Bryan Yu's guest appearances

Bryan Yu

CUES Podcast

Vancouver Real Estate Podcast

NL Newsday with Jeff Andreas

Jock Finlayson

David Eby

Brendon Ogmundson

David Ley

John Kelly

Doug Allan

Ben Taylor

John Oliver

Michael Zuber

Brad Jones

Rob Roy

Shane Simpson

David Greene

Justin Smith

Jim Anderson

OwlTail

BC is ahead of its vaccination schedule and set for a summer of love but what does that mean for the larger BC economy and the red-hot real estate market? Does a return to “normal” mean a more “normal” latter half of 2021 for the real estate market or do we continue to burn ultra bright? Central 1 Credit Union’s Chief Economist Bryan Yu joins Adam and Matt to talk about real estate and the larger road to recovery in British Columbia. What does the future hold for BC and will we build back better? Where are the potential opportunities in the market? And what are the biggest risks?  Central 1 has gotten bold predictions right before.  Tune in for the future!

BC is ahead of its vaccination schedule and set for a summer of love but what does that mean for the larger BC economy and the red-hot real estate market? Does a return to “normal” mean a more “normal” latter half of 2021 for the real estate market or do we continue to burn ultra bright? Central 1 Credit Union’s Chief Economist Bryan Yu joins Adam and Matt to talk about real estate and the larger road to recovery in British Columbia. What does the future hold for BC and will we build back better? Where are the potential opportunities in the market? And what are the biggest risks?  Central 1 has gotten bold predictions right before.  Tune in for the future!

VREP #265 | Forecasting an Economic Recovery and a Real Estate Slowdown with Bryan Yu

Governments around the world have spent more than $14 trillion to try to offset the economic damage of the pandemic, says Bryan Yu, in the latest episode of the CUES Podcast.“In Canada, I think we moved pretty quick,” says Yu, director and chief economist with Central 1 in Vancouver, British Columbia, which leverages its scale, strength and expertise to power progress for more than 250 credit unions and other financial institutions. “We had seen the implementation of the Canadian Emergency Response Benefit, which was largely providing funds for households who were negatively impacted by the pandemic and lost jobs, about $500 per week. So, a significant amount.“We also, of course, see the wage subsidy programs in Canada as well,” he adds in the show.  “So employers who lost substantial amounts of business were able to tap the subsidy in order to keep individuals employed.”He estimates that the Canadian government will now have to deal with a $380 billion deficit after the outlay. “But we're also, of course, recognizing that without these measures, we could be in a much worse state at this point,” he says. “We'd have the pandemic plus we'd have a lot of individuals without income, and that would have led to more foreclosures, bankruptcies, etc.”Yu also thinks the rollout of the COVID-19 vaccine in Canada will have a significant impact on the economic recovery.“The vaccine will in fact, provide a huge boost for Canada. One of the big differences I think, between the US and Canada right now is that rate of deployment,” he explains. In Canada, “only about 3% of our population has been vaccinated .. and that's really a reflection partly of the countries which are making the vaccines. The US and the UK, of course, are producers. So they are able to deploy much quicker. “But as those vaccines do roll out, I do expect to see that that will finally be able to reopen some of our borders more towards tourism. People will be more willing to go into into more restaurants, really moving back that service-oriented economy back to full capacity. “So that's my hope at this point,” he says. “I think that's going to be driving our move back to a pre-pandemic type of levels within the next two years. I would think there is still going to be a lot of challenges … going forward.”The show also gets into:Unemployment trends in CanadaWhat shifts caused by the pandemic will continue into the futureIdeas managing the coronavirus mutations that have been identifiedThe strengths credit unions have that will help them weather the pandemicThe question of inflation in these timesLinks for this showCentral 1Bryan Yu, director and chief economist at Central 1Episode 111 with guest Steve Rick, director and chief economist at CUNA Mutual GroupHigh Performing Board Digital SeriesStrategy and Digital Marketing Cornell Certificate Program (all online)Episode 112 transcript

Governments around the world have spent more than $14 trillion to try to offset the economic damage of the pandemic, says Bryan Yu, in the latest episode of the CUES Podcast.“In Canada, I think we moved pretty quick,” says Yu, director and chief economist with <a href="http://www.central1.com/" rel="nofollow" target="_blank">Central 1</a> in Vancouver, British Columbia, which leverages its scale, strength and expertise to power progress for more than 250 credit unions and other financial institutions. “We had seen the implementation of the <a href="https://www.canada.ca/en/services/benefits/ei/cerb-application.html" rel="nofollow" target="_blank">Canadian Emergency Response Benefit</a>, which was largely providing funds for households who were negatively impacted by the pandemic and lost jobs, about $500 per week. So, a significant amount.“We also, of course, see the wage subsidy programs in Canada as well,” he adds in the show.  “So employers who lost substantial amounts of business were able to tap the subsidy in order to keep individuals employed.”He estimates that the Canadian government will now have to deal with a $380 billion deficit after the outlay. “But we're also, of course, recognizing that without these measures, we could be in a much worse state at this point,” he says. “We'd have the pandemic plus we'd have a lot of individuals without income, and that would have led to more foreclosures, bankruptcies, etc.”Yu also thinks the rollout of the COVID-19 vaccine in Canada will have a significant impact on the economic recovery.“The vaccine will in fact, provide a huge boost for Canada. One of the big differences I think, between the US and Canada right now is that rate of deployment,” he explains. In Canada, “only about 3% of our population has been vaccinated .. and that's really a reflection partly of the countries which are making the vaccines. The US and the UK, of course, are producers. So they are able to deploy much quicker. “But as those vaccines do roll out, I do expect to see that that will finally be able to reopen some of our borders more towards tourism. People will be more willing to go into into more restaurants, really moving back that service-oriented economy back to full capacity. “So that's my hope at this point,” he says. “I think that's going to be driving our move back to a pre-pandemic type of levels within the next two years. I would think there is still going to be a lot of challenges … going forward.”The show also gets into:<ul><li>Unemployment trends in Canada</li><li>What shifts caused by the pandemic will continue into the future</li><li>Ideas managing the coronavirus mutations that have been identified</li><li>The strengths credit unions have that will help them weather the pandemic</li><li>The question of inflation in these times</li></ul>Links for this show<ul><li><a href="http://www.central1.com/" rel="nofollow" target="_blank">Central 1</a></li><li><a href="mailto:byu@central1.com">Bryan Yu</a>, director and chief economist at Central 1</li><li><a href="https://www.cumanagement.com/podcasts/2021/03/nice-recovery-forecasted-2021-despite-retail-apocalypse" rel="nofollow" target="_blank">Episode 111</a> with guest Steve Rick, director and chief economist at <a href="http://www.cunamutual.com/" rel="nofollow" target="_blank">CUNA Mutual Group</a></li><li><a href="https://www.cues.org/professional-development-and-events/high-performing-board-digital-series" rel="nofollow" target="_blank">High Performing Board Digital Series</a></li><li><a href="Strategy%20and%20Digital%20Marketing%20Cornell%20Certificate%20Program" rel="nofollow" target="_blank">Strategy and Digital Marketing Cornell Certificate Program</a> (all online)</li><li>Episode 112 <a href="https://www.cumanagement.com/sites/default/files/2021-03/CUES%20Podcast%20112%20Bryan%20Yu%20transcript_0.pdf" rel="nofollow" target="_blank">transcript</a></li></ul>

CUES 112: Government Pandemic Measures and Vaccine Rollout Key Factors in Canadian Economy 2021—an Interview With Bryan Yu

Deputy Chief Economist at Central 1 Credit Union Bryan Yu joins NL Newsday to discuss the Bank of Canada's decision to hold its key overnight rate at 0.25% while also saying it is expecting interest rates to remain at current record lows until 2023.

Deputy Chief Economist at Central 1 Credit Union Bryan Yu joins NL Newsday to discuss the Bank of Canada's decision to hold its key overnight rate at 0.25% while also saying it is expecting interest rates to remain at current record lows until 2023.