the rennie landscape - Fall 2020
Oct 13, 2020
Written by
Ryan BerlinSHARE THIS
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
Related
In this edition of the rennie landscape—which we've tailored to Central Okanagan—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.
Today
Report
In last week’s installment of “how much will they cut”, we noted that the September jobs data from Statistics Canada was unlikely to compel the Bank of Canada to move beyond a 25-basis-point cut. We also noted that the September Consumer Price Index (CPI) data would give us a clearer picture of the path going forward—and indeed it has.
Oct 2024
Article
3 min read