rennie landscape:
the trusted authority on real estate intelligence
We often comment in this space about how much has changed over the past six months. This time around that feels like an understatement. Uncertainty is the word of the year, or at least the word of the day, we're not sure. As of writing: parliament is prorogued, we have an upcoming federal election on April 28, and Canada is engaged in a tariff war with the United States, with new punches and counterpunches being thrown almost daily. We hope you find this latest edition of the rennie landscape useful in that pursuit, and that it provides you with a little more clarity during a time of heightened uncertainty.
RYAN WYSE
Market intelligence manager & Lead Analyst
PODCAST
Listen as rennie's intelligence division takes an in depth look at the spring edition of the rennie landscape.
vancouver | spring 2025
The Spring 2025 edition of the rennie landscape examines the broader forces influencing Metro Vancouver’s housing market—offering trusted insight into why the market is behaving the way it is, and what we expect will come next.
key takeaways
Despite the absence of a recession, Canada's unemployment rate has been steadily rising for the past two years. History suggests this is anomalous.
The Bank of Canada has brought its policy rate back into its desired neutral range. From here the Bank’s focus will shift to fine-tuning the rate in 2025.
With interest rates on a path to normalization, borrowing is on the upswing once more in Canada. And it’s not just mortgage debt, but consumer credit, too.
Purpose-built rental housing development is making a comeback in BC after years of being dormant. The overall pace of construction, however, is slowing.
The non-permanent resident population in Canada is set to dramatically decline over the next two years. The nation’s largest metro areas are going to be impacted the most.
The federal government has overhauled Canada’s immigration policy for the next three years. It will lead to the first ever population decline in our nation’s history.
