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New data from Statistics Canada indicates that non-permanent residents (NPRs) consume less housing (357 homes per 1,000 people) than Canadian-born individuals (397 homes)--an insight that informs our understanding of the potential impacts on housing of an almost 1-million-person decline in NPRs in Canada in 2025 and 2026.

Canadian consumer price inflation now sits at 1.7%, down from 2.3% one month earlier--largely on account of the removal of the carbon tax. Core inflation, in contrast, crept upwards, passing 3%.

Economy

the rennie landscape | Vancouver | Spring 2025

We are pleased to present our Spring 2025 edition of the rennie landscape. Focusing on Metro Vancouver, this edition of the rennie landscape examines various facets of economic and demographic change, to provide clarity on the forces shaping our housing markets and and consider what the future may hold.

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what’s driving Seattle's housing fates? people, rates, or both? | the spring 2025 Seattle rennie landscape
2025-05-27 • Episode75

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Featured Report
first-featured-report-imagethe rennie landscape | Seattle | Spring 2025

We are pleased to present our Spring 2025 edition of the Seattle rennie landscape. Just as it seemed we were beginning to emerge from a difficult period of economic anxiety, new tariff-induced uncertainties have appeared on the horizon. But there is plenty to be optimistic about, and these bright spots are worth holding on to. The labor market continues to show resilience, and a closer examination of our debt levels reveals welcome breathing room. Washington State is also bolstered by a dynamic local job market, and a growing population that continues to drive our region's economy forward.

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The Kelowna Rennie Review | May 2025

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The Coachella Valley Rennie Review | May 2025

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The Seattle Rennie Review | May 2025

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THE LATEST

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The uncertainty associated with Canada's ongoing trade scuffle with the United States is weighing down housing demand.

Ryan Berlin

Head Economist and VP of Intelligence

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what’s driving Seattle's housing fates? people, rates, or both? | the spring 2025 Seattle rennie landscape

May 2025 • Episode 75

prices, policies & population shifts: what’s ahead for housing?

April 2025 • Episode 74

trade tiffs & housing riffs: wonking out with Brendon Ogmundson

March 2025 • Episode 73

should Canadians be tariff-ied of what's to come?

February 2025 • Episode 72

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Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.

Disclaimer: This is not an offering for sale. Any such offering can only be made by way of disclosure statement. E&OE. The developer reserves the right to make changes and modifications to the information herein without prior notice. Photos and renderings are representational only and may not be accurate.