the rennie review - September 2022

the rennie review DATA-DRIVEN INSIGHTS INTO SALES, LISTINGS, & PRICING TRENDS FOR 14 SUB-MARKETS IN THE VANCOUVER REGION

published September 2022

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 47 48 51

Vancouver Region

Greater Vancouver Board Area Fraser Valley Board Area

Burnaby North Burnaby South

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

Ryan Wyse SENIOR ANALYST rwyse@rennie.com

Coquitlam

Langley

North Delta

New Westminster North Vancouver

Richmond Squamish

Surrey

Vancouver East

Vancouver Downtown

Vancouver West West Vancouver

53 AREA MAPS

56 CURRENT PROJECTS

Copyright © 2022 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 September 7 2022. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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

it’s the economy, right? or is it? Rising interest rates brought on by persistently high inflation have dampened housing demand in the Vancouver Region, but a strong labour market has constrained supply, yielding relatively balanced market conditions.

to-date vis-a-vis elevated supply; in large part, this has been due to the state of our labour market. To put it simply, when people who want to work are working, listings remain at or below the long-run average; when people aren’t working and earning an income, supply tends to swell as some homeowners can’t afford their mortgages. To wit, the national unemployment rate reached an all-time low in June, at 4.9% where it remained for two consecutive months before ticking up to 5.4% in August. In Metro Vancouver, the unemployment rate has remained below 5% since May, nestled in at 4.8% most recently (in August). The historically-robust relationship between the region’s unemployment rate and MLS inventory has continued to hold through 2022, with our well-functioning labour market being accompanied by a total listings count that declined by 7% from July to August, to 14,917—20% below the past 10- year August average. With the Bank of Canada poised to further raise rates to return inflation to its desired target of 2%, the nature of current and would-be borrowers’ participation in the housing market will continue to be impacted. That said, given the connection between the level of housing supply, overall housing market conditions, and the labour market, it’s the latter that we’ll be keeping a particular eye on.

As summer comes to a close and we transition into the fall—a somewhat ironic name for a season during which we’ll likely continue experiencing high inflation and rising interest rates—we are facing much different economic conditions today here in Metro Vancouver than we were as recently as the spring. In turn, the evolving economic landscape is having a direct impact on our local housing market in both direct and indirect ways. High inflation has been a phenomenon both here in Canada and around the world since the early part of 2021, driven by elevated consumer demand, disrupted supply chains, China’s continued enforcement of its zero- Covid policy, and the war in Ukraine. More specifically, year-over-year consumer price changes have exceeded the Bank of Canada’s target range of 1-3% since April of last year, peaking at 8.1% in June 2022 before easing to 7.6% in July. Predictably, this has spurred the Bank of Canada to hike interest rates in response, with the Bank having raised

its policy rate five times to-date in 2022; this has brought the overnight rate up to 3.25%, a level not seen since April 2008. Meanwhile, bank prime rates are now up to 5.45% and fixed mortgage rates—which have been rising since February 2021 and have been, in part, influenced by the Bank’s more recent policy of quantitative tightening—are now also at their highest level in more than a decade. While the dramatic and rapid increase in borrowing costs has had a significant impact on some households—including parts of the first-time home buyer, mortgage renewer, and variable-rate mortgage holder groups— its biggest impact has been to gum-up the demand side of the market. This is seen in depressed sales counts, with the 2,850 MLS sales in the Vancouver Region in August sitting 45% below last August’s level and 31% below the past 10-year August average. Notably, more-expensive money has not had wide-ranging impacts on the housing market

Copyright © 2022 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 September 7 2022. 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

House

House

$6,998,000 | WEST VAN

$3,649,900 | CAMBIE

$3,299,000 | SQUAMISH 14847 Squamish Valley Road 5 Bed, 3,630 SF

5517 Ocean Place 3 Bed, 4,903 SF Jason Soprovich 604.817.8812

3788 Ash Street 6 Bed, 3,520 SF

Danny Chow PREC* 604.765.2469

Liz Kaiser 604.848.8804

House

House

The Pacific

$2,299,900 | BURNABY NORTH

$1,998,000 | WEST VAN 6755 Dufferin Avenue 3 Bed, 2,763 SF Eric Langhjelm PREC* 778.688.4149

$1,939,900 | DOWNTOWN

9961 Casewell Street 9 Bed, 3,808 SF Rob Breckwoldt PREC* 604.459.7778

3104 - 889 Pacific Street 2 Bed, 1,044 SF

Amy Chan 604.992.2101

Townhome

House

House

$1,799,000 | NORTH VAN

$1,699,900 | NORTH VAN

$1,680,000 | PORT COQUITLAM

C - 1133 E. 29th Street 3 Bed, 3,195 SF Charlie Kim PREC* 604.767.1531

1831 Arborlynn Drive 3 Bed, 1,217 SF

3671 Somerset Street 5 Bed, 2,221 SF

Art Seroff PREC* 778.223.0033

Tracy Lam PREC* 778.688.8035

Evoque

George Townhomes $1,498,000 | PORT MOODY 102 - 3105 St George Street 4 Bed, 1,580 SF

Affinity

$1,248,000 | SURREY 78 - 15177 60 Avenue 4 Bed, 2,221 SF

$1,199,000 | BURNABY NORTH

2222 Douglas Road 2 Bed, 1,490 SF Derek Kai PREC* 604.868.1666

Reggie Tanzola PREC* 778.917.6889

Ester Hsieh PREC* 778.552.4921

The Raymur At Strathcona Village $899,900 | STRATHCONA 902 - 983 E. Hastings Street 2 Bed, 819 SF

W1

Harvest At Bose Farm

$938,000 | MARPOLE 701 - 455 SW Marine Drive 2 Bed, 773 SF

$868,000 | SURREY 212 - 16488 64 Avenue 3 Bed, 1,594 SF

Jake Kim 778.968.3121

Calvin Kan PREC* 604.616.8373

Howard Don 604.786.9998

Mackenzie Estates $865,000 | SURREY 41 - 6945 185 Street 3 Bed, 1,403 SF

Springgate $650,000 | RICHMOND 111 - 8611 General Currie Road

Tsawwassen Shores

$814,900 | LADNER 133 - 1894 Osprey Drive 3 Bed, 1,305 SF

2 Bed, 990 SF Chelsea Day 604.785.4024

Andy Mah PREC* 604.779.9382

Allison Lafrenier 604.612.1271

Copyright © 2022 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 September 7, 2022. 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.

4

vancouverregion DETACHED -AUGUST 202

SALES TO LISTINGSRATIO 13% BALANCEDMARKET

▶ MARKETSUMMARY Therewere6,952 detached listingsin theVancouver Region in August,6% below Julyand 26% higherthan August2021. Augustdetached hom esalesincreased by1.6% m onth-over-m onth,to890,and were50% below August 2021. Thesales-to-listing ratio fordetached in the Vancouver Region,at13% ,reflected abalanced m arket.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 2% VS 2021

▲ 3% VS 2021

▲ 26% VS 2021

▼ 50% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

13% 890 6,952

1,788 5,531

-60% -50% 26%

12% 876 7,369

-4% -4% 8% 1.6% -6%

Thedetachedm edian pricein Augustwas$1,530,000,a 4% decreasefrom Julyand 3% aboveAugust2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,741,811 $1,480,000 32%

Theaveragesold pricewas$1,780,231,4% below last m onth and up 2% toAugust2021.

$1,854,655 $1,600,000

$1,780,231 $1,530,000

2% 3%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

7,193

7,585

6,952

7,369

1.87

5,481

5,397

6,295

1.80

1.79

5,531

4,587

4,181

4,694

1.42

1.37

1.36

3,318

2,317

3,120

1,879

1,794

1,788

1,750

1,697

1,570

1,490

890

1,283

1,149

1,086

876

$1.83M $1.80M $1.73M $1.85M $1.89M

$1.65M $1.60M $1.53M

$1.60M $1.69M $1.69M

$1.48M $1.54M

Aug.-21

Jul.-22

Aug.-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

2000

1500

1000

34%

500

24%

24%

21%

19%

13%

11%

8%

4%

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+ 1,855 73 4%

S-L RATIO SALES INVENTORY

132 32 24%

77 15 19%

228 55 24%

401 137 34%

879 185 21%

1,675 224 13%

915 102 11%

790 67 8%

Copyright© Septem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber7,202 .Aldatafrom RealEstate BoardofGreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycan otbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.

5

vancouverregion TOWNHOME-AUGUST 202

SALES TO LISTINGSRATIO 26% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere2,207 townhom elistingsin theVancouver Region in August,10% below Julyand 60% higherthan August2021. Augusttownhom esalesincreased by19% m onth-over-m onth,to565,and were44% below August 2021. Thesales-to-listing ratio fortow nhom esin theVancouver Region,at26% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$850,000,a 5% decreasefrom Julyand 8% aboveAugust2021. Theaveragesold pricewas$907,600,5% below last m onth;theaveragePSF salepricewas$622,down 2% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 6% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 5% VS 2021

▲ 8% VS 2021

▲ 60% VS 2021

▼ 44% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

26% 565 2,207

1,013 1,377

-65% -44% 60%

19% 475 2,444

32% 19% -10%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$586 $866,668 $789,900 74%

$622 $907,600 $850,000

$636 $958,415 $893,000

-2% -5% -5%

6% 5% 8%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

2,434 2,444

2,373

2,207

2,003

1,678

1,251

1,377 1,306

1,227

1,076

973

1,013

782

771

766

1,001

941

925

912

895

801

565

587

574

475

$990K $1.02M $1.00M

$983K $925K

$915K $893K $850K

$847K $880K $900K

$790K $834K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

800

88

700

4+ bdrms

480

600

500

306

3 bdrms

400

1,212

41%

300

34%

162

26%

25%

200

21%

2 bdrms

15% 12%

479

100

7%

0

9

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

<2 bdrms

S-L RATIO SALES INVENTORY

31 8 26%

103 35 34%

450 185 41%

751 191 25%

397 85 21%

237 35 15%

170 21 12%

7%

36

68 5

Copyright© Septem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber7,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 6 ●

vancouverregion CONDO -AUGUST 202

SALES TO LISTINGSRATIO 25% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere5,203 condolistingsin theVancouverRegion in August,6% below Julyand 2.0% higherthan August 2021. Augustcondosalesdecreased by8% m onth-over-m onth, to1,312,and were41% below August2021.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 9% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 9% VS 2021

▲ 9% VS 2021

▲ 2.0% VS 2021

▼ 41% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

Thesales-to-listing ratio forcondosin the Vancouver Region,at25% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

1,312 5,203

2,230 5,103

-42% -41% 2%

1,419 5,559

-8% -6%

Thecondom edian pricein Augustwas$645,000,a0.8% increasefrom Julyand 9% aboveAugust2021. Theaveragesold pricewas$731,293,0.7% below last m onth;theaveragePSF salepricewas$862,up 1.4% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$862 $731,293 $645,000 25%

$791 $672,418 $590,000 44%

$850 $736,458 $640,000 26%

1.4% -0.7% 0.8% -1.2%

9% 9% 9%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

5,367

5,559

5,302

5,646

5,203

5,103

4,076

4,072

4,681

4,617

3,620

3,16

2,441

2,363

2,966

2,769

2,055

2,230

2,382

2,244

2,192

2,007

1,731

1,733

1,312

1,419

$685K $680K $667K $650K

$671K $695K

$640K $645K

$590K $598K $608K $620K $628K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

1600

1400

45 3

4+ bdrms

1200

1000

79

3 bdrms

800

596

600

40%

29%

29%

708

400

21%

2 bdrms

15%

2,970

12%

200

7% 6%

0

522

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

<2 bdrms

S-L RATIO SALES INVENTORY

264 76 29%

1,233 490 40%

1,461 422 29%

853 182 21%

407 63 15%

298 36 12%

317 21 7%

370 22 6%

1,592

Copyright© Septem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber7,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 7 ●

greatervancouverboard area DETACHED -AUGUST 202

SALES TO LISTINGSRATIO 13% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 0.5% VS 2021

▲ 3% VS 2021

▲ 13% VS 2021

▼ 44% VS 2021

Therew ere 4,154 detached listingsin the G reater Vancouverboard areain August,4% below Julyand 13% higherthan August2021. Augustdetached hom esalesdecreased by1.1% m onth-over-m onth,to525,and were44% below August 2021. Thesales-to-listing ratio fordetached in the G reater Vancouverboard area,at13% ,reflected abalanced market. Thedetachedm edian pricein Augustwas$1,700,000,a 3% decreasefrom Julyand 3% aboveAugust2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

13% 525 4,154

25% 935 3,688

0.5% 3% -50% -44% 13%

12% 531 4,338

-2% -3% 3% -1.1% -4%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$1,992,924,2% below last m onth and up 0.5% toAugust2021.

$2,041,887 $1,747,500

$1,992,924 $1,700,000

$1,982,514 $1,650,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

4,236

4,463

4,154

4,338

3,656

3,688

1.83

3,254

1.80

3,714

1.76

2,875

2,799

3,180

1.47

1.43

1.39

2,21 2,264

1,297

1,092

1,006

985

935

950

957

525

793

795

656

622

531

$1.99M $2.01M $2.00M $2.00M $1.90M

$1.80M $1.75M $1.70M

$1.76M $1.85M $1.85M

$1.65M $1.67M

Aug.-21

Jul.-22

Aug.-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

1400

1200

1000

800

600

29%

27%

400

24%

20%

18%

17%

14%

10%

200

4%

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+ 1,444 62 4%

S-L RATIO SALES INVENTORY

60 12 20%

51 9 18%

96 26 27%

156 46 29%

373 90 24%

884 151 17%

558 76 14%

532 53 10%

Copyright© Septem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber7,202 .Aldatafrom RealEstate BoardofGreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycan otbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.

8

greatervancouverboard area TOWNHOME-AUGUST 202

SALES TO LISTINGSRATIO 27% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere1,052 townhom elistingsin theG reater Vancouverboard areain August,8% below Julyand 28% higherthan August2021. Augusttownhom esalesincreased by18% m onth-over-m onth,to282,and were44% below August 2021. Thesales-to-listing ratio fortow nhom esin theG reater Vancouverboard area,at27% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$941,500,a 5% decreasefrom Julyand 5% aboveAugust2021. Theaveragesold pricewas$1,005,567,6% below last m onth;theaveragePSF salepricewas$732,down 0.4% tolastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 6% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 0.8% VS 2021

▲ 5% VS 2021

▲ 28% VS 2021

▼ 44% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 61% 500 825

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

27% 282 1,052

6% 0.8% 5% -56% -44% 28%

21% 240 1,140

27% 18% -8%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$732 $1,005,567 $941,500

$735 $1,066,272 $990,000

-0.4% -6% -5%

$693 $997,438 $899,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,140

1,127

1,052

1,107

792

921

825

754

629

597

599

667

500

409

387

501

503

493

477

467

446

441

365

282

284

240

$1.10M $1.10M $1.15M

$1.10M $1.03M

$1.01M $990K $942K

$995K $969K

$899K $960K $945K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

250

39

4+ bdrms

186

200

153

150

3 bdrms

56%

594

48%

100

39%

82

25%

23%

2 bdrms

50

15%

241

12%

7%

0

8

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

<2 bdrms

S-L RATIO SALES INVENTORY

13 3 23%

29 14 48%

106 59 56%

241 93 39%

244 60 25%

191 29 15%

160 19 12%

7%

31

68 5

Copyright© Septem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber7,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 9 ●

greatervancouverboard area CONDO -AUGUST 202

SALES TO LISTINGSRATIO 25% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 5% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 7% VS 2021

▲ 7% VS 2021

▼ 5% VS 2021

▼ 38% VS 2021

Therewere3,969 condolistingsin theG reater Vancouverboard areain August,7% below Julyand 5% lowerthan August2021. Augustcondosalesdecreased by5% m onth-over-m onth, to1,006,and were38% below August2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

Thesales-to-listing ratio forcondosin the G reater Vancouverboard area,at25% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

1,006 3,969

1,632 4,166

-35% -38% -5%

1,063 4,269

-5% -7%

Thecondom edian pricein Augustwas$690,000,a0.4% decreasefrom Julyand 7% aboveAugust2021. Theaveragesold pricewas$789,861,0.9% below last m onth;theaveragePSF salepricewas$917,up 0.2% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$917 $789,861 $690,000 25%

$875 $739,437 $645,000 39%

$915 $796,893 $693,000 25%

0.2% -0.9% -0.4% 1.8%

5% 7% 7%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

4,397

4,136

4,166

4,332 4,269

3,969

3,838 3,412

3,684

3,227

2,856

2,313

2,546

1,863

2,396

1,808 1,827

1,604

1,632

1,692

1,630

1,464

1,315

1,326

1,006

1,063

$735K $717K $698K $693K $690K

$725K $735K $740K

$645K $655K $655K $668K $680K

REBGV

FVREB

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

1200

41 3

1000

4+ bdrms

800

62

3 bdrms

600

503

46%

43%

400

33%

517

22%

2 bdrms

17%

2,201

200

13%

6% 6%

0

424

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

<2 bdrms

S-L RATIO SALES INVENTORY

107 46 43%

615 284 46%

1,110 363 33%

792 172 22%

381 63 17%

287 36 13%

311 20 6%

366 22 6%

1,224

Copyright© Septem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber7,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 10 ●

fraservaley board area DETACHED -AUGUST 202

SALES TO LISTINGSRATIO 13% BALANCEDMARKET

▶ MARKETSUMMARY Therew ere 2,798 detached listingsin the FraserValey board areain August,8% below Julyand 52% higherthan August2021. Augustdetached hom esalesincreased by6% m onth-over-m onth,to363,and were57% below August 2021. Thesales-to-listing ratio fordetached in the FraserValey board area,at13% ,reflected abalanced m arket.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▼ 0.3% VS 2021

▼ 1.2% VS 2021

▲ 52% VS 2021

▼ 57% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

13% 363 2,798

46% 840 1,843

-0.3% -1.2% -72% -57% 52%

11% 344 3,031

-6% -6% 14% 6% -8%

Thedetachedm edian pricein Augustwas$1,340,000,a 6% decreasefrom Julyand 1.2% below August2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$1,478,269,6% below last m onth and down 0.3% toAugust2021.

$1,568,274 $1,420,000

$1,478,269 $1,340,000

$1,482,581 $1,356,500

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

3,122

2,957

3,031

2,798

1.85

2,227

2,581

1.70

1.69

1.58

1.57

1,788

1,741

1.53

1,843

1,306

1,514

1,017

909

806

777

1,054

840

426

744

739

694

608

363

523

484

344

$1.75M $1.78M $1.70M

$1.61M $1.53M

$1.48M $1.42M $1.34M

$1.45M $1.56M $1.58M

$1.36M $1.41M

Aug.-21

Jul.-22

Aug.-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

800

600

400

37%

26%

23%

200

22%

19%

9%

7%

5%

3%

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-L RATIO SALES INVENTORY

72 19 26%

26 6 23%

132 29 22%

245 90 37%

506 95 19%

791 73 9%

357 26 7%

258 14 5%

411 11 3%

Copyright© Septem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber7,202 .Aldatafrom RealEstate BoardofGreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycan otbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.

11

fraservaley board area TOWNHOME-AUGUST 202

SALES TO LISTINGSRATIO 24% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere1,155 townhom elistingsin theFraserValey board areain August,11% below Julyand 109% higher than August2021. Augusttownhom esalesincreased by20% m onth-over-m onth,to281,and were45% below August 2021. Thesales-to-listing ratio fortow nhom esin theFraser Valey board area,at24% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$790,000,a 6% decreasefrom Julyand 7% aboveAugust2021. Theaveragesold pricewas$807,257,5% below last m onth;theaveragePSF salepricewas$512,down 4% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 6% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 9% VS 2021

▲ 7% VS 2021

▲ 109% VS 2021

▼ 45% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 93% 512 552

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

24% 281 1,155

-74% -45% 109%

18% 235 1,304

35% 20% -11%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$512 $807,257 $790,000

$534 $848,263 $840,000

-4% -5% -6%

$481 $739,621 $735,000

6% 9% 7%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,246

1,3271,304

1,155

924

1,082

628

622

514

508

552

438

416

362

512

320

447

445

409

391

376

360

281

290

235

200

$930K $970K $949K

$913K $870K $855K

$840K $790K

$824K $870K

$735K $765K $786K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

500

49

4+ bdrms

294

400

151

300

3 bdrms

618

200

37%

28% 27%

80

2 bdrms

19%

16%

100

238

13%

10%

0

5 1

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

<2 bdrms

S-L RATIO SALES INVENTORY

18 5 28%

74 20 27%

344 126 37%

510 98 19%

153 25 16%

46 6 13%

10 1 10%

Copyright© Septem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber7,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 12 ●

fraservaley board area CONDO -AUGUST 202

SALES TO LISTINGSRATIO 25% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere1,234 condolistingsin theFraserValey board areain August,4% below Julyand 32% higherthan August2021. Augustcondosalesdecreased by15% m onth-over-m onth,to304,and were49% below August 2021. Thesales-to-listing ratio forcondosin the FraserValey board area,at25% ,reflected aselers'm arket. Thecondom edian pricein Augustwas$514,950,a4% decreasefrom Julyand 11% aboveAugust2021. Theaveragesold pricewas$540,021,3% below last m onth;theaveragePSF salepricewas$642,down 2% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 14% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 10% VS 2021

▲ 11% VS 2021

▲ 32% VS 2021

▼ 49% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 64% 598 937

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

25% 304 1,234

14% 10% 11% -61% -49% 32%

28% 356 1,290

-11% -15% -4%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$642 $540,021 $514,950

$658 $556,003 $535,000

-2% -3% -4%

$562 $489,516 $465,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,231

1,314

1,234

1,290

905

937

849

997

764

660

801

779

542

598

614

407

562

555

548

517

451

415

420

304

373

356

$572K $570K $567K

$548K $540K $535K $515K

$529K $564K

$481K $510K

$465K $473K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

600

4+ bdrms

4

500

400

16

3 bdrms

93

300

33%

200

191

2 bdrms

18%

17% 16%

17%

769

100

0

97

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

<2 bdrms

S-L RATIO SALES INVENTORY

157 28 18%

618 206 33%

351 59 17%

61 10 16%

26 0 n/a

11 0 n/a

6 1 17%

4 0 n/a

368

Copyright© Septem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber7,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 13 ●

burnabynorth DETACHED -AUGUST 202

SALES TO LISTINGSRATIO 23% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 1.6% VS 2021

▲ 3% VS 2021

▲ 4% VS 2021

▼ 7% VS 2021

Therewere109 detachedlistingsin BurnabyN orth in August,11% below Julyand 4% higherthan August2021. Augustdetached hom esalesdecreased by11% m onth-over-m onth,to 25,and were7% below August 2021. Thesales-to-listing ratio fordetached in Burnaby N orth, at23% ,reflected aselers'm arket.

THISMONTH No. $1,872,272 $1,750,000 23% 25 109

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$1,842,621 $1,700,000 26% 27 105

1.6% 3% -11% -7% 4%

$2,258,417 $2,082,500 23% 28 122

-17% -16% -0.1% -11% -11%

Thedetachedm edian pricein Augustwas$1,750,000,a 16% decreasefrom Julyand 3% aboveAugust2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$1,872,272,17% below last m onth and up 1.6% toAugust2021.

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

131

122

18

109

100

105

2.27

2.27

87

2.15

80

93

84

64

47

61

59

38

37

1.44

30

28

40

27

33

25

32

30

1.15

22

1.14

17

$2.30M $2.17M $2.12M

$2.13M $2.20M $2.04M $2.08M

$1.93M $1.99M

$1.75M

$1.70M $1.68M $1.82M

Aug.-21

Jul.-22

Aug.-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

30

67%

20

50%

10

19%

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-L RATIO SALES INVENTORY

3 2 67%

30 15 50%

36 7 19%

15 1 7%

25 0 n/a

Copyright© Septem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber7,202 .Aldatafrom RealEstate BoardofGreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycan otbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.

14

burnabynorth TOWNHOME-AUGUST 202

SALES TO LISTINGSRATIO 14% BALANCEDMARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 5% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 9% VS 2021

▲ 3% VS 2021

▼ 5% VS 2021

▼ 85% VS 2021

Therewere36 townhom elistingsin BurnabyN orth in August,5% below Julyand 5% lowerthan August2021. Augusttownhom esalesdecreased by38% m onth-over-m onth,to 5,and were85% below August 2021. Thesales-to-listing ratio fortow nhom esin Burnaby N orth,at14% ,reflected abalanced m arket. Thetownhom em edian pricein Augustwas$770,000,a 21% decreasefrom Julyand 3% aboveAugust2021. Theaveragesold pricewas$872,200,1.4% below last m onth;theaveragePSF salepricewas$647,down 3% to lastm onth.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$647 $872,200 $770,000 14% 5 36

33 38

-84% -85% -5%

$668 $884,500 $969,000 21% 8 38

-3% -1.4% -21% -34% -38% -5%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$615 $801,712 $750,000 87%

5% 9% 3%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

35

38 37

38 36

33

33

33

29

26

25

23

24

23

18

17

15

18

18

17

16

12

12

1

8

5

$969K

$950K $989K $978K

$919K

$857K $883K $905K

$860K

$789K $750K

$770K

$750K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

10

1

4+ bdrms

6

8

1

6

3 bdrms

20

4

30%

3

25%

2 bdrms

2

10

10%

0

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

<2 bdrms

S-L RATIO SALES INVENTORY

2 0 n/a

10 3 30%

10 1 10%

7 0 n/a

4 1 25%

3 0 n/a

Copyright© Septem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber7,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 15 ●

burnabynorth CONDO -AUGUST 202

SALES TO LISTINGSRATIO 31% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 1.5% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 4% VS 2021

▲ 3% VS 2021

▼ 5% VS 2021

▼ 25% VS 2021

Therewere287 condolistingsin BurnabyN orth in August,5% below Julyand 5% lowerthan August2021.

Augustcondosalesincreased by10% m onth-over-m onth, to88,and were25% below August2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 39% 117 302

% Change

No.

% Change

Thesales-to-listing ratio forcondosin Burnaby N orth,at 31% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

$835 $689,905 $676,000 31% 88 287

1.5% 4% 3% -21% -25% -5%

$867 $686,398 $671,000 27% 80 301

-4% 0.5% 0.7% 15% 10% -5%

Thecondom edian pricein Augustwas$676,000,a0.7% increasefrom Julyand 3% aboveAugust2021. Theaveragesold pricewas$689,905,0.5% abovelast m onth;theaveragePSF salepricewas$835,down 4% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$823 $662,269 $655,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

286

302

309

287

300 301

297

208

200

230

176

167

180

132

127

124

124

160

145

17

12

88

104

101

96

80

$778K $750K $729K

$693K $700K

$699K $650K $671K $676K

$655K $665K $650K $644K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

100

4+ bdrms

80

60

64%

4

3 bdrms

31

42%

40

57

2 bdrms

20

17%

181

11%

7%

6%

0

27

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

<2 bdrms

S-L RATIO SALES INVENTORY

4 0 n/a

47 30 64%

96 40 42%

81 14 17%

31 2 6%

9 1 11%

14 1 7%

5 0 n/a

75

Copyright© Septem ber7,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber7,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 16 ●

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