the rennie advance - July 2019

highlights •  While overall inventory was 17% higher in June 2019 compared to June 2018, this was the 3rd consecutive month where year-over-year increases in inventory lessened. • This was led by detached inventory, down by 5% versus last year, while townhome and condo inventory was higher by 40% and 47%, respectively. This put June’s inventory of detached homes and condos almost right at the long-run June average (lower by 0.4% and 0.6%, respectively), while townhomes were up 13%. • The sales-to-listings (S-L) ratio in June decreased across all product types, with the detached market sliding back into buyer’s territory (with a S-L ratio of 11%), while the markets for townhomes and condos became balanced (with S-L ratios of 17% and 16%, respectively).

total listings THE RENNIE ADVANCE

JUNE 2019

0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000

vs Jun 2018 5%

10yr Jun Avg 6,773

6,747

vs 10yr Jun Avg 0.4%

DETACHED listings

June

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

3,000

2,500

vs Jun 2018 40%

2,042

2,000

10yr Jun Avg 1,807

1,500

vs 10yr Jun Avg 13%

1,000

TOWNHOME listings

June

500

0

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000

vs Jun 2018 47%

10yr Jun Avg 5,933

5,899

vs 10yr Jun Avg 0.6%

CONDO listings

June

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

CurrentasofJuly2,2019.Alldata from theRealEstateBoardofGreaterVancouver.The informationsetoutherein (the “Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent, warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipient of the informationshould takestepsas the recipientmaydeemnecessary toverify the informationprior toplacingany relianceupon the information.The informationmaychangeany timewithoutnoticeorobligation to the recipient fromRAR&RMS.

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