the weekly rennie bulletin: The Latest Canadian Economic Initiatives - May 8, 2020
May 08, 2020
Written byRyan Berlin
The rennie intelligence team is as committed as ever to keeping you informed of how our evolving context is impacting our economy. With this in mind, the team is now publishing a weekly summary every Friday outlining the latest policy changes, financial market interventions, and other relevant actions aimed at supporting Canadians during these uncertain times.In this week's issue:With the economy stabilizing over the past couple of weeks, fewer safety net measures and spending programs are being introduced by governments. And as a sign that the focus is increasingly shifting to the recovery as opposed to mitigating economic fallout, BC's government announced their plan to restart the provincial economy over the coming months.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.
A proposed ban on foreign buyers by the new LIberal government is unlikely to have a big impact on our housing market, quite simply because we don’t have a lot of foreign buyers to begin with.
The addition of new housing along Metro Vancouver’s public transit network, and specifically along the SkyTrain rapid transit network, will be important in accommodating more than one million new residents over the coming three decades.