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It's not news to anyone in search of a property, for living or investing, that the Vancouver residential real estate market continues to be red-hot. Recent data released by the Real Estate Board of Greater Vancouver (REBGV) confirms this, with residential property sales up 24% in March over February's numbers. In fact, March was the highest-selling month the REBGV ever recorded according to president Dan Morrison.

Benchmark pricing for all residential properties across Metro Vancouver is placed at $815,000, a 23.2% hike in just the last year. Average detached properties soared to above $1.34 Million in the same period (a leap of over 27%).

For your reading pleasure, please click here for the latest edition of the Rennie Review. Inside you'll find valuable at-a-glance statistics and insights on the local Vancouver, Greater Vancouver and Lower Mainland real estate market.

ECONOMIC UPDATE: CANADA
MARKET SNAPSHOT: DOWNTOWN VANCOUVER
  • The number of listings increased by 1% to 385 active listings
  • The number of sales increased by 89%, 272 homes were sold in February
  • Compared to February 2015, listings decreased by 47% while sales decreased by 45%
  • The average sale price was $837K and the sale to list ratio was 0.71 which is a seller’s market
SALES LAUNCH SOON: 8X ON THE PARK

8X ON THE PARK offers a rare opportunity to live with an expansive park the size of a city block just outside your door.Steps from the very best of the city: destination dining, nightlife, boutiques, cafes, and the famous Vancouver Seawall. Luxury homes feature the finest quality finishes, furnishings and appliances, private balconies, and a stunning penthouse-level SkyLounge and SkyFitness Centre.

8X ON THE PARK is 35 storeys of scintillating sustainable design - a bold architectural statement in the heart of downtown Vancouver. Elevated above Emery Barnes Park featuring 200 luxury residences with a selection of over 100 3-bedroom estates, 8X on the park will change how you view downtown living.

Interested in more information? Email or call 604.657.7101 to register directly with me for VIP access, more info, a tour and exclusive buyer incentives.

This highly anticipated project will go quickly, so don't delay!