the rennie review - August 2022

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

published August 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 August 4, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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

Vancouver’s housing market regaining its balance

A decline in overall sales and listings activity has ushered the Vancouver Region’s housing market into balance for the first time in more than two years. For each individual product type, however, market conditions vary.

inventory) were, at 6,129, the lowest recorded for any July since 2002.

All of this has nudged overall market conditions into balanced territory for the first time in more than two years, as the sales-to-listings (S-L) ratio for July came in at 18% (anything between 12% and 21% is considered a balanced market). The situation facing each of the individual home types, however, differs. The detached home segment, for instance—the first segment to achieve balance back in May—now favours buyers, with its S-L ratio of just under 12%. Townhomes, meanwhile, are demonstrating balanced conditions, with an S-L ratio of 19%, while the condo market continues to favour sellers, though at a rapidly-ebbing S-L ratio of 25% in July. The early returns for August are following a similar pattern to July: that is, slower sales activity and marginally declining supply. And with the trajectory of macroeconomic conditions—the labour market, inflation, and interest rates, specifically—remaining unchanged for the time being, we expect these latest trends to continue into at least early September.

With summer now in full swing—the kids are out of school and Vancouverites are traveling in large numbers—conditions in our local housing market continue to evolve in predictable ways. Specifically, MLS activity on both sides of the supply and demand ledger was down in July, as would-be sellers and buyers hit pause after a frenetic two years of activity and recently rapidly rising interest rates to spend more time at parks, on patios, and on planes. The result of this slowdown in activity is that overall market conditions no longer favour sellers (or buyers) for the first time since May 2020. So how did we get to this currently- balanced market? Certainly, and most simply, the biggest factor is declining sales counts. Overall sales in the Vancouver Region declined 23% in July when compared with June, were 46% below the total from July 2021, and were 38% lower than the

past 10-year July average. In fact, the 2,850 sales last month represents the lowest total for a July in more than two decades, going all the way back to the year 2000. And while sales counts were down substantially across each product type, demand for detached homes sagged the most, with the 877 sales in July lower by 54% than the past 10-year average, while townhome sales (480) and condo sales (1,421) were 44% and 17% lower, respectively. As noted, however, sales weren’t the only metric on the decline in July. After six consecutive months of increases, total listings decreased last month to 15,975, a 2% drop. Inventory remains well below the historical norm for this time of year, with July’s total listings finishing 17% below the past 10-year average for the month. Notably, inventory declined even as sales counts waned, as new listings in July (that is, the number of listings added to existing

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 August 4, 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

Shaw Tower

$4,499,000 | SQUAMISH 40543 Thunderbird Ridge 4 Bed, 2,700 SF

$3,498,000 | WEST VAN

$2,999,900 | COAL HARBOUR 3104 - 1077 W. Cordova Street 2 Bed, 1,363 SF

4621 Birchfeild Place 4 Bed, 3,217 SF Eric Langhjelm PREC* 778.688.4149

Liz Kaiser 604.848.8804

Jane Chu PREC* 778.886.3303

House

House

House

$2,899,000 | SQUAMISH

$2,599,900 | BURNABY NORTH

$2,499,000 | SURREY

2916 Snowberry Place 5 Bed, 4,500 SF

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

8697 166b Street 8 Bed, 5,649 SF Harp Sohal 604.781.1307

Jeevan Gill 604.617.2159

Mirabel

House

Telus Garden

$2,474,900 | WEST END 1603E - 1365 Davie Street 2 Bed, 1,329 SF

$1,999,900 | SQUAMISH

$1,688,000 | DOWNTOWN 4806 - 777 Richards Street 2 Bed, 1,135 SF

39705 Clark Road 2 Bed, 2,050 SF Will Black 778.847.7378

Julian Proctor 604.220.6924

Brandan Price PREC* 604.765.9555

Wintergreen Place At Langara $1,249,000 | CAMBIE 115 - 444 W. 49th Avenue 2 Bed, 1,339 SF

Seymour Village $1,549,900 | NORTH VAN

Quartet

$998,000 | SOUTH MARINE PH1008 - 3451 Sawmill Crescent 2 Bed, 959 SF

4 - 3596 Salal Drive 3 Bed, 1,872 SF Danny Chow PREC* 604.765.2469

Calvin Kan PREC* 604.616.8373

Hanson Lu PREC* 604.787.2578

Espana

Pelican Cove $899,900 | LADNER 133 - 1894 Osprey Drive 3 Bed, 1,305 SF

Compass $869,900 | SURREY 11 - 18777 68a Avenue

$979,000 | DOWNTOWN 802 - 689 Abbott Street 2 Bed, 935 SF

3 Bed, 1,562 SF Laura Benitez 604.351.2002

Pavel Stepczynski 604.722.6043

Allison Lafrenier 604.612.1271

Amazing Brentwood 3 $838,000 | BURNABY NORTH 1505 - 4650 Brentwood Boulevard 2 Bed, 777 SF Reggie Tanzola PREC* 778.917.6889

Townhome

Brooklynn

$849,000 | PORT COQUITLAM

$845,000 | NORTH VAN 604 - 1496 Charlotte Road 2 Bed, 879 SF

A - 3374 Sefton Street 4 Bed, 1,711 SF Brandon Blue PREC* 604.999.7792

Phil Chang PREC* 604.754.6678

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 June 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 -JULY 202

SALES TO LISTINGSRATIO 12% BUYERS'M ARKET

▶ MARKETSUMMARY Therewere7,368 detached listingsin theVancouver Region in July,3% below Juneand 18% higherthan July 2021. July detached hom esalesdecreased by 20% m onth-over-m onth,to 877,and were54% below July 2021. Thesales-to-listing ratio fordetached in the Vancouver Region,at12% ,reflected abuyers'm arket.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 9% VS 2021

▲ 10% VS 2021

▲ 18% VS 2021

▼ 54% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

12% 877 7,368

1,899 6,236

9% 10% -61% -54% 18%

1,090 7,584

-17% -20% -3%

Thedetachedm edian pricein Julywas$1,600,000,a3% decreasefrom Juneand 10% aboveJuly2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,908,717 $1,650,000 14%

$1,699,314 $1,450,000 30%

Theaveragesold pricewas$1,856,230,3% below last m onth and up 9% toJuly2021.

-3% -3%

$1,856,230 $1,600,000

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

7,193

7,584

7,368

6,236

1.85

5,481

5,397

6,295

1.80

1.79

5,531

4,587

4,181

4,694

1.44

1.42

1.38

3,318

2,319

3,120

1,879

1,794

1,899

1,090

1,788

1,752

1,697

1,571

1,490

877

1,284

1,150

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

$1.65M $1.60M

$1.60M $1.69M $1.69M

$1.45M $1.48M $1.54M

Jul-21

Jun-22

Jul-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

2000

1500

1000

28%

500

23%

21%

19%

17%

14%

12%

7%

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+ 1,890 85 4%

S-L RATIO SALES INVENTORY

130 27 21%

69 16 23%

223 43 19%

418 117 28%

954 162 17%

1,863 257 14%

946 113 12%

875 57 7%

Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.

5

vancouverregion TOWNHOME-JULY 202

SALES TO LISTINGSRATIO 19% BALANCEDMARKET

▶ MARKETSUMMARY Therewere2,445 townhom elistingsin theVancouver Region in July,0.4% aboveJuneand 46% higherthan July 2021. Julytownhom esalesdecreased by38% m onth-over-m onth,to 475,and were52% below July 2021. Thesales-to-listing ratio fortow nhom esin theVancouver Region,at19% ,reflected abalanced m arket. Thetownhom em edian pricein Julywas$893,000,a2% decreasefrom Juneand 14% aboveJuly2021. Theaveragesold pricewas$958,457,4% below last m onth;theaveragePSF salepricewas$636,down 7% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 9% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 13% VS 2021

▲ 14% VS 2021

▲ 46% VS 2021

▼ 52% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

19% 475 2,445

59% 987 1,674

9% 13% 14% -67% -52% 46%

32% 771 2,435

-39% -38% 0.4%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$636 $958,457 $893,000

$680 $999,541 $915,000

-7% -4% -2%

$581 $850,270 $781,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2021 ● JUL 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

2,445

2,373 2,435

2,003

1,678

1,674

1,306

1,252

1,227

1,076

1,377

942

987

782

771

766

1,013

1,001 973

925

912

895

801

475

587

574

$990K $1.02M $1000K $983K

$925K $915K $893K

$847K $880K $900K

$781K $790K $834K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

85

800

4+ bdrms

537

600

271

3 bdrms

1,317

400

113

26%

21% 19%

2 bdrms

200

15% 17%

549

13% 12%

8%

0

6

<$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

26 4 15%

101 17 17%

489 127 26%

881 183 21%

426 80 19%

269 36 13%

177 22 12%

8%

42

76 6

Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .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 -JULY 202

SALES TO LISTINGSRATIO 26% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 11% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 14% VS 2021

▲ 10% VS 2021

▼ 1.2% VS 2021

▼ 36% VS 2021

Therewere5,559 condolistingsin theVancouverRegion in July,-1.5% below Juneand 1.2% lowerthan July2021.

Julycondosalesdecreased by18% m onth-over-m onth,to 1,421,and were36% below July2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

Thesales-to-listing ratio forcondosin the Vancouver Region,at26% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

1,421 5,559

2,234 5,628

-36% -36% -1.2%

1,734 5,645

-1.6% -0.1% -1.5% -17% -18% -1.5%

Thecondom edian pricein Julywas$640,000,a1.5% decreasefrom Juneand 10% aboveJuly2021. Theaveragesold pricewas$736,021,0.1% below last m onth;theaveragePSF salepricewas$850,down 1.6% tolastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$850 $736,021 $640,000 26%

$764 $647,379 $583,000 40%

$864 $736,453 $650,000 31%

11% 14% 10%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2021 ● JUL 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

5,367

5,302

5,628

5,559

5,645

5,103

4,076

4,072

4,681

4,617

3,620

3,16

2,441

2,363

2,966

2,230

2,769

2,056

2,234

2,382

2,246

2,192

2,007

1,421

1,731

1,734

$680K $666K $650K $640K

$671K $695K $685K

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

$583K

VANCOUVERREGION REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

45 1

1500

4+ bdrms

1000

80

3 bdrms

603

39%

29%

500

786

24%

22% 22%

2 bdrms

3,135

10% 8%

5%

0

554

<$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

249 61 24%

1,340 517 39%

1,620 474 29%

881 194 22%

432 96 22%

327 32 10%

325 27 8%

385 20 5%

1,776

Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .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 -JULY 202

SALES TO LISTINGSRATIO 12% BALANCEDMARKET

▶ MARKETSUMMARY Therew ere 4,338 detached listingsin the G reater Vancouverboard areain July,3% below Juneand 7% higherthan July2021. July detached hom esalesdecreased by 19% m onth-over-m onth,to 532,and were49% below July 2021. Thesales-to-listing ratio fordetached in the G reater Vancouverboard area,at12% ,reflected abalanced market. Thedetachedm edian pricein Julywas$1,748,750,a3% decreasefrom Juneand 9% aboveJuly2021.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 6% VS 2021

▲ 9% VS 2021

▲ 7% VS 2021

▼ 49% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

12% 532 4,338

1,044 4,051

-52% -49% 7%

15% 658 4,463

-17% -19% -3%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

$1,919,861 $1,611,000 26%

Theaveragesold pricewas$2,044,130,3% below last m onth and up 6% toJuly2021.

$2,105,177 $1,800,000

-3% -3%

$2,044,130 $1,748,750

6% 9%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

4,236

4,463

4,338

4,051

3,656

1.79

3,254

1.77

1.76

3,714

3,688

2,875

2,799

3,180

1.48

1.47

1.42

2,264

2,21

1,298

1,092

1,007

985

1,044

957

935 950

532

793

795

658

623

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

$1.80M $1.75M

$1.76M $1.85M $1.85M

$1.61M $1.65M $1.67M

Jul-21

Jun-22

Jul-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

1600

1400

1200

1000

800

600

28%

25%

400

22%

20%

17%

16%

15%

200

7%

5%

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+ 1,461 70 5%

S-L RATIO SALES INVENTORY

56 14 25%

45 7 16%

96 19 20%

165 47 28%

400 86 22%

949 158 17%

575 88 15%

591 43 7%

Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.

8

greatervancouverboard area TOWNHOME-JULY 202

SALES TO LISTINGSRATIO 21% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere1,141 townhom elistingsin theG reater Vancouverboard areain July,3% aboveJuneand 18% higherthan July2021. Julytownhom esalesdecreased by41% m onth-over-m onth,to 240,and were53% below July 2021. Thesales-to-listing ratio fortow nhom esin theG reater Vancouverboard area,at21% ,reflected aselers'm arket. Thetownhom em edian pricein Julywas$990,000,a 2.0% decreasefrom Juneand 10% aboveJuly2021. Theaveragesold pricewas$1,066,355,5% below last m onth;theaveragePSF salepricewas$735,down 7% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 8% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 11% VS 2021

▲ 10% VS 2021

▲ 18% VS 2021

▼ 53% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 53% 508 964

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

21% 240 1,141

8% 11% 10% -60% -53% 18%

37% 409 1,108

-43% -41% 3%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$735 $1,066,355 $990,000

$787 $1,120,064 $1,010,000

-7% -5% -2%

$681 $958,408 $898,950

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2021 ● JUL 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,141

1,127

1,108

964

792

921

754

825

599

597

667

500

629

508

409

387

502

503

493

477

467

446

441

365

284

240

$1.10M $1.10M $1.15M $1.10M

$1.03M $1.01M $990K

$995K $969K

$899K

$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

300

40

250

4+ bdrms

202

200

139

3 bdrms

150

624

100

32%

29%

56

22%

2 bdrms

17%

17%

50

279

11%

8%

8%

0

5

<$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 1 8%

30 5 17%

135 43 32%

274 79 29%

241 54 22%

206 34 17%

166 18 11%

8%

36

76 6

Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .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 -JULY 202

SALES TO LISTINGSRATIO 25% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 9% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 12% VS 2021

▲ 7% VS 2021

▼ 4% VS 2021

▼ 37% VS 2021

Therewere4,269 condolistingsin theG reater Vancouverboard areain July,-1.4% below Juneand 4% lowerthan July2021. Julycondosalesdecreased by20% m onth-over-m onth,to 1,064,and were37% below July2021.

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

1,064 4,269

1,678 4,465

9% 12% 7% -34% -37% -4%

1,326 4,331

-0.1% 1.5% -0.8% -19% -20% -1.4%

Thecondom edian pricein Julywas$692,750,a0.8% decreasefrom Juneand 7% aboveJuly2021. Theaveragesold pricewas$796,661,1.5% abovelast m onth;theaveragePSF salepricewas$914,down 0.1% tolastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$914 $796,661 $692,750 25%

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

$916 $785,208 $698,000 31%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2021 ● JUL 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

4,397

4,465

4,136

4,269

4,331

4,166

3,412

3,838

3,684

3,227

2,313

2,856

2,546

1,863

2,396

1,808

1,827

1,605

1,678

1,694

1,632 1,630

1,464

1,064

1,315

1,326

$735K $716K $698K $693K

$725K $735K $740K

$650K $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

43 1

4+ bdrms

1000

800

62

3 bdrms

510

600

43%

32%

400

575

23% 22%

2 bdrms

20%

2,318

200

9% 8%

5%

0

426

<$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

115 23 20%

679 292 43%

1,236 401 32%

817 184 23%

404 88 22%

317 30 9%

320 26 8%

381 20 5%

1,398

Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .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 -JULY 202

SALES TO LISTINGSRATIO 11% BUYERS'M ARKET

▶ MARKETSUMMARY Therew ere 3,030 detached listingsin the FraserValey board areain July,3% below Juneand 39% higherthan July2021. July detached hom esalesdecreased by 20% m onth-over-m onth,to 344,and were60% below July 2021. Thesales-to-listing ratio fordetached in the FraserValey board area,at11% ,reflected abuyers'm arket.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 9% VS 2021

▲ 8% VS 2021

▲ 39% VS 2021

▼ 60% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

11% 344 3,030

39% 850 2,185

-71% -60% 39%

14% 428 3,121

-17% -20% -3%

Thedetachedm edian pricein Julywas$1,420,000,a4% decreasefrom Juneand 8% aboveJuly2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$1,568,274,3% below last m onth and up 9% toJuly2021.

$1,613,915 $1,475,000

-3% -4%

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

$1,434,080 $1,312,500

9% 8%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

2,957

3,030

3,121

1.80

2,227

2,581

1.73

1.69

2,185

1.62

1,788

1.58

1,741

1.57

1,843

1,306

1,514

1,018

909

840

806

1,054

850

428

777

744

740

694

609

523

344

485

$1.70M $1.61M $1.75M $1.78M

$1.56M $1.58M

$1.53M $1.48M $1.42M

$1.36M $1.41M $1.45M

$1.31M

Jul-21

Jun-22

Jul-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

1000

800

600

400

38%

28%

200

18%

18%

14%

11%

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

74 13 18%

24 9 38%

127 23 18%

253 70 28%

554 76 14%

914 99 11%

371 25 7%

284 14 5%

429 15 3%

Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.

11

fraservaley board area TOWNHOME-JULY 202

SALES TO LISTINGSRATIO 18% BALANCEDMARKET

▶ MARKETSUMMARY Therewere1,304 townhom elistingsin theFraserValey board areain July,1.7% below Juneand 84% higherthan July2021. Julytownhom esalesdecreased by35% m onth-over-m onth,to 235,and were51% below July 2021. Thesales-to-listing ratio fortow nhom esin theFraser Valey board area,at18% ,reflected abalanced m arket. Thetownhom em edian pricein Julywas$840,000,a 1.8% decreasefrom Juneand 15% aboveJuly2021. Theaveragesold pricewas$848,263,1.7% below last m onth;theaveragePSF salepricewas$534,down 4% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 12% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 15% VS 2021

▲ 15% VS 2021

▲ 84% VS 2021

▼ 51% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 67% 479 710

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

18% 235 1,304

12% 15% 15% -73% -51% 84%

27% 362 1,327

-4% -1.7% -1.8% -34% -35% -1.7%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$534 $848,263 $840,000

$559 $863,370 $855,000

$476 $735,585 $729,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2021 ● JUL 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,246

1,304

1,327

924

1,082

710

628

623

552

514

508

438

416

479

362

512

320

447

445

409

391

376

360

235

290

200

$970K $950K $913K

$870K $930K

$870K $855K $840K

$765K $786K $824K

$729K $735K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

600

45

4+ bdrms

335

500

400

132

3 bdrms

693

300

36%

200

57

24%

23%

2 bdrms

17%

17%

270

14%

100

3%

0

6 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

13 3 23%

71 12 17%

354 84 24%

607 104 17%

185 26 14%

63 2 3%

11 4 36%

Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .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 -JULY 202

SALES TO LISTINGSRATIO 28% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere1,290 condolistingsin theFraserValey board areain July,-1.8% below Juneand 11% higherthan July2021. Julycondosalesdecreased by13% m onth-over-m onth,to 356,and were36% below July2021.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 24% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 20% VS 2021

▲ 19% VS 2021

▲ 11% VS 2021

▼ 36% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

Thesales-to-listing ratio forcondosin the FraserValey board area,at28% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

28% 356 1,290

48% 555 1,163

24% 20% 19% -42% -36% 11%

31% 408 1,314

-5% -4% -0.9% -11% -13% -1.8%

Thecondom edian pricein Julywas$535,000,a0.9% decreasefrom Juneand 19% aboveJuly2021. Theaveragesold pricewas$556,003,4% below last m onth;theaveragePSF salepricewas$658,down 5% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$658 $556,003 $535,000

$695 $578,002 $539,800

$530 $463,451 $449,800

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2021 ● JUL 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,231

1,290

1,163

1,314

905

849

997

779

937

764

660

801

598

542

555

614

408

562

555

548

517

451

356

415

420

373

$564K $572K $570K

$567K $548K $540K $535K

$510K $529K

$450K $465K $473K $481K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

700

600

4+ bdrms

2

500

18

400

3 bdrms

93

300

34%

29%

200

28%

211

2 bdrms

20% 20%

19%

16%

817

100

0

127

<$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

134 37 28%

661 225 34%

384 73 19%

64 10 16%

28 8 29%

10 2 20%

5 1 20%

4 0 n/a

378

Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .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 -JULY 202

SALES TO LISTINGSRATIO 23% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 21% VS 2021

▲ 15% VS 2021

▲ 0.8% VS 2021

▼ 38% VS 2021

Therewere122 detachedlistingsin BurnabyN orth in July,-7% below Juneand 0.8% higherthan July2021. July detached hom esalesincreased by 27% m onth-over-m onth,to28,and were38% below July 2021. Thesales-to-listing ratio fordetached in Burnaby N orth, at23% ,reflected aselers'm arket.

THISMONTH No. $2,258,417 $2,082,500 23% 28 122

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

$1,870,564 $1,810,000 37% 45 121

21% 15% -38% -38% 0.8%

$2,271,718 $2,044,500 17% 22 131

37% 27% -7%

Thedetachedm edian pricein Julywas$2,082,500,a 1.9% increasefrom Juneand 15% aboveJuly2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$2,258,417,0.6% below last m onth and up 21% toJuly2021.

-0.6% 1.9%

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

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

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

131

18

122

121

100

2.38

105

87

80

2.15

93

2.02

84

64

45

61

59

38

37

47

30

1.46

1.44

40

28

1.32

32 33

30

27

22

17

$2.30M $2.17M $2.12M

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

$1.93M $1.99M

$1.81M $1.70M $1.68M $1.82M

Jul-21

Jun-22

Jul-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

40

30

20

40%

28%

24%

10

18%

13%

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

5 2 40%

43 12 28%

34 8 24%

17 3 18%

23 3 13%

Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.

14

burnabynorth TOWNHOME-JULY 202

SALES TO LISTINGSRATIO 21% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 8% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 4% VS 2021

▲ 8% VS 2021

▼ 30% VS 2021

▼ 68% VS 2021

Therewere38 townhom elistingsin BurnabyN orth in July,9% aboveJuneand 30% lowerthan July2021.

Julytownhom esalesdecreased by53% m onth-over-m onth,to8,and were68% below July2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

Thesales-to-listing ratio fortow nhom esin Burnaby N orth,at21% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

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

25 54

-55% -68% -30%

17 35

1.6% 1.2% 13% -57% -53% 9%

Thetownhom em edian pricein Julywas$969,000,a13% increasefrom Juneand 8% aboveJuly2021. Theaveragesold pricewas$884,500,1.2% abovelast m onth;theaveragePSF salepricewas$668,up 1.6% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

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

$657 $873,847 $860,000 49%

8% 4% 8%

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2021 ● JUL 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

54

38

37

35

38

33

33

29

33

26

25

23

25

18

24

17

23

15

18

18

17

16

12

12

1

8

$969K

$950K $989K $978K

$919K

$896K

$857K $883K $905K

$860K

$789K $750K

$750K

BURNABYNORTH REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

10

4+ bdrms

8

8

80%

5

6

3 bdrms

17

4

30%

3

2 bdrms

2

11

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%

5 4 80%

7 0 n/a

4 0 n/a

2

Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .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 -JULY 202

SALES TO LISTINGSRATIO 27% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 14% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 9% VS 2021

▲ 9% VS 2021

▼ 1.0% VS 2021

▼ 29% VS 2021

Therewere301 condolistingsin BurnabyN orth in July, 0.3% aboveJuneand 1.0% lowerthan July2021.

Julycondosalesdecreased by17% m onth-over-m onth,to 80,and were29% below July2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 37% 113 304

% Change

No.

% Change

Thesales-to-listing ratio forcondosin Burnaby N orth,at 27% ,reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

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

14% 9% 9% -28% -29% -1%

$861 $678,294 $649,500 32% 96 300

0.6% 1.2% 3% -17% -17% 0.3%

Thecondom edian pricein Julywas$671,000,a3% increasefrom Juneand 9% aboveJuly2021. Theaveragesold pricewas$686,398,1.2% abovelast m onth;theaveragePSF salepricewas$867,up 0.6% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$761 $631,158 $615,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUL 2021 ● JUL 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

286

304

301

309

302

300

297

208

200

230

176

167

180

132

127

124

124

160

145

13

17

12

104

101

80

96

$778K $750K $729K

$693K $700K

$699K $650K $671K

$665K $650K $644K

$615K $655K

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

4

60

3 bdrms

27

44%

40

36%

44

2 bdrms

15%

20

195

10%

8%

6%

0

32

<$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

61 27 44%

107 38 36%

72 11 15%

34 2 6%

10 1 10%

12 1 8%

3 0 n/a

79

Copyright© August4,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofAugust4,202 .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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