the weekly rennie brief: The Latest Canadian Economic Initiatives - April 17, 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:
Notable economic stabilization policy announcements made this week include the Federal government expanding the coverage of their business loan programme, the introduction of a new emergency commercial rent assistance programme, and the Bank of Canada moving to support provincial government and corporate debt markets.

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 and sellers both ramped up their participation in Metro Vancouver’s housing market in May, with sales and new listings reaching levels not seen in at least a year.

Jake Kim
RENNIE ADVISOR
intelligence

Both our housing market and our labour market are showing signs of being impacted by the virtually unprecedented upward march of interest rates that began at the beginning of 2022. These changes will bring some challenges, but they may also usher in a period of moderating borrowing costs.

Jake Kim
RENNIE ADVISOR
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.

Jake Kim
RENNIE ADVISOR