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…

Joanne Hoekstra
RENNIE ADVISOR
intelligence

The expectedly sluggish summer resale market continued into and through August, with sales counts flat and inventory further constrained compared to July, yielding a second straight month of balanced conditions.SalesThe 2,850 MLS sales in the Vancouver Region in August were up–barely— by 0.1% compa…

Joanne Hoekstra
RENNIE ADVISOR
intelligence

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

Joanne Hoekstra
RENNIE ADVISOR