The British Columbia Real Estate Association has announced the promotion of its deputy chief economist to chief economist.
Brendon Ogmundson has been with the regional real estate body for nine years and succeeds Cameron Muir in the role; Muir was chief economist at BCREA for 13 years.
Ogmundson specializes in macroeconomic forecasting, housing market analysis, and econometric modelling; and is often seen on major news outlets.
He is responsible for producing forecasts for the BC, Canadian and US economies, as well as authoring a quarterly analysis of mortgage rates and the BC commercial real estate market.
He is a contributor to the Philadelphia Federal Reserve’s Survey of Professional Forecasters and was recently awarded the Crystal Ball Award by the Association of Professional Economists of British Columbia for the quality of his economic forecasting.
Speaking of Cameron Muir, BCREA’s chief executive officer Darleen Hyde said he transformed the association’s economics team.
“We owe a huge debt of gratitude to Cameron, who took the economics department to a new level,” says Hyde. “And we extend sincere congratulations to Brendon upon his promotion."
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