the rennie landscape | Vancouver | Fall 2023

We are pleased to present our Fall 2023 edition of the rennie landscape.

Here in British Columbia—and everywhere—it's been a real roller-coaster ride for the past three-plus years. Now, many of us are wondering when the ride will be over. In answering this, one would overlook the Bank of Canada at their own peril. Of primary interest (pun intended) is when the Bank will halt its rate-hiking programme; following that, when will they begin to cut? Of course, any positive action by the Bank will be predicated on first taming inflation—a task that is almost, but not quite, complete.

In this edition of the rennie landscape—which we've tailored to Metro Vancouver—we explore elements of economic and demographic change, along with many others, to help shed light on how and why our housing markets are evolving the way that they are—and what could lie ahead. 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 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.