the weekly rennie bulletin: The Latest Canadian Economic Initiatives - May 8, 2020

The rennie intelligence team is as committed as ever to keeping you informed of how our evolving context is impacting our economy. With this in mind, the team is now publishing a weekly summary every Friday outlining the latest policy changes, financial market interventions, and other relevant actions aimed at supporting Canadians during these uncertain times.

In this week's issue:
With the economy stabilizing over the past couple of weeks, fewer safety net measures and spending programs are being introduced by governments. And as a sign that the focus is increasingly shifting to the recovery as opposed to mitigating economic fallout, BC's government announced their plan to restart the provincial economy over the coming months.

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.

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Receive insights, analysis, and perspective from our rennie intelligence team on the Lower Mainland’s real estate market.
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Sales activity in the Vancouver Region continued to slow in May, leading to a continued expansion of inventory. And for the first time since May 2020, conditions in the region’s detached home market are balanced.SalesTotal MLS sales in the Vancouver Region in May were 4,249, which was down by 12% v…

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A decline in overall sales and listings activity has ushered the Vancouver Region’s housing market into balance for the first time in more than two years. For each individual product type, however, market conditions vary.

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A recent survey of Metro Vancouver residents shows continued engagement in the housing market andan expectation of rising home values, despite deepening concerns about personal finances.Our rennie intelligence team comprises our in-house demographer, senior economist, and market analysts. Together,…