61: Breaking Down the Bank of Canada Rate Hold with with BCREA Chief Economist Brendon Ogmundson

Episode 61: Matt and Taylor are joined by Brendon Ogmundson. Brendon is the Chief Economist at BCREA (BC Real Estate Association) from Vancouver, BC, who's specializes in housing market analysis and macroeconomic forecasting, and is a member of the BC Ministry of Finance’s Economic Forecast Council. Brendon was also recently named one of the most influential economists in BC by Business in Vancouver.

 

Brendon is here to discuss:
→ The recent rate hold by the Bank of Canada (BoC), projections for the remainder of 2024, and if he would cut rates right now if given the power.
→ How the US affects our rates, what's happening with fixed rates, and how the unemployment rate is calculated.
→ The impact of federal and provincial policy changes to short-term rentals and flipping, the housing shortage, and the uncharacteristic struggling of the Okanagan housing market in quarter one.

 

Brendon's 1st Appearance in Episode 35: https://KelownaRealEstate.podbean.com/e/35-brendon-ogmundson/

 

BCREA Website: www.bcrea.bc.ca

Brendon Ogmundson's LinkedIn: @BrandonOgmundson

 

The Kelowna Real Estate Podcast is brought to you by Century 21 Assurance Realty, the gold standard in real estate. To learn more, visit: www.c21kelowna.ca

 

Matt Glen's Website: https://mattglen.ca/

Matt Glen's Email: Matt.glen@century21.ca

Matt Glen's Instagram: @mattglenrealestate

 

Taylor Atkinson's Website: www.VentureMortgages.com

Taylor Atkinson's Email: Taylor@VentureMortgages.com

Taylor Atkinson's Instagram: @VentureMortgages