the rennie outlook - Demographics, Housing Demand, and Housing Supply in the Lower Mainland
Jan 23, 2019
Written by
Ryan BerlinSHARE THIS
Each year, rennie intelligence puts together a report describing short- and long-term demographic changes expected in the Lower Mainland and how these changes will affect future housing demand as it compares to expected new housing supply. Key highlights
- Following changes to Canada’s immigration targets, net international migration to the Lower Mainland is expected to increase from 33,000 people in 2016 to a peak of 46,000 by 2023.
- A continuation of below-replacement levels of fertility will persist, meaning migration will play an increasing role over time in growing the regional population.
- Accommodating the region’s future growth will require upwards of 500,000 new homes to be added by 2041, which translates to an average of more than 20,000 net new units each year.
- While current housing completions are higher than this, they have historically fallen well below this level once adjusted for demolitions.
Written by
Ryan Berlin
Related
why buyers are waiting and sellers are still listing in the Sea-to-Sky
Join Ryan Berlin (Head Economist and VP Intelligence), Ryan Wyse (Market Intelligence Manager and Lead Analyst), and rennie advisor Carleigh Hofman as they examine how the housing market is closing out 2025 across Metro Vancouver, Squamish, and Whistler. They discuss near-record-low sales, elevated listings, shifting labour market signals, and what interest rates may do next. Carleigh shares on-the-ground insight into who is buying, who is selling, and why the Sea-to-Sky corridor continues to behave differently than the broader region.
Dec 2025
Podcast
does AI know more about real estate than we do?
Join Ryan Berlin, Head Economist and VP Intelligence, and Darrell Koopmans, VP Technology, as they look at how artificial intelligence is showing up across real estate and the wider economy. They discuss what AI actually is, how consumers and advisors are using it, and where it adds value in forecasting, analysis, and workflow automation. They also explore the limits of black box models, why human insight still matters, and how rennie is integrating AI in a thoughtful and practical way.
Dec 2025
Podcast