Dear Reader, Welcome to the Spring 2022 edition of the rennie landscape. In the opening letter of the previous edition of this report, we said we were looking forward to feeling genuinely positive about where we would be in our 2-year pandemic odyssey when it came time to pen this edition. And you know what? We do feel positive. While Covid-19 is not entirely a thing of the past, we’re coping— dare we say almost thriving—with many pandemic restrictions being lifted and the cadence of our lives and the economy returning to what we were accustomed to prior to March 2020. People have returned to work, if not completely back to the office on a full-time basis. Employers feel positive about business conditions and want to hire (though it’s a challenge), portending robust economic growth to come. A combination of how we have managed the pandemic here in British Columbia, combined with the lifestyle opportunities that exist and the resilience of our economy, have together conspired to attract people from far and wide to our province and its regions. The foundation for a fruitful future has been laid. Challenges exist to be sure. Housing is more expensive than ever, and there are more economic headwinds (rising interest rates, inflation, and growing debt) and heightened geopolitical uncertainty than 6 months ago. But on balance, each of Canada, British Columbia, and Metro Vancouver is poised for a period of continued prosperity that together we must ensure is shared by everyone. We hope you enjoy this latest edition of the rennie landscape.
Ryan Berlin DIRECTOR OF INTELLIGENCE & SENIOR ECONOMIST rberlin@rennie.com
rennie.com
1
Made with FlippingBook - professional solution for displaying marketing and sales documents online