the rennie review - June 2021

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

published June 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

Bowen Behan Pausey SENIOR ANALYST bbehan@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 June 7, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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

housing remains a hot commodity in May Despite recent evidence of a re-balancing of the market for residential real estate in the Vancouver Region, homes continue to sell at a near-record pace as supply remains lacking.

with total listings moving back to their May 2020 levels. Unlike the relative consistency in sales trends across home types, only detached listings were higher than one year ago (+9%), with townhome and condo listings down by 18% and 4%, respectively, vs May 2020. Compared to long-run average inventory levels, last month’s inventory was lower by 23%, ranging from condos being down 18% to townhomes being down 32%. Inventory remains constrained in both the Greater Vancouver and Fraser Valley board areas, with listings lower by 21% and 27%, respectively, versus the long-run average. With mortgage rates having risen in recent months (moving from a low of 1.39% for a 5-year fixed rate back in February to around 2.00% today), and both the Office of the Superintendent of Financial Institutions and the Canada Mortgage & Housing Corporation having raised the qualifying interest rates for borrowers (effective June 1st), we could see the market equilibrium shift over the summer, which is typically slower anyway. That said, if recent history is any indication, the shift may not be as significant as some might be expecting.

As we noted last month, the at-times chaotic housing market here in the Vancouver Region since the middle of 2020 has been generating a lot of noise in the data. This remains true when we look at the most recent data, for May, though we are beginning to see signs that the market’s emotional outburst has already reached its apex. Regardless, two fundamental observations about our market continue to hold—namely that demand is elevated and supply is constrained—even in the face of divergent trends over the past two months. After peaking at 8,888 sales in March— an all-time record for any month in the history of the Vancouver Region (which encompasses the Greater Vancouver and Fraser Valley real estate)—sales fell by 12% to 7,784 in April. Sales then fell again in May, by 8%—making it two straight months of declining sales.

This recent trend blurs the bigger picture, however, with the 7,132 sales in May representing the second-highest-ever May sales count in this region (7% lower than the all-time May high of 7,701 sales in 2016). Additionally, May’s sales were 217% above those of May 2020—when the fewest May sales were recorded since 1990—and 44% higher than the past-decade May average. All home types are transacting at elevated levels, with detached home sales up 23%, townhome sales up 60%, and condo sales up 63% versus the long-run average for the month. From a geographic perspective, last month’s sales in the Greater Vancouver board area were 31% above the long-run average, while those in the Fraser Valley board area were up 69%. May marked the third consecutive month of MLS inventory expansion in this region,

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 June 7, 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. 3

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

House $5,798,000 | WEST VAN 549 St. Andrews Road 4 Bed, 5,916 SF Jason Soprovich 604.817.8812

House $3,998,000 | WEST VAN 2256 Inglewood Avenue 5 Bed, 3,576 SF Eric Langhjelm PREC* 778.688.4149

House $2,879,000 | NORTH VAN 3270 Allan Road

7 Bed, 4,331 SF Ross Leathley 604.802.5468

½ Duplex

Espana

Townhome

$1,649,000 | MT. PLEASANT

$1,488,000 | DOWNTOWN

$1,299,000 | SQUAMISH 4-3276 Mamquam Road 4 Bed, 2,266 SF Shawn Wentworth PREC* 604.379.6731

752 E 12th Avenue 4 Bed, 1,826 SF Tracy Lam PREC* 778.688.8035

3505-689 Abbott Street 2 Bed, 1,245 SF Jenna Van Alstine 778.558.3355

Townhome

Townhome

Vancouver House $999,900 | DOWNTOWN

$1,239,900 | VAN EAST Th2-8121 Chester Street 2 Bed, 1,059 SF

$1,068,000 | VAN EAST

2741 Ward Street 3 Bed, 1,003 SF Andy Mah 604.779.9382

1201-1480 Howe Street 2 Bed, 685 SF

Disa Lim 604.880.8604

Jane Chu PREC* 778.886.3303

House

Simon

Triomphe

$775,000 | COQUITLAM 408-717 Breslay Street 3 Bed, 1,024 SF

$959,900 | CHILLIWACK

$749,900 | BURNABY 708-1888 Gilmore Avenue 2 Bed, 689 SF

45952 Weeden Drive 3 Bed, 2,807 SF Clarke Mallory PREC* 604.316.9917

Art Seroff PREC* 778.223.0033

Calvin Kan PREC* 604.616.8373

Lumen

Richards Living $699,900 | YALETOWN 818-1088 Richards Street 1 Bed, 586 SF

Willow Gardens $585,000 | FAIRVIEW 204-3199 Willow Street 1 Bed, 640 SF Joanne Hoekstra 604.722.6645

$715,000 | FALSE CREEK 513-1635 W 3rd Avenue 1 Bed, 587 SF

Paul Wong 604.716.0483

Derek Kai PREC* 604.868.1666

Pacific Place $549,900 | COQUITLAM 401-1215 Pacific Street

Jane Gardens $525,000 | PORT COQUITLAM 109-2620 Jane Street 2 Bed, 1,060 SF Irene De Guzman 604.720.1996

Harmony $519,900 | BURNABY 207-9329 University Crescent

2 Bed, 1,092 SF Jordan Wong 778.378.6888

2 Bed, 837 SF Gwen Chan 778.388.0913

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 May 7, 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. i i i l i rt, it t t ri r rit p r issi of t re ie gr of co panies. Cur ent as of June

4

vancouverregion DETACHED-MAY 2021

SALESTO LISTINGSRATIO 36% SELLER'SMARKET

▶ MARKETSUMMARY Therewere7,567detachedlistingsintheVancouver RegioninMay,3%aboveApriland14%higherthanMay 2020. Maydetachedhomesalesdecreasedby10% month-over-month,to2,752,andwere211%aboveMay 2020. Thesales-to-listingratiofordetachedintheVancouver Region,at36%,reflectedaseler'smarket.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 24% VS2020

▲ 24% VS2020

▲ 14% VS2020

▲ 211% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

2,752 7,567

13% 885 6,622

172% 211% 14%

3,042 7,333

-12% -10% 3%

ThedetachedmedianpriceinMaywas$1,450,000,a3% decreasefromApriland24%aboveMay2020.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,710,434 $1,450,000 36%

$1,757,132 $1,500,000 41%

Theaveragesoldpricewas$1,710,434,3%belowlast monthanddown24%toMay2020.

-3% -3%

$1,375,312 $1,170,000

24% 24%

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

7,281

7,567

7,015

7,599 7,599

7,383

7,333

6,622

5,980

5,968

1.91

1.87

1.80

4,502 3,506

4,379

4,282

1.35

1.34

2,420

2,338

2,752

2,10

3,042

1,998

1.25

1,600

2,421

2,16

2,074

1,489

885

$1.50M

$1.48M $1.41M

$1.45M

$1.35M

$1.30M

$1.27M

$1.25M

$1.24M

$1.18M

$1.18M

$1.17M

$1.15M

May-20

Apr-21

May-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

1500

73%

65%

60%

58%

1000

53%

39%

31%

500

16%

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+ 1,776 203 11%

S-LRATIO SALES INVENTORY

102 54 53%

88 57 65%

372 224 60%

647 470 73%

1,134 658 58%

1,730 682 39%

898 274 31%

820 130 16%

Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

5

vancouverregion TOWNHOME-MAY 2021

SALESTO LISTINGSRATIO 70% SELLER'SMARKET

▶ MARKETSUMMARY Therewere2,033townhomelistingsintheVancouver RegioninMay,0.6%aboveApriland16%lowerthan May2020. Maytownhomesalesdecreasedby12% month-over-month,to1,414,andwere187%aboveMay 2020. Thesales-to-listingratiofortownhomesintheVancouver Region,at70%,reflectedaseler'smarket. ThetownhomemedianpriceinMaywas$776,000,a 1.1%decreasefromApriland19%aboveMay2020. Theaveragesoldpricewas$853,901,1.6%belowlast month;theaveragePSFsalepricewas$577,down1.1% tolastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 18% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 19% VS2020

▲ 19% VS2020

▼ 16% VS2020

▲ 187% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

1,414 2,033

20% 492 2,406

240% 187% -16%

1,609 2,020

-1.1% -1.6% -1.1% -13% -12% 0.6%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$577 $853,901 $776,000 70%

$583 $867,585 $785,000 80%

$487 $717,570 $649,500

18% 19% 19%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAY 2020 ● MAY 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

2,788

2,619

2,925 2,956

2,862

2,260

2,406

2,020

2,033

1,723

1,682

1,641

1,609

1,586

1,485

1,291

1,414

1,196

1,099

1,407

1,013

863

1,071

1,060

836

492

$785K

$780K

$776K

$720K

$688K

$675K

$671K

$665K

$660K

$656K

$650K

$646K

$633K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

700

272

4+bdrms

600

396

86%

76%

500

71%

67%

760

400

3bdrms

1,105

50%

300

38%

32%

356

200

23%

2bdrms

500

100

0

32 26

<$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

28 14 50%

241 161 67%

701 602 86%

476 362 76%

221 156 71%

157 59 38%

132 42 32%

77 18 23%

Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 6 ●

vancouverregion CONDO-MAY 2021

SALESTO LISTINGSRATIO 47% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 3% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 4% VS2020

▲ 10% VS2020

▲ 1.0% VS2020

▲ 237% VS2020

Therewere5,999condolistingsintheVancouverRegion inMay,3%aboveApriland1.1%higherthanMay2020.

Maycondosalesdecreasedby5%month-over-month,to 2,832,andwere237%aboveMay2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

Thesales-to-listingratioforcondosintheVancouver Region,at47%,reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

2,832 5,999

14% 840 5,935

234% 237% 1.1%

2,986 5,831

-2% -4% -2% -8% -5% 3%

ThecondomedianpriceinMaywas$574,500,a2% decreasefromApriland10%aboveMay2020. Theaveragesoldpricewas$640,884,4%belowlast month;theaveragePSFsalepricewas$756,down2%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$756 $640,884 $574,500 47%

$773 $669,574 $588,000 51%

$734 $616,160 $520,000

3% 4% 10%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAY 2020 ● MAY 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

7,474

7,335

8,297

8,024

8,002

6,866

5,831

5,595

5,999

5,935

5,697

5,401

3,509 5,355

2,832

2,081 2,066

2,986

1,936

1,829

1,507

2,436

1,797

1,755

1,560

840

$588K

$585K

$575K

$550K

$539K

$540K

$542K

$531K

$532K

$532K

$530K

$520K

$515K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

37 2

4+bdrms

1500

67%

157

63%

1000

3bdrms

52%

691

30% 30%

1,593

500

2bdrms

19%

14%

3,491

8%

0

1,080

<$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

598 377 63%

1,792 1,194 67%

1,486 769 52%

866 263 30%

366 109 30%

293 56 19%

278 40 14%

320 24 8%

1,780

Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 7 ●

greatervancouverboardarea DETACHED-MAY 2021

SALESTO LISTINGSRATIO 30% SELLER'SMARKET

▶ MARKETSUMMARY Therewere4,739detachedlistingsintheGreater VancouverboardareainMay,8%aboveApriland20% higherthanMay2020. Maydetachedhomesalesdecreasedby14% month-over-month,to1,423,andwere164%aboveMay 2020. Thesales-to-listingratiofordetachedintheGreater Vancouverboardarea,at30%,reflectedaseler'smarket.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 21% VS2020

▲ 21% VS2020

▲ 20% VS2020

▲ 164% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

1,423 4,739

14% 539 3,939

119% 164% 20%

1,653 4,390

-20% -14% 8%

ThedetachedmedianpriceinMaywas$1,630,000,a4% decreasefromApriland21%aboveMay2020.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,934,833 $1,630,000 30%

$1,974,704 $1,700,000 38%

Theaveragesoldpricewas$1,934,833,2%belowlast monthanddown21%toMay2020.

-2% -4%

$1,593,779 $1,347,000

21% 21%

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

4,739

4,390

4,313

4,237

4,580

4,540

4,397

3,742

3,664

3,939

1.87

1.81

1.73

2,905

2,864

2,762

1,960

1.43

1.42

1.35

1,343

1,308

1,19

1,423

1,653

1,020

862

1,223

1,098

1,063

539

739

$1.70M

$1.65M $1.60M

$1.63M

$1.52M

$1.50M

$1.48M

$1.44M

$1.44M

$1.38M

$1.37M

$1.35M

$1.35M

May-20

Apr-21

May-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

1400

1200

1000

67%

64%

62%

800

54%

600

37%

32%

31%

400

14%

11%

200

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+ 1,399 160 11%

S-LRATIO SALES INVENTORY

47 15 32%

47 30 64%

136 84 62%

237 158 67%

528 286 54%

1,110 414 37%

621 190 31%

614 86 14%

Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

8

greatervancouverboardarea TOWNHOME-MAY 2021

SALESTO LISTINGSRATIO 59% SELLER'SMARKET

▶ MARKETSUMMARY Therewere1,187townhomelistingsintheGreater VancouverboardareainMay,3%aboveApriland12% lowerthanMay2020. Maytownhomesalesdecreasedby17% month-over-month,to706,andwere165%aboveMay 2020. Thesales-to-listingratiofortownhomesintheGreater Vancouverboardarea,at59%,reflectedaseler'smarket. ThetownhomemedianpriceinMaywas$900,000,a 1.1%decreasefromApriland15%aboveMay2020. Theaveragesoldpricewas$983,000,0.1%belowlast month;theaveragePSFsalepricewas$688,down0.4% tolastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 17% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 19% VS2020

▲ 15% VS2020

▼ 12% VS2020

▲ 165% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

59% 706 1,187

20% 266 1,355

203% 165% -12%

74% 847 1,148

0.4% -0.1% -1.1% -19% -17% 3%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$688 $983,000 $900,000

$685 $983,696 $910,000

$588 $829,269 $779,950

17% 19% 15%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAY 2020 ● MAY 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

1,562

1,658

1,645

1,612

1,258

1,355

1,440

1,148

1,082

1,187

954

847

954

927

901

678

636

706

539

506

412

616

542

536

372

266

$910K

$900K

$901K

$900K

$815K

$816K

$790K

$789K

$790K

$791K

$780K

$785K

$780K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

300

112

4+bdrms

250

172

83%

76%

200

70% 68%

64%

375

3bdrms

150

642

39%

100

32%

198

23%

2bdrms

342

50

0

21

<$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

6 5 83%

83 53 64%

253 193 76%

292 205 70%

195 132 68%

152 59 39%

131 42 32%

75 17 23%

31

Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 9 ●

greatervancouverboardarea CONDO-MAY 2021

SALESTO LISTINGSRATIO 43% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 4% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 5% VS2020

▲ 10% VS2020

▲ 6% VS2020

▲ 211% VS2020

Therewere4,713condolistingsintheGreater VancouverboardareainMay,5%aboveApriland6% higherthanMay2020. Maycondosalesdecreasedby10%month-over-month, to2,050,andwere211%aboveMay2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

Thesales-to-listingratioforcondosintheGreater Vancouverboardarea,at43%,reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

2,050 4,713

15% 659 4,456

194% 211% 6%

2,287 4,488

-0.1% -3% -0.3% -15% -10% 5%

ThecondomedianpriceinMaywas$635,000,a0.3% decreasefromApriland10%aboveMay2020. Theaveragesoldpricewas$708,423,3%belowlast month;theaveragePSFsalepricewas$842,down0.1% tolastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$842 $708,423 $635,000 43%

$842 $729,092 $637,000 51%

$812 $675,725 $578,000

4% 5% 10%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAY 2020 ● MAY 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

6,145

5,736

6,429

6,275

5,222

5,691

4,488

4,713

4,456

4,441

4,288 4,210

2,691 4,166

2,050

1,596

1,571

1,476

2,287

1,406

1,109

1,767

1,367

1,338

1,189

659

$636K

$637K

$635K

$619K

$608K

$598K

$598K

$590K

$585K

$589K

$588K

$587K

$578K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

1400

32 2

1200

4+bdrms

1000

66%

123

800

3bdrms

55%

554

50%

600

30% 31%

400

1,082

2bdrms

19%

14%

2,653

200

8%

0

843

<$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

238 119 50%

1,139 748 66%

1,302 710 55%

825 251 30%

344 105 31%

289 55 19%

264 38 14%

312 24 8%

1,474

Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 10 ●

fraservaleyboardarea DETACHED-MAY 2021

SALESTO LISTINGSRATIO 47% SELLER'SMARKET

▶ MARKETSUMMARY Therewere2,828detachedlistingsintheFraserValey boardareainMay,4%belowApriland5%higherthan May2020. Maydetachedhomesalesdecreasedby4% month-over-month,to1,323,andwere286%aboveMay 2020. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at47%,reflectedaseler'smarket.

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 41% VS2020

▲ 39% VS2020

▲ 5% VS2020

▲ 286% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

1,323 2,828

13% 343 2,683

266% 286% 5%

1,384 2,943

-4% -4%

ThedetachedmedianpriceinMaywas$1,330,000,a 1.1%decreasefromApriland39%aboveMay2020.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,469,004 $1,330,000 47%

$1,495,874 $1,344,500 47%

-1.8% -1.1% -0.5%

Theaveragesoldpricewas$1,469,004,1.8%belowlast monthanddown41%toMay2020.

$1,038,334 $958,000

41% 39%

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

2,943

2,778

3,059

3,019

2,828

2,968 2,986

2,683

2,304

1.85

1.85

2,238

1.68

1.61

1.61

1,597

1,533

1.48

1,187

1,515 1,520

1,323

1,071

1,048

1,022

1,384

983

729

968

968

743

343

$1.34M

$1.33M $1.29M

$1.33M

$1.22M

$1.15M

$1.10M

$1.06M

$1.05M

$1.02M

$1.00M

$975K

$958K

May-20

Apr-21

May-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

600

500

76%

67%

400

66%

61%

59%

300

43%

200

30%

21%

100

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-LRATIO SALES INVENTORY

55 37 67%

41 27 66%

236 140 59%

410 312 76%

606 371 61%

620 267 43%

277 83 30%

206 44 21%

377 42 11%

Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

11

fraservaleyboardarea TOWNHOME-MAY 2021

SALESTO LISTINGSRATIO 83% SELLER'SMARKET

▶ MARKETSUMMARY Therewere846townhomelistingsintheFraserValey boardareainMay,3%belowApriland20%lowerthan May2020. Maytownhomesalesdecreasedby7% month-over-month,to706,andwere212%aboveMay 2020. Thesales-to-listingratiofortownhomesintheFraser Valeyboardarea,at83%,reflectedaseler'smarket. ThetownhomemedianpriceinMaywas$720,000,a 0.9%decreasefromApriland26%aboveMay2020. Theaveragesoldpricewas$724,810,1.8%belowlast month;theaveragePSFsalepricewas$466,down0.8% tolastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 26% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 24% VS2020

▲ 26% VS2020

▼ 20% VS2020

▲ 212% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 87% 760 872

%Change

TOTALLISTINGS TOTALSALES

83% 706 846

22% 226 1,051

288% 212% -20%

-4% -7% -3%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$466 $724,810 $720,000

$470 $737,933 $726,575

-0.8% -1.8% -0.9%

$369 $586,101 $571,000

26% 24% 26%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAY 2020 ● MAY 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

1,250

1,31

1,226

1,179

1,267

1,002

1,051

872

788

775

846

687

659

612

760 706

560

506

641

451

558

533

531

517

462

226

$727K

$720K

$705K

$660K

$640K

$615K

$604K

$608K

$600K

$593K

$580K

$585K

$571K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

160

400

4+bdrms

91%

224

85% 88%

300

68%

385

3bdrms

463

50%

200

41%

158 156

2bdrms

100

0

1 5

<$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

22 9 41%

158 107 68%

448 409 91%

184 157 85%

26 23 88%

5 0 n/a

1 0 n/a

2 1 50%

Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 12 ●

fraservaleyboardarea CONDO-MAY 2021

SALESTO LISTINGSRATIO 61% SELLER'SMARKET

▶ MARKETSUMMARY Therewere1,286condolistingsintheFraserValey boardareainMay,4%belowApriland13%lowerthan May2020. Maycondosalesincreasedby13%month-over-month,to 779,andwere330%aboveMay2020.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 17% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 15% VS2020

▲ 15% VS2020

▼ 13% VS2020

▲ 330% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

Thesales-to-listingratioforcondosintheFraserValey boardarea,at61%,reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

61% 779 1,286

12% 181 1,479

395% 330% -13%

51% 691 1,343

18% 13% -4%

ThecondomedianpriceinMaywas$446,000,a0.9% decreasefromApriland15%aboveMay2020. Theaveragesoldpricewas$461,110,1.9%belowlast month;theaveragePSFsalepricewas$530,down1.8% tolastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$530 $461,110 $446,000

$540 $470,141 $449,900

-1.8% -1.9% -0.9%

$453 $399,290 $387,000

17% 15% 15%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAY 2020 ● MAY 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

1,783

1,749

1,644

1,868

1,857

1,599

1,479

1,343

1,307

1,286

1,256

1,191

806 1,189

666

779

494

480

459

691

423

398

426

417

369

181

$450K

$446K

$438K

$430K

$415K

$400K

$405K

$395K

$398K

$391K

$393K

$387K

$385K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

700

600

4+bdrms

5

500

72% 68%

34

400

3bdrms

137

300

32%

200

27%

508

25%

2bdrms

838

14%

100

7%

0

237

<$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

360 258 72%

653 446 68%

184 59 32%

41 11 27%

22 3 14%

4 1 25%

14 1 7%

8 0 n/a

306

Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 13 ●

burnabynorth DETACHED-MAY 2021

SALESTO LISTINGSRATIO 30% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 34% VS2020

▲ 30% VS2020

▲ 63% VS2020

▲ 200% VS2020

Therewere161detachedlistingsinBurnabyNorthin May,3%aboveApriland63%higherthanMay2020. Maydetachedhomesalesdecreasedby37% month-over-month,to48,andwere200%aboveMay 2020. Thesales-to-listingratiofordetachedinBurnabyNorth, at30%,reflectedaseler'smarket.

THISMONTH No. $1,956,910 $1,783,000 30% 48 161

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

16 99

34% 30% 84% 200% 63%

$1,876,330 $1,795,000 48% 76 157

4% -0.7% -38% -37% 3%

ThedetachedmedianpriceinMaywas$1,783,000,a 0.7%decreasefromApriland30%aboveMay2020.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE

$1,462,199 $1,370,500 16%

Theaveragesoldpricewas$1,956,910,4%abovelast monthandup34%toMay2020.

▶ RATIOOFMEDIANPRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIANPRICE

161

157

136

132

128

125

2.24

17

127

2.11

1.97

10

99

76

66

80

58

67 67

45

1.38

31

49

48

1.32

1.31

45

44

36

34

16

22

$1.80M $1.80M

$1.80M

$1.78M

$1.60M

$1.60M

$1.57M

$1.56M

$1.55M

$1.53M

$1.50M

$1.49M

$1.37M

May-20

Apr-21

May-21

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY ● S-LRATIO

70

60

50

67%

40

30

33%

27%

20

23%

10

7%

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-LRATIO SALES INVENTORY

1 0 n/a

1 0 n/a

12 8 67%

72 24 33%

35 8 23%

26 7 27%

14 1 7%

Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.

14

burnabynorth TOWNHOME-MAY 2021

SALESTO LISTINGSRATIO 63% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 19% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 20% VS2020

▲ 21% VS2020

▲ 31% VS2020

▲ 167% VS2020

Therewere64townhomelistingsinBurnabyNorthin May,19%aboveApriland31%higherthanMay2020. Maytownhomesalesdecreasedby22% month-over-month,to40,andwere167%aboveMay 2020. Thesales-to-listingratiofortownhomesinBurnaby North,at63%,reflectedaseler'smarket. ThetownhomemedianpriceinMaywas$846,500,a6% increasefromApriland21%aboveMay2020. Theaveragesoldpricewas$805,394,1.9%belowlast month;theaveragePSFsalepricewas$580,down8%to lastmonth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No.

%Change

TOTALLISTINGS TOTALSALES

40 64

15 49

104% 167% 31%

51 54

-8% -1.9% 6% -34% -22% 19%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$580 $805,394 $846,500 63%

$486 $673,867 $697,000 31%

$629 $821,330 $800,000 94%

19% 20% 21%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAY 2020 ● MAY 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

66

69

64

61

56

55

54

53

57

54

52

51

49

35

40

27

35

25

25

22

21

15

18

14

13

12

$847K

$818K

$800K

$768K

$768K

$761K

$749K

$725K

$718K

$697K

$683K

$660K

$638K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

25

8

100%+

4+bdrms

7

20

71%

18

15

60%

3bdrms

28

50%

44%

10

14

2bdrms

5

28

0

<$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 1 50%

10 6 60%

25 11 44%

13 17 131%

7 5 71%

5 0 n/a

2 0 n/a

1

Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 15 ●

burnabynorth CONDO-MAY 2021

SALESTO LISTINGSRATIO 50% SELLER'SMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 7% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 17% VS2020

▲ 15% VS2020

▲ 16% VS2020

▲ 198% VS2020

Therewere284condolistingsinBurnabyNorthinMay, 3%aboveApriland16%higherthanMay2020.

Maycondosalesdecreasedby21%month-over-month, to143,andwere198%aboveMay2020.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 66% 182 275

%Change

Thesales-to-listingratioforcondosinBurnabyNorth,at 50%,reflectedaseler'smarket.

TOTALLISTINGS TOTALSALES

50% 143 284

$720 $546,856 $530,000 20% 48 245

157% 198% 16%

-2% 1% -0.2% -24% -21% 3%

ThecondomedianpriceinMaywas$612,000,a0.2% decreasefromApriland15%aboveMay2020. Theaveragesoldpricewas$641,398,1.0%abovelast month;theaveragePSFsalepricewas$771,up2%to lastmonth.

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$771 $641,398 $612,000

$788 $635,244 $613,000

7% 17% 15%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● MAY 2020 ● MAY 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

379

414

407

400

323

312

343

324

273

284

293

182 275

245

201

143

10

102

85

129

97

96

91

87

48

63

$649K

$625K

$608K

$613K

$612K

$598K

$587K

$590K

$582K

$560K

$559K

$530K

$525K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELER'SMARKET 21%+

BALANCED 12-20%

BUYER'SMARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

100

4+bdrms

80

60

68%

12

58%

3bdrms

53%

16

50%

40

36%

82

24%

2bdrms

20

206

0

49

<$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

15 8 53%

85 58 68%

91 53 58%

71 17 24%

14 5 36%

3 0 n/a

4 2 50%

1 0 n/a

62

Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 16 ●

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