Vancouver Commercial Real Estate Podcast (Cory Wright)

Join Cory and Melissa this week with Nathan Armour, the esteemed Team Lead at William Wright Commercial's New Westminster Office. Recognized as one of the top-producing brokers, Nathan brings a wealth of experience in the industry.

His expertise spans property valuations, business sales, investment opportunities, and understanding the unique needs of clients across various asset classes. With a background in management and hospitality, Nathan brings a unique blend of skills to the table, creating a culture of execution that enhances the commercial real estate experience.

Tune in to gain insights into market trends, areas of activity, and the ever-evolving landscape of commercial real estate as Nathan unpacks his extensive knowledge, where industry expertise meets a passion for delivering results.

*Disclaimer: This podcast was originally recorded and aired in June 2021*

Ever wonder how an appraiser or bank views your purchase? This week Cory welcomes Thomas Wieckowski to break down the appraisal process, how to value risk, and how a bank views your property. A must-listen-to episode if you are thinking of buying or have purchased commercial real estate to ensure you get the best value for your dollar. Thomas sheds some great insight for your next commercial purchase and what to consider during the offer process!

Back by popular demand, Cory and Matt welcome back Doug Porter, Chief Economist and Managing Director of Economics at BMO Financial Group.

Doug provides unparalleled insights into the current landscape of interest rates and offers a crystal-clear view of what lies ahead. Will the trend continue its upward trajectory, or are we on the brink of a shift?

Delving into the heart of economic forecasts, Doug addresses the pressing question on every investor's mind: What's next? Gain valuable perspectives on potential scenarios, from inflation to monetary policy shifts.

For anyone looking to navigate the financial landscape with confidence, this episode is a must-listen. Stay informed, straight from the experts.

Here is a SECURE LINK to donate to Jayden Lee's 100 Mile run for BC Children's Hospital. 

This week, Cory and Melissa welcome Nick Renton to the show for a comprehensive overview of the BC and Okanagan real estate markets. With over 13 years of experience in credit and investment within retail and business banking, Nick brings a wealth of knowledge to the discussion.

Nick, now with William Wright Commercial, leverages his extensive background to uncover real estate opportunities across the Okanagan and BC. His career includes managing significant investment and credit portfolios, supporting business development initiatives, and helping clients with property purchases, leasehold improvements, and equipment financing.

Tune in to gain valuable insights from Nick as he shares his expertise on the current state and future prospects of the BC and Okanagan real estate markets.

*Disclaimer: This podcast was originally recorded and aired in June 2021*

Who has the dirtiest job in commercial real estate? Cory welcomes Shane Rigter from Next Environmental, a leader in environmental testing in the commercial real estate industry. When buying a commercial building or property, ever wonder how the soil can impact your purchasing decisions? Shane breaks down what this is all about and how federal and provincial regulations have impacted this part of the industry. All commercial land owners, and future land owners, need to grab a notepad, pull up a seat, and hear how the dirt below your feet can affect you buying the building above the surface. 

Back in action! Cory and Melissa have returned to the studio. This week we are joined by Jeff Hancock who specializes in land development and is joining us all the way from the William Wright Kelowna office.

Jeff is here to discuss from first hand experience the repercussions and effects the recent forest fires have on the local market over there. These annual occurrences have become a part of life for this vibrant Okanagan city that has over the past few years has become a bubble for real-estate development.

Jeff also unpacks a comprehensive overview of the commercial real estate landscape in Kelowna. This episode might be compact, but it's packed with the latest, need-to-know information. Lets go!

This week on VCREP, Cory sits down with Peter Mitham, Editor of Western Investor, to spotlight five promising Canadian real estate markets that investors should have on their radar.

With decades of experience covering commercial real estate, economic trends, and business insights, Peter shares his expert analysis on key markets across the country and what makes each one worth watching.

This episode is packed with valuable takeaways for anyone in commercial real estate. Tune in!

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!

This week Cory and Matt welcome Jonathan Meads, Vice President of StreetSide Developments to discuss the booming Fraser Valley markets and the exciting projects StreetSide has available.

One of the biggest secrets in commercial real estate is spotting the trends and staying ahead of them. We have heard for a while now the Fraser Valley markets have been booming and Jonathan unpacks why they keep their focus on the Fraser Valley primarily and where they see those markets going. Keeping in mind the continued population growth and how COVID has created a new work environment to navigate as things slowly return to their new normal.

One thing a lot of us don’t know is just how big StreetSide’s parent company Qualico is and Jonathan is here to gives us a little peek inside one of Western Canada’s largest private developers. Another insightful episode you don’t want to miss! 

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.

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!    

Cory and Melissa are back! This week is a insightful conversation with Eric Wainwright, managing director for STOREYS.

STOREYS covers and reports on the Toronto housing market. Being a leader in publishing digital content, Eric unpacks his thoughts on the current market, interest rates to challenges developers are facing and more!

Great conversation in a jam packed episode to get you caught up to date, and to give you some knowledge on where the market could be heading. Let's go!

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!

*Disclaimer: This podcast was originally recorded and aired in May 2020*

Ever thought about buying commercial estate and thought it was impossible to qualify for financing? Put away the notepad and calculator as Cory welcomes Alan Haigh, co-founder and managing partner, of Impact Commercial Group to break down how to buy and invest in commercial real estate. Alan explains how the first time investor and all the way through to a small business owner can achieve their goals of owning commercial real estate in BC. 

Ever wanted to buy commercial real estate but never felt you had the financial ability to do so? This week, Cory and Matt welcome Mitch Jarvi from the new crowdsourcing investment platform Addy.

Mitch walks through the new opportunities Addy offers to its members by acquiring shares in various commercial real estate properties for as little at $1.00 and up to a maximum of $1,500.00 per property. Each opportunity offers different risks and returns based on the property type and location. Addy allows its members to customize their portfolio of commercial holdings similar to buying a single song on iTunes vs having to buy the whole CD to get the one song you are after. This new crowdsourcing approach makes commercial real estate affordable for anyone looking to enter the market place.

*Disclaimer: This podcast was originally recorded and aired in November 2021*

Ever wonder what makes Surrey so attractive for both businesses and families? This week, Anita Huberman, President and CEO of the Surrey Board of Trade, joins Matt and Cory to discuss Canada’s next big major city and the driving forces behind it. If Surrey wasn’t 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 that may not be at the forefront of the public 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 that 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!

Happy Holidays, Happy Hanukkah and Merry Christmas from all of us at the VCREP and thanks for listening in 2022. As the podcast continues to grow week-over-week we have some amazing guests lined up for 2023 which is shaping up to be our biggest year yet. 

Thanks for all the continued support and we look forward to some amazing shows in 2023

 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. 

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 learn how to pick winning markets in under an hour? Many of you will know Cory Wright as Host of the Vancouver Commercial Real Estate Podcast, but Cory is so much more - Founder & Managing Director of William Wright Commercial Real Estate Services, BIV’s Top 40 Under 40 award recipient, Ernst & Young Entrepreneur of the Year Finalist, avid real estate investor, and - most importantly - one of the best deal finders we’ve ever met.

So this week, Cory joins Matt & Adam to hold a master class on how to choose markets, find and analyze the best deals, and implement advanced strategies that will supercharge your portfolio. The strategies in this episode apply to both residential and commercial real estate investing. Enjoy.

Have you ever wondered how commercial real estate works or better yet what it even is? We got you covered with the launch of the Vancouver "Commercial" Real Estate Podcast hosted by Cory Wright. To kick things off Cory welcomes very special guests and co-hosts Adam & Matt Scalena, aka Cory's new boss, to help break down the commercial real estate world and help educate with commercial 101.  What asset classes fall within the commercial industry, where to buy, how to buy, and everything in between Cory breaks down everything you need to know to get started. This episode will start a  journey into the commercial real estate industry within British Columbia so grab a seat, get a drink, and sit back and let Cory open up the mysterious world of commercial real estate in one of the most competitive and sought after real estate markets in the world. 

There is no question the hospitality sector has been hit the hardest by the COVID pandemic. One of Vancouver's most prominent restaurant CEOs joins Cory this week to discuss the challenges the industry has had to overcome to survive and what the future of the business looks like.

The Glowbal Group operates 10 locations that are some of the premiere restaurants in the Greater Vancouver area; their CEO Emad Yacoub discusses how they survived losing more than $110,000 per day, managed a payroll of over 900 employees when the COVID shutdown hit, and what the Glowbal Group has in store for the future. The former Restaurateur of the Year provides his insight of what is next for the industry and what challenges still lie ahead while shedding some light on when he expects sales to get back to pre pandemic levels.

This is a must-listen episode, as the hospitality sector is one of the largest employers in the province and the lifeblood of the downtown Vancouver scene!

*Disclaimer: This podcast was originally recorded and aired in November 2021*

The world’s richest man is the founder of an electric car company and that could be foreshadowing of what’s to come. This week, Cory and Adam welcome Maxime Charron, President of LeadingAhead Energy, an industry-leading electric car charging solution provider.

Max talks about how the impact that 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 discusses 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!

*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!

As summer comes to an end and we start the fall season, the Western Investor is due to release their five best cities to invest in for 2023. This week Cory and Matt welcome back Frank O'Brien from the BIV Media Group to tell us about their top cities for commercial real estate in 2023. This year's list has a few VCREP favorites plus a couple of surprises and not to mention the number one spot is not even in BC this year.

Frank also shares his opinion on the NDP's David Eby's new housing plan and how it could be setting us back and opening an even bigger opportunity for speculators. Frank never disappoints with his charismatic storytelling and insight. Tune in! 

*Disclaimer: This podcast was originally recorded and aired in July 2022*

There's no secret that supply chain issues and inflation are having a direct impact on developers all around the world. In the studio this week, Cory and Adam welcome Jeff Kennedy from Troika Developments, one of Kelowna's most well-known builders, to discuss the challenges within the development industry and what the future looks like for developers, as well as breaking down some of the areas he is most excited about in BC's Interior.

Jeff also gives us insight into how developers would break down a purpose-built rental project vs. a strata site, along with the metrics behind the decision-making process. Not to mention, Jeff is one of the coolest guests we have had join us in 2022, so all things considered, this is another great episode you do not want to miss out on!

If you enjoy commercial real estate podcasts, this week's guest will certainly be no stranger. Cory and Matt are excited to welcome Sam Wilson, the renowned host of the hugely popular podcast, How to Scale Commercial Real Estate.

Sam uncovers his roots in commercial investing, share some mistakes he has made along the way and talks us through what a good deal looks like to him. On top of all that, you’ll want to stick around to hear about the portfolio sale he exited in January 2020, which is a definite example of ‘timing the market’.

Over the past year and a half, the world has seen many changes...but is the office space one of them? According to Drew Ratcliffe it is.

This week, Cory welcomes Drew Ratcliffe of And Co, a new all-in-one, multi level, office community completed with a wellness studio, restaurant & event space. Drew shares his vision of what he feels the future of office space in Vancouver will look like while introducing his latest venture And Co. More than just another shared office space, Drew believes he will be able to offer potential tenants a world class experience.

Whether you're a business looking for new space or you have outgrown your home office, this could be the episode you have been waiting for!

Join Cory and Adam this week with Joshua Gaglardi, founder and President of Orion Construction.

Joshua unpacks the company's extraordinary journey to success. With a wealth of industry experience and a talent for navigating the complexities of light industrial and commercial construction, Joshua shares insights into Orion's remarkable rise to prominence.

Joshua delves into the strategies and principles that have propelled Orion Construction to the forefront of the industry. From negotiating contracts exceeding $2 billion to overseeing millions of square feet of developments, Joshua's visionary leadership has been instrumental in Orion's rapid growth and market dominance.

Let's go!

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!

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! 

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/

*Disclaimer: This podcast was originally recorded and aired in November 2021*

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 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.

Join hosts Cory and Melissa this week in a captivating interview with Gordon MacPherson, President of Elevate Development Corp.

Gordon provides expert insights into the current real estate market and its dynamic nature. We talk about how different asset classes have been affected since the pandemic and gain valuable knowledge on the evolving trends in walkable village concepts within various areas. Get ready to broaden your horizons as Gordon shares what he perceives as investment opportunities across the country.

Whether you're a seasoned investor or just starting out, this episode offers a wealth of information to help you navigate the ever-changing real estate landscape. Tune in now to gain valuable insights from one of the industry's most knowledgeable voices, and unlock the secrets to successful real estate investing. Lets go!

*Disclaimer: This podcast was originally recorded and aired in January 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!

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!

As people trickle back to the office in one fashion or another, is an investment into an office space the best opportunity in 2023?

Byron Chard, CEO and President of Chard Development, is back in the studio with Cory and Matt this week to discuss his latest office projects along with the success of those projects and everything Chard has on the books for 2023 and beyond.

Byron shares how Chard has pivoted among the many challenges the economy is currently facing, as well as retail, light industrial and purpose built rental opportunities, Byron also shares his thoughts on the overall market place and markets Chard is excited about.

A great friend of the show and one of Matt's fan favorites, Byron never disappoints and this episode is no different, so get out the note pads and be sure to take in as much as possible!

Join Cory and Melissa as they welcome Brad Jones, Senior Vice President of Development at Wesgroup, to the podcast this week. Recently recognized as one of Business in Vancouver’s Forty Under 40, Brad brings a wealth of experience and expertise to the table.

Brad unpacks the critical topics of Development Cost Charges (DCCs) and Community Amenity Contributions (CACs). With a focus on affordability and sustainability, they explore the challenges and opportunities facing future developments, offering invaluable insights into the complex world of real estate development.

Don't miss out on this enlightening conversation, where Brad shares his vision for elevating communities and driving positive change through thoughtful development practices.

Level up!

This week, Cory takes the helm solo to address a hot topic requested by our listeners: the proposed changes to Canada's capital gains taxes. With new taxation rules slated to come into effect on June 2nd, it's crucial to understand how these changes might impact your investments.

To shed light on this important issue, Cory is joined by returning guest Ben Vella. Ben, who previously shared his expertise on commercial real estate accounting, is back to unpack the effects of the new capital gains rules.

Tune in as Cory and Ben discuss the implications of these changes, what investors need to know, and how to strategically navigate the new landscape. Whether you're an experienced investor or just starting out, this episode is packed with essential insights to help you stay informed and prepared.

Don't miss this crucial discussion on the future of capital gains taxes in Canada and what it means for you.

People may or may not know that business sales and acquisitions fall under the commercial real estate umbrella.

This week Cory and Matt welcome Chris van Vliet from William Wright Commercial's Fraser Valley office to break down how you buy or sell a small business. Chris talks us through the timelines, the conditions, and some things you need to be cautious of when navigating through the process.

He also provides his insight on what businesses sell faster than others and exposes the lack of funding available through your traditional banking sector. If you own a small business or ever wanted to be your own boss, this is your episode. 

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! 

Cory and Melissa kick off 2024 with the return of the insightful Alan Haigh from Impact Commercial. With his finger on the pulse of the real estate landscape, Alan is a trusted guide for navigating market dynamics.

In this episode, Alan is joining us to provide a roadmap for the year ahead. Amidst market turbulence involving interest rates and inflation, Alan offers clarity on potential rate trajectories, strategies for seizing opportunities during market volatility, and insights to steer investors in the right direction.

Join us as Alan shares his expertise, charting a course to help navigate the ever-evolving real estate terrain in 2024. Don't miss this episode packed with invaluable insights from one of the industry's trusted voices!

Tune in as Cory and Matt invite Cameron Archer, Director of Sales and Marketing at Orion Construction.

Cameron is here to unpack the secrets behind the company's remarkable success. Cameron shares the fascinating journey of Orion Construction, a relatively new player in the construction landscape, and how they've managed to excel in a competitive market. From leveraging his background in managing industrial projects to nurturing client relationships, Cameron provides unique perspectives and creative solutions that have propelled Orion Construction to new heights.

Also... listen in to learn how you can enter our Nickelback ticket draw, front row to then featured on the show. Then to top if all off the possibility of a meet and greet with Adam Scalena! 

Don't miss out on this episode filled with valuable insights and exciting opportunities!

Ever wonder about that 5' x 5' self storage unit that you rented for $110/month to store all that crap you never use?

This week Cory and Adam welcome Pat Wood, formerly one of the, if not THE authority in self storage appraisals and consulting to discuss why this asset class has seen a huge run in the past couple of years. Pat breaks down what the self storage asset class is, why there seems to be so many popping up as of late, and what investment angles exist if you wanted to partake in the success of this booming industry. He sheds some light on the science behind the self storage business and why some locations work much better than others, plus what other types of business are now being paired up with self storage to offer a diversified investment option.

Anyone want a cash wash before you drop off your items to your self storage unit?? After this episode, you will never look at that overpriced storage locker the same way ever again!

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.

In a recent episode we featured Steiner Properties, highlighting their exciting and upcoming new Nanaimo downtown project, 1 Commercial. Well, we got a lot of great feedback from the episode and its clear to us our listeners want to hear more about the hype that is being generated in the city.

So, who better to hear it from than the mayor himself! This week Cory and Adam welcome to the show Mayor Leonard Krog. Here to share some great insight on all the new and upcoming projects and what the future holds for the port city. Plus, we dive into the highly anticipated and forthcoming OCP for the downtown and surrounding areas.

VCREP has been very bullish on the Vancouver Island market, this is probably a episode you may want to give a few listens to, there is a lot of information to unpack about one of BC’s fastest growing communities.

*Disclaimer: This podcast was originally recorded and aired in August 2021*

If you have been following the commercial or residential real estate markets in BC, you will know the latest hot topic everyone is talking about is the rapidly rising interest rates.

In fast response, Cory and Adam have invited Jon Switzer of Impact Commercial for an emergency episode.

The Bank of Canada has sharply increased interest rates over the past few months and Jon is here to break down what's happened, what might happen in the future, and how all this impacts the markets and your borrowing ability for your next commercial investment.

The good news is, it is not all bad and Jon sheds some light on how to navigate the next few months and provides some tips on what to look for in your next purchase to maximize your lending ability.

As we come out of these record low interest rates Jon will provide you firsthand information on how to protect your investments, grow your portfolio, and where deals might be found. 

North America's best industrial market just keeps getting better and better as Strand looks to add 1,000,000 SQFT to Vancouver Island's industrial driving force Langford, BC. This week, Adam and Cory welcome Strand Development's President Mike Mackay to talk about everything Langford and the exciting projects in Strand's pipeline. With the recent acquisition of the former Langford Speedway, which encompasses over 80 acres of prime development land, the growth and excitement of the Greater Vancouver Island industrial market just keeps growing. A multi-phase project set to launch this year, Strand (in partnership with Bastion Developments) will add to one of North America's most desired industrial markets, further attracting local, national and international tenants to Vancouver Island. Investors alike have been buying up Victoria, Colwood, Esquimalt and Langford for the better part of the last three years, so don't miss your chance to hear about the future of one of the best marketplaces on the planet. 

Ever thought about buying commercial estate and thought it was impossible to qualify for financing? Put away the notepad and calculator as Cory welcomes Alan Haigh, co-founder and managing partner, of Impact Commercial Group to break down how to buy and invest in commercial real estate. Alan explains how the first time investor and all the way through to a small business owner can achieve their goals of owning commercial real estate in BC. 

We have talked a lot about Victoria and Nanaimo, but we haven’t spoken about what we bet could be a sleeper investment opportunity in Vancouver Island. This week Cory and Adam welcome Parksville’s Mayor Ed Mayne to discuss the exciting opportunities Parksville is currently experiencing in the Central Island market.

As Nanaimo continues to boom, just 20 minutes up the road sits Parksville, which has seen a development boom of their own lead by a pro-active mayor, who has the business experience to guide the community into 2022 and beyond.

Mayor Mayne breaks down the growth of his city and what’s in store for Parksville as a spike in development permits and the attraction to the island lifestyle in beautiful Parksville. Don’t underestimate the growth of smaller communities on Vancouver Island as Parksville checks a lot of the boxes.

If you had to guess which real estate market saw one of the biggest increases in commercial property value over the past 2 years, would you guess Chilliwack?

This week Adam and Cory welcome David Algra of Algra Bros Development to discuss their current downtown Chilliwack project, District 1881. A bustling cultural hub of amazing storefronts, locally owned restaurants, breweries, new residences, and office space.

David discusses the success of Algra Bro's development model of pedestrian oriented developments (POD) which encourages walkability and great retail like amenities at homeowners' doorsteps. He also uncovers the growth of the downtown Chilliwack area and hints on some markets that he likes for future development. This is another episode you don’t want to miss out on. 

Join Cory in a thought-provoking conversation as he sits down with Shawn Bouchard, Chief Operating Officer of Lorval Developments.

In this episode, Shawn takes us on a deep dive into the pressing issue of Vancouver's rental housing crisis. With expertise gained from years of experience in the industry, Shawn unpacks his thoughts on the root causes of the problem and offers valuable insight on potential solutions. Discover how government intervention can play a pivotal role in addressing the challenges faced by renters in Vancouver. Shawn's expertise and passion for creating positive change shine through as he shares his vision for a more sustainable and accessible rental market.

If you're eager to gain a better understanding of the Vancouver housing landscape and explore potential strategies to alleviate the crisis, this episode is a must-listen. Get ready to expand your knowledge and join the conversation on building a brighter future for renters in Vancouver.

Also we missed it in the episode, but you can contact Shawn at SBouchard@Lorval.ca

Is there a real estate market, whether it be residential or commercial, that has attracted more hype during the pandemic than Kelowna?

This week, Cory and Matt welcome Jeff Brown, Team Leader of William Wright Commercial's Kelowna office, to the show. They  discuss the readily growing Kelowna real estate market; what, if any, impact the BC wildfires have had on this booming city; and how does Kelowna top the recent growth heading into the fall season and beyond.

Could you imagine tripling your investment in under 36 months? Jeff tells you what asset class in Kelowna has experienced this and what that asset class will do so in the future. Kelowna was recently named the 4th fastest growing city in Canada with a population growth of over 2% in 2020 but, can Kelowna maintain this pace into the later part of 2021 and into 2022?? If you're looking for an attractive commercial real estate investment that ticks all the boxes on the professional's investment checklist, then look no further than Kelowna. This is a must listen to episode for all commercial real estate investors!

Do you own land in BC? Are you required to file under the Land Owner Transparency Act by November 30^th?

Commercial real estate legal expert Scott McInnes of Redpoint Law is in the studio this week with Cory and Melisa to discuss this all-important deadline for BC landowners.

Scott is here to unpack what exactly the Land Owner Transparency Act is, if it applies to your property, and more importantly, if you are required to file by November 30^th, 2022.

If you are like most landowners in BC and have no idea about this requirement for most commercial properties in BC, you will want to make sure you listen to this episode. 

Who has the dirtiest job in commercial real estate? Cory welcomes Shane Rigter from Next Environmental, a leader in environmental testing in the commercial real estate industry. When buying a commercial building or property, ever wonder how the soil can impact your purchasing decisions? Shane breaks down what this is all about and how federal and provincial regulations have impacted this part of the industry. All commercial land owners, and future land owners, need to grab a notepad, pull up a seat, and hear how the dirt below your feet can affect you buying the building above the surface. 

Ever find a great restaurant on your favorite food app, but then realize they don't have a physical brick and mortar location you can enjoy?

On the show this week Cory and Matt welcome Amrit Maharaj, Chief Operating Officer of Coho Collective who is here to break down what exactly a ghost kitchen is, why some of your favorite restaurants are getting in on the action, and how they have capitalized on the food app boom.

As the demand for the food delivery market continues to grow, Coho Collective is looking to expand rapidly not only in BC but across Canada and beyond. He also unpacks the opportunity and little start-up cost needed to open your first online ghost kitchen and take your culinary passion to the next level. After this episode you will never look at Doordash or Skip the Dishes the same way again.

Do you want to learn how to leverage a life insurance policy to buy commercial real estate? How can you benefit from a life insurance policy whilst your still alive?

Cory Wright and Rod McKay are in the studio this week to welcome Robert Trasolini and Laurent Munier of Safe Pacific Financial, here to show you just how easy it can be to use a life insurance policy as an investment vehicle to drive you into the commercial real estate game. We really dive into an industry secret this week, so make sure you are taking notes. Enjoy! 

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! 

We are back! This week Cory is joined by Al from Impact Commercial to unpack the recent interest rate drop and its impact on the real estate market. Al dives into how these changes are shaping the fall market, offering his expert insights on what investors and developers can expect in the coming months. 

Tune in to hear Al's take on the future of rates, the opportunities they present, and how the real estate landscape might shift as we move into the new season. Level up!

What asset class has the lowest vacancy rate in North America, surging demand from tenants, and seems to be annually increasing lease rates?

This week, Cory welcomes Connor Braid, Managing Broker from William Wright Commercial's Victoria office, to discuss the industrial asset class in Greater Victoria. Boasting a vacancy rate of less than 1% and continued increasing demand post-pandemic, the industrial market in Greater Victoria could be the hottest commercial opportunity in North America and one of the best investments out there...that is, if you can even find property to purchase.

Connor breaks down why absorption of this asset class is so high versus its counterparts and why an unprecedented amount of new supply coming to the forefront in the coming years is nothing to worry about. You don't want to miss this episode, as this could be the amazing investment everyone is looking for!

It's time to reveal the top 5 commercial investment markets for 2024! Join Cory Wright and Rod MacKay, from William Wright's Vancouver office, as they again break down the most promising opportunities for the year ahead.

The criteria remains clear-cut: these markets offer above-average returns with significant potential for increased net operating income, paving the way for substantial equity gains. Get ready to take notes!

This week, Cory and Melissa welcome back Cameron Archer, Director of Sales and Marketing at Orion Construction. Cameron returns to dive into the latest trends and developments in the industrial sector across British Columbia. From the challenges of the current market to emerging opportunities, Cameron shares valuable insights on what’s driving the industrial landscape in BC. Whether you're an investor or just curious about the future of industrial real estate, this episode is packed with must-know information!

It's that time again, and just like last year, the team unveils their 5 best commercial investment markets for 2023. This week Cory and Melissa welcome back Rod MacKay from William Wright's Vancouver office to roll out where you want to invest this year. The criteria is simple: these markets offer above average returns with the opportunity for a major increase in net operating income in the coming years, resulting in a big potential equity gain. We can't give away the best investment advice in the write-up, so you will have to listen to the episode to find out. Get your pens and notepads ready because Rod doesn't disappoint!

Cory and Melisa connect with Shelby Kostyshen, a distinguished commercial real estate expert from the William Wright Commercial Kelowna office.

Shelby takes the reins to shed light on Vernon, a city that's recently seeing a uptick in growth. Could Vernon be the next Kelowna?

Shelby unpacks specific asset classes that mirror the trends unfolding in Kelowna. Whether you are a seasoned investor or simply intrigued by emerging markets, this episode offers an inside perspective on the potential transformation of Vernon. Let's go!

Here is a SECURE LINK to donate to Jayden Lee's 100 Mile run for BC Children's Hospital. 

In this week's episode, hosts Cory and Melissa are joined by a past-guest and fan-favorite, Jon Switzer friend of the show over at Impact Commercial.

Jon's deep involvement in the industry provides a unique perspective on the current market trends and movements. As a hands-on expert, Jon shares invaluable insights into the commercial real estate landscape, offering listeners a comprehensive view of the present and a glimpse into the future. Tune in for an informative conversation that promises to shed light on the ever-evolving world of commercial real estate.

Lets go!

Here is a SECURE LINK to donate to Jayden Lee's 100 Mile run for BC Children's Hospital. 

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. 

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.  

BREAKING NEWS BREAKING NEWS BREAKING NEWS

As everyone winds down their work schedules in preparation for the holidays the best news of 2022 was shared. This week Cory and Matt had to bump their guest this week for some welcomed interest news... finally.

While attending a holiday gathering Jon Switzer, of Impact Commercial, shared with Cory the 10-year bond numbers where falling which predicts (fingers crossed) the fixed rates will follow. After hearing this the VCREP crew had to get the news to the listeners and Jon doesn't disappoint.

Jon shares his prediction on interest rates for 2023 when he sees rates pulling off and declining. If you have a mortgage this is an episode you must take in. 

This week, Cory and Melissa welcome back fan favorite Scott McInnes, Partner and Lawyer at Red Point Law, for an in-depth discussion on the intricacies of contracts. 

In this episode, Scott unpacks the crucial elements of estoppels and shareholder agreements, emphasizing the significance of precise contract wording. With his extensive legal expertise, Scott offers invaluable insights into why every detail matters in contract formulation and execution.

Tune in for a detailed exploration of contracts and discover how to navigate the complexities of legal agreements with confidence. Don't miss this opportunity to learn from one of the best in the field!

*Disclaimer: This podcast was originally recorded and aired in November 2021*

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!

VCREP #139 | The most influential development in the South Okanagan: Rocky Sethi on the transforming of Penticton's Innovation District 

This week, Cory and Melissa welcome Rocky Sethi, Managing Director of Stryke Group, here to unpack a groundbreaking project near Penticton Regional Hospital, the Innovation District 

Rocky reveals the ambitious vision for a master-planned, mixed-use community featuring up to 1500 homes, over 100,000 square feet of retail and office space, and other commercial uses. With an investment of $800M over the next decade, the project promises significant economic benefits, including hundreds of local jobs during construction and permanent positions upon completion.

Tune in to learn about the innovative community design focused on walkability, urban design, and supporting the local workforce, especially those working at the hospital and nearby businesses.

Rocky’s insights into this transformative development offer a glimpse into the future of urban planning and community building. Level up!

Join hosts Cory and Melissa for an insightful episode featuring the return of the esteemed "investorpreneur" and international correspondent, Peter Leung, back for a fourth time on the show.

With an expert grip on international markets, Peter offers exclusive insights that can truly give investors a competitive edge. Explore his surprising viewpoints on the buy-sell dilemma and get ready to be astonished by his current pick for the ultimate investment hotspot.

Unlock Peter's wealth of knowledge and leverage his global perspective to make informed decisions that propel your investment ventures to new heights.

Don't miss this opportunity to gain from Peter Leung's invaluable insights, level up!

Join Cory and Melissa this week as they shift their attention to the city of Maple Ridge, a current hotspot in the commercial real estate realm.

Accompanied by special guest Stathis Michael Savvis, a seasoned professional from the William Wright Tri-Cities office, boasting over a decade of thriving real estate investing and finance expertise.

Stathis unpacks endlessly the exciting opportunities awaiting in Maple Ridge, accentuating its pro-business ethos and promising growth prospects within the greater Vancouver area.

Tune in and stake your claim on the dynamic Maple Ridge frontier!

This week, Cory and Melissa have back on the show past-guest-fan-favorite Meg Cooney, a seasoned Commercial Real Estate Broker at our William Wright Vancouver Office.

We have the spotlight on commercial office space and this week Meg is taking a deep delve into transformational approach that draws people back to offices without enduring long commutes. This isn't just a discussion about office spaces; it's a blueprint for redefining the future of our communities.

If you're curious about the potential of commercial real estate, the reinvention of office spaces, and strategies for thriving in this dynamic market, this episode is a must-listen.

Join Cory and Adam this week as they welcome back past guest and fan favorite, Jon Switzer from Impact Commercial.

Jon dives into the recently announced interest rate changes, discussing what these shifts could mean for the commercial real estate market and sharing his expert predictions on future interest rate trends.

Don't miss this insightful episode packed with valuable information for investors and real estate enthusiasts alike.

They’re back! As 2023 is now in full swing and the real estate markets are off to a rocky start, Matt and Cory welcome back Alan Haigh of Impact Commercial to set up the year. As interest rates and inflation are part of every conversion, Alan sheds some light on where rates are going, when they might pull back, and how to take advantage of this market turbulence to find a deal. While we may be in some challenging waters, Alan steers us in the right direction to help navigate the year ahead.

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! 

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

*Disclaimer: This podcast was originally recorded and aired in June 2021*

What tax benefits does commercial real estate offer, Want to buy a commercial property and avoid paying property transfer tax? Cory and Adam welcome John Juranyi from Davidson & Company Accountants to discuss tax tips and benefits of owning commercial real estate. John provides in site on how buy the shares or company vs the commercial asset to avoid property transfer tax and ways to defer capital gains on the sale of commercial real estate. A must listen to episode for everyone who owns or looking to own commercial real estate.

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! 

Join Cory and Adam this week as they welcome back Meg Cooney, a seasoned Commercial Real Estate Broker from William Wright's Vancouver Office.

Meg takes center stage to share insights into the world of pre-sale strategies in commercial real estate.

Whether you're an investor, developer, or simply intrigued by the intricacies of the industry, this episode offers a valuable exploration of pre-sale tactics and market insights with Meg Cooney. Don't miss out on this episode packed with knowledge and strategies!

Ever wish you could go back in time and buy as much Vancouver real estate as you could in 2003? It may not be too late....to buy into what could be BC's next real estate market set to boom: Kamloops. This week, Cory and Matt welcome Bryan Pilbeam, Vice President of Invictus Properties, to discuss everything Kamloops including Bryan's latest commercial project set to regenerate downtown Kamloops, The Hive. COVID19 has made working remotely the norm and has allowed both employers and employees to relook at where they call home and cities like Kamloops are right ready to boom.

Learn what industries are thriving and what's next for one of BC's largest Okanagan towns. Plus, Bryan breaks down the difference between Kelowna and Kamloops and you would be surprised with how much they differ.

Enjoy the first of a four-part mini series highlighting some of BC's best investment opportunities outside of the Lower Mainland.

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!

Join hosts Cory and Melissa as they welcome Santanna Portman, a seasoned Commercial Sales and Leasing Specialist at William Wright.

Santanna brings her wealth of expertise to the table, diving deep into the vibrant commercial landscape that defines Vancouver Island.

She offers invaluable insights and perspectives on the current state of the market, shedding light on key trends, emerging opportunities, and the evolving dynamics that shape this ever-changing landscape.

Another insightful episode into the life and the market on the Island. Let's go!

Here is a SECURE LINK to donate to Jayden Lee's 100 Mile run for BC Children's Hospital. 

As we approach the halfway point of 2022, people are asking; is the commercial real estate market about to crash?

Rod Mackay of William Wright Commercial's Vancouver office is here this week to discuss the most unpredictable year we have had in real estate yet. From faster than expected rising interest rates, to record breaking month-over-month inflation, to worldwide supply chain issues… 2022 has been anything but predictable, so what does all this mean for BC's commercial real estate markets?

Rod provides his insight on what has happened so far, what the rest of 2022 looks like, and where you can expect to see the deals… if any.

Whether you're a business owner, a commercial real estate investor, or just someone enjoying the action this is episode is another must listen!

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!

If you have been following the commercial or residential real estate markets in BC, you will know the latest hot topic everyone is talking about is the rapidly rising interest rates.

In fast response, Cory and Adam have invited Jon Switzer of Impact Commercial for an emergency episode.

The Bank of Canada has sharply increased interest rates over the past few months and Jon is here to break down what's happened, what might happen in the future, and how all this impacts the markets and your borrowing ability for your next commercial investment.

The good news is, it is not all bad and Jon sheds some light on how to navigate the next few months and provides some tips on what to look for in your next purchase to maximize your lending ability.

As we come out of these record low interest rates Jon will provide you firsthand information on how to protect your investments, grow your portfolio, and where deals might be found. 

Have you ever wondered how a property goes from an old house into a new multi level condo building?

This week, Cory and Matt welcome Fabric Living CEO Jordan MacDonald who pulls back the sheets and explains the developing process in detail plus discusses some of his hugely successful East Vancouver projects. From the years of approval and planning that takes place to the "not so big" profit margins developers work off of, Jordan breaks down everything for our listeners giving everyone a first hand look at the development process in the City of Vancouver.

If you have ever driven by a development site and wondered how it transformed from a couple of single family homes into the forthcoming condo building, this is an episode you don't want to miss!

William Wright Commercial operates offices in five of BC's top commercial real estate markets and with two more offices set to open in the coming months, who better to get a Province wide view on the markets than WWC's Business Development Manager, Matt Everitt.

This week Matt joins Cory and Melisa to take a look at what markets within BC are the ones to watch in 2023. Matt walks us through the expansion of WWC into both Kamloops and the Central Island and why the time is now for investors to jump into these areas before the market starts to move up quickly.

A great chat with WWC's Business Development Manager will get you excited for what 2023 might bring to BC's desirable commercial real estate markets. Enjoy.

Wishing our listeners a Merry Christmas and a Happy New Year! 

Cory Wright
William Wright Commercial 

This week, Cory and Melisa have Ric Hayward of Lower Mainland Bailiff. Ric guides landlords through the intricate process of handling tenant defaults, offering indispensable insights into how bailiffs can serve as a valuable resource for both parties involved.

Tune in to gain a comprehensive understanding of what to expect when a tenant defaults and how leveraging the expertise of a bailiff can be instrumental in resolving such situations. Ric covers the ins and outs, providing essential knowledge for landlords looking to navigate these challenges effectively.

Don't miss out on this episode packed with practical knowledge and insight.

Is the commercial real estate market finally turning a corner? The latter half of 2024 provides compelling clues. Founder & Managing Broker of William Wright Commercial Cory Wright sits down with Adam and Matt this week to dive deep into BC's ever-evolving commercial real estate landscape.

From surprising activity levels across multiple asset classes to emerging opportunities, Cory breaks down how the market has transformed through recent interest rate challenges and what changing pricing & returns mean for investors in different markets across the province.

Which BC markets offer the best investment opportunities right now? Are there deals to be found in new construction? And which major market might investors want to avoid in 2025? A critical take at a critical moment.

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!

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. 

The VCREP community has spoken, and they want to know what will happen next as interest continues to rise. VCREP is a podcast for the people, and who better to bring back to see what's around the corner than Impact Commercials very own co-founder and Managing Partner; Alan Haigh. Alan unpacks what has happened over the past couple of months in both Canada and US, how the bond market could predict what will happen to interest rates, and when will this madness end. Alan also unveils what markets he buys into and what markets you want to keep an eye on into 2023. One of the best in the business provides his insight on interest rates and what's next in the mortgage world, so this is one you have to listen to more than once!

Recently Kelowna was named the fastest growing city in Canada and if you have been there lately you can see why. This week Cory and Melisa welcome William Wright Kelowna's Team Leader Jeff Brown to check in to see if Kelowna has felt any slow down like most markets have experienced. Jeff shares his insight on what impact, if any, interest rates and inflation have had on the market, what asset classes continue to outperform, and what's next for Canada's fastest growing population. He also lets you in on where he would invest his money in today's commercial real estate market. An all-round charismatic guy with great CRE knowledge; Jeff never disappoints. 

This week, Cory and Melissa are joined by Shelby Kostyshen and Nick Renton from William Wright Commercial in Kelowna. With Shelby’s expertise in commercial sales and leasing and Nick’s background in credit and investment, they dive deep into the industrial real estate market in the Okanagan.

Tune in as they discuss key opportunities, uncover the best value for industrial assets, and share insights on how the market is performing. If you’re looking to invest in Okanagan's industrial sector, this is an episode you won’t want to miss!