rennie outlook 2020

RENNIE OUTLOOK 2020

DOMESTIC MIGRATION

Within Canada, domestic migration flows are highly correlated with relative levels of provincial and regional economic performance, with BC (and its economic opportunities) having been a magnet for many of Canada’s domestic migrants over the past few years. The latest data show that BC attracted net inflows of population from virtually all provinces and territories in Q3 2019, which extended a remarkable run of positive net domestic migration inflows to BC in 25 of the past 26 quarters.

OUR 2020 OUTLOOK With its rate of economic growth expected to lead the country in 2020, BC’s net interprovincial migration flows are likely to remain strong over the course of the year, with the province adding upwards of 10,000 people from other parts of Canada.

DOMESTIC MIGRATION

Copyright © 2020 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of January 6, 2020. All data from RealEstateBoardof Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 6

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