Vancouver Commercial Real Estate Podcast

Joining Cory and Melissa this week we have from Scout Real Estate President and Broker, Lori Suba and Vice President and Associate, Laurae Spindler who are back on the show to revisit the market in Calgary.Lori and Laurae don’t hold back as we unpack the different sectors of the market as well as discuss the Calgary downtown core and learn what the future could entail for what we agreed was Canada’s top 2023 market.Take notes and broaden your boundaries as we take a peek over the fence into the Alberta commercial real estate market.

This week Cory and Matt welcome back Marianne DeCotiis; who has since moved from Langley and is now reporting from the William Wright office in Kamloops.We are opening the Kamloops market and digging in! How has the commercial market changed and developed over the past few years? How easy is the market to navigate? What is the current state of supply? How have the operations of the commercial market shifted? A great deal of information for the VCREP community this week, worth a second listen to make sure you digest it all.Marianne is back and providing us with fantastic insight. This is another information packed episode you do not want to miss out on. Enjoy! 

*Disclaimer: This podcast was originally recorded and aired in June 2021*Are you looking to buy commercial real estate but have no idea how to take care of the property? No worries; Cory welcomes Warren Smithies CEO of Martello Group, one of Western Canada’s leading commercial property management companies, with over 5,000,000 SQFT under management. Warren walks you through the benefits of having a professional management company oversee and manage your property which will lead to increased value for owners without having to lift a finger. COVID 19 impacted landlords all over the world and here first hand what Warren’s portfolio has experienced and here how they prepare as BC is entering the first stage of the reopening plan.

Joining Cory and Melissa this week is Bronwyn Scrivens. Bronwyn is an Associate on the Industrial Team at Omada Commercial, back on the show to give us a update on the Alberta market.Bronwyn unpacks market lease rates, the differences between Calgary and Edmonton when it comes to being an industrial landlord, how prices have changed and where would you invest if you were to walk into the market today? We even shook up the 6-pack for a little extra excitement. We ask the questions and Bronwyn does not hold back, another episode jam-packed with information and insight, lets go! 

With the amount of success our previous episodes with Rod have been, we just had to get him back on the show. So joining Cory and Matt this week, we have William Wright Commercial's very own, Rod MacKay.If you have been struggling to stay in the loop lately, this is the episode for you. Rod is here to give us a general update on the market. How have interest rates affected the market? How is the supply? What is the vacancy rate doing? And how is the retail market fairing after the pandemic?All of this and more in another information-packed episode for the VCREP community. It's always beneficial to get Rod's perspective on the market. Enjoy!

This week Cory and Mellissa invite Paul Sullivan from Ryan ULC who has a background as a real-estate appraiser and is a property tax expert. Here on the show to unpack and give us some useful and potentially business saving insight as he guides us through the labyrinth of commercial property tax.What are commercial tax classes? Which areas are taxed the most and how do they work it out? What can happen when you appeal your property tax assessment? And find out what happens when you don’t return those phone calls to BC Assessment.All of this and more. This is another episode you certainly don’t want to miss out on, take notes! 

Yet another major American retailer will exit Canada as the Nordstrom's brand is set to shutter eleven Canadian retail operations under two names operated by the American giant.This week Cory and Adam welcome to the show retail expert David Ian Gray of DIG 360 who is here to unwrap everything from how the retail environment has changed, why American big box brands haven't fared as well this side of the border and even touches into how technology has impacted the retail world and gives us his thoughts on why Nordstrom is pulling out …and his answer might catch you off guard.David also provides his insight into the post COVID retail landscape and why retail was on the decline prior to the pandemic. A true professional and expert in his craft, this is an episode that provides some much-needed answers to what is happening within the retail industry. 

Ever wonder how companies buy commercial buildings, fix them up, keep them, and then seem to buy more?This week, after receiving tens of emails over the past few months, Cory and Melissa will walk you through the 5 key indicators and steps on how you can buy value-add properties and get a 100% return on your equity in under 2 years. Cory outlines the areas, asset classes, and types of property this is achievable with and provides some essential information you Will not want to miss. If you have ever wondered how the professionals do it, this is the episode you will want to listen to over-and-over again.

As interest rates continue to move upward how can you cash in on this?This week Cory and Melissa welcome Lawrence Green of Spire Development Corporation to discuss what he sees happening in BC's best markets and discusses how you can make money from these high interest rates.Spire Development's enters its 17th year of operations and brings a one-stop shop to developers and commercial real estate owners looking to maximize their property's value through development.Lawrence also discusses his latest venture Spire Pacific Capital and how people can participate on the commercial lending front and how their model protects investors against borrowers not making interest payments.With over two plus decades in the commercial real estate industry, Lawrence provides some great insight on what's next and what to watch out for. 

Why is the collapse of SVB good for real estate in BC? This week, Cory and Adam welcome fan favourite Alan Haigh, founding partner of Impact Commercial Group, to discuss how the shocking events down south could impact BC real estate. Alan discusses how rates may move sooner than expected or how they may hold firm for 2023. He also provides his insight into what markets are moving and where the next market to boom could be. Another great episode to get your fix of what is on the horizon in commercial real estate in BC.