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Residential building permits in Metro Vancouver haven't kept pace so far in 2024. Total permit values through the first nine months of the year have declined 6% (to $7.1 billion) from the same period in 2023.
The Government of Canada 5-year bond yield has been on the rise of late, to 3.08% as of November 15th. This is up from 2.74% back on October 1st, putting some upward pressure on 5-year fixed mortgage rates.
the rennie landscape | Vancouver | Fall 2024
We are pleased to present our Fall 2024 edition of the rennie landscape. In this edition of the rennie landscape—which we've tailored to Metro Vancouver—we explore elements of economic and demographic change, along with many others, to help shed light on how and why our housing markets are evolving the way that they are—and what could lie ahead.
Featured Report
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Though time will ultimately tell, our early take is that falling interest rates do appear to be stimulating housing demand in BC's resale markets.
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PODCASTS
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conquering inflation, at a cost
October 2024 • Episode 68
to buy or not to buy (now)?
September 2024 • Episode 67
the art of the pre-sale
August 2024 • Episode 66
kelowna's housing supply, uncorked
July 2024 • Episode 65