pocket guide
rennie landscape pocket guide .
Q2 2019
The following is a summary of key insights associated with the Q 2 2019 edition of the rennie landscape, which tracks and analyzes a range of factors influencing Metro Vancouver's housing market. Metro Vancouver's economy is leading the way among metros across Canada. With its historically-low unemployment rate, robust job and wage growth, and an increasingly accommodating borrowing environment, we expect balanced housing market conditions to continue to prevail across the region for the foreseeable future. Continually evolving demographic trends are driving the need for new housing supply, while an absence of interventionist housing policies combined with solid economic fundamentals over the past quarter have helped to stabilize the market. METRO VANCOUVER HAS ADDED AN AVERAGE OF BETWEEN 35-48K PEOPLE ANNUALLY over the past 5 years, driven primarily by international migration. Looking forward, a large proportion of projected regional growth will be accommodated in Surrey and other communities outside of the historic urban core. demographics 01. THE REGION’S LABOUR MARKET IS ROBUST , with Metro Vancouver’s unemployment rate near its theoretical minimum and job creation outpacing both the Canadian average and other large metros. Regional wage growth leads the nation, providing workers with increased security of tenure. economy 02.
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