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Canada's population grew by just 20,100 net people in Q1 2025, its third-lowest quarterly change in comparable data back to 1972. Meanwhile, BC's population declined by 2,400, the largest quarterly decline over the same period.
Canada's unemployment rate reached 7.0% in May. Since January, the country has shed 15,300 net jobs, with losses heavily concentrated in Ontario and in trade-exposed sectors. In contrast, BC has led the country in job growth with 19,900 net new jobs.
The consumer price index held at 1.7% for the second consecutive month in May. Core measures of inflation, which are more closesly followed by the Bank of Canada, fell to 3.0% in May from 3.1% in the prior month.
the rennie landscape | Vancouver | Spring 2025
We are pleased to present our Spring 2025 edition of the rennie landscape. Focusing on Metro Vancouver, this edition of the rennie landscape examines various facets of economic and demographic change, to provide clarity on the forces shaping our housing markets and and consider what the future may hold.
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The uncertainty associated with Canada's ongoing trade scuffle with the United States is weighing down housing demand.
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PODCASTS
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wanted: confidence in Vancouver’s housing market
June 2025 • Episode 76
prices, policies & population shifts: what’s ahead for housing?
April 2025 • Episode 74
trade tiffs & housing riffs: wonking out with Brendon Ogmundson
March 2025 • Episode 73