Vancouver Commercial Real Estate Podcast

*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. 

*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. 

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. 

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!