Recording at the Land & Development Conference, Aaron and Adam are welcoming Benjamin Tal in this episode. He is the is the Deputy Chief Economist of CIBC World Markets Inc., and a staple at the forums.

Fresh off of his market outlook session at the conference, Benjamin talks to us about all things inflation. We hear about if he thinks the Bank of Canada’s moves will be effective in controlling inflation, what’s impacting home valuations the most, probability of recession and why he is generally bullish towards the market.

Topics covered include:

• The impact of oil prices on inflation.
  
• Why Benjamin thinks Alberta’s economy will outperform the rest of Canada’s.
  
• How the housing market has played into the Back of Canada’s decisions.
  
• Rental rates increasing in the past two months or so.
  
• Benjamin’s prediction that rent inflation will outpace home prices for the next few years.
  
• Why we must build purpose-built rentals.
  
• What Benjamin thinks the possibility of a recession is.
  
• The biggest factor of inflation right now, which should be temporary.
  
• Short-term, 5-year, and 10-year interest rates.
  
• Are 5-year and 10-year interest rates projecting too much of an increase?
  
• Good news for developers right now.
  

More about our guest….

Benjamin Tal is responsible for analyzing economic developments and their implications for North American fixed income, equity, foreign exchange and commodities markets. Benjamin also acts in an advisory capacity to bank officers on issues related to wealth management, household/ corporate credit and risk. Well-known for his groundbreaking published research on topics such as labour market dynamics, real estate, credit markets, international trade and business economic conditions, Benjamin not only contributes to the conversation, but frequently sets the agenda. Benjamin has close to 20 years of experience in the private sector advising clients, industry leaders, corporate boards, trade associations, and governments on economic and financial issues. National and global media regularly seek him out for his insight and analysis on economic issues that impact financial markets, consumers, corporations and public policy.

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