the weekly rennie brief: The Latest Canadian Economic Initiatives - April 3, 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:
Compared to the previous two weeks, this past week saw fewer new economic stabilization initiatives rolled out by the federal and provincial governments (and no new programmes were announced by the Bank of Canada). Having said that, additional clarity was provided for the federal wage subsidy plan and CERB, while BC announced the formation of an economic recovery task force. 

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

Buyers were once again a scarce commodity within the Central Okanagan’s housing market in October, with high interest rates both continuing to weigh on demand and yielding an inventory level above the long-term average.

Ester Hsieh
Personal Real Estate Corporation
intelligence

While November may have seen fewer new listings come to market in the Central Okanagan than October, the month’s total was still well above what’s typical for this time of year. And as sales counts continue to dwindle, inventory has remained above the 2,000-home threshold now for the sixth consecut…

Ester Hsieh
Personal Real Estate Corporation
intelligence

As the vice on housing supply loosens, and the one on demand tightens, Vancouver’s housing market is moving in the direction of more balance. Despite this, interest rates and home prices are conspiring to make housing more expensive. 

Ester Hsieh
Personal Real Estate Corporation