the rennie landscape - Fall 2020

The unexpected and unprecedented changes that occurred globally in the wake of the covid-19 outbreak derailed an economic expansion that was into its tenth year here in Canada. While virtually all economic, demographic, and housing market measures swiftly and significantly diverged from trend beginning in March, prompt fiscal and monetary responses combined with a slow-but-steady re-opening plan for the economy worked to rehabilitate the labour market. Here in Metro Vancouver, the housing market has shown considerable resilience and is likely to remain active for the foreseeable future due to low-interest rates and a recovering economy.   

Twice a year, rennie intelligence produces the rennie landscape, that tracks a variety of demographic and economic indicators that directly and indirectly influence our housing market here in Metro Vancouver. Our goal is to provide our community with a basis for evaluating the trajectory of the factors that collectively define the context for the real estate market.

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

Benchmark Price Infographics for detached, townhomes, and condos in the areas of the Vancouver Region covered in the monthly rennie review.

Ester Hsieh
Personal Real Estate Corporation
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.

Ester Hsieh
Personal Real Estate Corporation
intelligence

Prices continued to climb in May, with the Vancouver Region recording its first month of over 5,000 MLS sales since March 2022. New listings are gaining steam, it’s true, but overall supply remains low, which continues to tilt the real estate landscape toward sellers as we head into the summer sea…

Ester Hsieh
Personal Real Estate Corporation