The State of Commercial Real Estate in Vancouver // The Exchange #034

The Exchange with Sunil Prasad

Today's episode cuts right to the chase! Our guest is Robert Tham from Corbel Commercial Real Estate Services, a commercial real estate brokerage based out of Vancouver.
His introduction comes at around the 6-minute mark, because we had got chatting and carried away on the state of real estate in Vancouver - so for the first 5-minutes or so we've got straight up real estate content, with Robert's intro and backstory coming after that.
He's got a great backstory on growing up in East Van and eventually starting his own brokerage, and offers a lot of insight into the current state of the commercial (and residential) real estate industry in Vancouver at the moment.
Even though the real estate talk revolves around Vancouver for the most part, I think it should still provide value for those in the real estate & mortgage industries looking to start their own firm or take their game to the next level.
Thanks for the chat Robert! Check out Corbel:
http://www.corbelcommercial.com
http://www.facebook.com/corbelcommercial
https://www.linkedin.com/company/corbel-commercial
(00:01) Renter trends in Vancouver in an expensive renters market.
(02:49) Income level, real estate prices, & trends in the Vancouver area market.
(06:40) Introducing Robert and his business; company background and mission + startup stories.
(12:04) Robert's personal backstory - from getting into trouble growing up in East Van to rehab to working at Tony Roma's to creating success and starting his own business.
(20:15) Not expecting a paycheck and being ready to work for free.
(23:27) Trends that Robert is seeing in the commercial real estate market in Vancouver.
(24:59) Can government fix affordability issues in Vancouver?
- (27:28) "As a business owner, should I be buying an office space or leasing it?"
- (30:39) "As a new investor, what's a better investment: commercial or residential real estate?"
- (37:06) "Do you invest in anything else besides real estate?"
- (39:58) "What do you do when you're experiencing burnout?"
- (45:22) "What would be your best advice to someone looking to take their life/career to the next level and find the success they're looking for?"