Hello, As we round the corner into a new year and a new decade, we are pleased to present this digital-only fourth edition of the rennie landscape, which highlights economic trends, demographic changes, and other factors that shaped the Metro Vancouver market in Q4 2019. The data presented in this report describes a local economy that continues to grow, but in a more muted—and perhaps more sustainble—manner than we saw in Q3 2019: job and wage growth are still evident, if not booming; the labour market remains tight; and interest rates have inched a little bit lower. There are, however, two outliers to the generally more moderate pace of the regions's changing dynamics: the expansion of residential housing construction, with starts on pace to reach an all-time high in Metro Vancouver in (full- year) 2019; and the near-record level of population growth experienced in British Columbia in the most recent quarter. There is much to contemplate as we chart our courses through 2020 and beyond. We hope this edition of the rennie landscape is one of the tools that helps to get you where you want to go. As always, please let us know if you have any questions. Enjoy.
Ryan Berlin SENIOR ECONOMIST intel@rennie.com
Andrew Ramlo VP, INTELLIGENCE aramlo@rennie.com
rennie.com
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