Market IntelligenceEconomy

the rennie landscape - Q3 2019

 

Sep 25, 2019

Written by 

Ryan Berlin

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After 18 months of sliding sales, increasing inventory, and placid prices, the trajectory of Metro Vancouver's housing market is poised to change. A recent re-emergence of previously sidelined demand has coincided with some of the fastest employment growth and wage growth in Canada, with the unemployment rate being driven to a near-historical low. 

These factors, combined with continued population growth in Metro Vancouver and an interest rate environment that has gone from market headwind to definitive tailwind over the past 10 months, bode well for the region's pre-sale and resale markets. 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.

Written by

Ryan Berlin

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Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.

Disclaimer: This is not an offering for sale. Any such offering can only be made by way of disclosure statement. E&OE. The developer reserves the right to make changes and modifications to the information herein without prior notice. Photos and renderings are representational only and may not be accurate.