Vancouver Commercial Real Estate Podcast

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. 

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! 

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.  

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.

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.

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.

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!

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!

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.  

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.