7778

Beverly House at Shannon Wall Centre $1,338,000 | SOUTH GRANVILLE

Sea and Sky

House

$1,325,000 | SQUAMISH

$1,828,000 | RENFREW HEIGHTS

3445 E. 28th Avenue 5 Bed, 2,369 SF Christina Prevedoros 604.765.9034

1351 Peakside Place 4 Bed, 1,792 SF Katie McLachlan 604.213.0833

602 - 1561 W. 57th Avenue 2 Bed, 887 SF

Hanson Lu PREC* 604.787.2578

George By Marcon $1,149,000 | PORT MOODY 607 - 3038 St George Street 2 Bed, 1,135 SF

Wynwood Green $939,000 | COQUITLAM 1401 - 585 Austin Avenue 2 Bed, 920 SF

Sea and Sky

$1,172,800 | SQUAMISH

37983 Helm Way 3 Bed, 1,464 SF

Matthew Lee 778.882.2673

Shawn Wentworth PREC* 604.379.6731

Calvin Kan PREC* 604.616.8373

Savoy

Forest Ridge $899,900 | SURREY

Chimney Ridge $899,000 | SURREY 54 - 7250 144 Street 3 Bed, 1,532 SF Jessica Lozada PREC* 604.360.0025 The Columbia At Brewery District $539,800 | NEW WEST 412 - 258 Nelson’s Court 1 Bed, 653 SF Danny Chow PREC* 604.765.2469

$915,000 | CAMBIE

210 - 4240 Cambie Street 1 Bed, 664 SF

110 - 14588 Mcdougall Drive 3 Bed, 1,271 SF

Carmen Hou 604.500.7611

Brandon Blue PREC* 604.999.7792

Residences On Georgia $668,800 | WEST END 2007 - 1288 W. Georgia Street 1 Bed, 589 SF Phil Chang PREC* 604.754.6678

Ginger

$573,000 | STRATHCONA

711 - 718 Main Street 1 Bed, 667 SF

Howard Don 604.786.9998

Copyright © 2023 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 April 4, 2023. 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 -MARCH 2023

SALES TO LISTINGSRATIO 26% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere5,016 detached listingsin theVancouver Region in M arch,4% aboveFebruaryand 9% lowerthan M arch 2022. M arch detached hom esalesincreased by 58% m onth-over-m onth,to1,326,and were43% below M arch 2022. Thesales-to-listing ratio fordetached in the Vancouver Region,at26% ,reflected aselers'm arket. Thedetachedm edian pricein M arch was$1,555,000,a 0.3% increasefrom Februaryand 15% below M arch 2022. Theaveragesold pricewas$1,842,508,1.6% abovelast m onth and down 11% toM arch 2022.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 11% VS 2022

▼ 15% VS 2022

▼ 9% VS 2022

▼ 43% VS 2022

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

1,326 5,016

2,312 5,512

-11% -15% -37% -43% -9%

17% 838 4,816

1.6% 0.3% 52% 58% 4%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,842,508 $1,555,000 26%

$2,079,042 $1,825,000 42%

$1,812,945 $1,550,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

7,232

7,630

6,847

7,416

6,495

6,997

5,942

1.83

1.80

1.80

6,329

5,512

4,816

5,016

4,786

1.49

4,553

1.39

1.38

2,312

888

905

1,326

803

632 514

1,559

1,281

1,083

873

857

838

$1.83M $1.80M

$1.73M $1.65M

$1.60M $1.53M $1.52M $1.54M $1.50M $1.50M

$1.45M $1.55M $1.56M

22-Mar

23-Feb

23-Mar

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

1600

1400

1200

73%

1000

800

55%

47%

47%

600

35%

31%

400

23%

13%

200

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+ 1,463 137 9%

S-L RATIO SALES INVENTORY

116 41 35%

60 33 55%

158 74 47%

265 194 73%

566 266 47%

1,107 341 31%

708 164 23%

573 76 13%

Copyright© April4,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofApril4,2023.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.

5

vancouverregion TOWNHOME-MARCH 2023

SALES TO LISTINGSRATIO 49% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere1,563 townhom elistingsin theVancouver Region in M arch,2% aboveFebruaryand 9% lowerthan M arch 2022. M arch townhom esalesincreased by39% m onth-over-m onth,to 760,and were40% below M arch 2022. Thesales-to-listing ratio fortow nhom esin theVancouver Region,at49% ,reflected aselers'm arket. Thetownhom em edian pricein M arch was$865,000,a 0.6% increasefrom Februaryand 14% below M arch 2022. Theaveragesold pricewas$948,529,0.2% below last m onth;theaveragePSF salepricewas$625,down 2% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 13% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 13% VS 2022

▼ 14% VS 2022

▼ 9% VS 2022

▼ 40% VS 2022

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

49% 760 1,563

1,264 1,714

-13% -13% -14% -34% -40% -9%

36% 548 1,527

35% 39% 2%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$719 $1,085,394 $1,000,000 74%

$625 $948,529 $865,000

$638 $950,531 $860,000

-2% -0.2% 0.6%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAR 202 ● MAR 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

2,234

2,498

2,485

2,162

2,425

1,998

2,252

2,047

1,264 1,714

1,563

1,567

1,527

1,506

782

760

902

573

548

516

813

479

468

415

340

289

$1.00M $985K

$927K $920K

$895K $852K $853K $870K $860K $840K

$810K $860K $865K

VancouverRegion REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

500

160

4+ bdrms

400

333

75%

300

63%

414

3 bdrms

52% 52%

836

200

30%

175

25% 24%

2 bdrms

16%

357

100

0

11

<2 bdrms

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

37

S-L RATIO SALES INVENTORY

27 8 30%

71 45 63%

302 225 75%

474 248 52%

256 134 52%

197 50 25%

161 38 24%

75 12 16%

Copyright© April4,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofApril4,2023.Aldatafrom RealEstateBoardofGreaterVancouver andFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakesteps astherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 6 ●

vancouverregion CONDO -MARCH 2023

SALES TO LISTINGSRATIO 38% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere4,755 condolistingsin theVancouverRegion in M arch,3% aboveFebruaryand 16% higherthan M arch 2022. M arch condosalesincreased by49% m onth-over-m onth, to1,811,and were42% below M arch 2022.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 7% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 7% VS 2022

▼ 7% VS 2022

▲ 16% VS 2022

▼ 42% VS 2022

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

Thesales-to-listing ratio forcondosin the Vancouver Region,at38% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

1,811 4,755

3,116 4,101

-50% -42% 16%

1,217 4,604

44% 49% 3%

Thecondom edian pricein M arch was$640,000,a1.6% increasefrom Februaryand 7% below M arch 2022. Theaveragesold pricewas$716,483,0.4% below last m onth;theaveragePSF salepricewas$839,down 0.5% tolastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$839 $716,483 $640,000 38%

$902 $773,954 $685,000 76%

$842 $719,242 $630,000 26%

-0.5% -0.4% 1.6%

-7% -7% -7%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAR 202 ● MAR 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

5,394

5,592

5,275

5,676

5,526

5,499

4,604

5,232

4,755

4,704

4,101

4,365

4,138

3,16

2,055

1,732

2,241

1,81

1,310

1,274

1,121

1,418

1,217

1,171

924

771

$685K $680K

$667K $650K $640K $645K

$620K $635K $625K $625K $630K $630K $640K

VancouverRegion REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

1200

43 3

4+ bdrms

1000

800

120

3 bdrms

54%

561

600

46%

45%

38%

400

26%

1,017

2 bdrms

16%

2,555

200

12%

5%

0

671

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2 bdrms

S-L RATIO SALES INVENTORY

254 115 45%

1,171 634 54%

1,246 574 46%

713 273 38%

438 116 26%

294 47 16%

299 35 12%

340 17 5%

1,596

Copyright© April4,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofApril4,2023.Aldatafrom RealEstateBoardofGreaterVancouver andFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakesteps astherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 7 ●

greatervancouverboard area DETACHED -MARCH 2023

SALES TO LISTINGSRATIO 24% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 4% VS 2022

▼ 9% VS 2022

▼ 6% VS 2022

▼ 43% VS 2022

Therew ere 3,077 detached listingsin the G reater Vancouverboard areain M arch,4% aboveFebruaryand 6% lowerthan M arch 2022. M arch detached hom esalesincreased by 43% m onth-over-m onth,to 735,and were43% below M arch 2022. Thesales-to-listing ratio fordetached in the G reater Vancouverboard area,at24% ,reflected aselers'm arket.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

24% 735 3,077

1,299 3,279

-40% -43% -6%

17% 515 2,968

38% 43% 4%

Thedetachedm edian pricein M arch was$1,815,000,a 6% increasefrom Februaryand 9% below M arch 2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$2,277,538 $2,000,000 40%

Theaveragesold pricewas$2,180,678,6% abovelast m onth and down 4% toM arch 2022.

$2,051,909 $1,710,000

6% 6%

$2,180,678 $1,815,000

-4% -9%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

4,268

4,499

4,148

3,954

4,375

4,187

3,598

1.82

3,741

1.74

3,279

2,968

3,077

1.65

1.59

1.56

2,928

2,801

1.43

1,299

578

490

735

956

374

301

796

657

530 524

532

515

$2.00M $1.99M $1.90M

$1.80M $1.74M

$1.70M $1.68M $1.72M $1.69M $1.70M $1.58M

$1.71M $1.82M

22-Mar

23-Feb

23-Mar

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

1200

1000

800

62%

600

41%

37%

400

32%

28%

27%

18%

16%

200

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+ 1,140 122 11%

S-L RATIO SALES INVENTORY

49 9 18%

37 12 32%

78 22 28%

109 68 62%

248 102 41%

607 225 37%

418 114 27%

391 61 16%

Copyright© April4,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofApril4,2023.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.

8

greatervancouverboard area TOWNHOME-MARCH 2023

SALES TO LISTINGSRATIO 41% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 9% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 9% VS 2022

▼ 13% VS 2022

▲ 14% VS 2022

▼ 43% VS 2022

Therewere903 townhom elistingsin theG reater Vancouverboard areain M arch,7% aboveFebruaryand 14% higherthan M arch 2022. M arch townhom esalesincreased by20% m onth-over-m onth,to 368,and were43% below M arch 2022. Thesales-to-listing ratio fortow nhom esin theG reater Vancouverboard area,at41% ,reflected aselers'm arket. Thetownhom em edian pricein M arch was$1,000,000,a 4% decreasefrom Februaryand 13% below M arch 2022. Theaveragesold pricewas$1,092,929,0.4% abovelast m onth;theaveragePSF salepricewas$745,up 0.1% to lastm onth.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No. 81% 643 790

% Change

No. 36% 306 843

% Change

TOTALLISTINGS TOTALSALES

41% 368 903

-13% -50% -43% 14%

0.1% 0.4% -4% 12% 20% 7%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$745 $1,092,929 $1,000,000

$744 $1,088,632 $1,039,500

$821 $1,198,926 $1,150,000

-9% -9%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAR 202 ● MAR 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,191

1,161

1,053

1,177

1,155

1,17

1,096

903

963

643 790

843

816 822

421

51

453

306

368

290

271

186

245

232

226

120

$1.15M

$1.10M $1.03M

$1.04M $995K

$1.04M $1000K

$945K $950K $1.02M

$949K $987K $979K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

64

4+ bdrms

153

150

67%

64%

218

3 bdrms

100

490

51% 52%

27%

27%

77

23%

50

2 bdrms

16%

227

0

9

<2 bdrms

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

33

S-L RATIO SALES INVENTORY

11 3 27%

22 14 64%

110 74 67%

182 93 51%

171 89 52%

177 47 27%

155 36 23%

75 12 16%

Copyright© April4,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofApril4,2023.Aldatafrom RealEstateBoardofGreaterVancouver andFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakesteps astherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 9 ●

greatervancouverboard area CONDO -MARCH 2023

SALES TO LISTINGSRATIO 36% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 5% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 6% VS 2022

▼ 5% VS 2022

▲ 14% VS 2022

▼ 43% VS 2022

Therewere3,694 condolistingsin theG reater Vancouverboard areain M arch,5% aboveFebruaryand 14% higherthan M arch 2022. M arch condosalesincreased by42% m onth-over-m onth, to1,320,and were43% below M arch 2022.

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

Thesales-to-listing ratio forcondosin the G reater Vancouverboard area,at36% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

1,320 3,694

2,315 3,250

-50% -43% 14%

26% 932 3,531

0.6% 0.9% 4% 35% 42% 5%

Thecondom edian pricein M arch was$705,000,a4% increasefrom Februaryand 5% below M arch 2022. Theaveragesold pricewas$785,627,0.9% abovelast m onth;theaveragePSF salepricewas$919,up 0.6% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$919 $785,627 $705,000 36%

$969 $834,299 $740,000 71%

$913 $778,940 $680,000

-5% -6% -5%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAR 202 ● MAR 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

4,160

4,038

4,358

4,298

4,223

4,193

3,996

3,694

3,707

3,250

3,531

3,348

3,163

2,315

1,604

1,326

1,692

1,320

1,005

997

1,062

932

892

848

707

573

$740K

$735K $717K $698K $694K $690K

$670K $677K $680K $685K $690K $680K $705K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

1000

2

4+ bdrms

41

800

94

600

3 bdrms

57%

483

49%

400

38%

31%

28%

709

2 bdrms

200

16%

1,931

11%

5%

0

515

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2 bdrms

S-L RATIO SALES INVENTORY

117 36 31%

601 340 57%

983 481 49%

668 253 38%

415 115 28%

286 46 16%

294 32 11%

330 17 5%

1,239

Copyright© April4,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofApril4,2023.Aldatafrom RealEstateBoardofGreaterVancouver andFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakesteps astherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 10 ●

fraservaley board area DETACHED -MARCH 2023

SALES TO LISTINGSRATIO 30% SELLERS'M ARKET

▶ MARKETSUMMARY Therew ere 1,939 detached listingsin the FraserValey board areain M arch,5% aboveFebruaryand 13% lower than M arch 2022. M arch detached hom esalesincreased by 83% m onth-over-m onth,to 591,and were42% below M arch 2022. Thesales-to-listing ratio fordetached in the FraserValey board area,at30% ,reflected aselers'm arket.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 22% VS 2022

▼ 21% VS 2022

▼ 13% VS 2022

▼ 42% VS 2022

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change -22% -21% -33% -42% -13%

No.

% Change

TOTALLISTINGS TOTALSALES

30% 591 1,939

1,013 2,233

17% 323 1,848

74% 83% 5%

Thedetachedm edian pricein M arch was$1,348,000,a 3% increasefrom Februaryand 21% below M arch 2022.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,824,505 $1,699,900 45%

Theaveragesold pricewas$1,421,941,0.7% below last m onth and down 22% toM arch 2022.

$1,431,933 $1,311,000

-0.7% 3%

$1,421,941 $1,348,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

2,964

3,131

2,699

3,041

2,810

2,344

1.79

2,588

2,541

1.70

2,233

1.67

1.67

1.58

1,939

1.54

1,858

1,848

1,752

1,013

426

591

364

327

313

258

603

213

485

343

325

323

$1.70M $1.61M

$1.53M $1.48M

$1.42M $1.34M $1.32M $1.32M

$1.24M $1.29M $1.28M $1.31M $1.35M

22-Mar

23-Feb

23-Mar

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

500

91%

400

81%

65%

300

52%

48%

200

23%

17%

100

8%

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-L RATIO SALES INVENTORY

67 32 48%

23 21 91%

80 52 65%

156 126 81%

318 164 52%

500 116 23%

290 50 17%

182 15 8%

323 15 5%

Copyright© April4,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofApril4,2023.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.

11

fraservaley board area TOWNHOME-MARCH 2023

SALES TO LISTINGSRATIO 59% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere660 townhom elistingsin theFraserValey board areain M arch,4% below Februaryand 29% lower than M arch 2022. M arch townhom esalesincreased by62% m onth-over-m onth,to 392,and were37% below M arch 2022. Thesales-to-listing ratio fortow nhom esin theFraser Valey board area,at59% ,reflected aselers'm arket. Thetownhom em edian pricein M arch was$807,500,a 5% increasefrom Februaryand 15% below M arch 2022. Theaveragesold pricewas$812,970,5% abovelast m onth;theaveragePSF salepricewas$512,up 1.5% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 16% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 16% VS 2022

▼ 15% VS 2022

▼ 29% VS 2022

▼ 37% VS 2022

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No. 67% 621 924

% Change -16% -16% -15% -12% -37% -29%

No. 35% 242 684

% Change

TOTALLISTINGS TOTALSALES

59% 392 660

1.5% 5% 5% 68% 62% -4%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$512 $812,970 $807,500

$504 $775,908 $770,000

$612 $967,839 $949,900

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAR 202 ● MAR 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,307

1,248

1,330

1,17

1,156

945

1,084

924

1,001

684

621

751

660

684

361

392

283

245

391

360

242

234

236

189 154

169

$950K $913K

$870K $855K $843K

$790K $780K $770K $798K $745K $745K

$770K $808K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

300

96

4+ bdrms

250

180

79%

200

196

63%

3 bdrms

53% 53%

346

150

33%

31%

100

98

2 bdrms

15%

130

50

0

4 2

<2 bdrms

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

S-L RATIO SALES INVENTORY

16 5 31%

49 31 63%

192 151 79%

292 155 53%

85 45 53%

20 3 15%

6 2 33%

Copyright© April4,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofApril4,2023.Aldatafrom RealEstateBoardofGreaterVancouver andFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakesteps astherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 12 ●

fraservaley board area CONDO -MARCH 2023

SALES TO LISTINGSRATIO 46% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere1,061 condolistingsin theFraserValey board areain M arch,1.1% below Februaryand 25% higherthan M arch 2022. M arch condosalesincreased by72% m onth-over-m onth, to491,and were39% below M arch 2022.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 12% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 12% VS 2022

▼ 11% VS 2022

▲ 25% VS 2022

▼ 39% VS 2022

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No. 94% 801 851

% Change

No.

% Change

Thesales-to-listing ratio forcondosin the FraserValey board area,at46% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

46% 491 1,061

-12% -12% -11% -51% -39% 25%

27% 285 1,073

2% 1.3% 2% 74% 72% -1.1%

Thecondom edian pricein M arch was$510,000,a2% increasefrom Februaryand 11% below M arch 2022. Theaveragesold pricewas$530,597,1.3% abovelast m onth;theaveragePSF salepricewas$623,up 2.0% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$623 $530,597 $510,000

$611 $524,017 $499,000

$708 $599,548 $570,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAR 202 ● MAR 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,237

1,234

1,318

1,306 1,303

1,294

1,236

1,073

1,061

851

1,017

997

975

801

491

406

549

451

273

356

305

285

279

277

217

198

$570K $566K $548K $540K

$535K $515K $500K $505K

$490K $485K $497K $499K $510K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

600

2 1

4+ bdrms

500

400

26

60%

58%

3 bdrms

300

52%

78

44%

35%

200

308

2 bdrms

624

100

13%

4%

0

156

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2 bdrms

S-L RATIO SALES INVENTORY

137 79 58%

570 294 52%

263 93 35%

45 20 44%

23 1 4%

8 1 13%

5 3 60%

10 0 n/a

357

Copyright© April4,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofApril4,2023.Aldatafrom RealEstateBoardofGreaterVancouver andFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakesteps astherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 13 ●

burnabynorth DETACHED -MARCH 2023

SALES TO LISTINGSRATIO 44% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere79 detachedlistingsin BurnabyN orth in M arch,7% below Februaryand 9% lowerthan M arch 2022. M arch detached hom esalesincreased by 35% m onth-over-m onth,to 35,and were13% below M arch 2022. Thesales-to-listing ratio fordetached in Burnaby N orth, at44% ,reflected aselers'm arket. Thedetachedm edian pricein M arch was$1,890,000,a 1.8% decreasefrom Februaryand 18% below M arch 2022. Theaveragesold pricewas$2,006,763,2% below last m onth and down 15% toM arch 2022.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 15% VS 2022

▼ 18% VS 2022

▼ 9% VS 2022

▼ 13% VS 2022

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

35 79

40 87

-15% -18% -4% -13% -9%

26 85

45% 35% -7%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$2,006,763 $1,890,000 44%

$2,056,436 $1,925,000 31%

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

-2% -1.8%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

131

122

18

15

2.42

109

92

86

85

2.19

87

95

93

2.14

79

85

37

40

30

28

35

26

25

24

18

1.33

1.27

1.25

22

19

16

10

$2.30M

$2.13M $2.20M $2.04M $2.08M

$2.04M $1.96M

$1.96M $1.93M $1.89M

$1.79M

$1.75M $1.71M

22-Mar

23-Feb

23-Mar

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

20

100%+

76%

15

10

37%

22%

5

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+

S-L RATIO SALES INVENTORY

0 1 n/a

2 5 250%

21 16 76%

19 7 37%

19 2 11%

18 4 22%

Copyright© April4,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofApril4,2023.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.

14

burnabynorth TOWNHOME-MARCH 2023

SALES TO LISTINGSRATIO 45% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere33 townhom elistingsin BurnabyN orth in M arch,32% aboveFebruaryand 106% higherthan M arch 2022. M arch townhom esalesincreased by36% m onth-over-m onth,to 15,and were55% below M arch 2022. Thesales-to-listing ratio fortow nhom esin Burnaby N orth,at45% ,reflected aselers'm arket. Thetownhom em edian pricein M arch was$885,000,a 0.6% increasefrom Februaryand 7% below M arch 2022. Theaveragesold pricewas$898,960,5% abovelast m onth;theaveragePSF salepricewas$655,up 7% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 13% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 4% VS 2022

▼ 7% VS 2022

▲ 106% VS 2022

▼ 55% VS 2022

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

15 33

33 16

-13% -4% -7% -78% -55% 106%

11 25

7% 5% 0.6% 3% 36% 32%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$655 $898,960 $885,000 45%

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

$612 $859,164 $880,000 44%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAR 202 ● MAR 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

45

38

35

39

33

33

36

29

31

23

25 25 25

17

17

15

15

12

16

12

12

1

8

8

7

5

$969K

$950K $989K $978K

$875K $868K

$880K $885K

$860K

$770K $748K $775K

$748K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

10

4

100%+

4+ bdrms

3

8

7

60%

6

3 bdrms

25

50%

4

33%

4 4

22%

2 bdrms

2

0

<2 bdrms

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

1

S-L RATIO SALES INVENTORY

2 3 150%

9 2 22%

10 5 50%

6 2 33%

5 3 60%

1 0 n/a

Copyright© April4,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofApril4,2023.Aldatafrom RealEstateBoardofGreaterVancouver andFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakesteps astherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 15 ●

burnabynorth CONDO -MARCH 2023

SALES TO LISTINGSRATIO 45% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere251 condolistingsin BurnabyN orth in M arch,2% aboveFebruaryand 26% higherthan M arch 2022. M arch condosalesincreased by22% m onth-over-m onth, to112,and were38% below M arch 2022.

AVERAGEPRICE

AVERAGE PSF PRICE ▼ 1.7% VS 2022

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 5% VS 2022

▼ 6% VS 2022

▲ 26% VS 2022

▼ 38% VS 2022

THISMONTH No.

PREVIOUSMONTH

PREVIOUSYEAR

No. 90% 180 200

% Change

No.

% Change

Thesales-to-listing ratio forcondosin Burnaby N orth,at 45% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

45% 112 251

-1.7% -5% -6% -50% -38% 26%

$874 $688,765 $660,500 38% 92 245

19% 22% 2%

Thecondom edian pricein M arch was$707,500,a7% increasefrom Februaryand 6% below M arch 2022. Theaveragesold pricewas$743,763,8% abovelast m onth;theaveragePSF salepricewas$929,up 6% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$929 $743,763 $707,500

6% 8% 7%

$945 $783,467 $750,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAR 202 ● MAR 2023

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

286

287

309

268

264

300

301

253

251

257

245

200

218

180

124

92

12

88

82

12

96

50

80

58

52

44

$750K $729K

$699K $650K $671K $676K $651K

$692K $704K $667K $707K $661K $708K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

70

100%

4+ bdrms

60

50

69%

6

62%

40

3 bdrms

38

30

41%

27%

67

20

2 bdrms

15%

151

10

0

39

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2 bdrms

S-L RATIO SALES INVENTORY

1 1 100%

42 29 69%

71 44 62%

64 26 41%

37 10 27%

13 2 15%

16 0 n/a

7 0 n/a

62

Copyright© April4,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofApril4,2023.Aldatafrom RealEstateBoardofGreaterVancouver andFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakesteps astherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 16 ●

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