Apr 15, 2021
Written by
Ryan BerlinSHARE THIS
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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The latest release of Consumer Price Index (CPI) data from Statistics Canada saw a reversal of recent trends in headline inflation. Overall, the annual rate of inflation ticked up in March, to 2.9%, after two consecutive monthly decreases. However, in spite of the directional change to the headline rate, there’s a lot of good news for consumers (and the Bank of Canada) underneath the hood of the total CPI.
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Twice a year, rennie intelligence produces the rennie landscape, which tracks a variety of demographic and economic indicators that directly and indirectly influence the housing markets of Metro Vancouver, Greater Victoria, and the Central Okanagan. Our goal is to provide our community with a basis for evaluating the trajectory of the factors that collectively define the context of the real estate market.
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