the rennie landscape - Spring 2021

The past year has been like no other, with the ongoing Covid-19 pandemic disrupting how we work and how we socialize. As we rigorously and persistently monitor our economy and our housing market, we have grown almost accustomed to extreme data points, describing such things as record household savings, unprecedented public debt accumulation, rock-bottom interest rates, and immigration flows that, at one point, all but dried up.   

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

April marked the third straight month of increasing home sales counts in the Vancouver Region, with buyers keeping up the pressure on supply. Indeed, continued demand combined with new listings lethargy means a material inventory expansion will likely be elusive in the months ahead.

Randy Rinaldo
Personal Real Estate Corporation
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.

Randy Rinaldo
Personal Real Estate Corporation
intelligence

Prices continued to climb in May, with the Vancouver Region recording its first month of over 5,000 MLS sales since March 2022. New listings are gaining steam, it’s true, but overall supply remains low, which continues to tilt the real estate landscape toward sellers as we head into the summer sea…

Randy Rinaldo
Personal Real Estate Corporation