the rennie landscape | Vancouver | Fall 2025

We are pleased to present our Fall 2025 edition of the rennie landscape.

In many ways it's been—to say the least—a chaotic six months since we published the spring edition of the rennie landscape. In contrast, Metro Vancouver's housing market and the Canadian economy have eschewed the entropic features of current-day geopolitics, and instead have continued along a path established more than two years earlier. Housing market activity has picked up marginally, but remains suppressed, the labour market remains soft, inflation (thankfully) remains in check, and US tariffs on our exports remain limited due to the CUSMA free-trade agreement.

Uncertainty has abated— we think—and consumer confidence has begun to rebound. In spite of these positive developments, the Canadian economy remains in a precarious position.

Focusing on Metro Vancouver, this edition of the rennie landscape examines various facets of economic and demographic change, to provide clarity on the forces shaping our housing markets and consider what the future may hold.

Explore the digital edition of the rennie landscape for seamless access to expert insights and real estate perspectives.

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 head 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.