Dear Reader, Welcome to the second edition of the rennie landscape, a quarterly publication produced by rennie’s intelligence team tracking the various demographic and economic indicators directly and indirectly influencing our housing market here in Metro Vancouver. Following the successful launch of the first rennie landscape last quarter, this digital-only edition describes a continually-adjusting Metro Vancouver market as it moves along a new trajectory. Some contexts have improved over the past few months, including our local labour market and broader financial conditions, while the accumulation of “bad” debt by Canadians continues to be a concern. In this issue, we focus on six pillars of our market: demographic changes, the interest rate environment, the policy context, residential market features, credit and debt trends, and macroeconomic fundamentals. Within each of these pillars is a number of specific indicators we weigh in on each quarter as we track changes in them that might portend future real estate market evolutions. Our goal is for the landscape to become a dependable, strategic decision-making tool, whether you’re an individual buyer or seller, developer, builder, municipal planner, or other market stakeholder or industry partner. Should you have any questions, the rennie intelligence team is here to assist. We look forward to hearing from you. Enjoy.
Ryan Berlin SENIOR ECONOMIST intel@rennie.com
rennie.com
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