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Showing episodes and shows of
Cory Wright
Shows
Vancouver Commercial Real Estate Podcast
VCREP #180 | Why Developers Can’t Build Homes in Today’s Market
This week, Cory Wright welcomes back Brad Jones, Chief Development Officer at Wesgroup, to unpack why building new housing has become so challenging in today’s market. They discuss everything from massive upfront costs and rising municipal fees to the unintended consequences of consumer protection legislation like the Real Estate Development Marketing Act (REDMA).The conversation also explores potential policy changes that could help unlock stalled projects, including removing GST on new housing and revisiting property transfer taxes. Brad offers a candid look at the hurdles developers face, why housing supply is struggling to keep up with de...
2026-02-04
35 min
Vancouver Commercial Real Estate Podcast
VCREP #179 | Interest Rates, Lending, and What Comes Next with Alan Haigh
This week on the Vancouver Commercial Real Estate Podcast, Cory Wright welcomes back Alan Haigh, Founding Partner at Impact Commercial Group, to break down what’s really happening in the commercial lending market.Alan covers where interest rates and bond yields are sitting, how lenders are viewing risk right now, and what that means for investors moving into the next phase of the cycle. They touch on office, industrial, multifamily, and land, highlighting where deals are starting to make sense again and where caution is still warranted.The conversation also looks at regional trends across BC...
2026-01-28
40 min
Vancouver Commercial Real Estate Podcast
VCREP #178 | Is the Market Finally Turning? A Commercial Real Estate Pulse Check
Is deal momentum finally returning, or is the market just catching its breath? Cory Wright and Rod MacKay sit down for an honest pulse check on commercial real estate, unpacking what they’re seeing on the ground as activity begins to pick up. From buyer expectations and pricing gaps to asset classes showing early signs of life, this conversation cuts through the noise and focuses on what actually matters right now. What’s driving renewed confidence? Where are deals still getting stuck? And what should investors and brokers be paying close attention to as the year unfolds? A timely, stra...
2026-01-21
40 min
Vancouver Commercial Real Estate Podcast
VCREP #174 | National Market Insights with Raymond Wong of Altus Group
This week on the Vancouver Commercial Real Estate Podcast, Cory Wright sits down with Raymond Wong, Vice President of Data Solutions at Altus Group, for a nationwide look at the commercial real estate landscape.With access to some of the most comprehensive data in the industry, Raymond unpacks key trends driving the Canadian market — from shifts in industrial and multifamily demand to evolving dynamics in office and retail. He also shares his outlook for the remainder of 2025, touching on the effects of interest rate changes, global trade pressures, and investor sentiment.Tune in for an in...
2025-10-08
31 min
Vancouver Commercial Real Estate Podcast
VCREP #173 | Towers, Town Centers & Tough Decisions with Sean Hodgins of Century Group
This week host Cory Wright invites Sean Hodgins, President of Century Group, to discuss the challenges and opportunities of large-scale development. Sean shares insights from the proposed redevelopment of the Tsawwassen Town Center, including the hurdles of navigating community pushback, the realities of working within Official Community Plans, and the delicate balance between housing, amenities, and political pressures.From grocery-anchored retail and libraries to innovative healthcare space, Sean outlines how Century Group is adapting its vision while shedding light on the bigger implications for developers across Metro Vancouver. If you’ve ever wondered what it really takes to...
2025-10-02
30 min
Vancouver Commercial Real Estate Podcast
VCREP #172 | Commercial Real Estate is Waking Up: Deals, Demand & What’s Next
After a summer hiatus, Cory Wright is back with Rod MacKay, Team Lead at William Wright’s Vancouver office, to break down what’s really happening in the commercial real estate market. Why did deal activity surge through the summer when it’s usually slow? Which asset classes are leading the rebound and which ones are still struggling to find their footing? And what do investors need to know heading into the final stretch of 2025? From pricing realities to pent-up demand, retail resilience to surprising signs of life in the office sector, this episode offers a candid, on-the-ground look at whe...
2025-09-24
22 min
Vancouver Commercial Real Estate Podcast
VCREP #169 | Tee Time & Turnkey Deals: Unlocking the Business of Golf Courses, with Marianne DeCotiis
Think golf courses are just for birdies and bogeys? Think again. In this episode, Marianne DeCotiis of William Wright Commercial joins Cory to unpack one of the most surprising sectors of commercial real estate: golf courses. From multi-million dollar land plays to resort-style development potential, Marianne shares why these sprawling green spaces are catching serious investor attention. What makes a course financially viable? Who’s buying them, and why? And how can a clubhouse become a revenue-generating machine even in the off-season? Whether you're a golfer, a developer, or just curious about this niche market, this episode is a ho...
2025-07-02
24 min
Vancouver Commercial Real Estate Podcast
REPOST: VCREP #70 | How to Buy and Sell a Business with Chris van Vliet
Disclaimer: This podcast was originally recorded and aired in September 2022People 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 ex...
2025-05-28
34 min
Vancouver Commercial Real Estate Podcast
VCREP #165 | Could a 1031 Exchange Fix Canada’s Real Estate Gridlock?
This week Cory Wright welcomes back Rod McKay our newly appointed Team Lead at William Wright’s Vancouver office, here for a deep dive into the concept of the 1031 exchange and its potential impact on Canada’s commercial real estate market.Together, Cory and Rod unpack how this U.S.-style tax deferral strategy could unlock stagnant inventory, encourage reinvestment, and even support small businesses by allowing capital gains to be deferred - not forgiven. They explore real-world scenarios where deals are falling through due to tax burdens and explain how a Canadian version of the 1031 exchange coul...
2025-05-14
33 min
Vancouver Commercial Real Estate Podcast
VCREP #164 | From Soil to Completion: Navigating the Development Process with Greg Mitchell
This week Cory Wright invites Greg Mitchell, Director at GDM Consulting Group Ltd., to explore what it takes to bring a real estate development from raw land to a completed project.With over 15 years of experience in urban planning, project management, and real estate development, Greg shares insights into the full development cycle, discusses developer-friendly regions, and outlines how design, strategy, and process intersect to create successful outcomes.As a Registered Professional Planner with deep Vancouver roots, Greg brings a rare mix of technical expertise and creative vision. Whether it’s navigating regulatory hurdles or fo...
2025-04-30
41 min
Vancouver Commercial Real Estate Podcast
VCREP #162 | Industrial Insights & Market Moves: A Conversation with Eric Aderneck
This week Cory Wright and Melissa Moretti interviewed industrial lands planning expert Eric Aderneck for an insightful discussion on the industrial real estate sector. From politics to tariffs, Eric provides a unique bird’s-eye view of what's shaping the industry today.Despite the uncertainties in the market, we unpack how end users are still making moves, with properties priced right selling quickly. Tune in for this engaging conversation on industrial real estate, market trends, and the latest news!
2025-04-09
33 min
Vancouver Commercial Real Estate Podcast
VCREP #159 | How to Lower Your Commercial Property Taxes with Vance Leschuk
This week Cory Wright is flying solo, but he’s bringing in a heavyweight guest to make up for it. Joining the show is Vance Leschuk, President of Add Vance Consulting, a leading expert in property tax appeals.Many commercial landlords assume property taxes are set in stone, but Vance breaks down how owners can challenge their assessments and potentially save thousands. In an economic climate filled with uncertainty with the tariff threats and shifting political landscapes. Understanding your options for reducing expenses is more critical than ever.This is an episode you can’t affor...
2025-03-05
38 min
Vancouver Commercial Real Estate Podcast
VCREP #157 | Interest Rates, Tariffs & Market Insights with Jon Switzer
This week, hosts Cory Wright and Adam Scalina welcome back fan-favorite guest Jon Switzer, Managing Partner at Impact Commercial, for another deep dive into the current commercial real estate lending landscape.Jon shares his insights on where interest rates are trending, the impact of the latest Bank of Canada rate cut, and what it means for investors. He also breaks down key market trends, the potential effects of capital gains tax changes, and the looming 25% Trump tariffs set to take effect.With commercial mortgage rates hitting two-year lows and key BC markets evolving rapidly, this...
2025-02-05
35 min
Vancouver Commercial Real Estate Podcast
VCREP #156 | How Does Seattle Compare to Vancouver’s Real Estate Market?
This week Cory Wright and co-host Adam Scalena sit down with industry experts Spencer Welton, Senior VP of Development at Grand Peaks, and Scott Glazebrook, Architect and Partner VP at Tiscareno to explore the changing landscape of Seattle’s real estate market. They dive into the evolving world of multifamily housing, urban planning, and the unique challenges faced by developers in the post-COVID era. With a spotlight on office-to-residential conversions, sustainable design practices, and the contrasting planning and rental markets between Seattle and Vancouver, this conversation provides key insights on how infrastructure investments and regulatory shifts are res...
2025-01-29
37 min
Vancouver Commercial Real Estate Podcast
VCREP #154 | 2025 Commercial Real Estate Outlook: Trends, Predictions, and Hot Markets
In this year-end episode of the Vancouver Commercial Real Estate Podcast, hosts Cory Wright and Adam Scalena dive into the 2025 commercial real estate landscape. They deliver an in-depth analysis of key asset classes—industrial, office, multifamily, and development land—sharing expert predictions and actionable insights.Reflecting on the lasting effects of the pandemic and other pivotal events, they explore emerging trends and highlight promising investment opportunities in markets like Nanaimo and Vancouver Island. They also tackle the challenges posed by current economic conditions and rising interest rates, offering strategies to navigate the year ahead.Don't miss...
2024-12-11
32 min
Vancouver Commercial Real Estate Podcast
VCREP #153 | Commercial Market Momentum Building into 2025 with Cory Wright
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...
2024-12-04
44 min
Vancouver Commercial Real Estate Podcast
VCREP #152 | 5 Secrets to Doubling Your Cash Position in Commercial Real Estate
This week, hosts Cory and Melissa dive deep into the strategies that can transform your commercial real estate investments. Building on the massive success of last year’s holiday-themed episode, they’re delivering the ultimate gift: a step-by-step guide to doubling your cash position in commercial real estate.Cory breaks down how to identify markets with robust population and industry growth, understand lease rates and vacancy trends, and why short-term leases and current market cap rates are essential for mitigating risk. Together, Cory and Melissa highlight top BC markets like Kelowna, Nanaimo, and Vernon, where these strategies are m...
2024-11-27
41 min
Vancouver Commercial Real Estate Podcast
VCREP #148 | Economic Reflections with Patrick Wood
In this episode of VCREP, Cory and Melissa welcome back Patrick Wood from William Wright's Victoria office. Known as William Wright’s unofficial in-house economist, Patrick brings his analytical prowess to the table, diving deep into the recent interest rate changes and what they mean for BC’s real estate landscape.Tune in as Patrick breaks down how these shifts could impact investment strategies, property values, and the overall market outlook for 2024, this episode offers valuable insights into navigating real estate in a fluctuating rate environment. Tune in!
2024-10-30
44 min
Vancouver Commercial Real Estate Podcast
VCREP #146 | Uncovering Okanagan’s Best Investment Secret with Shelby Kostyshen & Nick Renton
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!
2024-10-16
37 min
Vancouver Commercial Real Estate Podcast
VCREP #141 | Exploring the Okanagan Real Estate Market with Nick Renton
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...
2024-07-31
37 min
Vancouver Commercial Real Estate Podcast
VCREP #136 | Understanding Canada's New Cap Gains Rules with Ben Vella
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...
2024-06-05
28 min
Vancouver Commercial Real Estate Podcast
VCREP #135 | The Best Markets to Invest in Halfway Through 2024
This week, Cory and Adam take center stage to deliver an essential mid-year review of the hottest investment markets for 2024. With their finger on the pulse of commercial real estate, they dive deep into the data and trends, revealing the prime locations ripe with opportunity.In this episode, Cory and Adam break down the top-performing markets and emerging hotspots, offering expert analysis and actionable insights to help you make informed investment decisions. This episode is packed with valuable information on where to focus your efforts and capitalize on the shifting landscape.Don't miss this chance...
2024-05-22
41 min
Vancouver Commercial Real Estate Podcast
VCREP #128 | Maple Ridge's Commercial Real Estate Goldmine with Stathis Michael Savvis
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!
2024-03-20
34 min
Vancouver Commercial Real Estate Podcast
VCREP #127 | Is the Tri Cities the Next Best Investment Market with Nathan Armour
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...
2024-03-06
39 min
Vancouver Commercial Real Estate Podcast
REPOST: VCREP #27: How an EV Car Charging Station Could Influence Your Investment with Maxime Charron
*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 fe...
2024-01-31
58 min
Vancouver Commercial Real Estate Podcast
VCREP #122 | Avoiding the High Interest Rates with Meg Cooney
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!
2024-01-17
36 min
Vancouver Commercial Real Estate Podcast
VCREP #120 | 2023 Rewind: A Look Back at the Year That Was in Commercial Real Estate with Cory Wright
In this concluding episode of the year, host Matt takes the reins to interview Cory, offering a comprehensive summary of the year's journey through the dynamic world of commercial real estate.Together, they explore the transformative shifts within various asset classes, shedding light on how the commercial real estate landscape has evolved. From market events influencing discussions to the evolving topics on the show, Cory provides insights into the changing narratives and their impact.This episode is a reflective journey through the past year, encapsulating the essence of the evolving market and setting the stage...
2023-12-20
51 min
Vancouver Commercial Real Estate Podcast
VCREP #115 | VCREP's Best Investment Markets for 2024 with Rod MacKay
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!
2023-11-08
39 min
Vancouver Commercial Real Estate Podcast
VCREP #113 | Is Vernon the Next Kelowna? with Shelby Kostyshen
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 Ja...
2023-10-18
39 min
Vancouver Commercial Real Estate Podcast
VCREP #108 | How Do the Kelowna Fires Affect Your Commercial Investments, with Jeff Hancock
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...
2023-09-13
32 min
Vancouver Commercial Real Estate Podcast
VCREP #107 | Vancouver Island’s Best Development Markets with Santanna Portman
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...
2023-08-16
38 min
Vancouver Commercial Real Estate Podcast
VCREP #105 | Is the Office Market the Best Investment? With Meg Cooney
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...
2023-07-26
43 min
Vancouver Commercial Real Estate Podcast
VCREP #104 | BC's Hottest Real Estate Market & How to Supercharge your Investment Strategy with Cory Wright
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...
2023-07-12
1h 11
Vancouver Commercial Real Estate Podcast
VCREP #98 | BC's Best Kept Secret with Marianne DeCotiis
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 b...
2023-05-31
51 min
Vancouver Commercial Real Estate Podcast
VCREP #96 | Commercial Real Estate 2023 Report Card with Rod Mackay
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...
2023-05-10
47 min
Vancouver Commercial Real Estate Podcast
VCREP #93 | How To Return 100% On Your Investment In Commercial Real Estate
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 ep...
2023-04-19
36 min
Vancouver Commercial Real Estate Podcast
VCREP #87 | VCREP's #1 Commercial Investment Market for 2023 Explained with Connor Braid
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.
2023-03-01
31 min
Vancouver Commercial Real Estate Podcast
VCREP #86 | The Best Commercial Investment for 2023 with Thomas Wieckowski
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 i...
2023-02-22
49 min
Vancouver Commercial Real Estate Podcast
VCREP #82 | What's in Store for 2023 with Patrick Wood
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!
2023-01-25
39 min
Vancouver Commercial Real Estate Podcast
VCREP #81 | The 5 Best Commercial Investment Markets for 2023
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 pen...
2023-01-18
44 min
Vancouver Commercial Real Estate Podcast
VCREP #78 | The Most Exciting Real Estate News of 2022 with Jon Switzer
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 int...
2022-12-14
49 min
Vancouver Commercial Real Estate Podcast
VCREP #75 | Around the Province with Matt Everitt
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 sta...
2022-11-23
39 min
Vancouver Commercial Real Estate Podcast
VCREP #70 | How to Buy and Sell a Business with Chris van Vliet
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 smal...
2022-10-19
34 min
Vancouver Commercial Real Estate Podcast
VCREP #69 | Is Canada's Fastest Growing City the Best Investment in 2022 with Jeff Brown
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 esta...
2022-10-12
38 min
Vancouver Commercial Real Estate Podcast
VCREP #65 | Best Investment Opportunities in a High Interest Rate Market with Harry Jones
As interest rates continue to push upwards and with another increase upon us come September this one market has continued to see growth and increasing pricing. This week from the William Wright Commercial Victoria Office; Cory and Adam welcome Harry Jones to discuss the Greater Victoria market that just doesn't slow down regardless of market conditions.Harry walks us through all the asset classes and how they have performed over the past year and what is to come as interest rates continue to rise. Harry also gives us some insight and where he is investing his hard-earned money a...
2022-08-24
30 min
Vancouver Commercial Real Estate Podcast
VCREP #63 | How To Buy Commercial Real Estate with Your Life Insurance Policy… Whilst You’re Still Alive
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...
2022-08-10
35 min
Vancouver Commercial Real Estate Podcast
VCREP #56 | What's Really Happened in Canadian Commercial Real Estate in 2022, with Raymond Wong
Want to hear from a man who plausibly has more data on commercial real estate than anyone in Canada?In the studio this week Matt and Rod, (Cory didn't survive the William Wright Whistler weekend), welcome Raymond Wong of the Altus Group to look behind the numbers on what has happened across Canada in 2022. Raymond unpacks what asset classes are selling, what are not, and what is set to rebound. You might be surprised with his answers on what Canadian cities have outperformed their counterparts and what cities are set for a big 2022. Raymond debunks all...
2022-06-22
40 min
Vancouver Commercial Real Estate Podcast
VCREP #55 | The City of Vancouver's Biggest Decision Ever, with Meg Cooney, Seamus Bailey and Liam Simpson
As the new Broadway Skytrain line is now in full swing, the city's office market has started to rebound and the housing crisis continues to mount. the council members at the City of Vancouver now have to vote on what could be the biggest vote in Vancouver's history. This week Cory and Matt welcome Meg Cooney, Seamus Bailey and Liam Simpson from William Wright's Vancouver office to discuss the highlights, and the lowlights with the proposed Broadway plan. The team touches on areas that could have been more thought out with additional density and as well t...
2022-06-15
43 min
Vancouver Commercial Real Estate Podcast
VCREP #52 | The Food App Industry Exposed, with Amrit Maharaj
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...
2022-05-25
46 min
Vancouver Commercial Real Estate Podcast
VCREP #51 | How to Buy a Six Percent Industrial CAP Rate, with Bronwyn Scrivens
As interest rates rise, investors are on the lookout for higher cap rate properties but where can you find these assets?On the show this week Cory and Adam welcome Bronwyn Scrivens from Omada Commercial Real Estate in Edmonton, Alberta to discuss Alberta’s growing industrial market and how that compares to BC's unprecedented prices.Bronwyn shares how Alberta is receiving the halo effect from BC's tight vacancy rates and staggering acquisition costs and what tenants and developers are now looking into when it comes to Alberta vs BC. Cory and Adam's are left wide-eyed when...
2022-05-18
46 min
Vancouver Commercial Real Estate Podcast
VCREP #50 | Is the Fraser Valley Area the Best Real Estate Market in the Lower Mainland? With Jonathan Meads
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...
2022-05-11
49 min
Vancouver Commercial Real Estate Podcast
VCREP #49 | Victoria Unleashed with Mayor Lisa Helps
On a national and provincial level, one of the most exciting real estate markets has been Victoria. This week Cory and Adam welcome onto the show none other than Mayor of Victoria, Lisa Helps.Lisa unpacks how Victoria got to where it is today, the goals she has accomplished in the eight years as mayor and unveils what’s in store for BC’s capital city, including exciting areas to watch and highlights all the development happening throughout the downtown and surrounding areas. For two years in a row, Victoria has been our pick for best...
2022-05-04
35 min
Vancouver Commercial Real Estate Podcast
VCREP #48 | Rising Interest Rates & How they Will Impact Your Investments with Jon Switzer
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. ...
2022-04-27
44 min
Vancouver Commercial Real Estate Podcast
VCREP #47 | Vancouver Island's Development Market Uncovered with Mike Kozakowski
In an era where the most asset might be data, this week's guest has more behind the scenes data on the Greater Victoria development market than anyone else. This week Cory welcomes Mike Kozakowski, founder of Citified Media and citified.ca. A comprehensive resource for researching new-build homes and commercial spaces on Vancouver Island.Mike gives us a glimpse into the years and years of new construction data Citified has tracked in the Greater Victoria area and gives us his insight on the areas that are booming and what areas are about to boom. As well a...
2022-04-20
46 min
Vancouver Commercial Real Estate Podcast
VCREP #46 | How to Scale Commercial Real Estate with Sam Wilson
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’.
2022-04-13
42 min
Vancouver Commercial Real Estate Podcast
VCREP #45 | BC's Best Hidden Commercial Real Estate Market with David Algra
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 downt...
2022-04-06
38 min
Vancouver Commercial Real Estate Podcast
VCREP #44 | Is Nanaimo the New Victoria for Commercial Real Estate Part 2, with Mayor Leonard Krog
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...
2022-03-30
48 min
Vancouver Commercial Real Estate Podcast
VCREP #43 | Happy Spring Break
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!
2022-03-23
01 min
Vancouver Commercial Real Estate Podcast
VCREP #42 | Canada's Fastest Growing City with Jon Friesen
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...
2022-03-16
31 min
Vancouver Commercial Real Estate Podcast
VCREP #41 | Is Langford BC's New Big City? With Mayor Stewart Young
Recently named BC's most resilient economy by BC Business Magazine and being one of the province's fastest growing cities Langford could be BC's next big thing. This week Cory and Matt welcome Mayor Stewart Young of Langford to discuss all the amazing developments happening throughout the city, new major tenant announcements and so much more. Mayor Young tells us the story of how Langford landed Costco, followed by Home Depot and now Tesla Motors. The mayor’s vision for Langford has been decades in the making and has been thrust to the forefront the past few years with the in...
2022-03-09
48 min
Vancouver Commercial Real Estate Podcast
VCREP #40 | How To Buy A Office Building For Only $150,000 with Darcy Ulmer
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...
2022-03-02
54 min
Vancouver Commercial Real Estate Podcast
VCREP #39 | Is Nanaimo the New Victoria for Commercial Real Estate with Jacob Steiner
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...
2022-02-23
46 min
Vancouver Commercial Real Estate Podcast
VCREP #38 | How to Make Money Like a Real Estate Developer for only $5000 with Ravi Mann
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!
2022-02-16
53 min
Vancouver Commercial Real Estate Podcast
VCREP #37 | What's next for the Canadian Economy with Doug Porter
As Canada and the world continues to battle with Omicron, supply chains are challenged and the Bank of Canada surprisingly holds rates, what does all this mean for the rest of 2022 and the Canadian economy? This week Cory and Adam welcome Doug Porter Chief Economist and Managing Director, BMO Financial Group and with his 25 years of experience analyzing global economies he shares his thoughts on what is next for the economy, the Canadian real estate market, inflation and his prediction for interest rates. As inflation trends upwards and interest rates hover around historic low levels Doug provides BMO's outlook...
2022-02-09
47 min
Vancouver Commercial Real Estate Podcast
VCREP #36 | Investing in Multifamily 101 with Marianne DeCotiis
Ever wonder what commercial asset class has the lowest CAP rate but offer the most stable returns? This week Cory and Matt welcome Marianne DeCotiis, a multifamily specialist with William Wright Commercial's Fraser Valley office. Tune in as Marianne breaks down the multifamily asset class, sharing how its funded, how the leases are government regulated, and plenty more! Marianne also walks you through why demand for this asset class how been so consistent and how CAP rates have hit historical lows, yet demand continues to grow. Multifamily operates a lot differently than most commercial asset classes and Marianne unpacks...
2022-02-02
51 min
Vancouver Commercial Real Estate Podcast
VCREP #35 | Staying on the Right Side of Commercial Real Estate Law with Tim Lack
Over the past 20 months most industries have seen a lot of change and the law industry is no different when it comes to commercial real estate. This week Cory And Matt welcome Tim Lack of Redpoint Law to discuss the ever changing world of the legal side of commercial real estate. Tim shares his insight on how COVID has changed how commercial real estate is leased, sold and financed. If your looking to add to your portfolio, have space you need to find a tenant for, or looking to expand your business into another leased space this is an episode...
2022-01-26
45 min
Vancouver Commercial Real Estate Podcast
VCREP #34 | One Commercial Real Estate Cost that's Set to Skyrocket with Owen Lecky
Over the past 20 plus months we have all heard about supply chain issues, labor shortages, logistic challenges and this all has a direct impact on the construction of commercial and residential real estate in the province. This week Cory and Adam welcome Owen Lecky from Wales McLelland, an industry leader in commercial construction, to unwrap all the issues we have all been hearing about during the pandemic affecting our real estate market. Owen discusses supply costs skyrocketing, the challenges in finding sub trades, and why project timelines are being extended far beyond what anyone wants to see. He also...
2022-01-19
41 min
Vancouver Commercial Real Estate Podcast
VCREP #33 | Supercharging your Investment Portfolio with Alan Haigh
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...
2022-01-12
50 min
Vancouver Commercial Real Estate Podcast
VCREP #32 | Merry Christmas & Happy Holidays from VCREP
Wishing our listeners a Merry Christmas and a Happy New Year! Cory Wright William Wright Commercial
2021-12-22
02 min
Vancouver Commercial Real Estate Podcast
VCREP #31 | The Largest Real Estate Transaction in 2021 - $300,000,000 with Steve Jedreicich and Andy Tam at Keltic Canada Development.
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...
2021-12-15
49 min
Vancouver Commercial Real Estate Podcast
VCREP #30 | The Top 5 Real Estate Investment Markets in BC for 2022 with Rod Mackay
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...
2021-12-01
50 min
Vancouver Commercial Real Estate Podcast
VCREP #29 | Is your $500,000 condo really worth a million dollars with Meg Cooney
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 hav...
2021-11-24
38 min
Vancouver Commercial Real Estate Podcast
VCREP #28 | Why You Should Invest in Canada's Next Big City with Anita Huberman
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...
2021-11-17
43 min
Vancouver Commercial Real Estate Podcast
VCREP #27 | How an EV Car Charging Station Could Influence Your Investment with Maxime Charron
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...
2021-11-10
59 min
Vancouver Commercial Real Estate Podcast
VCREP #26 | What's Next for Downtown Vancouver with Nolan Marshall
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...
2021-11-02
51 min
Vancouver Commercial Real Estate Podcast
VCREP #25 | How to Finance Commercial Investment Properties with Matthew Dunnigan
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...
2021-10-27
48 min
Vancouver Commercial Real Estate Podcast
VCREP #24 | How to Become an Investorpreneur with Peter Leung
This week Cory and Adam are joined by the Investorpreneur himself Peter Leung who has amassed an international real estate portfolio in cities such as London, Vancouver and Hong Kong. Peter provides his insight on how investors can get started in commercial real estate, how commercial offers greater opportunities for investors that require funding than residential, his perspective on the Vancouver and BC marketplace, and he divulges a spectacular investment strategy. Peter shares his predictions on where the market is going in the coming years and what asset classes he is most interested in post COVID. This is an...
2021-10-20
59 min
Vancouver Commercial Real Estate Podcast
VCREP #23 | How Big Data Should Inform Your Biggest Investment Decisions with Raymond Wong
So many commercial real estate deals happen off the MLS. So, where do investors go for detailed market data and what can it tell us? Raymond Wong from Altus Group sits down with Cory & Matt to detail why Altus is a one stop shop when it comes to data and research in the world of commercial real estate across Canada. How does BC stack up against other commercial real estate markets across Canada? How have a number of the key BC commercial markets performed during Covid in relation to other markets? And what does the future look like across...
2021-10-13
52 min
Vancouver Commercial Real Estate Podcast
VCREP #22 | The Five BEST Real Estate Markets in BC in 2022 with BIV’s Frank O’Brien
If you have ever read an article about Commercial Real Estate in Vancouver, chances are you have read an article by Frank O'Brien. This week, Cory and Matt welcome senior writer Frank O'Brien, of Glacier Media (home of Business in Vancouver and Western Investor) to discuss some recently published articles on the booming Commercial Real Estate market in BC. Frank sheds some light on each asset class and where he sees the winners and losers in the post-COVID era. He also gives us a sneak peek at the upcoming Best in BC which is published each year...
2021-10-06
1h 02
Vancouver Commercial Real Estate Podcast
VCREP #21 | How to Buy Self Storage Properties for only $10,000 with Hugh Cartwright
Don't have the millions and millions of dollars needed to enter the self storage asset class in BC? Don't worry! This week, Adam and Cory welcome Nationwide Self Storage Trust co-founder and Chairman, Hugh Cartwright, whose company offers investment opportunities into their self storage developments for as little as $10,000. Our listeners have spoken and the boys have listened. After Partick Wood from WWC Victoria joined the guys for a previous episode, outlining the self storage asset class and how profitable the business model can be, VCREP was inundated with requests on how listeners can invest in the booming self...
2021-09-29
53 min
Vancouver Commercial Real Estate Podcast
VCREP #20 | Is Victoria the Next Vancouver Real Estate Market with Byron Chard
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 t...
2021-09-22
54 min
Vancouver Commercial Real Estate Podcast
VCREP #19 | North America's Best Market Just Keeps Getting Better with Mike Mackay
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...
2021-09-15
55 min
Vancouver Commercial Real Estate Podcast
VCREP #18 | Is the Retail Cannabis Business Riding HIGH? with Jeff Prete
The legalization of cannabis has sent shockwaves through the retail landscape with the prohibition of new retail opportunities for cannabis operators. This week Cory, and only Cory (you have to listen to the episode to find out why) is joined by Jeff Prete President of Jima Cannabis as they unpack the impact the cannabis business has had on retail in Vancouver and throughout the province. Ever wonder how long it takes to get a store open, how much capital you need, and are the stores even that profitable? The answer Jeff gives might surprise you. Grab a bag of chi...
2021-09-08
1h 09
Vancouver Commercial Real Estate Podcast
VCREP #17 | The Best Real Estate Market in BC with Jeff Brown
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 h...
2021-09-01
54 min
Vancouver Commercial Real Estate Podcast
VCREP #16 | Is Kamloops BC's Next Big Real Estate Market to Invest In with Bryan Pilbeam
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.
2021-08-25
51 min
Vancouver Commercial Real Estate Podcast
VCREP #15 | How to Buy Commercial Real Estate with 0% Down with Jon Switzer
Are you a successful business owner? Or maybe a business owner who has been able to provide a living for your family but hasn't yet found financial freedom through your business? This week, Cory and Matt welcome Jon Switzer, an owner occupier financial specialist, who shows business owners how to unlock their revenues enabling them to become their own landlord and in some cases with as little as 0% down including closing costs. Most businesses in Canada are small businesses, 50 employees or less, and you would be surprised to hear how a lot of these businesses have the fina...
2021-08-18
47 min
Vancouver Commercial Real Estate Podcast
VCREP #14 | Developing From the Ground Up with Jordan MacDonald
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. ...
2021-08-11
1h 02
Vancouver Commercial Real Estate Podcast
VCREP #13 | The Evaluation of the Office Space with Drew Ratcliffe
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.
2021-08-04
40 min
Vancouver Commercial Real Estate Podcast
VCREP #12 | The Future of the Restaurant Business with Glowbal Group CEO Emad Yacoub
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...
2021-07-28
35 min
Vancouver Commercial Real Estate Podcast
VCREP #11 | The Fastest Growing Commercial Asset Class in Canada? with Pat Wood
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...
2021-07-21
50 min
Vancouver Commercial Real Estate Podcast
VCREP #10 | How to Buy Commercial Real Estate for Only $1 with Mitch Jarvi
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...
2021-07-14
55 min
Vancouver Commercial Real Estate Podcast
VCREP #9 | The Best Commercial Real Estate Investment in North America with Connor Braid
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...
2021-07-07
33 min
Vancouver Commercial Real Estate Podcast
VCREP #8 | How to Buy the Perfect Investment Property with Thomas Wieckowski from Campbell and Pound Commercial Appraisers
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!
2021-06-30
52 min
Vancouver Commercial Real Estate Podcast
VCREP #7 | Commercial Real Estate's Top Tax Tips with John Juranyi
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.
2021-06-23
48 min
Vancouver Commercial Real Estate Podcast
VCREP #6 | Will Rising Insurance Costs Kill Your Portfolio? With Derek McCoy
The world of insurance has faced unprecedented challenges over the last few years, with the result being expensive premium & deductible hikes that have the potential to destroy your bottom line. Chief Operating Officer of Real Estate Owners and Managers Insurance Agency, Derek McCoy, sits down with Cory to break down the causes, concerns, and costs of insuring commercial real estate today in BC. What do you need to know before you buy? How can you mitigate against the risks of rising costs? And what are the key factors to watch for in the years to come? Notebooks out!
2021-06-16
45 min
Vancouver Commercial Real Estate Podcast
VCREP #5 | How to Increase your Property’s Value Without Lifting a Finger with Warren Smithies
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 e...
2021-06-09
52 min
Vancouver Commercial Real Estate Podcast
VCREP #4 | The Dirtiest Job in Commercial Real Estate that will Save You Thousands with Shane Rigter
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.
2021-06-02
55 min
Vancouver Commercial Real Estate Podcast
VCREP #3 | Bulletproof Leasing for Financial Success with Scott McInnes
Ever wonder how tenants and landlords coincide for 5, 10, or sometimes even 20 years together? Cory welcomes Scott McInnes founder of McInnes Law Group breaking down what a commercial lease is, how it applies to commercial real estate and how it differs from residential leases. Scott walks you through what you need to know whether you are looking to become a landlord, a tenant looking to open your first business and how COVID 19 has impacted commercial leases forever plus our best MLG 6-pack yet.........Mobb Deep anyone? If you have ever thought of investing in commercial real estate this is a mus...
2021-05-26
1h 00
Vancouver Commercial Real Estate Podcast
VCREP #2 | Financing Commercial Real Estate 101
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.
2021-05-19
42 min
Vancouver Commercial Real Estate Podcast
VCREP #1 | Commercial Real Estate for Dummies
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 ...
2021-05-12
52 min