Inflated Rates, Deflated Demand, and Prices in Decline - November 2022

In this episode, we join Managing Broker, Justine Loo, Senior Economist and Director of rennie intelligence, Ryan Berlin, Senior Analyst, Ryan Wyse, along with rennie advisor, Salina Kai, to review the latest residential data for the Vancouver Region and discuss three key insights gleaned in October 2022:The performance of our housing market is being singularly influenced by one factor-inflation-more than at any point in recent memoryWe’re in the midst of a market slowdown that we haven’t experienced in ten yearsBeware…. median and average price changesFeatured guests:Justine Loo, Managing BrokerRyan Berlin, Senior Economist and Director of IntelligenceRyan Wyse, Senior Analyst, Intelligence  Salina Kai, rennie advisorAdditional readingthe rennie review - November 2022the rennie advance - November 2022The rennie podcast was created as another way of sharing our passion for homes, housing, community, and cities. We hope that this will spark the same curiosity in you that we have for everything real estate.Receive insights, analysis, and perspective from our rennie intelligence team on the Lower Mainland's real estate market. Register here for the latest market updates.