the rennie advance - September 2020

highlights • Total sales in the Vancouver Region reached 5,000 again in August. Though this was slightly below July’s tally (by 3%) it was well above that of August 2019 (by 44%) and was the highest sales count for the month of August since 2009. • When segmented by home types, ground-oriented homes experienced the largest year-over- year increases, with detached home sales up 63% and townhomes up 59% (condo sales were 21% higher). • Ground-oriented homes also accounted for the majority of sales, with detached homes representing 42% of sales (slightly below its past-decade average of 43%) and townhomes representing 21% (higher than its past-decade average of 18%). Condos accounted for 35% of sales, which was lower than its past-decade average of 37%.

THE RENNIE ADVANCE

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Copyright © 2020 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 3, 2020. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.

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