the rennie landscape - Spring 2022

Despite having collectively endured much tumult and change over the past 2 years, Metro Vancouver is decidedly in a much better place today than in those early months of 2020. And though clouds of uncertainty have recently accumulated—brought about by war in Europe, generationally-high inflation, and rising interest rates—we note that our labour market is strong, employers (generally) feel positive about business conditions and are looking to hire, and our province is poised for record population growth this year and beyond.

The current edition of the rennie landscape explores many of these topics and more. We hope that you not only find it useful in your practice, but enjoy reading it, too.

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

Sales activity in the Vancouver Region continued to slow in May, leading to a continued expansion of inventory. And for the first time since May 2020, conditions in the region’s detached home market are balanced.SalesTotal MLS sales in the Vancouver Region in May were 4,249, which was down by 12% v…

Ester Hsieh
Personal Real Estate Corporation
intelligence

The rennie review is a monthly publication which includes the latest real estate data for the Vancouver Region's housing market. In addition to presenting detailed neighbourhood-level stats, the rennie review also includes current rennie projects, featured listings, client testimonials, our take on…

Ester Hsieh
Personal Real Estate Corporation
intelligence

Swelling supply and declining demand have conspired to create more moderate conditions in the housing market of the Vancouver Region—so much so, in fact, that for the first time in two years the detached home segment shifted into balanced territory.The rennie review is a monthly publication, which …

Ester Hsieh
Personal Real Estate Corporation