In this episode, host Alex McFadyen from Flow Mortgage Co. welcomes Brendon Ogmundson, the Chief Economist of the BC Real Estate Association (BCREA). They discuss the current state of the Canadian real estate market, focusing on challenges and changes over the past 12 months. Topics covered include the impacts of policy changes, the Bank of Canada's rate decisions, and projections for the rest of 2024. They delve into regional market dynamics, specifically highlighting the Fraser Valley and Vancouver, and the challenges in the construction sector due to labor shortages. The conversation also explores the expectations of rate cuts and how federal and provincial government policies may affect the affordability and accessibility of housing in the near future.

To get in touch with Brendon, reach out via email at: [email protected]

And to learn more about the BCREA, check out their website at: bcrea.bc.ca

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