the weekly rennie bulletin: The Latest Canadian Economic Initiatives - May 8, 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:
With the economy stabilizing over the past couple of weeks, fewer safety net measures and spending programs are being introduced by governments. And as a sign that the focus is increasingly shifting to the recovery as opposed to mitigating economic fallout, BC's government announced their plan to restart the provincial economy over the coming months.

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

Though October brought directional changes in sales counts and listings from September, the Central Okanagan’s housing market otherwise bore a strong resemblance to the previous month, with buyers’ market conditions continuing to persist.

Ester Hsieh
Personal Real Estate Corporation
intelligence

The typical October spike in sales was absent from the Vancouver Region’s housing market as high interest rates continued to weigh on demand. Instead, it was the supply side of the ledger that saw an increase last month—another seasonal anomaly.

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