Thank you for taking the time to read the Fall 2024 edition of the rennie landscape. If it feels like we’re in a continuous state of change today, it’s probably because we are. A lot has changed just over the past few years, but in the six months since we published the spring edition of the rennie landscape as well. And with that, sentiment is evolving. In the spring edition we had said that there was a general sense of optimism around real estate and that it was predicated on an expectation that the Bank of Canada would start cutting interest rates. Well, the Bank has indeed been cutting rates, though some of the optimism in the market has faded. At least some of this has to do with an economy that remains in a state of imbalance. Compared to two years ago, the pendulum has now swung in the opposite direction, with inflation mostly under control but labour market pains piling up alongside debt burdens, a rapidly expanding Canadian population, and a slew of new housing policies from all levels of government. As we look ahead, more interest rate cuts are needed in the near term, and with this continued easing of monetary policy the Bank will look for the pendulum to swing back towards some sort of economic equilibrium. It will take time to achieve this state of nirvana, and in the meantime we’ll be paying more attention to all of the other labour market and economic indicators impacted by high interest rates, and less to the inflation that higher rates were meant to quash. We hope you enjoy this latest edition of the rennie landscape.
Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42Made with FlippingBook - professional solution for displaying marketing and sales documents online