Episode 129: Matt and Taylor are joined by Bruno Valko.
Bruno is a Vice-President of National Sales at RMG Mortgages from Kitchener, ON, who has been in the mortgage industry since 1990, and held this position for the last 16 years.
RMG Mortgages is a Canadian mortgage lender who specializes in the residential mortgage space. An expert in providing smart mortgage solutions to homebuyers, they offer a wide range of products and programs delivered through independent mortgage brokers who work closely with prospective homebuyers and homeowners, negotiating on their behalf to get the best rates, terms, and solutions best suited to their unique needs.
Bruno is here to discuss:
→ The Bank of Canada's September 3rd rate hold and what it means for inflation and the bond markets moving forward.
→ The 3 measures of inflation, how they are calculated, and what they mean, with Canada's current headline at ~3% and core at ~2%.
→ The Canadian government's debt, which is currently at $1.3T+ (the U.S. is at $40T+), if we could ever lower our debt, and how the debt is driving inflation.
→ The Canadian economy - The attempt to diversify our trade partners, the importance of manufacturing, and the impact of immigrants by doing the jobs that no one else wants to.
→ How the US tariffs and trade deal (or lack thereof) are effecting Canada's real estate market and if Trump has any method to his madness.
→ If he would take a fixed or variable mortgage right now.
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CHAPTERS
00:00 Cold Open
04:47 Today's Guest: Bruno Valko
06:12 BoC's September 3rd Rate Hold, Where Do We Go From Here?
08:43 The 3 Measures of Inflation
13:32 How They Could Control Inflation
17:48 Can We Lower Our Debt?
19:22 Does Population Growth Breed Deficit?
23:54 Manufacturing's Impact on the Canadian Economy
26:05 What is Trump's Tariff Strategy?
29:26 How Tariff's Are Effecting the Real Estate Market
31:17 The US Trade Deal & Diversifying
35:48 Fixed or Variable Right Now?
39:46 Wrap Up
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CONNECT WITH THE GUEST
🌎 RMG Mortgages' Website: https://www.rmgmortgages.ca
🔗 RGMG Mortgages' LinkedIn: https://www.linkedin.com/company/rmg-mortgages/
🔗 Bruno Valko's LinkedIn: https://www.linkedin.com/in/bruno-valko-181064265/
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CONNECT WITH THE SHOW
🎙️ Kelowna Real Estate Podcast: https://www.kelownarealestatepodcast.com
📺 Kelowna Real Estate Podcast YouTube: https://www.youtube.com/@KelownaRealEstatePodcast
📸 Kelowna Real Estate Podcast Instagram: https://www.instagram.com/kelownarealestatepodcast/
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CONNECT WITH MATT
🌎 Matt Glen's Website: https://www.venturecommercial.ca/our-team/matt-glen
📬 Matt Glen's Email: matt.glen@venturecommercial.ca
📸 Matt Glen's Instagram: https://www.instagram.com/realmattglen/
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CONNECT WITH TAYLOR
🌎 Taylor Atkinson's Website: https://www.venturemortgages.com
📬 Taylor Atkinson's Email: taylor@venturemortgages.com
📸 Taylor Atkinson's Instagram: https://www.instagram.com/venturemortgages/
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