the rennie landscape - Spring 2021
Apr 15, 2021
Written by
Ryan BerlinSHARE THIS
The past year has been like no other, with the ongoing Covid-19 pandemic disrupting how we work and how we socialize. As we rigorously and persistently monitor our economy and our housing market, we have grown almost accustomed to extreme data points, describing such things as record household savings, unprecedented public debt accumulation, rock-bottom interest rates, and immigration flows that, at one point, all but dried up. Twice a year, rennie intelligence produces the rennie landscape, that tracks a variety of demographic and economic indicators that directly and indirectly influence our housing market here in Metro Vancouver. Our goal is to provide our community with a basis for evaluating the trajectory of the factors that collectively define the context for the real estate market.Our rennie intelligence team comprises our in-house demographer, senior economist, and market analysts. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. Experts in urban land economics, community planning, shifting demographics, and real estate trends, their strategic research supports a comprehensive advisory service offering and forms the basis of frequent reports and public presentations. Their thoughtful and objective approach truly embodies the core values of rennie.
Written by
Related
The latest release of Statistics Canada’s Survey of Earnings, Payroll, and Hours (SEPH) for September gives us another opportunity to gauge how Canada’s labour market is faring. Average weekly earnings increased to $1,280 in September—up a robust 5.2% from one year ago. But with the job vacancy rate having fallen back to pre-pandemic levels from all-time, post-pandemic highs, and an unemployment rate that has been rising for the better part of two years (currently it sits at 6.8%), are earnings really increasing that quickly, or is something else going on?
Dec 2024
Article
5 min read
Today’s release of Labour Force Survey (LFS) data from Statistics Canada on the state of Canada’s job market in November revealed yet another month of rising unemployment.
Dec 2024
Article
3 min read