the rennie outlook 2024
Feb 10, 2023
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The rennie outlook, now in its fourth annual iteration, is a compendium of predictions of key macroeconomic, demographic, and housing-related measures for the coming year, including pre-sale and resale counts, home price and rent forecasts, interest rate and inflation expectations, and jobs and wages projections.
We hope you find the predictions, and the explanations behind them, to be useful in whatever context you're applying them.
Our rennie intelligence team comprises our senior economist, market analysts, and business intelligence analysts. 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, and Seattle marketplaces. Their thoughtful and objective approach embodies the core values of rennie.
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Join Ryan Berlin (Head Economist and VP Intelligence), Ryan Wyse (Market Intelligence Manager and Lead Analyst), and rennie President Greg Zayadi as they reflect on a difficult year for housing and look ahead to what may come next. They discuss record-low sales, elevated listings, and a soft rental market, alongside labour market shifts and interest rate expectations. Greg brings a long-view perspective on how this moment compares to past cycles, why this slowdown does not look like 2008, and what confidence, patience, and preparation mean for buyers, sellers, and developers as 2026 begins.
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