Vancouver Commercial Real Estate Podcast

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.  

Ever wonder what makes Surrey so attractive for both business and families? This week, Surrey's Board of Trade CEO, Anita Huberman, joined Matt and Cory to discuss Canada's next big major city and driving forces behind it. If Surrey was not on your list of places to invest in, it should be now after listening to this episode! Anita breaks down all the economic drivers behind the massive growth of BC's second largest city and what makes it attractive for so many developers. She also shares which areas of Surrey are next to boom and may not be in the forefront of the public's eye just yet, which always makes for a great investment opportunity. Anita also shares some interesting stats when it comes to the age demographic of Surrey (hint: you haven't yet missed the boat to invest in this booming city). Stats show Surrey is on pace to become BC's largest city or municipality by 2040. Whether you're talking about industrial, office, retail or multifamily, Surrey is a place that should be high on everyone's investment list!

The world's richest man is the founder of an electric car company and that could be foreshadowing of what's to come in the future. This week, Cory and Adam welcome Maxime Charron from Leading Ahead Energy, an industry leading electric car charging solution provider. Max talks about how, in case you have been living under a rock the last few years, the impact the electric vehicles are having on society is causing more and more developers and commercial landlords to install EV car charging solutions on their properties. Shopping centres, industrial parks, office towers and parking lot owners are just a few of the groups highly interested in offering car charging solutions to their customers and tenants and are building a business around this. Max discuss where he thinks the business is headed and why gas station companies are also looking at this model. Plus, tune in for Cory's take on which market he would buy into and why!

It's no secret downtown Vancouver has been slower than its pre-COVID form but is it as bad as other cities? This week, Cory welcomes Nolan Marshall, the newly appointed CEO of the Downtown Vancouver Business Improvement Association (BIA) to discuss what is next for downtown Vancouver and how things have fared over the pandemic. Nolan joined our city from New Orleans where he experienced the devastating floods of Hurricane Katrina and played a role in the rebuilding of one of America's great cities. With people hopefully returning to the office in larger numbers come 2022 and the reopening of Rogers Area and other large venues, how is downtown preparing for the increased activity and what fun and exciting stuff is planned for 2022? Nolan paints a picture of the challenges ahead, but shares a lot of excitement planned and you might be surprised by his view on the office market downtown. As we look to better times ahead, Vancouver could have the perfect man in place to lead downtown through the end of the pandemic and return to normal...but before Nolan lets us go, he shares his best commercial real estate advice that won't disappoint! BIA Downtown Vancouver - https://www.dtvan.ca/

Did you find the perfect commercial property to invest in but, not sure how to or where to start? This week, Cory and Matt welcome commercial mortgage specialist Matthew Dunnigan, from the Impact Commercial Group, who breaks down all the steps needed from start to finish to help you acquire that commercial investment property you have always wanted. Matt discusses what asset classes banks are most bullish on, how much of a down payment you need to get started and everything in between. Matt also gives us his picks of which BC cities and asset classes he would invest in heading into 2022. This episode is a great refresher for a seasoned investor and a can't miss for all of those looking to enter into the commercial real estate landlord business. Grab a pen and paper to take notes because after finding out just how simple it is to finance commercial real estate, everyone will be adding an investment property to their Christmas list this year!

This week Cory and Adam are joined by the Investorpreneur himself Peter Leung who has amassed an international real estate portfolio in cities such as London, Vancouver and Hong Kong. Peter provides his insight on how investors can get started in commercial real estate, how commercial offers greater opportunities for investors that require funding than residential, his perspective on the Vancouver and BC marketplace, and he divulges a spectacular investment strategy. Peter shares his predictions on where the market is going in the coming years and what asset classes he is most interested in post COVID. This is an episode for all commercial real estate investors!