the rennie advance - March 2022

highlights • HousinginventoryremainedhistoricalylowinFebruary:the9,805listingsrepresentedthe 7th-lowestmonthlycountofinventoryinthepast10yearsintheVancouverRegion.Comparedto oneyearago,listingsweredown17%,withcondosandtownhomesdownby33%and15%, respectively.(Incontrast,detachedinventoryroseby1.3%.) • Overal,listingsactualyroseforasecondstraightmonthinFebruary(by33%vsJanuary). Townhomesupplyexpandedthemost,at59%,folowedbydetachedhomes(38%)andcondos (23%). • Selers’marketscontinuetoprevailforalhometypes,withsales-to-listingsratiossitingat38%, 73%,and65%fordetachedhomes,townhomes,andcondos,respectively.

THERENNIEADVANCE total listings

FEBRUARY 202

14,000

+1.3% vsFeb2021

12,000

10,000

8,000

7,432 10 yrFebAvg

4,609

6,000

4,000

DETACHED listings

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0 2,000

-38% vs10yrFebAvg

﹍ 10 yrFebruaryAverage

● February

1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500

-15% vsFeb2021

2,240 10 yrFebAvg

1,270

TOWNHOME listings

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

-43% vs10yrFebAvg

﹍ 10 yrFebruaryAverage

● February

12,000

-33% vsFeb2021

10,000

8,000

6,000

5,629 10 yrFebAvg

3,642

4,000

CONDO listings

2,000

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

-35% vs10yrFebAvg

﹍ 10 yrFebruaryAverage

● February

Copyright©March1,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch1,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

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