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The latest reading of US Consumer Price Index inflation surprised economists, falling to 3.0% in June and improving the odds of a Fed rate cut in September.

Government of Canada 5-year bond yields responded to lower US inflation, falling 10 basis points to 3.37%--a postive sign for those hoping for lower fixed rate mortgage rates north of the border.

A whopping 97% of the April-to-May decline in the total value of building permits issued in Canada (-$1.63 billion) was due to Metro Vancouver (-$1.57 billion).

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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inventory glut and interest rate cut
2024-06-25 • Episode 64



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The Bank of Canada's first interest rate cut didn't entice many buyers off of the sidelines in June, but additional upcoming rate cuts combined with the current glut of housing options are likely to lead to more buying in the months ahead.

Ryan Berlin

Head Economist and VP of Intelligence

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inventory glut and interest rate cut

June 2024 • Episode 64

all signs point to cut

April 2024 • Episode 62

thoughtful real estate.

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Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.

Disclaimer: This is not an offering for sale. Any such offering can only be made by way of disclosure statement. E&OE. The developer reserves the right to make changes and modifications to the information herein without prior notice. Photos and renderings are representational only and may not be accurate.