Sale prices
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This week
Canada's unemployment rate rose to 6.6% in August, its highest reading in 3 years.
Meanwhile, the country's employment rate fell to 60.8% in August. Excluding pandemic-related adjustments, this was the lowest mark since October 1999.
5-year government of Canada bond yields closed the week at 2.805%, pointing to continued downward pressure on fixed mortgage rates.
the rennie landscape | Vancouver | Spring 2024
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.
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Investors are having an outsized impact on the housing market these days, with fewer investor buyers in both resale and pre-sale, and an increase in tenanted properties listed for sale.
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PODCASTS
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the art of the pre-sale
August 2024 • Episode 66
kelowna's housing supply, uncorked
July 2024 • Episode 65
inventory glut and interest rate cut
June 2024 • Episode 64
lots of listings and piles of policies
May 2024 • Episode 63