the rennie landscape - Fall 2022

It seems for the past few years there hasn’t been a dull moment for our relatively tiny market here in Metro Vancouver, buffeted as we have been by the effects of the onset of Covid, which transitioned to peak-Covid and then to Covid-ubiquity; of historically low rates that have rapidly transitioned to the highest in 15 years; of persistently under-control inflation that has run wild; and of home prices that spiked are now moderating, settling into some yet-to-be-determined equilibrium.

Now, as people return from their first real summer vacations in three years, the biggest question most of them are asking about our housing market here in Metro Vancouver is: what’s next? 

So, with the theme of watching the data in mind, we hope you enjoy this edition of the rennie landscape, which is filled with a load of what we think is interesting and useful data and insights aimed at helping us all better understand the complex world we live in.Twice a year, rennie intelligence produces the rennie landscape, which 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 of 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.