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April MLS data show a rise in new for-sale listings, inventory, and furnished rental listings in BC's major markets, a consequence of high interest rates, upcoming changes to the capital gains inclusion rate, a ban on short-term rentals, and anticipated changes to the rental tenancy act.
New data suggest Canadian payroll wages are rising 4.5% year-over-year--though this figure may be over-stated.
As of March, the number of homes under construction in Greater Victoria was 11% higher than the record pace set one year earlier.
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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May
Projection Redirection
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Benchmark Prices | May 2024
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Buying activity has remained tepid through the first quarter of 2024; for many, the looming interest rate cuts can't happen soon enough.
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PODCASTS
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all signs point to cut
April 2024 • Episode 62
spotlight on victoria: market trends and policy ends
March 2024 • Episode 61
What’s in store for 2024?
February 2024 • Episode 60
all or nothing
January 2024 • Episode 59