Vancouver Commercial Real Estate Podcast

BREAKING NEWS BREAKING NEWS BREAKING NEWSAs 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. 

Everyone is always looking for the next asset class to buy ahead of the curve and we know what it is for 2023. This week Cory and Melissa welcome Adam Mitchell of Low Tide Properties to discuss their latest project Lab 29. In the industrial asset class, you have sub asset classes such as cold storage, self-storage, data storage and life sciences and on the show today we are discussing what could be the most sought-after asset in Vancouver, industrial lab space. Adam breaks down why Lab 29 helps with Vancouver demand for this asset, and he shares with us why Low Tide continues to invest in this sub asset class and why it is in such high demand. With the talent pool Vancouver has, international companies continue to look to Vancouver for future expansion and this week's episode will provide some great insight to what is next for commercial real estate in our great city.

Ever wonder what is happening in the real estate world across the pond? This week Cory and Melissa welcome Daniel Eagling from Cairn Homes all the way from Ireland to discuss how inflation, interest rates, and supply chains are affecting their market. Dan walks us through the challenges their market and the neighbouring European markets are having, the strain on supplies, and tightening of the rental market heading into 2023. You may be surprised to hear how similar the challenges are between Europe and Vancouver and how they are managing to deal with future housing issues. It's a great eye opener to see how they are moving through the post COVID era into record setting inflation and sky rocketing interest rates in a similar real estate world that we deal with.

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.

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!

As we have seen during the past couple of years, more and more people are moving into the Fraser Valley region as the home prices continue to increase in this market. These people need a place to work and grow their business.This week Cory and Adam welcome Brad Howard, Director of Development at PCI Development to discuss the Lower Mainland's second downtown in Surrey. PCI Developments is one of this Province's largest and most respected developers since the early 80's and we are fortunate to have Brad with us this week to tell us about one of their exciting and recently completed projects, The King George Hub.The King George Hub is a massive investment into a transit oriented community where residents can live, work and shop next to the Surrey's King George Skytain station this new development offers everything.Brad unpacks the success of the project, why it is desperately needed in Surrey, and the rapidly growing downtown district in Surrey Central. Brad provides his insight to this exciting and rapidly growing market and why more of this is needed within the Surrey and Fraser Valley market. Tune in!

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

Current economic challenges don't seem to be letting up anytime soon and that has got to leave you wondering - How is this affecting the development industry?This week Cory and Adam welcome back to the studio Jordan MacDonald, CEO of one of Vancouver's coolest developers, Fabric.Jordan opens up about the challenges the industry has faced with rising inflation and interest rates, lets us in on how Fabric has navigated the current economy, and how Jordan and his team have continued to grow and acquire assets during this time.Jordan also explains how different deals look now and how all developers need to be more creative than ever to keep the pipeline stuffed with projects. Another must listen to episode which tops off with another classic 6-pack of questions with Jordan at the end!

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. 

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.