Vancouver Commercial Real Estate Podcast

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! 

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! 

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. 

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.

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!

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!    

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.

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.

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

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.