Explorez tous les épisodes du podcast Vancouver Commercial Real Estate Podcast
| Titre | Date | Durée | |
|---|---|---|---|
| VCREP #154 | 2025 Commercial Real Estate Outlook: Trends, Predictions, and Hot Markets | 11 Dec 2024 | 00:32:42 | |
In this year-end episode of the Vancouver Commercial Real Estate Podcast, hosts Cory Wright and Adam Scalena dive into the 2025 commercial real estate landscape. They deliver an in-depth analysis of key asset classes—industrial, office, multifamily, and development land—sharing expert predictions and actionable insights. Reflecting on the lasting effects of the pandemic and other pivotal events, they explore emerging trends and highlight promising investment opportunities in markets like Nanaimo and Vancouver Island. They also tackle the challenges posed by current economic conditions and rising interest rates, offering strategies to navigate the year ahead. Don't miss this essential guide to the future of commercial real estate! | |||
| VCREP #153 | Commercial Market Momentum Building into 2025 with Cory Wright | 04 Dec 2024 | 00:44:32 | |
Is the commercial real estate market finally turning a corner? The latter half of 2024 provides compelling clues. Founder & Managing Broker of William Wright Commercial Cory Wright sits down with Adam and Matt this week to dive deep into BC's ever-evolving commercial real estate landscape. From surprising activity levels across multiple asset classes to emerging opportunities, Cory breaks down how the market has transformed through recent interest rate challenges and what changing pricing & returns mean for investors in different markets across the province. Which BC markets offer the best investment opportunities right now? Are there deals to be found in new construction? And which major market might investors want to avoid in 2025? A critical take at a critical moment. | |||
| VCREP #144 | Will Coworking Offices Survive? with Kane Willmott, CEO of iQ Offices | 25 Sep 2024 | 00:37:38 | |
This week, Cory and Melissa sit down with Kane Willmott, CEO & Co-Founder of iQ Offices, Canada's leader in coworking and serviced office solutions. Kane shares his expert insights on how the coworking landscape has evolved, the significant shifts before and after the pandemic, and where the industry is headed. This episode offers a deep dive into the future of flexible workspaces across Canada. Don’t miss it! | |||
| VCREP #70 | How to Buy and Sell a Business with Chris van Vliet | 19 Oct 2022 | 00:34:45 | |
People may or may not know that business sales and acquisitions fall under the commercial real estate umbrella. This week Cory and Matt welcome Chris van Vliet from William Wright Commercial's Fraser Valley office to break down how you buy or sell a small business. Chris talks us through the timelines, the conditions, and some things you need to be cautious of when navigating through the process. He also provides his insight on what businesses sell faster than others and exposes the lack of funding available through your traditional banking sector. If you own a small business or ever wanted to be your own boss, this is your episode. | |||
| VCREP #69 | Is Canada's Fastest Growing City the Best Investment in 2022 with Jeff Brown | 12 Oct 2022 | 00:38:18 | |
Recently Kelowna was named the fastest growing city in Canada and if you have been there lately you can see why. This week Cory and Melisa welcome William Wright Kelowna's Team Leader Jeff Brown to check in to see if Kelowna has felt any slow down like most markets have experienced. Jeff shares his insight on what impact, if any, interest rates and inflation have had on the market, what asset classes continue to outperform, and what's next for Canada's fastest growing population. He also lets you in on where he would invest his money in today's commercial real estate market. An all-round charismatic guy with great CRE knowledge; Jeff never disappoints. | |||
| VCREP #68 | The 5 Best Cities to Invest In for 2023 with Frank O'Brien | 05 Oct 2022 | 00:57:33 | |
As summer comes to an end and we start the fall season, the Western Investor is due to release their five best cities to invest in for 2023. This week Cory and Matt welcome back Frank O'Brien from the BIV Media Group to tell us about their top cities for commercial real estate in 2023. This year's list has a few VCREP favorites plus a couple of surprises and not to mention the number one spot is not even in BC this year. Frank also shares his opinion on the NDP's David Eby's new housing plan and how it could be setting us back and opening an even bigger opportunity for speculators. Frank never disappoints with his charismatic storytelling and insight. Tune in! | |||
| VCREP #67 | As Interest Rates Continue To Rise, What Will Happen Next with Alan Haigh | 28 Sep 2022 | 00:44:30 | |
The VCREP community has spoken, and they want to know what will happen next as interest continues to rise. VCREP is a podcast for the people, and who better to bring back to see what's around the corner than Impact Commercials very own co-founder and Managing Partner; Alan Haigh. Alan unpacks what has happened over the past couple of months in both Canada and US, how the bond market could predict what will happen to interest rates, and when will this madness end. Alan also unveils what markets he buys into and what markets you want to keep an eye on into 2023. One of the best in the business provides his insight on interest rates and what's next in the mortgage world, so this is one you have to listen to more than once! | |||
| VCREP #66 | Where Do You Invest When Interest Rates and Inflation Rise with Peter Leung | 21 Sep 2022 | 00:51:02 | |
They're back! After a couple of weeks hiatus, Cory getting even fatter and almost drowning in the Pacific Ocean whilst Matt was busy adding even more abs to his already chiseled stomach thanks to F45. But the boys are now back and to kick off the second half of the season is none other than international commercial real estate investor Peter Leung! As the world continues to cope with rising inflation and interest rates Peter tells us how his portfolio is, or isn't, affected and what markets have bounced back quicker than others. Peter also discusses what BC markets he likes and where he is looking to grow his holdings. In this ever-changing investing environment, this is an episode you will want to tune in for. | |||
| REPOST: VCREP #3 | Bulletproof Leasing for Financial Success with Scott McInnes | 14 Sep 2022 | 00:59:46 | |
*Disclaimer: This podcast was originally recorded and aired in May 2021* Ever wonder how tenants and landlords coincide for 5, 10, or sometimes even 20 years together? Cory welcomes Scott McInnes founder of McInnes Law Group breaking down what a commercial lease is, how it applies to commercial real estate and how it differs from residential leases. Scott walks you through what you need to know whether you are looking to become a landlord, a tenant looking to open your first business and how COVID 19 has impacted commercial leases forever plus our best MLG 6-pack yet.........Mobb Deep anyone? If you have ever thought of investing in commercial real estate this is a must listen to episode. | |||
| REPOST: VCREP #48 | Rising Interest Rates & How they Impact Your Investments with Jon Switzer | 07 Sep 2022 | 00:44:52 | |
*Disclaimer: This podcast was originally recorded and aired in August 2021* If you have been following the commercial or residential real estate markets in BC, you will know the latest hot topic everyone is talking about is the rapidly rising interest rates. In fast response, Cory and Adam have invited Jon Switzer of Impact Commercial for an emergency episode. The Bank of Canada has sharply increased interest rates over the past few months and Jon is here to break down what's happened, what might happen in the future, and how all this impacts the markets and your borrowing ability for your next commercial investment.
The good news is, it is not all bad and Jon sheds some light on how to navigate the next few months and provides some tips on what to look for in your next purchase to maximize your lending ability. As we come out of these record low interest rates Jon will provide you firsthand information on how to protect your investments, grow your portfolio, and where deals might be found. | |||
| REPOST: VCREP #2 | Financing Commercial Real Estate 101 | 31 Aug 2022 | 00:42:03 | |
*Disclaimer: This podcast was originally recorded and aired in May 2020* Ever thought about buying commercial estate and thought it was impossible to qualify for financing? Put away the notepad and calculator as Cory welcomes Alan Haigh, co-founder and managing partner, of Impact Commercial Group to break down how to buy and invest in commercial real estate. Alan explains how the first time investor and all the way through to a small business owner can achieve their goals of owning commercial real estate in BC. | |||
| VCREP #65 | Best Investment Opportunities in a High Interest Rate Market with Harry Jones | 24 Aug 2022 | 00:30:28 | |
As interest rates continue to push upwards and with another increase upon us come September this one market has continued to see growth and increasing pricing. This week from the William Wright Commercial Victoria Office; Cory and Adam welcome Harry Jones to discuss the Greater Victoria market that just doesn't slow down regardless of market conditions. Harry walks us through all the asset classes and how they have performed over the past year and what is to come as interest rates continue to rise. Harry also gives us some insight and where he is investing his hard-earned money and why. There are not too many surprises here if you are a consistent listener of the podcast. | |||
| VCREP #64 | Understanding Property Taxes 101 with Clayton Olson | 17 Aug 2022 | 00:45:27 | |
Ever wonder why or even how your property taxes go up every year? This week Cory and Matt welcome Clayton Olson of the Altus Group to discuss the metrics behind understanding your commercial property taxes. Although in most cases, your commercial property taxes are passed onto your tenant through a true triple net lease. These rising costs have a direct impact on your tenant’s ability to pay their rent. Clayton walks us through how these costs are calculated, why they increase, and what you can do about it if you disagree with your tax amount. If you own commercial property this is another episode you don't want to miss. | |||
| VCREP #143 | What’s Next in Commercial Real Estate and Interest Rates with Peter Leung | 18 Sep 2024 | 00:50:42 | |
This week, Cory and Melissa are joined by the Investapreneur himself, Peter Leung, to dive deep into the latest interest rate trends and how they impact the commercial real estate market. Peter shares his insights on why now is the time to invest in commercial properties, which markets are catching his eye, and where he sees the most potential for growth. If you're looking to make smart investment moves, this episode is packed with valuable advice! Tune in to discover where Peter would put his money next. | |||
| VCREP #63 | How To Buy Commercial Real Estate with Your Life Insurance Policy… Whilst You’re Still Alive | 10 Aug 2022 | 00:35:42 | |
Do you want to learn how to leverage a life insurance policy to buy commercial real estate? How can you benefit from a life insurance policy whilst your still alive? Cory Wright and Rod McKay are in the studio this week to welcome Robert Trasolini and Laurent Munier of Safe Pacific Financial, here to show you just how easy it can be to use a life insurance policy as an investment vehicle to drive you into the commercial real estate game. We really dive into an industry secret this week, so make sure you are taking notes. Enjoy! | |||
| VCREP #62 | What is Driving Up the Costs of Commercial Insurance, with Nigel Clark | 03 Aug 2022 | 00:39:31 | |
Why are my premiums going up so fast on my real estate insurance? The usual VCREP gang was off this week but instead we have commercial real estate experts Rod MacKay and Seamus Bailey stepping into the studio to welcome Nigel Clark of BFL Canada. Working for one of the largest risk management, insurance brokerage and benefits consulting firms in Canada, Nigel knows the commercial real estate insurance industry inside and out. He talks about how inflation, interest rates and rising construction costs all impact the insurance market and we dive into the difference between a soft-market and hard-market; as well as diagnosing the type of market we are currently in. You might also be surprised to hear what direction the insurance market is going in and how this directly affects consumers. He unpacks the previously volatile strata insurance market, how a recession can influence insurance policies and much more.
| |||
| VCREP #61 | Vancouver Island’s Diamond in the Rough Investment, with Mayor Ed Mayne | 27 Jul 2022 | 00:36:06 | |
We have talked a lot about Victoria and Nanaimo, but we haven’t spoken about what we bet could be a sleeper investment opportunity in Vancouver Island. This week Cory and Adam welcome Parksville’s Mayor Ed Mayne to discuss the exciting opportunities Parksville is currently experiencing in the Central Island market. As Nanaimo continues to boom, just 20 minutes up the road sits Parksville, which has seen a development boom of their own lead by a pro-active mayor, who has the business experience to guide the community into 2022 and beyond. Mayor Mayne breaks down the growth of his city and what’s in store for Parksville as a spike in development permits and the attraction to the island lifestyle in beautiful Parksville. Don’t underestimate the growth of smaller communities on Vancouver Island as Parksville checks a lot of the boxes. | |||
| VCREP #60 | What Does a One-Percent Increase to Interest Rates Mean for Commercial Real Estate? | 20 Jul 2022 | 00:48:41 | |
If you were shocked by the Bank of Canada's one percent increase to interest rates this past week you are not alone. Cory and Matt are here this week to discuss the potential impact on commercial real estate... if any all. How does this affect your loan-to-value ratio when looking to acquire real estate? and what's next for the commercial real estate market in the province? As we continue down a path of unprecedented times, we unpack and shed some light on what they anticipate will happen and how that will be reflected in your decision making moving forward; as interest rates will continue to increase through 2022 and into 2023. | |||
| VCREP #59 | Canada's Best Commercial Real Estate Market in 2022, with Lori Suba & Laurae Spindler | 13 Jul 2022 | 00:46:52 | |
What commercial market in Canada has the whole country talking? This week Cory welcomes Lori Suba and Laurae Spindler, of Scout Real Estate in Calgary, to unpack the rollercoaster of action our friends over in the prairies are experiencing in the commercial market. Ever since the oil and gas sector crashed, Calgary has seen a down market which has lasted for a few years now. But, as Lori and Laurae discuss, you might be surprised to hear how some asset classes have bounced back and there is now overwhelming demand for one asset class in particular, which has seen percentage growth in numbers similar to that of BC! If you like to keep your finger on the pulse of commercial real estate in Canada, or just enjoy hearing great turn around stories, this episode is for you. | |||
| VCREP #58 l This Commercial Market Makes Dollars and Sense, with Jeff Kennedy | 06 Jul 2022 | 00:37:24 | |
There is no secret that supply chain issues and inflation are having direct impact on developers all around the world. In the studio this week Cory and Adam welcome Jeff Kennedy who is here from Troika Developments, one of Kelowna’s most well-known builders, to discuss the challenges within the development industry and what the future looks like for developers as well as breaking down some of the areas he is most excited about in BC’s Interior. Jeff also gives us insight into how developers would break down a purpose-built rental project vs a strata site, along with the metrics behind the decision making process. Not to mention, Jeff is one of the coolest guests we have had join us in 2022, so all considered, this is another great episode you do not want to miss out on! | |||
| VCREP #57 | Vancouver Island by the Numbers, with John MacDonald | 29 Jun 2022 | 00:41:25 | |
For 24 months and counting, Vancouver Island has become a shining star in the commercial real estate world. In this episode we unpack the numbers. This week Cory and Adam welcome John MacDonald, publisher of the Business Examiner; one of Vancouver Island's go to business online publications. He is here to break down how the various island markets fared with each other and provides some insight on the Thompson Okanagan region. Johns, on the frontlines of the business world is witnessing first-hand how 2022 is affecting various industries, in both a good and bad way. This is an episode you don't want to miss so sit back, enjoy the little sunshine we have and crack open your favorite beverage and take in as much from John as you can. Enjoy! | |||
| VCREP #56 | What's Really Happened in Canadian Commercial Real Estate in 2022, with Raymond Wong | 22 Jun 2022 | 00:40:31 | |
Want to hear from a man who plausibly has more data on commercial real estate than anyone in Canada? In the studio this week Matt and Rod, (Cory didn't survive the William Wright Whistler weekend), welcome Raymond Wong of the Altus Group to look behind the numbers on what has happened across Canada in 2022. Raymond unpacks what asset classes are selling, what are not, and what is set to rebound. You might be surprised with his answers on what Canadian cities have outperformed their counterparts and what cities are set for a big 2022. Raymond debunks all the myths and unlocks the data for only our VCREP listeners. | |||
| VCREP #55 | The City of Vancouver's Biggest Decision Ever, with Meg Cooney, Seamus Bailey and Liam Simpson | 15 Jun 2022 | 00:43:40 | |
As the new Broadway Skytrain line is now in full swing, the city's office market has started to rebound and the housing crisis continues to mount. the council members at the City of Vancouver now have to vote on what could be the biggest vote in Vancouver's history. This week Cory and Matt welcome Meg Cooney, Seamus Bailey and Liam Simpson from William Wright's Vancouver office to discuss the highlights, and the lowlights with the proposed Broadway plan. The team touches on areas that could have been more thought out with additional density and as well they discuss the strong attributes that plan will bring to some parts of the Broadway corridor. Almost 11% of the total land in Vancouver affected by this vote, this is another episode you do not want to miss out on. | |||
| VCREP #54 | Victoria vs Nanaimo… Which would You Rather? With Robin Kelley | 08 Jun 2022 | 00:54:36 | |
The ongoing debate on Vancouver Island right now is Victoria or Nanaimo? In this episode we ask this question from a commercial real estate perspective to one of our experts, Robin Kelley, of the Groupe Denux; one of Vancouver Islands long-standing families of real estate. Robin is on the show this week to provide his insight on both markets and how each market has fared over the years and unpacks what asset classes he thinks will continue to grow post COVID. He also touches on some Alberta projects the family has in the works. This is another great episode you don’t want to miss out on, so sit back and enjoy. | |||
| VCREP #142 | Navigating the Fall Market: Interest Rate Drops and What’s Next with Alan Haigh from Impact Commercial | 11 Sep 2024 | 00:47:34 | |
We are back! This week Cory is joined by Al from Impact Commercial to unpack the recent interest rate drop and its impact on the real estate market. Al dives into how these changes are shaping the fall market, offering his expert insights on what investors and developers can expect in the coming months. Tune in to hear Al's take on the future of rates, the opportunities they present, and how the real estate landscape might shift as we move into the new season. Level up! | |||
| VCREP #53 | Is the Commercial Real Estate Market about to Crash? With Rod MacKay | 01 Jun 2022 | 00:35:45 | |
As we approach the halfway point of 2022, people are asking; is the commercial real estate market about to crash? Rod Mackay of William Wright Commercial's Vancouver office is here this week to discuss the most unpredictable year we have had in real estate yet. From faster than expected rising interest rates, to record breaking month-over-month inflation, to worldwide supply chain issues… 2022 has been anything but predictable, so what does all this mean for BC's commercial real estate markets? Rod provides his insight on what has happened so far, what the rest of 2022 looks like, and where you can expect to see the deals… if any. Whether you're a business owner, a commercial real estate investor, or just someone enjoying the action this is episode is another must listen! | |||
| VCREP #52 | The Food App Industry Exposed, with Amrit Maharaj | 25 May 2022 | 00:46:00 | |
Ever find a great restaurant on your favorite food app, but then realize they don't have a physical brick and mortar location you can enjoy? On the show this week Cory and Matt welcome Amrit Maharaj, Chief Operating Officer of Coho Collective who is here to break down what exactly a ghost kitchen is, why some of your favorite restaurants are getting in on the action, and how they have capitalized on the food app boom. As the demand for the food delivery market continues to grow, Coho Collective is looking to expand rapidly not only in BC but across Canada and beyond. He also unpacks the opportunity and little start-up cost needed to open your first online ghost kitchen and take your culinary passion to the next level. After this episode you will never look at Doordash or Skip the Dishes the same way again. | |||
| VCREP #51 | How to Buy a Six Percent Industrial CAP Rate, with Bronwyn Scrivens | 18 May 2022 | 00:46:50 | |
As interest rates rise, investors are on the lookout for higher cap rate properties but where can you find these assets? On the show this week Cory and Adam welcome Bronwyn Scrivens from Omada Commercial Real Estate in Edmonton, Alberta to discuss Alberta’s growing industrial market and how that compares to BC's unprecedented prices. Bronwyn shares how Alberta is receiving the halo effect from BC's tight vacancy rates and staggering acquisition costs and what tenants and developers are now looking into when it comes to Alberta vs BC. Cory and Adam's are left wide-eyed when the cost of land and price per foot of key industrial areas are exchanged and just how much massive growth BC has seen over the years. As Edmonton and Calgary face off in the second round of this year's NHL Playoffs, the battle of Alberta is also happening off the ice as both cities look to have bounce back years in 2022 in the commercial real estate world. | |||
| VCREP #50 | Is the Fraser Valley Area the Best Real Estate Market in the Lower Mainland? With Jonathan Meads | 11 May 2022 | 00:49:40 | |
This week Cory and Matt welcome Jonathan Meads, Vice President of StreetSide Developments to discuss the booming Fraser Valley markets and the exciting projects StreetSide has available. One of the biggest secrets in commercial real estate is spotting the trends and staying ahead of them. We have heard for a while now the Fraser Valley markets have been booming and Jonathan unpacks why they keep their focus on the Fraser Valley primarily and where they see those markets going. Keeping in mind the continued population growth and how COVID has created a new work environment to navigate as things slowly return to their new normal. One thing a lot of us don’t know is just how big StreetSide’s parent company Qualico is and Jonathan is here to gives us a little peek inside one of Western Canada’s largest private developers. Another insightful episode you don’t want to miss! | |||
| VCREP #49 | Victoria Unleashed with Mayor Lisa Helps | 04 May 2022 | 00:35:24 | |
On a national and provincial level, one of the most exciting real estate markets has been Victoria. This week Cory and Adam welcome onto the show none other than Mayor of Victoria, Lisa Helps. Lisa unpacks how Victoria got to where it is today, the goals she has accomplished in the eight years as mayor and unveils what’s in store for BC’s capital city, including exciting areas to watch and highlights all the development happening throughout the downtown and surrounding areas. For two years in a row, Victoria has been our pick for best market to invest in and after this episode you will see why. | |||
| VCREP #48 | Rising Interest Rates & How they Will Impact Your Investments with Jon Switzer | 27 Apr 2022 | 00:44:52 | |
If you have been following the commercial or residential real estate markets in BC, you will know the latest hot topic everyone is talking about is the rapidly rising interest rates. In fast response, Cory and Adam have invited Jon Switzer of Impact Commercial for an emergency episode. The Bank of Canada has sharply increased interest rates over the past few months and Jon is here to break down what's happened, what might happen in the future, and how all this impacts the markets and your borrowing ability for your next commercial investment.
The good news is, it is not all bad and Jon sheds some light on how to navigate the next few months and provides some tips on what to look for in your next purchase to maximize your lending ability. As we come out of these record low interest rates Jon will provide you firsthand information on how to protect your investments, grow your portfolio, and where deals might be found. | |||
| VCREP #47 | Vancouver Island's Development Market Uncovered with Mike Kozakowski | 20 Apr 2022 | 00:46:11 | |
In an era where the most asset might be data, this week's guest has more behind the scenes data on the Greater Victoria development market than anyone else. This week Cory welcomes Mike Kozakowski, founder of Citified Media and citified.ca. A comprehensive resource for researching new-build homes and commercial spaces on Vancouver Island. Mike gives us a glimpse into the years and years of new construction data Citified has tracked in the Greater Victoria area and gives us his insight on the areas that are booming and what areas are about to boom. As well as providing us his thoughts on why the Vancouver Island market has been so robust through COVID and why the time is now if you're looking to invest in Victoria or Nanaimo. This isn't the Vancouver "Island" Commercial Real Estate Podcast....yet, but heading that way with the booming island market! | |||
| VCREP #46 | How to Scale Commercial Real Estate with Sam Wilson | 13 Apr 2022 | 00:42:54 | |
If you enjoy commercial real estate podcasts, this week's guest will certainly be no stranger. Cory and Matt are excited to welcome Sam Wilson, the renowned host of the hugely popular podcast, How to Scale Commercial Real Estate. Sam uncovers his roots in commercial investing, share some mistakes he has made along the way and talks us through what a good deal looks like to him. On top of all that, you’ll want to stick around to hear about the portfolio sale he exited in January 2020, which is a definite example of ‘timing the market’. | |||
| VCREP #45 | BC's Best Hidden Commercial Real Estate Market with David Algra | 06 Apr 2022 | 00:38:26 | |
If you had to guess which real estate market saw one of the biggest increases in commercial property value over the past 2 years, would you guess Chilliwack? This week Adam and Cory welcome David Algra of Algra Bros Development to discuss their current downtown Chilliwack project, District 1881. A bustling cultural hub of amazing storefronts, locally owned restaurants, breweries, new residences, and office space. David discusses the success of Algra Bro's development model of pedestrian oriented developments (POD) which encourages walkability and great retail like amenities at homeowners' doorsteps. He also uncovers the growth of the downtown Chilliwack area and hints on some markets that he likes for future development. This is another episode you don’t want to miss out on. | |||
| VCREP #44 | Is Nanaimo the New Victoria for Commercial Real Estate Part 2, with Mayor Leonard Krog | 30 Mar 2022 | 00:48:53 | |
In a recent episode we featured Steiner Properties, highlighting their exciting and upcoming new Nanaimo downtown project, 1 Commercial. Well, we got a lot of great feedback from the episode and its clear to us our listeners want to hear more about the hype that is being generated in the city. So, who better to hear it from than the mayor himself! This week Cory and Adam welcome to the show Mayor Leonard Krog. Here to share some great insight on all the new and upcoming projects and what the future holds for the port city. Plus, we dive into the highly anticipated and forthcoming OCP for the downtown and surrounding areas. VCREP has been very bullish on the Vancouver Island market, this is probably a episode you may want to give a few listens to, there is a lot of information to unpack about one of BC’s fastest growing communities. | |||
| REPOST: VCREP #33 | Supercharging Your Investment Portfolio with Alan Haigh | 14 Aug 2024 | 00:50:13 | |
*Disclaimer: This podcast was originally recorded and aired in January 2022* They’re back! Do you own a property with lots of equity that has built up over the years? Do you want to turn that equity into more properties without having to sell your property? This week, Cory and Matt ring in the New Year with Alan Haigh, managing partner of Impact Commercial Group, one of BC’s leaders in commercial mortgages. Alan breaks down how you can tap into that equity and turn one property into a thriving commercial portfolio without having to sell your asset. Every expert in real estate uses the power of leverage to build their wealth, so if you own real estate, this is a must-listen episode with advice from one of the best in the business! | |||
| VCREP #43 | Happy Spring Break | 23 Mar 2022 | 00:01:32 | |
Cory and the team are hitting the beach this week for a well deserved break. Next week we are back with another phenomenal episode. Stay tuned! | |||
| VCREP #42 | Canada's Fastest Growing City with Jon Friesen | 16 Mar 2022 | 00:31:42 | |
Recently named Canada’s fastest growing city with a 14% increase in population since 2016, tune in and find out what the head of one of the Kelowna’s premium development companies has to say. This week Cory Wright and special guest host Nathan Armour welcome to the show Jon Friesen, CEO of the Mission Group, the development company behind some of Kelowna’s spectacular tower developments including The Brooklyn, The Bernard Block office tower, and the forthcoming Aqua development in the Lower Mission district. Jon discusses why Kelowna has seen such a massive growth over the past 5 years and what the future looks like, as well as what’s next for the Mission Group. Kelowna is one of Canada’s most watched real estate markets as of late, so this is one episode not to miss out on! | |||
| VCREP #41 | Is Langford BC's New Big City? With Mayor Stewart Young | 09 Mar 2022 | 00:48:45 | |
Recently named BC's most resilient economy by BC Business Magazine and being one of the province's fastest growing cities Langford could be BC's next big thing. This week Cory and Matt welcome Mayor Stewart Young of Langford to discuss all the amazing developments happening throughout the city, new major tenant announcements and so much more. Mayor Young tells us the story of how Langford landed Costco, followed by Home Depot and now Tesla Motors. The mayor’s vision for Langford has been decades in the making and has been thrust to the forefront the past few years with the incredible growth of his community. From a booming downtown core boasting 3 lakes to a beautiful 6,000 seat outdoor sports and concert venue. Langford seems to offer something for everyone. | |||
| VCREP #40 | How To Buy A Office Building For Only $150,000 with Darcy Ulmer | 02 Mar 2022 | 00:54:38 | |
Ever wonder if you could buy an office building or a retail shopping mall for only $150,000? This week Adam and Cory welcome Darcy Ulmer, co-founder and partner at Stream Property Partners to learn how everyday investors can invest in some big commercial real estate assets for a fraction of the purchase price. This week Darcy unpacks how a limited partnership works and operates. As well as providing insight to some great projects Stream has on the go in both Kelowna and Mission. Most people will never get the opportunity nor understand how they would be able to invest in commercial real estate syndicates so this episode is a must listen for anyone wanting to understand and uncover the investment opportunities that exist right under their nose. | |||
| VCREP #39 | Is Nanaimo the New Victoria for Commercial Real Estate with Jacob Steiner | 23 Feb 2022 | 00:46:40 | |
If you don't recognize the Steiner family name, you will recognize their retail history. From A&B Sound to a Western Canada retail portfolio that would make even the best investors jealous. This week Cory and Adam welcome Jacob Steiner, the man in charge of special projects for Steiner Properties, to talk about everything panning from the incredible A&B Sound family story to their newest Nanaimo project at 1 Commercial Street. Tune in as Jacob walks us through why Nanaimo is finally ready for Steiner Properties next project, the explosive growth of Nanaimo and the redevelopment of the downtown core of one of BC's best port cities. If you have watched the real estate boom take over Victoria over the past few years, you have to ask yourself is Nanaimo next? This is absolutely an episode you don’t want to miss out on! | |||
| VCREP #38 | How to Make Money Like a Real Estate Developer for only $5000 with Ravi Mann | 16 Feb 2022 | 00:53:23 | |
Have you ever wanted to make the money real estate developers do? This could be your chance! This week Cory and Adam welcome Ravi Mann of PROPetual REIT and the Isle of Mann (IOM) Property Group to discuss their exciting new investment opportunities that can get anyone through the real estate investment door for as little as $5,000. PROPetual REIT (Real Estate Investment Trust) PROPREIT has established low minimum-investment property developments that are already in process, most at final reading at city councils. Make sure you grab your pen and paper because this episode does not disappoint! | |||
| VCREP #37 | What's next for the Canadian Economy with Doug Porter | 09 Feb 2022 | 00:47:23 | |
As Canada and the world continues to battle with Omicron, supply chains are challenged and the Bank of Canada surprisingly holds rates, what does all this mean for the rest of 2022 and the Canadian economy? This week Cory and Adam welcome Doug Porter Chief Economist and Managing Director, BMO Financial Group and with his 25 years of experience analyzing global economies he shares his thoughts on what is next for the economy, the Canadian real estate market, inflation and his prediction for interest rates. As inflation trends upwards and interest rates hover around historic low levels Doug provides BMO's outlook moving forward and what 2022 might have in store. This is a must listen to episode for anyone who has an investment in Canadian real estate. | |||
| VCREP #36 | Investing in Multifamily 101 with Marianne DeCotiis | 02 Feb 2022 | 00:51:22 | |
Ever wonder what commercial asset class has the lowest CAP rate but offer the most stable returns? This week Cory and Matt welcome Marianne DeCotiis, a multifamily specialist with William Wright Commercial's Fraser Valley office. Tune in as Marianne breaks down the multifamily asset class, sharing how its funded, how the leases are government regulated, and plenty more! Marianne also walks you through why demand for this asset class how been so consistent and how CAP rates have hit historical lows, yet demand continues to grow. Multifamily operates a lot differently than most commercial asset classes and Marianne unpacks why that is. | |||
| VCREP #35 | Staying on the Right Side of Commercial Real Estate Law with Tim Lack | 26 Jan 2022 | 00:45:42 | |
Over the past 20 months most industries have seen a lot of change and the law industry is no different when it comes to commercial real estate. This week Cory And Matt welcome Tim Lack of Redpoint Law to discuss the ever changing world of the legal side of commercial real estate. Tim shares his insight on how COVID has changed how commercial real estate is leased, sold and financed. If your looking to add to your portfolio, have space you need to find a tenant for, or looking to expand your business into another leased space this is an episode you don't want to miss | |||
| VCREP #34 | One Commercial Real Estate Cost that's Set to Skyrocket with Owen Lecky | 19 Jan 2022 | 00:41:56 | |
Over the past 20 plus months we have all heard about supply chain issues, labor shortages, logistic challenges and this all has a direct impact on the construction of commercial and residential real estate in the province. This week Cory and Adam welcome Owen Lecky from Wales McLelland, an industry leader in commercial construction, to unwrap all the issues we have all been hearing about during the pandemic affecting our real estate market. Owen discusses supply costs skyrocketing, the challenges in finding sub trades, and why project timelines are being extended far beyond what anyone wants to see. He also sheds some light on markets developers are moving into and some markets that have seen pullback as population shifts throughout the province as the pandemic continues. Owen also speaks to the asset classes that have an increase in interest from developers and ones that have seen a pivot. Spoiler alert, every developer wants industrial, this could be the understatement of the year so far and we are not even 3 weeks into 2022. | |||
| REPOST: VCREP #28: Why You Should Invest in Canada’s Next Big City with Anita Huberman | 07 Aug 2024 | 00:43:23 | |
*Disclaimer: This podcast was originally recorded and aired in November 2021* Ever wonder what makes Surrey so attractive for both businesses and families? This week, Anita Huberman, President and CEO of the Surrey Board of Trade, joins Matt and Cory to discuss Canada’s next big major city and the driving forces behind it. If Surrey wasn’t on your list of places to invest in, it should be now after listening to this episode! Anita breaks down all the economic drivers behind the massive growth of BC’s second largest city and what makes it attractive for so many developers. She also shares which areas of Surrey are next to boom that may not be at the forefront of the public eye just yet, which always makes for a great investment opportunity. Anita also shares some interesting stats when it comes to the age demographic of Surrey (hint: you haven’t yet missed the boat to invest in this booming city). Stats show that Surrey is on pace to become BC’s largest city or municipality by 2040. Whether you’re talking about industrial, office, retail or multifamily, Surrey is a place that should be high on everyone’s investment list! | |||
| VCREP #33 | Supercharging your Investment Portfolio with Alan Haigh | 12 Jan 2022 | 00:50:50 | |
They're back! Do you own a property with lots of equity that has built up over the years? Do you want to turn that equity into more properties without having to sell your property? This week, Cory and Matt ring in the New Year with Alan Haigh, managing partner of Impact Commercial Group, one of BC's leaders in commercial mortgages. Alan breaks down how you can tap into that equity and turn one property into a thriving commercial portfolio without having to sell your asset. Every expert in real estate uses the power of leverage to build their wealth, so if you own real estate, this is a must-listen episode with advice from one of the best in the business! | |||
| VCREP #32 | Merry Christmas & Happy Holidays from VCREP | 22 Dec 2021 | 00:02:38 | |
Wishing our listeners a Merry Christmas and a Happy New Year!
Cory Wright | |||
| VCREP #31 | The Largest Real Estate Transaction in 2021 - $300,000,000 with Steve Jedreicich and Andy Tam at Keltic Canada Development. | 15 Dec 2021 | 00:49:02 | |
Have you ever wondered what goes into making a 300-million-dollar real estate decision? From Keltic Development Canada, Cory and Adam welcome Steve Jedreicich, Senior VP of Development, and Andy Tam, Senior VP of Business Development, to discuss their recent 27-acre acquisition in Richmond. Which tops off this year as the biggest transaction of 2021 at a whopping $300,000,000! Located next to the Olympic Oval in Richmond, this gargantuan development site ticks all the boxes when it comes to transforming and putting your stamp on a city. Get ready and buckle-up as Steve and Andy discuss the process of the acquisition, some of the challenges faced when dealing with such a large parcel of land, and what lies ahead for such a massive decade-long build. If you have ever wanted to know how the "big boys" make record-breaking real estate decisions, this episode is for you! | |||