Vancouver Commercial Real Estate Podcast

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.

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!

Wishing our listeners a Merry Christmas and a Happy New Year!    Cory Wright William Wright Commercial 

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!

There is no secret this past year has bolstered some amazing results for those who invested in commercial real estate and this week we are going to give you the VCREP top 5 markets we like for 2022! Rod Mackay from William Wright Commercial's Vancouver office joins Cory this week to discuss what markets will be ones to watch heading into the new year. There are some of the obvious picks that seem to have made everyone's list for next year, but there are a couple that might catch you off guard. Rod and Cory break down why these cities made the list and what asset class to watch out for in these markets. You may also be surprised by what cities didn't make the list this year! Not to say those cities are bad investments...they just don't offer the same upside in the short-to-medium term as the VCREP Top 5. Whether you're a novice investor or you have a large portfolio, this is a must listen-to episode heading into 2022!

Do you own a condo in a rapidly developing area that the land might be better suited for an incoming high rise? This week Cory welcomes Meg Cooney, a strata wind-up specialist, to see if your condo might be worth way more than you think to a developer. Meg breaks down what a strata wind-up is, how you can see potentially if you fall within an area that might be a candidate for a wind-up, and how to use this strategy when looking to make your next real estate investment. She also breaks down the percentage of owners that have to vote in favour to list the property, accept an offer, and the court process to follow if not all 100% of owners vote in favour of a sale. If you live or own a condo this is a must listen to not to mention Meg also pulls off double duty on this episode.