The Rennie Landscape Q4
Jan 16, 2020
Written byRyan Berlin
Here is the fourth edition of the rennie landscape, a quarterly publication that tracks a variety of demographic and economic indicators that influence our housing market here in Metro Vancouver.
While Metro Vancouver’s housing market shifted into consistent positive sales comps in Q3 and has continued along this new trajectory in Q4, the story told by the broader contextual data was more reserved in Q4 than in the previous quarter. That said, trends in virtually all of the region’s (and the country’s) economic fundamentals remained positive in the final three months of 2019; those in turn, combined with recessionary fears having moved to the back-burner, have set the stage for the region to continue its recent trend of continued population and job growth and rising home sales.
Read the full publication here --> http://bit.ly/2QGy4mt
This week, the Bureau of Labor Statistics released its latest reading of the Consumer Price Index (CPI) and, with it, the prospect of a near-term rate cut took another hit.
At the start of every year we wait with baited breath for the annual CMHC rental market report, released in late January and pegged to the prior October, for an update on rental markets across Canada.