The rennie outlook 2021 - Our Real Estate Predictions for the Year Ahead
Feb 02, 2021
Written byRyan Berlin
The rennie podcast is about everything real estate for the real estate interested. Tune in for monthly discussions making sense of the latest market data and to hear from an array of industry experts helping us answer big real estate questions about demographics, economics, urban planning, and design. Episode #10: The rennie outlook 2021 - Our Real Estate Predictions for the Year AheadIn this special episode of the rennie podcast, we join members of the rennie intelligence team, Ryan Berlin and Bowen Behan Pausey, along with veteran rennie advisor, Salina Kai, as they discuss five key predictions for the year ahead from the 2021 edition of the rennie outlook:
- More than 50,000 resale home transactions
- Between 13.5K-15K pre-sale transactions
- A return to our pre-covid employment level
- Immigration doubling vs 2020
- Inflation remaining below 2%
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.