rennie

rennie 2025: expanding horizons and building communities, together. #thoughtfulrealestate #thoughtfulgrowth #teamwork #rennie

Don’t expect Costco to be any less busy. New federal policies will lead to a net population decline for the first time in Canadian history. Join us in our latest podcast episode as we unpack this policy and what it could mean for housing and infrastructure: https://lnkd.in/gnkwa2pt #thoughtfulrealestate #canadianpopulation #housingpolicy #renniepodcast #realestatemarket #immigration #canada #trudeau #rennie #currentevents Mohsen Esfahani Ryan Berlin Ryan Wyse

Since my UDI presentation last week I have had lots of requests to post a couple of my slides, particularly those pertaining to the section I called “are we setting up future generations for success”. For this I compared the situation navigated by Canada’s 20 to 44 population in 1986 (which was loosely the Post War Boom generation) to that being faced by the 20 to 44 population today (the Millennials). The first chart shows that average individual income for the 20 to 44 population in Canada in 1986 was $23,511 (1986 Census data, so this was 1985 reported incomes). By 2021 average individual incomes for the 20 to 44 population had increased by 103% to $47,958 (current dollars, as reported on the Census, so 2020 income). Over the same period Census data show that average rents paid increased by 163% from just over $5,500 to more than $14,500 per annum. While incomes doubled, the cost of renting a home increased by 2.64 times. More significant differentials were seen in average ownership costs (a threefold increase), average post secondary tuition costs (more than a sixfold increase) and average home values (more than a sevenfold increase). While the incomes versus cost situations experienced by each of the Boom and Millennial generations differed significantly, the second chart shows a similar differential for the fiscal situation faced by each generation. In 1986 net federal debt was in the range of $247 billion dollars (again in 1986 dollars). Looking at this through the lens of the base amount of federal debt the bulk of the working aged population (the Boomers in 1986) would need to carry forward, this converted to roughly $23,000 of net federal debt per 20 to 44 year old. With estimated net federal debt now in the range of $1.4 trillion, the debt liability for 2024’s 20 to 44 population is now almost $100,000 per person, or 4.3 times larger than that experienced by the Post War Boomers in 1986.

The Metro Vancouver real estate market has been quiet, but activity is picking up beyond typical seasonal trends. What does this mean for buyers and sellers as we head into the final stretch of 2024? Tune in to the full episode to hear our take on the shifting dynamics of the market and what to keep an eye on moving forward: https://lnkd.in/gnkwa2pt #thoughtfulrealestate #housingtrends #renniepodcast #rennie #podcastclips #metrovancouver #realestatetrends #vancouverrealestate #currentevents Mohsen Esfahani Ryan Berlin Ryan Wyse

In this episode, Ryan Berlin, VP of Intelligence and Head Economist, and Ryan Wyse, Market Intelligence Manager and Lead Analyst, are joined by rennie advisor Mohsen Esfahani to discuss what the October boom in housing sales could portend for the market as we round the corner into 2025 and enter a period of slower—and even negative—population growth. Listen in: https://lnkd.in/gnkwa2pt #rennieintelligence #currentevents #canadianeconomy #economics #realestatemarket #podcast

As BC grows, so does the need for increasing the supply of homes in the province. The housing deficit means more people are feeling the pressure in our competitive market. Read more in the rennie landscape: https://lnkd.in/gjz99X-m #thoughtfulrealestate #housingdeficit #bchousing #rennieintelligence #currentevents #realestate #vancouverrealestate #bcrealestate #affordablehousing #metrovancouver #britishcolumbia Ryan Berlin

There are some fantastic buyer incentives on new homes right now. Now is the time to act, before demand in the pre-sale market is picks up again in the new year and these incentives are no longer available. View all limited-time offers at https://lnkd.in/gK5n6fXU #presale #newhome #developer #realtor #presale #newdevelopments #vancouverbc #cyberweekend #blackfriday #fraservalley #savings #realestate #lowermainlandbc #fraservalley #savings #realestate #lowermainlandbc

Buying season is here! Explore the top developments across the Lower Mainland and Vancouver Island, and take advantage of savings available until December 2nd. Don’t miss this opportunity to secure your new home at the best prices of the season. View all limited-time offers at https://lnkd.in/gK5n6fXU #presale #newhome #developer #realtor #presale #newdevelopments #vancouverbc #cyberweekend #blackfriday #fraservalley #savings #realestate #lowermainlandbc

Thrilled to share some exciting news from rennie—our journey continues with the launch of our Coachella Valley, US brokerage! This marks an important step in bringing our thoughtful, client-first approach to one of the most iconic and dynamic communities in the US Leading the charge as our Palm Springs founding advisors, Constantine Kolytiris and Ryan Pylypow, whose expertise, vision, and commitment to personalized service will set the tone for our growth in this region for years to come. We couldn’t be more excited about this next chapter and the opportunity to serve the Coachella Valley with the care and insight that define rennie. Here’s to new beginnings and continued growth!

With its endless sunshine, world-class golf courses, and vibrant lifestyle, Palm Springs is the place to be. We’re so excited to have Constantine Kolytiris, with his 30 years of experience, as one of our founding real estate advisors in Palm Springs. #thoughtfulrealestate #renniepalmsprings #newbeginnings #palmsprings #california #palmspringsrealestate #rennie #realestatebrokerage #joinus #realtors #palmspringsliving #vacationhome