Metro Vancouver's economy is leading the way among metros across Canada. With its historically-low unemployment rate, robust job and wage growth, and an increasingly accommodating borrowing environment, we expect balanced housing market conditions to continue to prevail across the region for the foreseeable future. Continually evolving demographic trends are driving the need for new housing supply, while an abundance of interventionist housing policies combined with solid economic fundamentals over the past quarter have helped to stabilize the market.
Each quarter, 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.