Urban Development Institute

UDI Vancouver Luncheon - RBC Chief Economist, Craig Wright
April 21, 2016 - 11:30am - 1:30pm
Crystal Pavilion Pan Pacific Hotel
999 Canada Place, Vancouver, BC
Vancouver
BC

Urban Development Institute is pleased to present an exclusive keynote address from Craig Wright, Senior Vice President & Chief Economist of RBC for our April Luncheon!

Craig does not foresee a market crash on the horizon for our region - come hear why. He will share his insight and forecast on the global economy as it affects our local real estate industry.

"The majority of the markets we look at are mostly balanced with only a couple of hot markets. Vancouver is one of them. But even the hot markets are supported by very strong fundamentals.” - Craig Wright, Chief Economist of RBC.

Did you know:
Mark Carney, the Governor of the Bank of England, assigned a team to figure out the last time global interest rates were this low. Turns out the answer is 3000 B.C, so that’s 5000 years ago! Rates in some countries are at zero, or even below zero. And these banks keep dropping the rate waiting for the normal stimulus response, and it’s just not working as well as hoped.

It’s riveting to watch: it’s a huge monetary experiment with central banks learning by doing and we are living through it in real time.