Feb 01, 2023
Written by
Ryan BerlinSHARE THIS
The rennie outlook, now in its third annual iteration, is a compendium of predictions of key macroeconomic, demographic, and housing-related measures for the coming year, including pre-sale and resale counts, home price and rent forecasts, interest rate and inflation expectations, and jobs and wages projections. We hope you find the predictions, and the explanations behind them, to be useful in whatever context you're applying them.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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