Vancouver Commercial Real Estate Podcast

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!

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.

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. 

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! 

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.

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. 

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!

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’.

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. 

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.