the rennie advance - May 2022

highlights • Overal,homepricessoftenedsomewhatinApril,witheachproducttypeinboththeGreater VancouverboardareaandFraserValeyboardareaseeingdeclinesfromMarch.IntheGreater Vancouverboardarea,themediantownhomepricefelby4%vsMarch(whilemediancondoand detachedhomepricesweredownbylesthan1%).IntheFraserValeyboardarea,themedian priceofadetachedhomefelby5%,thatoftownhomeswasdown4%,andforcondosthemedian pricedippedby0.7%. • Despitetherecentmonth-over-monthchanges,medianpricesinAprilremainedsignificantly abovethoseofoneyearago,foralhometypesandinbothboardareas.Furthermore,median priceswereupbymoreintheFraserValeyboardareathanintheGreaterVancouverboardarea foralproducttypes.OfnoteisthatthemediantownhomepriceintheFraserValeywasupthe most,at26%(comparedtoanincreaseof21%forthesametypeofhomeinGreaterVancouver). • -

THERENNIEADVANCE median prices

APRIL 202

$2,000,000

+17% vsApr2021 Greater Vancouver

$1.99M

$1,600,000

$1.61M

$1,200,000

$800,000

DETACHED median salesprice

FraserValey

$400,000

+20% vsApr2021

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

━ GreaterVancouver ━ FraserValey

● April

$1,200,000

Greater Vancouver

$1,100,000 $913,000

$1,000,000

+21% vsApr2021

$800,000

$600,000

$400,000

TOWNHOME median salesprice

FraserValey

$200,000

+26% vsApr2021

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

━ GreaterVancouver ━ FraserValey

● April

$1,000,000

+15% vsApr2021 Greater Vancouver

$800,000

$735,000

$600,000

$566,000

$400,000

CONDO median salesprice

FraserValey

$200,000

+26% vsApr2021

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

━ GreaterVancouver ━ FraserValey

● April

Copyright©May2,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay2,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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