Vancouver Commercial Real Estate Podcast

Ever wonder what all the potential legal pitfalls that you might find in the development business?This week Cory and Melissa welcome Tim Sportschuetz of Sportschuetz & Co construction lawyers to talk about all things you would never think of that go into a real estate development in BC.From securing air right for a crane to swing unpinning the neighbours property to ensure the land doesn’t give way for your underground parkade. Tim shows us everything that goes into the legal side of the development that we would never know about. He also dives into tenants TI work and how you need to legally protect your property as a landlord.One of the most interesting episodes to date and a must listen to, no question!

 What's the last BC commercial real estate market left to boom?This week Cory and Melisa welcome Kevin Wong of Wesbild to talk about everything Kamloops and why this market is about to boom, from major industries driving the local economy to AAA tenants looking to enter the market.If you are a tenant looking to grow your business into a new market or a commercial investor looking for the next market to invest in, this is a must listen episode for you. 

*Disclaimer: This podcast was originally recorded and aired in September 2021*They say hindsight is 20/20 and looking back over the past 20 years and seeing the amazing run up in value the Vancouver real estate market has had, it's fair to say we all wish we would have bought more.Some people would even say if you buy in now, you might have missed the boat...but don't worry! If this is you, we might have found the next Vancouver real estate market and it's only a short "boat" ride away.This week, Matt and Cory welcome Chard Development's President and CEO Byron Chard to talk about the booming Victoria real estate market. Byron discusses everything Victoria and some of the exciting projects Chard has in the pipeline and shares with us some of his thoughts on where the Victoria market is headed and some of the stats he shares might surprise you and sound familiar to Vancouverites.If you're looking for that next real estate market to invest in and want to get in before it's too late, you'll want to make sure to grab a pen and notepad and listen to this episode!

When buyers spend millions on buildings there is one area some of them tend to skip… and that can end up being a very costly mistake.This week Cory and Matt welcome Conall Barr from CBarr Inspection, here to talk about the importance of a commercial building inspection before you remove subjects on your next purchase.Conall unwraps the many layers of a commercial inspection and how they can save a buyer hundreds of thousands of dollars in deferred maintenance costs. Conall also shares some of the best and worst situations he has seen which are always interesting, this is another great episode you do not want to miss, enjoy!

Want to know why VCREP picked Nanaimo as the best investment market for 2023? This week Cory and Melissa welcome Connor Braid of William Wright Commercial and Managing Director for Vancouver Island to share the inside stats on why the Central Island region is an investment market you want to know. From developments to population growth to thriving industries Connor breaks down it all and why you want to make sure Greater Nanaimo is on your search criteria for your next commercial real estate investment. 

As the interest and activity ramp up in late February, everyone is asking where are the best opportunities found? No worries, we have some of the answers as this week Cory and Adam welcome Thomas Wieckowski of Campbell & Pound to discuss what's in store for 2023 and a lookback at the past 24 months.Thomas walks us through what the appraisal industry has seen over the past two plus years and gives his thoughts on what makes a good opportunity. Thomas takes the high road and doesn't divulge the exact location(s) or asset classes but don't worry, Cory sums it up for him and the listeners. More great insight to the year ahead and another must listen for all commercial real estate investors. 

Who better to hear from on how 2023 is shaping up than an appraiser who sees all the deals and numbers. This week Cory and Melissa welcome commercial appraiser Ryan Wong from Ryan LLC. Ryan sees ALL the numbers and knows what assets are trading and where and he lets us in on what he is seeing. Will the market collapse in 2023? Will inflation topple the market? Will we see gains in real estate assets in BC this year? Ryan lets us in on all of this and more plus he explains the important role appraiser play in the sales aspect of commercial real estate in BC

Ever wonder what it would be like to be part of a billion dollar plus portfolio of real estate and where and what you would buy?This week Cory and Matt welcome Alex Messina, VP of Acquisitions for Nicola Wealth Real Estate which oversees over $8.5 billion dollars’ worth of some of the best real estate in North America.From a growing self-storage portfolio to ground up development Nicola Wealth is involved in it all and to hear their strategy and where they are most excited about for 2023 is a must listen to event.Tune in as Alex highlights some of the key focus points that have guided their portfolio over the past couple of years and where they see things head in 2023 and beyond. It's a rare opportunity to hear firsthand from someone like Alex who has contributed to Nicola's massive success over the past decade. Not just in BC, but all-over North America. 

With the Bank of Canada's latest rate increase of 0.25% and what could be the last rate increase for 2023, what does this all mean? Don't worry, we have one of the best in the business to tell us. This week, Cory and Melissa welcome BMO's chief economist Doug Porter to give us his thoughts on interest rates, inflation, the overall Canadian economy, our neighbours to the south and everything else you need to know for 2023. As one of the VCREP's most requested guests, Doug doesn't disappoint and makes us a little more optimistic for what 2023 has in store. This will be one you will want to listen to over and over!

As things seem to have picked up already, phones are ringing for properties, and sellers are receiving offers, in some cases multiple..So what does it all mean?This week, Cory and Adam welcome Patrick Wood from William Wright's Victoria office (and the company's unofficial in-house economist) to tell us how to interpret this quick start to the year, what his picks are for best investment markets in 2023, and what he anticipates all these numbers reveal about interest rates and inflation.Pat never disappoints, so sit back and enjoy!