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Canada's population declined by 102,000 (0.2%) in 2025, the first recorded decline since Confederation in 1867. This was driven by a more than 460,000 net decline in non-permanent residents. Meanwhile, BC's population fell by 41,000 (0.7%).
Employment fell by more than 80,000 across Canada in February, bring the total loss through the first two months of the year to 109,000. This is equal to over half of all the jobs gained in 2025 (211,000).
There were 2,967 MLS sales across the Vancouver Region in March, down 3% year-over-year and 41% below the past 10-year monthly average.
Economy | Spring 2026 rennie Landscape
Labour markets across Canada have languished for the better part of the past four years. The resulting elevated unemployment rate shows Canadian workers are on worse relative footing than past downturns. Discover the 2026 Spring rennie Landscape Vancouver report now.
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Inventory remains high in both the resale and new-home segments to close out 2025, pointing to continued opportunities for buyers in the new year.
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PODCASTS
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spring landscape: a new normal for Metro Vancouver’s housing market?
April 2026 • Episode 87
two stories in today’s housing market. which one is real?
March 2026 • Episode 86
built, but not bought? the housing market story of 2026
February 2026 • Episode 85
after a tough 2025, where does real estate go next in Metro Vancouver?
January 2026 • Episode 84