Market IntelligenceEconomy

the rennie landscape - Fall 2020

 

Oct 13, 2020

Written by 

Ryan Berlin

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The unexpected and unprecedented changes that occurred globally in the wake of the covid-19 outbreak derailed an economic expansion that was into its tenth year here in Canada. While virtually all economic, demographic, and housing market measures swiftly and significantly diverged from trend beginning in March, prompt fiscal and monetary responses combined with a slow-but-steady re-opening plan for the economy worked to rehabilitate the labour market. Here in Metro Vancouver, the housing market has shown considerable resilience and is likely to remain active for the foreseeable future due to low-interest rates and a recovering economy.   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.

Written by

Ryan Berlin

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Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.

Disclaimer: This is not an offering for sale. Any such offering can only be made by way of disclosure statement. E&OE. The developer reserves the right to make changes and modifications to the information herein without prior notice. Photos and renderings are representational only and may not be accurate.