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And we're back! To kick-off 2025, we’re joined by Santanna Portman, Senior Commercial Broker at William Wright Commercial’s Central Island office, to dive into the exciting investment opportunities emerging in Nanaimo for 2025.
With its booming population, forward-thinking local government, and affordable market compared to Vancouver, Nanaimo is quickly becoming a hotspot for real estate investment. Santanna unpacks the key political and economic factors shaping the market, including potential tariffs and upcoming elections.
Tune in as we explore Nanaimo’s growing appeal, the area’s untapped development potential, and why both local and out-of-province investors are increasingly turning their attention to this dynamic market.
Guest Information
Santanna Portman is a Commercial Real Estate Broker at William Wright Commercial’s Central Island office. Santanna began her real estate career in 2011 in Saskatchewan while attending the University of Regina. While involved in commercial real estate in Saskatoon and Regina, Santanna mainly focused on office and retail leasing and sales. In 2018, her career led her to Winnipeg where she was involved leading the acquisitions and brokerage relations of an investment firm involved in tokenization of properties linked to a cryptocurrency on the exchange. Further interest in development led Santanna to British Columbia where she allied with a large apartment developer leading their commercial property and land acquisitions throughout Canada in addition to working with close clients privately on business and real estate acquisition proposals. In 2022, Santanna connected with a partner to work on a mixed-use development property in the Parksville area along the French Creek marina and reinstated her commercial real estate license to properly service her clients looking to purchase/lease property in British Columbia. Santanna is primarily focused on investment property and development land acquisitions/dispositions but can help clients with commercial real estate needs in all asset classes throughout the province.
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Raffael Merola, Principal at Merola Construction, breaks down the realities behind restaurant and retail build-outs. From permitting pitfalls to HVAC nightmares, Raf shares hard-earned advice that could save months of delays and tens of thousands of dollars. If you’re thinking of opening a restaurant, or representing someone who is, this episode is essential listening.
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Rod MacKay, the newly appointed Team Lead at WWC’s Vancouver office, joins us for a deep dive into the concept of the 1031 exchange and its potential impact on Canada’s commercial real estate market. 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.
Greg Mitchell, Director at GDM Consulting Group, explores what it takes to bring a real estate development from raw land to a completed project. Greg shares insights into the full development cycle, discusses developer-friendly regions, and outlines how design, strategy, and process intersect to create successful outcomes.
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Doug O’Dwyer from Axis Insurance clears up the confusion and shed light on some of the most common misconceptions surrounding commercial property insurance, explain why costs fluctuate, and offer insights into the factors that influence your policy requirements. If you’ve ever felt unsure about what you need or why, this conversation is for you!
The long lost missing recording of Doug Porter, Chief Economist of BMO Canada, unwrapping the 2025 Outlook - recapped by Rod MacKay. What does 2025 hold for political outcome, political uncertainty, interest rates, and potentially the real estate market? Tune in and find out!
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Kane Willmott, CEO and Co-Founder of iQ Offices, Canada's leader in coworking and serviced office solutions, shares his expert insights on how the coworking landscape has evolved, the significant shifts before and after the pandemic, and where the industry is headed. This episode offers a deep dive into the future of flexible workspaces across Canada.
Peter Leung, Investorpreneur, dives into the latest interest rate trends and how they impact the commercial real estate market. Peter shares his insights on why now is the time to invest in commercial properties, which markets are catching his eye, and where he sees the most potential for growth.
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Nick Renton, Commercial Real Estate Broker at William Wright Commercial, shares 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 leverages his extensive background to uncover real estate opportunities across the Okanagan and BC.
Stephen Jagger, Co-Founder of addy, began his entrepreneurial journey with Combustion Hosting and continued with Ubertor Realtor Software, OutsourcingThingsDone.com, PayrollHero, and Instant Messaging Real Estate Corp. Stephen shares his insights on revolutionizing the real estate industry to make homeownership accessible to everyone through addy.
Rocky Sethi, Managing Director of Stryke Group, unpacks the groundbreaking project near Penticton Regional Hospital, the Innovation District. Rocky reveals the ambitious vision for a master-planned, mixed-use community featuring up to 1,500 homes and over 100,000 square feet of retail, office space, and other commercial uses.
Jon Switzer of Impact Commercial dives into the recently announced interest rate changes, discussing what these shifts could mean for the commercial real estate market and sharing his expert predictions on future interest rate trends. Don't miss this insightful episode packed with valuable information for investors and real estate enthusiasts alike.
Scott McInnes, Partner and Lawyer at Redpoint Law, unpacks the crucial elements of estoppels and shareholder agreements, emphasizing the significance of precise contract wording. With his extensive legal expertise, Scott offers invaluable insights into why every detail matters in contract formulation and execution.
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Cory and Adam take center stage to deliver an essential mid-year review of the hottest investment markets for 2024, revealing the prime locations ripe with opportunity. 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.
Recently recognized as one of Business in Vancouver’s Forty Under 40, Brad Jones, Senior Vice President of Development at Wesgroup, unpacks the critical topics of Development Cost Charges (DCCs) and Community Amenity Contributions (CACs). With a focus on affordability and sustainability, he explores the challenges and opportunities facing future developments.
With a passion for simplifying real estate development through innovative technology, Geoff Krahn, Founder and CEO of Reveloper, dives into the concept of taking control of your land and maximizing its development potential. He discusses the various options available to landowners and provides valuable insights into navigating the complex world of real estate development.
Joshua Gaglardi, Founder and President of Orion Construction, unpacks the company's extraordinary journey to success. From negotiating contracts exceeding $2 billion to overseeing millions of square feet of developments, he delves into the strategies and principles that have propelled Orion Construction to the forefront of the industry.
Stephen Gammer, with over 15 years of experience in the Commercial Real Estate industry, shares his invaluable insights on what to expect during the commercial lease process, common pitfalls to avoid, and strategies to negotiate win-win situations for all parties involved.
Cameron Archer, Director of Sales and Marketing at Orion Construction, shares how they’ve managed to excel in a competitive market, from leveraging his background in managing industrial projects to nurturing client relationships. Also… listen in to learn how you can enter our Nickelback ticket draw!
Ben Vella, Chief Financial Officer of Rain City Industrial, delves into the intricate world of commercial real estate accounting. Ben sheds light on the crucial role of financial management in commercial real estate projects. From managing budgets to identifying cost savings opportunities for clients, Ben shares valuable insights on optimizing cash flow structures and maximizing tax savings.
Stathis Michael Savvis, Commercial Real Estate Broker at William Wright Commercial, unpacks the endless commercial real estate opportunities awaiting in Maple Ridge, accentuating its pro-business ethos and promising growth prospects within the Greater Vancouver area.
Nathan Armour, Team Lead at William Wright Commercial's New Westminster office, brings a wealth of expertise spanning property valuations, business sales, and investment opportunities. Gain insights into market trends, areas of activity, and the ever-evolving landscape of commercial real estate as Nathan unpacks his extensive knowledge.
With a vision to elevate the hospitality scene, William Donnellan, CEO and Founder of IRL Group, has been steering the expansion of Irish-inspired pubs throughout Vancouver. Gain insights into how IRL Group navigated the complexities of a post-pandemic market, adapting and expanding to meet the demands of a changing landscape.
David Basche, President of Astria Properties, provides unparalleled insights into the industrial asset class and its dynamic landscape. Delving into the nuances of industrial real estate, he also explores the evolving trends in the office asset class, including the topic of rezoning, particularly the shift from industrial to office sparked by recent industry trends.
Anita Chang, Partner with EY, discusses the intriguing intersection of entrepreneurship and real estate ventures. Anita shares EY's Entrepreneur Of The Year program, unveiling the significance and opportunities it presents for entrepreneurs in the real estate arena.
Ric Hayward of Lower Mainland Bailiff guides landlords through the intricate process of handling tenant defaults, offering indispensable insights into how bailiffs can serve as a valuable resource for both parties involved. Gain a comprehensive understanding how leveraging the expertise of a bailiff can be instrumental in resolving such situations.
Meg Cooney, seasoned Commercial Real Estate Broker from William Wright Commercial's Vancouver office, takes center stage to share insights into the world of pre-sale strategies in commercial real estate. This episode offers a valuable exploration of pre-sale tactics and market insights.
With his finger on the pulse of the real estate landscape, Alan Haigh of Impact Commercial provides a roadmap for the year ahead. Amidst market turbulence involving interest rates and inflation, Alan offers clarity on potential rate trajectories, strategies for seizing opportunities during market volatility, and insights to steer investors in the right direction.
In this concluding episode of the year, Matt and Cory offer 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.
With an expert grip on international markets, Peter Leung, esteemed "Investorpreneur" and international correspondent, offers exclusive insights that can truly give investors a competitive edge. Explore his surprising viewpoints on the buy-sell dilemma and get ready to be astonished by his current pick for the ultimate investment hotspot.
Bob Knakal, a distinguished figure in New York City's commercial real estate scene, boasting an impressive 40-year tenure in the industry, delves deep into the intricate details of the NYC office market, the current vacancy rates, trends, and surprising lease rates for prime retail spaces.
Dan Smith, the driving force behind commercial leasing at Reliance Properties, takes center stage to delve into the pulse of the current commercial real estate market. Tune in to discover Dan's insights into the potential resurgence of the office asset class.
This week features an insightful conversation with Eric Wainwright, Managing Director of STOREYS. STOREYS covers and reports on the Toronto housing market. Being a leader in publishing digital content, Eric unpacks his thoughts on the current real estate market, from interest rates to challenges developers are facing and more.
It's time to reveal the top 5 commercial investment markets for 2024! Cory and Rod MacKay from WWC Vancouver break down the most promising opportunities for the year ahead. These markets offer above-average returns with significant potential for increased net operating income, paving the way for substantial equity gains.
As we step into the fall, anticipation builds for the unveiling of the Western Investor's top five cities to invest in for the year ahead. Frank O'Brien from the BIV Media Group, the editor behind the insightful Western Investor reports, presents the prime cities for commercial real estate in 2024.
Shelby Kostyshen, commercial real estate expert from the William Wright Commercial Kelowna office, sheds light on Vernon, a city that's recently seen an uptick in growth. Could Vernon be the next Kelowna? Shelby unpacks specific asset classes that mirror the trends unfolding in Kelowna.
Byron Chard, President and CEO of Chard Development, provides a comprehensive overview of the current state of the commercial real estate market. Byron sheds light on the recent GST changes affecting purpose-built rentals. What do these changes mean for investors and how are they impacting Chard Development's strategies?
As a hands-on expert, Jon Switzer of Impact Commercial shares invaluable insights into the commercial real estate landscape, offering listeners a comprehensive view of the present and a glimpse into the future. Tune in for an informative conversation that promises to shed light on the ever-evolving world of commercial real estate.
Back by popular demand, Douglas Porter, Chief Economist and Managing Director of Economics at BMO Financial Group, provides unparalleled insights into the current landscape of interest rates and offers a crystal-clear view of what lies ahead. Will the trend continue its upward trajectory or are we on the brink of a shift?
Heidi Shortreed from Vedderbrook Properties unveils the secrets to unlocking hidden profitability within your real estate ventures through the strategic use of property management. Tune in as Heidi shares her invaluable insights on how a seasoned property manager can be the key to turning your building into a revenue-generating powerhouse.
Jeff Hancock, who specializes in land development at the WWC Kelowna office, discusses the effects the recent forest fires have on the local market. These annual occurrences have become a part of life for this vibrant Okanagan city that has become a bubble for real estate development over the past few years.
Santanna Portman, Commercial Sales and Leasing Specialist at William Wright Commercial, dives into the vibrant commercial landscape that defines Vancouver Island, shedding light on key trends, emerging opportunities, and the evolving dynamics that shape this ever-changing landscape.
Kevin Johnston, President of Strand, shares his expert perspectives on the market's current landscape and interest rates, and unpacks the opportunities and challenges that shape Vancouver's real estate scene. We also dive into the office asset class, which seems to be bubbling under the surface with potential.
Meg Cooney, Commercial Real Estate Broker at WWC Vancouver, dives deep into a 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.
Cory Wright, Founder of William Wright Commercial, avid real estate investor, and—most importantly—one of the best dealfinders we’ve ever met, holds a master class on how to choose residential and commercial real estate markets, find and analyze the best deals, and implement advanced strategies to supercharge your portfolio.
Gordon MacPherson, President of Elevate Development Corp, provides expert insight into the current real estate market and its dynamic nature. We talk about how different asset classes have been affected since the pandemic, and gain valuable knowledge on the evolving trends in walkable village concepts within various areas.
With his finger on the pulse of international markets, Peter Leung, investorpreneur and international correspondent for the show, offers unique insights that can give you a competitive edge. Discover his surprising choices on whether to buy or sell, and prepare to be astounded by his current preferred investment hotspot.
Jon Switzer, Managing Partner and Commercial Mortgage Broker at Impact Commercial, sheds light on the recent interest rate adjustments and their impact on individuals and businesses alike. Gain a deeper understanding of how these changes reverberate throughout the market and explore the potential ramifications for the local economy.
Shawn Bouchard, Chief Operating Officer of Lorval Developments, dives into the pressing issue of Vancouver's rental housing crisis, unpacking his thoughts on the root causes of the problem and offering valuable insight on potential solutions. Discover how government intervention can play a pivotal role in addressing the challenges faced by renters in Vancouver.
Lori Suba, President and Broker, and Laurae Spindler, Vice President and Associate, of Scout Real Estate revisit the market in Calgary. Lori and Laurae unpacks the different sectors of the market, as well as discusses the Calgary downtown core and shares what the future could entail for Canada’s top 2023 market.
Marianne DeCotiis, commercial real estate broker at William Wright Commercial Kamloops, digs into the Kamloops market. How has the commercial market changed and developed over the past few years? What is the current state of supply? How have the operations of the commercial market shifted?
Bronwyn Scrivens of Omada Commercial unpacks Alberta market lease rates, the differences between Calgary and Edmonton when it comes to being an industrial landlord, how prices have changed, and where she would invest if she were to walk into the market today.
William Wright Commercial's very own Rod MacKay 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?
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?
Retail expert David Ian Gray of DIG360 unwraps everything from how the retail environment has changed, why American big box brands haven't fared as well this side of the border, how technology has impacted the retail world, and his thoughts on why Nordstrom is pulling out.
Ever wonder how companies buy commercial buildings, fix them up, keep them, and then seem to buy more? Cory and Melisa walk 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.
As interest rates continue to move upward, how can you cash in on this? Lawrence Green, President of Spire Development Corporation, discusses what he sees happening in BC’s best markets and how you can make money from these high interest rates.
Why is the collapse of Silicon Valley Bank good for real estate in BC? Alan Haigh, Founding Partner of Impact Commercial Group, discusses how the shocking events down south with SVB could impact BC real estate. Alan shares how rates may move sooner than expected or how they may hold firm for 2023.
From securing air right for a crane to ensuring the land doesn't give way for your underground parkade, Tim Sportschuetz of Sportschuetz & Co construction lawyers talks about all the things you would have never guessed that go into a real estate development in BC.
What’s the last BC commercial real estate market left to boom? Kevin Wong of Wesbild discusses everything Kamloops and why this market is about to boom, from major industries driving the local economy to AAA tenants looking to enter the market.
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, YouTube Music, 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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