the weekly rennie bulletin: The Latest Canadian Economic Initiatives - May 22, 2020

The rennie intelligence team is as committed as ever to keeping you informed of how our evolving context is impacting our economy. With this in mind, the team is now publishing a weekly summary every Friday outlining the latest policy changes, financial market interventions, and other relevant actions aimed at supporting Canadians during these uncertain times.

In this week's issue:
In addition to broadening the eligibility for the Canada Emergency Wage Subsidy program, Canada's federal government announced a number of new support programs over the past two weeks. These also include: the Large Employer Emergency Financing Facility, grants for fish harvesters, and income supplements for seniors.  

Our rennie intelligence team comprises our in-house demographer, senior economist, and market analysts. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. Experts in urban land economics, community planning, shifting demographics, and real estate trends, their strategic research supports a comprehensive advisory service offering and forms the basis of frequent reports and public presentations. Their thoughtful and objective approach truly embodies the core values of rennie.

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intelligence

December’s inertia—or rather, inert market conditions—carried into January, featuring subdued sales and lethargic listings in the Vancouver Region. The detached home segment, having previously been balanced, now favours buyers.

Allison Lafrenier
RENNIE ADVISOR
intelligence

Benchmark prices increased in the Vancouver Region for the second consecutive month, even as borrowing costs remain elevated. The enduring sellers’ market reflects increasing sales counts against a backdrop of stagnant inventory.

Allison Lafrenier
RENNIE ADVISOR
intelligence

In March, total MLS sales rose by 50% from February, which was a much larger jump than the typical 28% increase. Last month’s total of 4,022 sales, however, was 25% below the past 10-year March average. Inventory, on the other hand, only increased by 3% from the previous month and ended March 25% b…

Allison Lafrenier
RENNIE ADVISOR