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Ever wanted to buy commercial real estate but never felt like 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 its members by acquiring shares in various commercial real estate properties for as little as $1 and up to a maximum of $1,500 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’re after. This new crowdsourcing approach makes commercial real estate affordable for anyone looking to enter the marketplace.
Please tell us about yourself.
I am a seasoned vet in commercial sales. I created a website out of high school that celebrated owners of the Harley Davidson F 150 pickup truck, which led to a job in Ford Motors as a consultant in digital marketing. I then moved into the travel world and stayed there for 10 years. I realized if you’re not doing what you love, you’re not enjoying life. I learned things about community, opportunities certain people have and others don’t, and the privilege of home ownership. I then found a way into commercial real estate that is near and dear to my heart and helps to give opportunities to the average investor.
Do you see yourself as a real estate guy or technology disruptor guy?
I’d say I’m a real estate guy. My skills have pivoted quite well into the commercial real estate game. But I’m not a real estate guy by trade. Some of the biggest disruptors we’ve seen, like Uber or Square, weren’t professionals in driving or banking. They were individuals who saw a void they were able to fill.
We’re a bunch of geeks here at Addy and see a need for democratizing real estate and using software to help that occur.
What is Addy?
Our mission is to enable every human to be a homeowner. That means a lot of different things to different people. It’s a provocative mission, and it’s supposed to be.
We provide opportunities for those who have never had it to invest in real estate across Canada for as little as $1 and up to $1500. If you look at a REIT, you can compare that to an album. You pay $14 for 5-6 good songs and 10 you don’t like. Then iTunes came along and allowed you to spend that $14 on songs you like, so you could be a better consumer. Addy lets you create your ultimate real estate playlist.
How do you go about educating people with no real estate experience?
It’s a tough balance between providing education without providing advice. We want to give people information to make an educated decision without telling people what investment they should make.
The types of deals we’re offering are typically only for the wealthy. They happen off-market, without average investors knowing about them and there’s massive amounts of risk. So we’re trying to put in another avenue of capital that comes from the retail space.
Every property we bring onto the platform has gone through a rigorous due diligence process. Did it come from a trusted source? We want the people who don’t need Addy capital, but are willing to slice out another LP (limited partnership) unit for us to help enable and empower the crowd. Does the story of the seller add up? We need to know why there is a need for this capital. We have to ask what value does a crowd investing platform bring to this opportunity.
For example, Addy allows 1000 people from Chilliwack to help to build and densify a purpose-built rental building in their community as investors, instead of being CAVE (citizens against virtually everything) people who don’t want density in their backyard.
If you’re a part owner of an RV resort, where do you think you’re going to go camping? Addy drives business and this sense of pride and ownership. This was very evident in the first purpose-built lease out for Starbucks we launched in Chilliwack last year. We had over 600 Canadians invest in that property and 100 of them were from Chilliwack. It’s beautiful and exciting to see the societal change that occurs when you allow 100 people to invest in their own community. The financial education we’re building is another off-shoot of these deals. And when those 100 residents need a coffee, where are they going?
Are you selling shares? What exactly are people buying?
For the very first property we did, we owned the property outright to see if random Canadians would purchase a property with strangers online. And the answer was yes. But we learned we don’t want to be the general partner because it’s too time consuming and you have to deal with a lot of the upkeep. We decided we want to be the limited partner.
We set up a corporation for every investment and that corporation acquires the limited partnership. We then sell shares into that corporation for $1 each. We’re able to do all of this through the technology and software we’ve built, which makes these investments more attainable. We’re buying small LP units across Canada and allowing thousands of Canaidans to invest into what would typically be taken by credit investors or institutions.
The key is finding opportunities that would typically only be available to institutions, and providing those to the crowd.
How do you find the opportunities?
As we start to get more momentum, the deals are starting to come to us. People are realizing that getting Addy capital has more power than other capital. There’s a vetting process where a general partner can’t talk to us unless a general partner we’ve already worked with vouches for them. We then do our due diligence with them and their specific deal. It’s really starting to develop on its own and they’re managing themselves.
What is the process of getting involved?
We’re not trying to sell out these issuances quickly to 20 different people. We’re trying to give access to as many Canadians as possible, which is why we have that $1500 cap per property.
Let’s look at 1 West Avenue in Hamilton, Ontario – it’s a beautiful, mixed-use retail office space in downtown Hamilton. Our capital is locked in for four years and we have an estimated IRR (internal rate of return) of 20.9% based on the building having finished its renovations and being fully tenanted. All of that information is available for Addy members when the project launches. You can look at building reports and anything that was used in the acquisition stage of the project. You also receive an offering memorandum to see what you’re buying into, all the risks involved, the flow of funds, and anything associated with the market.
How do investors exit?
Each offering memorandum will outline the exit strategy. Each one is different – some are on a refinance and some are on a sale. Some are longer term with quarterly distributions from rentals until the building is sold in 5-10 years. That’s why we have returns between 3 and 20% because it depends on the risk level and asset type.
Can you invest through your TFSA, RRSP or hold co?
At this time, we haven’t been provided certainty that our transactions would be eligible for tax shelter in a registered fund. So at this time the answer is no. But it is on our road map to make that attainable.
How often are opportunities offered on Addy?
In the first six months of 2021 we launched three properties. And in the last 35 days, we launched another three. So we’re really ramping up. Our membership base can consume, on average, $30,000 per hour. The last two properties sold out in eight hours and 12 hours, respectively. So we need to be quicker to get properties up; our goal is to do 2-3 per month for the remainder of the year.
Are you firm on properties before going to the investors?
I’m currently going to market with those that are looking for capital raises with two types of products: 1) A guaranteed funding product. This is a project that is past the due diligence phase that we fund and then reimburse the funds on the platform once it’s live on the market. 2) Products where the general partners who want to help empower Canadians give us a cap instead of a detailed number for funding.
What is the financial capacity of Addy? Are there desired areas that you focus on?
We currently specialize in the $5-50 million deal size. They’re out of reach for accredited investors and not big enough for large institutional funding. That’s our sweet spot. But we don’t want to have the largest LP; we want to be 5-10% of the total value, maybe even less. We don’t want to go in as the majority stakeholder.
The areas we focus on are driven by membership. People are asking for more Vancouver and Toronto projects, because those markets are so poorly equipped to support young potential homeowners. There’s also a perception that those markets create the greatest returns based on property values. But it’s actually smaller markets where we’re finding the better opportunities – like Kimberley, Mission, Hamilton, Calgary and the RV parks.
We don’t tell members which deal is better. It’s up to them to decide what fits their investment profile. We’re not here to get rich quick. We’re about getting rich slowly, building your investments, learning about your exit and getting your distributions. When you get those distributions, you can take them or reinvest.
Is the primary goal to find the best opportunities or put as many different opportunities out there for members?
I think it comes down to learning what we can from every deal and applying that to the next opportunity. The opportunities are endless; there are lots of places we haven’t done deals in yet.
How do you become a member? What does membership entail? And how does Addy make money?
We want to make sure you’re not losing money just for the sake of making an investment. Your membership gives you access to deals you couldn’t have otherwise. You can become an Addy user with just your name and email to look at investments and see past opportunities. When you’re ready to invest, you can purchase a $25 annual membership. That gives you access to every project we put on the platform and you can invest $1-1500 per property.
We make money through membership fees. Our goal is to hit 50,000 members this year and that is our revenue stream at the moment.
What is your advice to someone getting into commercial real estate?
Invest in what you use, love and know.
Find out more: www.addyinvest.com
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Paul Sullivan, property tax expert from Ryan ULC, unpacks some 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?
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Thomas Wieckowski, Associate Appraiser of Campbell & Pound, discusses 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 2+ years and gives his thoughts on what makes a good opportunity.
Who better to hear from on how 2023 is shaping up than an appraiser who sees all the deals and numbers? Commercial appraiser Ryan Wong from Ryan LLC 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?
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Phones are already ringing for properties and sellers are receiving offers—in some cases multiple... So what does it all mean? Patrick Wood from WWC’s Victoria office tells us how to interpret this quick start to 2023, what his picks are for best investment markets, and what he anticipates all these numbers reveal about interest rates and inflation.
Rod MacKay from William Wright Commercial shares the 5 best commercial investment markets for 2023. 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.
As 2023 is now in full swing and the real estate markets are off to a rocky start, Alan Haigh of Impact Commercial sheds some light on where interest rates are going, when they might pull back, and how to take advantage of this market turbulence to find a deal.
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!
Jon Switzer of Impact Commercial shares that the 10-year bond numbers were falling, which predicts (fingers crossed) that fixed rates will follow. Jon shares his prediction on interest rates for 2023 and when he sees rates pulling off and declining. If you have a mortgage, this is an episode you must take in.
Everyone's always looking for the next asset class to buy, and we know what it is for 2023. Adam Mitchell of Low Tide Properties discusses Lab 29 and what could be the most sought-after asset in Vancouver: industrial lab space. He also shares why Low Tide continues to invest in this sub-asset class and why it's in such high demand.
Daniel Eagling from Cairn Homes in Ireland discusses 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 the tightening of the rental market heading into 2023.
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? Matt discusses why the time is now for investors to jump into these areas.
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, discusses his latest office projects, along with the success of those projects and everything Chard has on the books for 2023 and beyond.
Brad Howard, Director of Development at PCI Developments, discusses the Lower Mainland's second downtown in Surrey and talks about PCI Developments' exciting and recently completed project, the King George Hub. Brad unpacks the success of the project, why it is desperately needed in Surrey, and the rapidly growing downtown district in Surrey Central.
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 discusses this all-important deadline for BC landowners, unpacking 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.
How are the current economic challenges affecting the development industry? Jordan MacDonald, CEO of fabric living, opens up about the challenges the industry has faced with rising inflation and interest rates, how fabric has navigated the current economy, and how he and his team have continued to grow and acquire assets during this time.
Did you know that business sales and acquisitions fall under the commercial real estate umbrella? Chris van Vliet from WWC's Fraser Valley office breaks down how you buy or sell a small business. He talks us through the timelines, the conditions, and some things you need to be cautious of when navigating through the process.
William Wright Kelowna's Team Leader Jeff Brown discusses whether or not Kelowna has felt any slow down like most markets have experienced. He also shares 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.
Frank O'Brien shares Western Investor's top cities for commercial real estate in 2023. This year's list has a few VCREP favourites plus a couple surprises, not to mention the #1 spot isn't even in BC! Frank also shares his opinion on David Eby's new housing plan and how it could be opening an even bigger opportunity for speculators.
Impact Commercial's Co-founder and Managing Partner Alan Haigh unpacks what has happened over the past couple of months in both Canada and the US, how the bond market could predict what will happen to interest rates, and when this madness will end.
As the world continues to cope with rising inflation and interest rates, international commercial real estate investor Peter Leung tells us how his portfolio is (or isn’t) affected and what markets have bounced back quicker than others. Peter also discusses what BC markets he likes and where he is looking to grow his holdings.
As interest rates continue to push upwards, Harry Jones of William Wright Commercial Victoria discusses the Greater Victoria market that just doesn't slow down regardless of market conditions, and walks 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.
Ever wonder why or even how your property taxes go up every year? Clayton Olson of Altus Group discusses the metrics behind your commercial property taxes. He walks through how these costs are calculated, why they increase, and what you can do if you disagree with your tax amount.
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Mayor Ed Mayne discusses 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, led by a proactive mayor who has the experience to guide the community into 2022 and beyond.
If you were shocked by the Bank of Canada's 1% increase to interest rates this past week, you're not alone. Cory and Matt discuss the potential impact on commercial real estate... if any all. How does this affect your loan-to-value ratio when looking to acquire real estate? And what's next for the commercial real estate market in the province?
Which commercial market has the whole country talking? Lori Suba and Laurae Spindler of Scout Real Estate in Calgary unpacks the rollercoaster of action the Prairies are experiencing in the commercial market. You might be surprised to hear there's now overwhelming demand for one asset class in particular, which has seen growth in numbers similar to that of BC!
Jeff Kennedy of Troika Developments, one of Kelowna's most well-known builders, discusses the challenges in the development industry due to supply chain issues and inflation. He also gives 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.
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The ongoing debate on Vancouver Island right now is Victoria or Nanaimo? Robin Kelley of the Groupe Denux, one of Vancouver Island’s long-standing families of real estate, provides insight on both markets and how each market has fared over the years, and unpacks which asset classes he thinks will continue to grow.
Rod MacKay of WWC’s Vancouver office discusses the most unpredictable year we’ve 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.
Ever find a great restaurant on your favourite food app, but then realize they don’t have a brick and mortar location you can enjoy? Amrit Maharaj, Chief Operating Officer of Coho Collective, breaks down what a ghost kitchen is, why restaurants are getting in on the action, and how they have capitalized on the food app boom.
Bronwyn Scrivens from Omada Commercial Real Estate in Edmonton discusses Alberta’s growing industrial market. She 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.
One of the biggest secrets in commercial real estate is spotting the trends and staying ahead of them. Jonathan Meads, Vice President of StreetSide Developments, discusses the booming Fraser Valley markets and unpacks why StreetSide keeps their focus primarily on this area.
On a national and provincial level, one of the most exciting real estate markets has been Victoria. Mayor of Victoria, Lisa Helps, unpacks how Victoria got to where it is today, the goals she has accomplished in her eight years as mayor, and unveils what’s in store for BC’s capital city.
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Mike Kozakowski, founder of Citified Media and citified.ca, a comprehensive resource for researching new-build homes and commercial spaces on Vancouver Island, gives a glimpse into the years and years of new construction data Citified has tracked in the Greater Victoria area.
Sam Wilson, renowned host of the hugely popular podcast, How to Scale Commercial Real Estate, uncovers his roots in commercial investing, shares some mistakes he has made along the way, and talks us through what a good deal looks like to him.
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 have guessed Chilliwack? David Algra of Algra Bros. Developments discusses their current downtown Chilliwack project, District 1881.
Leonard Krog, Mayor of Nanaimo, shares 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.
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!
Named Canada’s fastest growing city with a 14% increase in population since 2016, Jon Friesen, CEO of the Mission Group, the company behind some of Kelowna’s spectacular tower developments, discusses why Kelowna has seen such a massive growth over the past 5 years and what the future looks like.
Recently named BC’s most resilient economy by BC Business Magazine, Langford could be BC’s next big thing. Mayor Stewart Young discusses the amazing developments happening throughout the city and story of how Langford landed Costco, followed by Home Depot, and now Tesla Motors.
Ever wonder if you could buy an office building or a retail shopping mall for only $150,000? Darcy Ulmer, Co-founder and Partner at Stream Property Partners, shares how everyday investors can invest in some big commercial real estate assets for a fraction of the purchase price.
Have you ever wanted to make the money real estate developers do? Ravi Mann of PROPetual REIT and the Isle of Mann Property Group discusses the exciting new investment opportunities that can get anyone through the real estate investment door for as little as $5,000.
Have you ever wanted to make the money real estate developers do? Ravi Mann of PROPetual REIT and the Isle of Mann Property Group discusses the exciting new investment opportunities that can get anyone through the real estate investment door for as little as $5,000.
As Canada and the world continues to battle with Omicron, supply chains are challenged and the Bank of Canada surprisingly holds rates. Doug Porter, Chief Economist & Managing Director of BMO Financial Group, shares his thoughts on what’s next for the economy and his prediction for interest rates.
Ever wonder which commercial asset class has the lowest cap rate but offers the most stable returns? Marianne DeCotiis, a multifamily specialist with WWC, breaks down the multifamily asset class, sharing how it’s funded, how the leases are government regulated, and plenty more!
Over the past 20 months, most industries have seen a lot of change and the law industry is no different. Tim Lack of Redpoint Law discusses the ever-changing world of the legal side of commercial real estate and shares insight on how the pandemic has changed how commercial real estate is leased, sold, and financed.
Over the past 20+ months, we have heard about supply chain issues, labour shortages, and logistical challenges, and this all has a direct impact on the construction of real estate in the province. Owen Lecky of Wales McLelland unwraps the issues that have been affecting our real estate market.
Do you own a property with lots of equity that has built up over the years? Alan Haigh of Impact Commercial Group, one of BC’s leaders in commercial mortgages, explains how to tap into that equity and turn one property into a thriving commercial portfolio without having to sell your asset.
Wishing our listeners a Merry Christmas and a Happy New Year!
From Keltic Development Canada, Steve Jedreicich, Senior VP of Development, and Andy Tam, Senior VP of Business Development, 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!
This past year has bolstered some amazing results for those who invested in commercial real estate, and this week we’re going to give you the VCREP Top 5 Markets for 2022! Rod MacKay from WWC’s Vancouver office joins Cory to discuss which markets will be ones to watch heading into the new year.
Do you own a condo in a rapidly developing area where the land might be better suited for an incoming high-rise? Meg Cooney, strata wind-up specialist, discusses what a strata wind-up is, how your condo might be worth way more than you think to a developer, and how to use this strategy on your next real estate investment.
Ever wonder what makes Surrey so attractive for both businesses and families? Anita Huberman, CEO of the Surrey Board of Trade, discusses Canada’s next big major city, breaks down the economic drivers behind the massive growth, and shares what makes it attractive for so many developers.
Maxime Charron, President of LeadingAhead Energy, an industry-leading electric car charging solution provider, 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.
It’s no secret downtown Vancouver has been slower than its pre-COVID form, but is it as bad as other cities? Nolan Marshall, CEO of the Downtown Vancouver Business Improvement Association (DVBIA), discusses what’s next for downtown Vancouver and how things have fared over the pandemic.
Did you find the perfect commercial property to invest in, but you’re not sure where or how to start? Matthew Dunnigan, commercial mortgage specialist from Impact Commercial Group, breaks down all the steps needed to acquire that commercial investment property you’ve always wanted.
Peter Leung, the Investorpreneur himself, who has amassed an international real estate portfolio in London, Vancouver, and Hong Kong, provides his insight on how to get started in commercial real estate and how commercial offers greater opportunities for investors who require funding.
So many commercial real estate deals happen off the MLS, so where do investors go for market data? Raymond Wong, Vice President, Data Operations of Altus Group, details why Altus is a one-stop shop when it comes to data and research in the world of commercial real estate across Canada.
Senior writer Frank O’Brien of Glacier Media, home of Business in Vancouver and Western Investor, shares where he sees the winners and losers in the post-COVID era. He also gives a sneak peek at the upcoming Best in BC, where he and his team predict the 5 best real estate markets in 2022.
Don’t have the millions of dollars needed to enter self storage in BC? Don’t worry! Hugh Cartwright, Co-founder and Chairman of NationWide Self Storage Trust, breaks down the investment opportunities their self storage developments offer for as little as $10,000.
They say hindsight is 20/20 and looking back at the Vancouver real estate market, it’s fair to say we all wish we would have bought more. Chard Development’s President and CEO Byron Chard talks about the booming Victoria real estate market and his thoughts on where the Victoria market is headed.
Strand Development’s President Mike Mackay discusses everything Langford, BC. With the recent acquisition of the former Langford Speedway, which encompasses over 80 acres of prime development land, the excitement of the Greater Vancouver Island industrial market just keeps growing.
Jeff Prete, President of Jima Cannabis, unpacks 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 if the stores are even that profitable? The answer Jeff gives might surprise you.
Is there a real estate market that has attracted more hype during the pandemic than Kelowna? Jeff Brown, Team Leader of WWC’s Kelowna office, discusses the readily growing Kelowna real estate market, what, if any, impact the BC wildfires have had, and how Kelowna can top the recent growth into fall and beyond.
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. Bryan Pilbeam, Vice President of Invictus Properties, discusses everything Kamloops and more.
Impact Commercial’s Jon Switzer, owner occupier financial specialist, 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. Jon highlights the do’s and don’ts when purchasing real estate for your business.
Have you ever wondered how a property goes from an old house into a new multi-level condo building? From the years of approval and planning that takes place to the “not so big” profit margins developers work off of, Jordan MacDonald, CEO of Fabric Living, gives a first hand look at the development process in Vancouver.
Over the past year and a half, the world has seen many changes… but is the office space one of them? Drew Ratcliffe of And-Co, a new all-in-one, multi-level, office community, complete with a wellness studio, restaurant, and event space, shares his vision of what he feels the future of office space in Vancouver will look like.
There is no question the hospitality sector has been hit the hardest by the pandemic. Glowbal Group CEO Emad Yacoub, one of Vancouver’s most prominent restaurateurs, discusses the challenges the industry has had to overcome to survive and what the future of the business looks like.
Ever wonder about that 5′ x 5′ self storage unit that you rented for $110/month to store all that crap you never use? Pat Wood, formerly one of the authorities, if not THE authority, in self storage appraisals and consulting, discusses why this asset class has seen a huge run in the past couple of years.
Ever wanted to buy commercial real estate, but never felt you had the financial ability to do so? Mitch Jarvi from Addy, a crowdsourcing investment platform, walks through the new opportunities Addy offers to its members by acquiring shares in various commercial real estate properties for as little as $1.
What asset class has the lowest vacancy rate in North America, surging demand from tenants, and seems to be annually increasing lease rates? Connor Braid, Managing Broker of William Wright Commercial’s Victoria office, discusses the industrial asset class in Greater Victoria.
Ever wonder how an appraiser or bank views your purchase? Thomas Wieckowski from Campbell & Pound breaks down the appraisal process, how to value risk, and how a bank views your property. Thomas sheds some great insight for your next commercial purchase and what to consider during the offer process.
What tax benefits does commercial real estate offer? Want to buy a commercial property and avoid paying property transfer tax? John Juranyi from Davidson & Company Accountants discusses tax tips and the benefits of owning commercial real estate.
The world of insurance has faced unprecedented challenges, with the result being expensive premiums and deductible hikes. Derek McCoy, COO of Real Estate Owners and Managers Insurance Group, discusses the causes, concerns, and costs of insuring commercial real estate today in BC.
Are you looking to buy commercial real estate, but have no idea how to take care of the property? Warren Smithies, CEO of Martello Group, walks you through the benefits of having a professional management company oversee and manage your property, which leads to increased value for owners without having to lift a finger.
Who has the dirtiest job in commercial real estate? Shane Rigter of Next Environmental, a leader in environmental testing in the commercial real estate industry, discusses how the dirt below your feet can affect you buying the building above the surface.
Ever wonder how tenants and landlords coincide for 5, 10, or sometimes even 20 years together? Scott McInnes, founder of McInnes Law Group, breaks down what a commercial lease is, how it applies to commercial real estate, and how it differs from residential leases.
Ever thought about buying commercial estate and thought it was impossible to qualify for financing? Put away the notepad and calculator as Alan Haigh, co-founder and managing partner of Impact Commercial, breaks down how to buy and invest in commercial real estate.
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. 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.
For all the curious minds interested in commercial real estate investing, grab a coffee and pull up a chair because we have exclusive stories and tips from commercial real estate brokers, investors, developers, economists, urban planners, and everyone in-between. From the successes and failures to the motivations and lessons learned, the Vancouver Commercial Real Estate Podcast is your insight into commercial real estate in Vancouver, Victoria, Kelowna, and beyond.
What's the best real estate market to invest in? What are the commercial real estate asset classes and property types? Hosted by Cory Wright, founder of William Wright Commercial, and co-hosts Adam and Matt Scalena of the Vancouver Real Estate Podcast, our podcast opens the door to real estate investing for everyone from beginner investors to experienced real estate professionals. New episodes are released every Tuesday. Follow the Vancouver Commercial Real Estate Podcast on Apple Podcasts, Spotify, Google Podcasts, or your favourite streaming platforms.
This communication is not intended to cause or induce breach of an existing agency agreement. E&OE: All information contained herein is from sources deemed reliable, and have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
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