the rennie review - August 2021

the rennie review DATA-DRIVEN INSIGHTS INTO SALES, LISTINGS, & PRICING TRENDS FOR 13 SUB-MARKETS IN THE VANCOUVER REGION

published August 2021

table of contents

02 INTRO

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.

03 WHAT YOU NEED TO KNOW

04 FEATURED LISTINGS

NEIGHBOURHOOD PROFILES

05 08 11 14 17 20 23 26 29 32 35 38 41 44

Vancouver Region

Greater Vancouver Board Area Fraser Valley Board Area

Burnaby North Burnaby South

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

Coquitlam

Langley

North Vancouver

Richmond Squamish

Surrey

Vancouver East Vancouver West West Vancouver

49 CURRENT PROJECTS

Copyright © 2021 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 Aug 9, 2021. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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

running dry, leaving fewer homes to buy For the first time in a while, the spotlight is on available supply – not demand – in the Vancouver Region’s housing market. “Constrained” is the operative word, with inventory close to a 35-year low.

year over the past decade, we have racked up 45,403 so far in 2021 (a 52% increase). In other words, the existence of robust demand has meant that the only way inventory could have been expanding in 2021 is if the growth in new listings exceeded that of sales. And as you might have guessed, it has not: through the first seven months of 2021, the total number of new listings is only 21% higher than the past-decade average for the same seven months. Unless there is a shift in our market in the coming months--lower sales counts, an influx of new listings, or both--inventory will remain constrained for some time. As a result, the seemingly perpetual sellers’ market conditions that have been created by our supply-and-demand dynamic are likely to continue, leaving buyers to compete for limited inventory that is available.

July 2020, the region’s supply of homes for purchase had shrunk by 25%; it was also 33% below the past-decade July average of 21,821 listings. The phenomenon of evaporating inventory is being seen across all home types, with detached listings 15% lower than last year, condo listings 27% lower, and townhomes listings down 41%. More interesting is that the most recent trend--that is, the change between June and July--bucked the typical seasonal pattern of change: while the past decade has seen an average inventory expansion of 1.2% between June and July, this year listings were down 13%. So, what gives? The rising prevalence of socializing aside, there are a couple of factors at play. Sales activity in 2021 has been strong: compared to there having been an average of 29,934 sales in the first seven months of each

As noted in last month’s edition of the rennie review, the expectation for July and August was that denizens of the Vancouver Region would likely be more focused on socializing with humans than they would be transacting in homes. Turns out, the data for July aren’t inconsistent with this notion, with listing activity down and sales lower, too. Typically we start off our commentary with some thoughts on sales activity; not surprising, of course, with home sales serving as the primary indicator (among many other secondary and tertiary ones) of how our housing market is performing. This month, however, the tale of sales has been usurped by the inventory story. Specifically, the 14,569 available listings in the Vancouver Region in July 2021 were the second-fewest in the past 35 Julys (6% higher than July 2016’s count). Compared to

featured listings SEARCH FOR THE HOME YOU LOVE AT RENNIE.COM

Bridge

House

$6,188,000 | FALSE CREEK 1005 - 1616 Columbia Street 2 Bed, 2,623 SF

$4,898,000 | NORTH VAN

$2,588,000 | BURNABY EAST

380 Newdale Court 6 Bed, 4,707 SF Jason Soprovich 604.817.8812

7876 Graham Avenue 5 Bed, 3,712 SF Jessica Lozada PREC* 604.360.0025

Brandon Blue PREC* 604.999.7792

House

Beverly House

West Pender Place $1,999,900 | COAL HARBOUR 601 - 1499 W. Pender Street 3 Bed, 1,356 SF

$2,298,000 | SQUAMISH

$1,999,900 | VANCOUVER 1003 - 1561 W 57th Avenue 2 Bed, 1,279 SF

40340 Aristotle Drive 5 Bed, 4,305 SF

Shawn Wentworth PREC* 604.379.6731

Hanson Lu PREC* 604.787.2578

Danny Chow PREC* 604.765.2469

House

Montreux

House

$1,849,000 | BURNABY EAST

$1,728,000 | BURNABY 806 - 2055 Yukon Street 2 Bed, 1,528 SF

$1,575,000 | PORT COQUITLAM

7570 Canada Way 6 Bed, 3,615 SF Paul Wong PREC* 604.716.0483

1236 Kensington Place 4 Bed, 3,592

Disa Lim 604.880.8604

Janette Fricker 604.787.2862

8x On The Park

Bayshore Gardens

Versatile

$1,499,900 | COAL HARBOUR

$1,499,900 | DOWNTOWN 1702 - 1111 Richards Street 2 Bed, 969 SF

$1,149,000 | MT. PLEASANT

201 - 1710 Bayshore Drive 2 Bed, 1,177 SF

211 - 111 E. 1st Avenue 2 Bed, 1,085 SF Shelly Vellani PREC* 604.710.3681

Julian Proctor 604.220.6924

Derek Kai PREC* 604.868.1666

Fraser Commons $979,900 | SOUTH VAN 803 - 8188 Fraser Street 3 Bed, 992 Lorenzo Daminato PREC* 604.657.8121

Gwen-Lyn Manor $799,900 | KITSILANO 201 - 2494 Cornwall Avenue 2 Bed, 1,011 SF

Max 1 $730,000 | YALETOWN 1508 - 928 Beatty Street 1 Bed + Den, 661 SF

Brandan Price PREC* 604.765.9555”

Jane Chu PREC* 778.886.3303

Robson Gardens $499,000 | WEST END 708 - 1270 Robson Street 1 Bed, 540 SF

King George Hub $449,900 | SURREY 805 - 13655 Fraser Highway 1 Bed, 529 SF Calvin Kan PREC* 604.616.8373

Botanica

$579,000 | BURNABY

206 - 7330 Salisbury Avenue 2 Bed + Den, 811 SF

Tracy Lam PREC* 778.688.8035

Ryan Wong PREC* 604.551.7966

Copyright © 2021 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 August 9, 2021. 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.

vancouverregion DETACHED-JULY 2021

SALESTO LISTINGSRATIO 30% SELLER'SMARKET

▶ MARKETSUMMARY Therewere6,235detachedlistingsintheVancouver RegioninJuly,12%belowJuneand16%lowerthanJuly 2020. Julydetachedhomesalesdecreasedby15% month-over-month,to1,900,andwere10%belowJuly 2020. Thesales-to-listingratiofordetachedintheVancouver Region,at30%,reflectedaseler'smarket.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 23% VS2020

▼ 16% VS2020

▼ 10% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

1,900 6,235

2,110 7,383

23% 23% 7% -10% -16%

2,231 7,107

-3% -1.2% -3% -15% -12%

ThedetachedmedianpriceinJulywas$1,450,000,a 1.2%decreasefromJuneand23%aboveJuly2020.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,698,565 $1,450,000 30%

$1,753,124 $1,468,000 31%

$1,382,608 $1,180,000 29%

Theaveragesoldpricewas$1,698,565,3%belowlast monthanddown23%toJuly2020.

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

7,569

7,107

7,015

7,383

7,599 7,599

7,333

5,980

5,968

6,235

1.86

1.85

1.83

4,502

3,503

4,379

4,282

1.37

2,751

1.34

2,420

2,338

3,041

1,998

1.22

2,10

2,420

1,900

2,231

2,16

2,074

1,489

$1.50M

$1.48M $1.41M

$1.47M

$1.45M

$1.35M

$1.30M

$1.27M

$1.25M

$1.24M

$1.18M

Jul-20

Jun-21

Jul-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

1500

86%

85%

64%

1000

53%

45%

33%

500

22%

15%

<$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+ 1,792 143 8%

S-LRATIO SALES INVENTORY

114 51 45%

74 47 64%

182 157 86%

404 342 85%

822 439 53%

1,360 449 33%

746 161 22%

741 111 15%

Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

●

vancouverregion TOWNHOME-JULY 2021

SALESTO LISTINGSRATIO 57% SELLER'SMARKET

▶ MARKETSUMMARY Therewere1,743townhomelistingsintheVancouver RegioninJuly,12%belowJuneand39%lowerthanJuly 2020. Julytownhomesalesdecreasedby17% month-over-month,to998,andwere9%belowJuly 2020. Thesales-to-listingratiofortownhomesintheVancouver Region,at57%,reflectedaseler'smarket. ThetownhomemedianpriceinJulywas$782,000,a 0.8%decreasefromJuneand21%aboveJuly2020. Theaveragesoldpricewas$859,343,0.8%belowlast month;theaveragePSFsalepricewas$585,down0.2% tolastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 21% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 19% VS2020

▲ 21% VS2020

▼ 39% VS2020

▼ 9% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

57% 998 1,743

1,099 2,862

21% 19% 21% 49% -9% -39%

1,205 1,976

-0.2% -0.8% -0.8% -6% -17% -12%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$483 $724,064 $646,000 38%

$586 $866,247 $788,000 61%

$585 $859,343 $782,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2020 ● JUL 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

2,862

2,619

2,925 2,956

2,260

2,035

2,023

1,976

1,724

1,682

1,641

1,608

1,586

1,743

1,485

1,414

1,291

1,196

1,406

1,013

1,099

1,205

998

1,071

1,060

836

$788K

$780K

$785K

$776K

$782K

$720K

$688K

$675K

$665K

$671K

$660K

$656K

$646K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

600

180

500

4+bdrms

330

400

75%

69%

65%

562

58%

300

3bdrms

946

200

35%

27%

238

2bdrms

19% 16%

100

430

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

S-LRATIO SALES INVENTORY

31 11 35%

171 111 65%

557 415 75%

433 251 58%

194 133 69%

143 38 27%

129 25 19%

85 14 16%

<2bdrms

Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 6 ●

vancouverregion CONDO-JULY 2021

SALESTO LISTINGSRATIO 40% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 8% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 4% VS2020

▲ 10% VS2020

▼ 25% VS2020

▲ 22% VS2020

Therewere5,627condolistingsintheVancouverRegion inJuly,7%belowJuneand25%lowerthanJuly2020.

Julycondosalesdecreasedby7%month-over-month,to 2,237,andwere22%aboveJuly2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

Thesales-to-listingratioforcondosintheVancouver Region,at40%,reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

2,237 5,627

1,829 7,474

10% 62% 22% -25%

2,402 6,051

-7% -7%

ThecondomedianpriceinJulywas$583,000,a1.4% increasefromJuneand10%aboveJuly2020. Theaveragesoldpricewas$647,253,0.4%abovelast month;theaveragePSFsalepricewas$763,up1.0%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$763 $647,253 $583,000 40%

$706 $620,989 $530,800 24%

$756 $644,430 $575,000 40%

1% 0.4% 1.4% 0.1%

8% 4%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2020 ● JUL 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

7,335

8,297

8,024

7,474

8,002

6,051

6,001

5,831

5,595

5,627

5,697

5,402

3,508 5,356

2,831

2,079

2,066

1,936

2,981

2,237

2,435

2,402

1,829

1,797

1,755

1,560

$588K

$585K

$583K

$574K

$575K

$550K

$539K

$540K

$542K

$531K

$532K

$530K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

38 3

1500

4+bdrms

1000

116

62%

3bdrms

54%

647

46%

500

29%

1,285

24%

2bdrms

3,200

11%

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

833

S-LRATIO SALES INVENTORY

479 299 62%

1,636 883 54%

1,417 646 46%

830 241 29%

382 93 24%

301 24 8%

254 29 11%

328 22 7%

<2bdrms

1,742

Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 7 ●

greatervancouverboardarea DETACHED-JULY 2021

SALESTO LISTINGSRATIO 26% SELLER'SMARKET

▶ MARKETSUMMARY Therewere4,050detachedlistingsintheGreater VancouverboardareainJuly,10%belowJuneand8% lowerthanJuly2020. Julydetachedhomesalesdecreasedby18% month-over-month,to1,044,andwere7%belowJuly 2020. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at26%,reflectedaseler'smarket.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 20% VS2020

▲ 18% VS2020

▼ 8% VS2020

▼ 7% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

1,044 4,050

1,119 4,397

-7% -8%

1,266 4,523

-3% -1.5% -8% -18% -10%

ThedetachedmedianpriceinJulywas$1,611,000,a 1.5%decreasefromJuneand18%aboveJuly2020.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,919,895 $1,611,000 26%

$1,983,396 $1,635,000 28%

$1,604,275 $1,365,000 25%

20% 18% 1.3%

Theaveragesoldpricewas$1,919,895,3%belowlast monthanddown20%toJuly2020.

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

4,523

4,741

4,389

4,237

4,397

4,580

4,540

4,050

3,742

3,664

1.80

1.79

1.74

2,905

2,864

2,762

1.43

1.38

1,960

1.33

1,653

1,308 1,343

1,266

1,020

1,19

1,423

1,044

1,223

1,098

1,063

739

$1.70M

$1.65M $1.60M

$1.64M

$1.63M

$1.61M

$1.52M

$1.50M

$1.48M

$1.44M

$1.38M

$1.37M

Jul-20

Jun-21

Jul-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

1400

1200

86%

76%

74%

1000

800

48%

600

40%

34%

400

24%

16%

200

<$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+ 1,403 116 8%

S-LRATIO SALES INVENTORY

52 21 40%

43 32 74%

77 66 86%

161 123 76%

373 180 48%

870 293 34%

510 124 24%

561 89 16%

●

greatervancouverboardarea TOWNHOME-JULY 2021

SALESTO LISTINGSRATIO 50% SELLER'SMARKET

▶ MARKETSUMMARY Therewere1,032townhomelistingsintheGreater VancouverboardareainJuly,13%belowJuneand36% lowerthanJuly2020. Julytownhomesalesdecreasedby18% month-over-month,to519,andwere4%belowJuly 2020. Thesales-to-listingratiofortownhomesintheGreater Vancouverboardarea,at50%,reflectedaseler'smarket. ThetownhomemedianpriceinJulywas$899,900,a 1.0%decreasefromJuneand15%aboveJuly2020. Theaveragesoldpricewas$973,564,1.1%belowlast month;theaveragePSFsalepricewas$686,down1.1% tolastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 17% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 13% VS2020

▲ 15% VS2020

▼ 36% VS2020

▼ 4% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

50% 519 1,032

33% 539 1,612

17% 13% 15% 50% -4% -36%

53% 635 1,189

-18% -13%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

-1% -6%

$686 $973,564 $899,900

$694 $984,845 $909,000

$589 $859,382 $785,000

-1.1% -1.1%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2020 ● JUL 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

1,612

1,658

1,645

1,258

1,440

1,189

1,151

1,083

954

1,032

847

954

927 506

901

678

636

635

706

539

616

519

542

536

372

$910K

$909K

$900K

$901K

$900K

$815K

$816K

$789K

$790K

$791K

$785K

$780K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

250

100%

4+bdrms

146

200

81%

66% 67%

284

150

59%

3bdrms

567

100

137

26%

2bdrms

19% 16%

288

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

<2bdrms

S-LRATIO SALES INVENTORY

2 2 100%

48 39 81%

227 135 59%

246 162 66%

160 107 67%

138 36 26%

126 24 19%

85 14 16%

Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 9 ●

greatervancouverboardarea CONDO-JULY 2021

SALESTO LISTINGSRATIO 38% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 8% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 4% VS2020

▲ 10% VS2020

▼ 22% VS2020

▲ 19% VS2020

Therewere4,465condolistingsintheGreater VancouverboardareainJuly,7%belowJuneand22% lowerthanJuly2020. Julycondosalesdecreasedby6%month-over-month,to 1,679,andwere19%aboveJuly2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at38%,reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

1,679 4,465

1,406 5,691

10% 52% 19% -22%

1,786 4,780

-6% -7%

ThecondomedianpriceinJulywas$649,900,a2% increasefromJuneand10%aboveJuly2020. Theaveragesoldpricewas$708,220,0.5%abovelast month;theaveragePSFsalepricewas$841,up0.8%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$841 $708,220 $649,900 38%

$778 $680,267 $589,000 25%

$834 $704,988 $635,000 37%

0.8% 0.5% 2% 0.6%

8% 4%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2020 ● JUL 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

6,145

5,736

6,429

6,275

5,691

4,780

4,714

4,487

4,465

4,441

4,288

4,210

2,690 4,166

2,049

1,594 1,571

1,476

2,283

1,679

1,406

1,766

1,786

1,367

1,338

1,189

$650K

$637K

$638K

$635K

$619K

$608K

$598K

$589K

$588K

$590K

$587K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

1200

32 3

4+bdrms

1000

800

58%

3bdrms

54%

530

50%

600

400

30%

925

25%

2bdrms

2,499

200

12%

660

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

<2bdrms

S-LRATIO SALES INVENTORY

200 116 58%

1,029 554 54%

1,224 611 50%

789 237 30%

361 89 25%

297 22 7%

243 29 12%

322 21 7%

1,404

Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 10 ●

fraservaleyboardarea DETACHED-JULY 2021

SALESTO LISTINGSRATIO 39% SELLER'SMARKET

▶ MARKETSUMMARY Therewere2,185detachedlistingsintheFraserValey boardareainJuly,15%belowJuneand27%lowerthan July2020. Julydetachedhomesalesdecreasedby11% month-over-month,to851,andwere13%belowJuly 2020. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at39%,reflectedaseler'smarket.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 26% VS2020

▲ 31% VS2020

▼ 27% VS2020

▼ 13% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

39% 851 2,185

33% 983 2,986

26% 31% 18% -13% -27%

37% 961 2,584

-1.3% 1.4% 5% -11% -15%

ThedetachedmedianpriceinJulywas$1,310,000,a 1.4%increasefromJuneand31%aboveJuly2020.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

Theaveragesoldpricewas$1,432,677,1.3%belowlast monthanddown26%toJuly2020.

$1,451,719 $1,292,500

$1,432,677 $1,310,000

$1,133,002 $1,000,100

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

2,944

2,828

2,986

2,778

3,059

3,019

2,584

2,304

1.80

2,238

1.78

1.71

1.62

1.61

2,185

1,597

1,530

1.46

1,322

1,186

1,515 1,520

1,071 1,048

1,022

1,383

983

851

968

961

743

$1.34M

$1.33M $1.29M

$1.33M

$1.31M

$1.29M

$1.22M

$1.15M

$1.10M

$1.06M

$1.05M

$1.02M

$1.00M

Jul-20

Jun-21

Jul-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

500

89%

400

86%

300

58%

48%

45%

200

32%

100

16%

12%

<$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-LRATIO SALES INVENTORY

62 28 45%

31 15 48%

105 90 86%

243 217 89%

449 259 58%

490 156 32%

236 37 16%

180 22 12%

389 27 7%

●

fraservaleyboardarea TOWNHOME-JULY 2021

SALESTO LISTINGSRATIO 67% SELLER'SMARKET

▶ MARKETSUMMARY Therewere711townhomelistingsintheFraserValey boardareainJuly,10%belowJuneand43%lowerthan July2020. Julytownhomesalesdecreasedby16% month-over-month,to479,andwere14%belowJuly 2020. Thesales-to-listingratiofortownhomesintheFraser Valeyboardarea,at67%,reflectedaseler'smarket. ThetownhomemedianpriceinJulywas$729,000,a 0.6%increasefromJuneand25%aboveJuly2020. Theaveragesoldpricewas$735,585,0.3%abovelast month;theaveragePSFsalepricewas$476,up2%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 25% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 24% VS2020

▲ 25% VS2020

▼ 43% VS2020

▼ 14% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 72% 567 787

%Change

TOTALLISTINGS TOTALSALES

67% 479 711

45% 560 1,250

25% 24% 25% 50% -14% -43%

2% 0.3% 0.6% -6% -16% -10%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$476 $735,585 $729,000

$466 $733,695 $725,000

$381 $593,821 $585,000

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2020 ● JUL 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

1,31

1,179

1,250

1,267

1,002

872 846

787 775

787

687

612

759

706

659 506

560

641

567

479

558

533

531

517

462

$728K

$729K

$720K

$725K

$705K

$660K

$640K

$615K

$608K

$600K

$604K

$593K

$585K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

350

300

4+bdrms

184

85%

250

76%

278

200

59%

3bdrms

379

48%

150

40%

33%

31%

100

101

2bdrms

142

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

<2bdrms

S-LRATIO SALES INVENTORY

29 9 31%

123 72 59%

330 280 85%

187 89 48%

34 26 76%

5 2 40%

3 1 33%

Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 12 ●

fraservaleyboardarea CONDO-JULY 2021

SALESTO LISTINGSRATIO 48% SELLER'SMARKET

▶ MARKETSUMMARY Therewere1,162condolistingsintheFraserValey boardareainJuly,9%belowJuneand35%lowerthan July2020. Julycondosalesdecreasedby9%month-over-month,to 557,andwere32%aboveJuly2020.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 13% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 9% VS2020

▲ 12% VS2020

▼ 35% VS2020

▲ 32% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

Thesales-to-listingratioforcondosintheFraserValey boardarea,at48%,reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

48% 557 1,162

24% 423 1,783

13% 9% 12% 102% 32% -35%

48% 614 1,271

-9% -9%

ThecondomedianpriceinJulywas$449,900,a0.0% decreasefromJuneand12%aboveJuly2020. Theaveragesoldpricewas$463,490,1.3%belowlast month;theaveragePSFsalepricewas$529,down0.0% tolastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

0% -1.3% 0% -0.8%

$529 $463,490 $449,900

$529 $469,556 $450,000

$468 $423,955 $399,999

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2020 ● JUL 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

1,749

1,783

1,868

1,857

1,599

1,344

1,307

1,271

1,287

1,162

1,256

1,192

1,190

806

779

666

494

480

459

690

557

614

423

426

417

369

$450K

$446K

$438K

$430K

$415K

$405K

$400K

$395K

$398K

$391K

$393K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

600

4+bdrms

500

400

66%

3bdrms

54%

117

50%

300

200

359

2bdrms

19%

18%

17%

701

100

10%

173

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

<2bdrms

S-LRATIO SALES INVENTORY

279 183 66%

607 329 54%

193 34 18%

41 4 10%

21 4 19%

4 2 50%

11 0 n/a

6 1 17%

338

Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 13 ●

burnabynorth DETACHED-JULY 2021

SALESTO LISTINGSRATIO 37% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 20% VS2020

▲ 22% VS2020

▼ 5% VS2020

▲ 25% VS2020

Therewere121detachedlistingsinBurnabyNorthin July,21%belowJuneand5%lowerthanJuly2020. Julydetachedhomesalesdecreasedby15% month-over-month,to45,andwere25%aboveJuly 2020. Thesales-to-listingratiofordetachedinBurnabyNorth, at37%,reflectedaseler'smarket.

THISMONTH No. $1,871,364 $1,810,000 37% 45 121

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

$1,565,832 $1,487,500 28% 36 128

20% 22% 32% 25% -5%

$2,010,181 $1,920,000 34% 53 154

-15% -21%

ThedetachedmedianpriceinJulywas$1,810,000,a6% decreasefromJuneand22%aboveJuly2020.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

-7% -6% 8%

Theaveragesoldpricewas$1,871,364,7%belowlast monthanddown20%toJuly2020.

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

154

157 161

132 136

125

2.48

128

127

121

2.18

2.02

67 67

1.46

45 44

1.26

1.22

$1.92M

$1.80M $1.80M

$1.81M

$1.80M

$1.78M

$1.60M

$1.57M

$1.56M

$1.55M

$1.50M

$1.49M

Jul-20

Jun-21

Jul-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

100%+ 100%+

54%

36%

29%

<$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-LRATIO SALES INVENTORY

1 2 200%

6 7 117%

59 21 36%

28 8 29%

13 7 54%

14 0 n/a

●

burnabynorth TOWNHOME-JULY 2021

SALESTO LISTINGSRATIO 46% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 31% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 19% VS2020

▲ 31% VS2020

▼ 18% VS2020

▲ 92% VS2020

Therewere54townhomelistingsinBurnabyNorthin July,5%belowJuneand18%lowerthanJuly2020. Julytownhomesalesdecreasedby26% month-over-month,to25,andwere92%aboveJuly 2020. Thesales-to-listingratiofortownhomesinBurnaby North,at46%,reflectedaseler'smarket. ThetownhomemedianpriceinJulywas$896,000,a16% increasefromJuneand31%aboveJuly2020. Theaveragesoldpricewas$851,940,9%abovelast month;theaveragePSFsalepricewas$620,up0.7%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

25 54

13 66

31% 19% 31% 135% 92% -18%

34 57

0.7% 9% 16% -22% -26% -5%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$620 $851,940 $896,000 46%

$472 $713,554 $683,000 20%

$616 $780,601 $775,000 60%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2020 ● JUL 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

52 51

35 35

22 21

$896K

$847K

$818K

$800K

$768K

$775K

$761K

$749K

$725K

$718K

$683K

$660K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

100%+

4+bdrms

75%

3bdrms

40%

30%

2bdrms

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

<2bdrms

S-LRATIO SALES INVENTORY

5 2 40%

27 8 30%

8 9 113%

8 6 75%

2 0 n/a

4 0 n/a

Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 15 ●

burnabynorth CONDO-JULY 2021

SALESTO LISTINGSRATIO 37% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 7% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 5% VS2020

▲ 10% VS2020

▼ 11% VS2020

▲ 33% VS2020

Therewere304condolistingsinBurnabyNorthinJuly, 5%aboveJuneand11%lowerthanJuly2020.

Julycondosalesremainedthesame0month-over-month, to113,andwere33%aboveJuly2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 39% 113 290

%Change

Thesales-to-listingratioforcondosinBurnabyNorth,at 37%,reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

37% 113 304

$711 $599,222 $560,000 25% 85 343

10% 50% 33% -11%

0% 5%

ThecondomedianpriceinJulywas$615,000,a0.3% decreasefromJuneand10%aboveJuly2020. Theaveragesoldpricewas$631,158,0.7%belowlast month;theaveragePSFsalepricewas$761,down0.2% tolastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

0.2% -0.7% -0.3% -5%

$761 $631,158 $615,000

$759 $635,395 $617,000

7% 5%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2020 ● JUL 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

379

414

407

400

323

312

343

284

304

324

273

290

182 275

201

102

143

129

$649K

$625K

$617K

$608K

$613K

$612K

$615K

$598K

$587K

$590K

$582K

$560K

$559K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

100

4+bdrms

88%

57%

3bdrms

38%

28%

2bdrms

212

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

<2bdrms

S-LRATIO SALES INVENTORY

8 7 88%

81 46 57%

100 38 38%

79 22 28%

19 0 n/a

7 0 n/a

8 0 n/a

2 0 n/a

Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 16 ●

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