VREP #521 | The First Half of 2026 in a Word with Brendon Ogmundson

The numbers say the market is merely slow. Everyone living in it says something worse. BCREA Chief Economist Brendon Ogmundson sits down this week with Adam & Matt to break down a first half that somehow undercut an already historic low. From the string of supply shocks driving rates up, to move up buyers single-handedly propping up the market, to the province's $1.5 billion bid to scoop up thousands of unsold condos, this wide-ranging conversation gets to the heart of why the gloom won't lift & what finally turns it around. So what word does a chief economist reach for? Why are first time buyers disappearing just as affordability improves? And when does the malaise finally lift?