It is our pleasure to present the Spring 2026 edition of the rennie landscape.
It has been, to put it mildly, a challenging four years. Since 2022, we've navigated a cycle marked by generationally high inflation and a rapid rise in interest rates, followed by a mushy labour market and general economic malaise. And for the first time ever, British Columbia’s population shrank last year.
Looking ahead, we anticipate this year will also be challenging. A new war has broken out in the Middle East, sentiment remains bearish among businesses and consumers alike, and we can expect further population decline. In the Central Okanagan's housing market, inventory remains elevated, sales are sluggish, and prices continue to retreat.
However, amidst these headwinds, there are distinct positives to acknowledge. The bulk of Canada's exports to the US continue to flow tariff-free. The long-anticipated wave of mortgage renewals is well underway and Canadians are managing their debt loads just fine. We enter this latest period of global uncertainty with low and stable inflation, which allows the Bank of Canada a small buffer should headline inflation once again rise.
Focusing on Central Okanagan, this edition of the rennie landscape examines the myriad factors affecting our local housing market—from the economy and interest rates, to demographic changes and credit and debt—with the aim to provide context and deeper understanding in an ever-evolving market.
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.
Our rennie intelligence division comprises our chief economist, market analysts, and data scientists. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. Experts in real estate dynamics, urban land economics, the macroeconomy, shifting demographics, and data science, their industry-leading data acquisition, analytical systems, and strategic research supports a comprehensive advisory service and forms the basis of frequent reports and public presentations, covering the Vancouver, Kelowna, Victoria, Seattle, and Coachella Valley marketplaces. Their thoughtful and objective approach embodies the core values of rennie.
