the rennie outlook 2021

The rennie outlook is our annual compendium of housing, demographic, and economic predictions for the year ahead.

In this 2021 edition, we provide our outlook for Metro Vancouver in the year ahead, including rising immigration levels, a continued recovery in employment, and robust resale and pre-sale housing activity.    

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

Considering the broader macroeconomic context—characterized by high inflation, high and rising interest rates, and a tight labour market—the prevailing lethargic supply and demand dynamic in the Vancouver Region in November was not unexpected. That said, sales counts are particularly low, with the …

Randy Rinaldo
Personal Real Estate Corporation
intelligence

Dulled demand and scarce supply once again characterized Vancouver’s housing market dynamics in December, with the continued lack of clarity about the path of inflation and interest rates reducing sales counts to their lowest level since 2008 and thrusting inventory below 10,000 for the first time…

Randy Rinaldo
Personal Real Estate Corporation
intelligence

December’s inertia—or rather, inert market conditions—carried into January, featuring subdued sales and lethargic listings in the Vancouver Region. The detached home segment, having previously been balanced, now favours buyers.

Randy Rinaldo
Personal Real Estate Corporation