Vancouver Real Estate Podcast

Hosted by Adam and Matt Scalena

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About the show

Vancouver's premier real estate podcast. Your source for buying, selling, or investing in the Vancouver Real Estate Market with two of Vancouver's top realtors, Adam and Matt Scalena.

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60 recent

1 hr 2 min

VREP #534 | Mark Your Calendar Because Today Is the Bottom of the Vancouver Market with Vince Taylor

After four years of sluggish sales, plenty of Vancouverites have written this market off for good, convinced this time is different. Or is it? Pilothouse Real Estate President Vince Taylor thinks they've got it backwards. The presale veteran & fan favourite sits down with Adam & Matt to make his case, revisit what he got right & wrong on his last visit in 2022, and explain why he believes the turnaround, when it comes, will be fast & violent. Why do rising interest rates spur demand? How long will it take to clear the standing inventory? And can a wave of new governments change the mood around the water cooler? A bold call worth hearing before your next move.

1 hr 4 min

VREP #533 | Is Vancouver Real Estate Stuck Until 2029 with Brendon Ogmundson

Borrowing costs are climbing again, jobs are scarce & a new government just won power in Victoria, yet nothing seems to pull Vancouver buyers off the sidelines. BCREA Chief Economist Brendon Ogmundson sits down with Adam & Matt to explain why the mood feels worse than the data, what this week's rate decision means for your mortgage, and why parts of BC are humming along while the Lower Mainland lags. From a glut of finished condos nobody is buying to the global shocks that keep knocking recovery off course, Brendon gets to the heart of what has to change before confidence returns. Are foreclosures really running higher than in 2008? Did the Bank of Canada just overreact? And why could affordability take another hit right as demand comes back? A sobering but clear-eyed look ahead.

1 hr 4 min

VREP #532 | Now It's Sellers' Turn to Experience FOMO with Jon Bennest & Stefan Greiner

'Remember when' may be the lowest form of conversation, but Vancouver sellers still can't resist quoting what their neighbour sold for in 2021. Back then, buyers were terrified of missing out. Now the anxiety belongs to anyone looking to sell. Zonda VP of Product Jon Bennest & VP of Advisory Stefan Greiner sit down with Matt this week to explain how the pendulum swung so hard, and why a region with ZERO new tower launches this year still can't clear its inventory. From a never-lived-in condo going for nearly 20% less than its twin did a year ago to West Side tenants playing rental buildings off each other for better deals, the leverage has clearly changed hands. Why can't developers simply slash their way out? Are we watching a permanent shift away from ownership? And could the provincial election flip the mood? Time to stop talking about the good ol' days and start listening!

1 hr 6 min

VREP #531 | Ken Sim's Former Campaign Director Wants His Job with Kareem Allam

Four years ago, he helped put Ken Sim in the mayor's chair. Now he wants him out of it. Vancouver Liberals mayoral candidate Kareem Allam sits down with Adam & Matt to explain why he walked away from ABC and why he's staking his entire campaign on one goal: bringing back the young people fleeing Vancouver. He pulls no punches on a building code he calls a barrier to new housing, density that has outrun the parks & pools neighbourhoods were promised, and a plebiscite question he says amounts to building a prison downtown. Is the property tax freeze really a fee hike in disguise? Who does Kareem say is actually running the drug trade on our streets? And should UBC be folded into the municipality? Don't miss this before you head to the polls.

44 min

VREP #530 | From 4,000 Metro Vancouver Presales a Quarter to 62 with Beau Jarvis

Vancouver's presale market hasn't just slowed, it has nearly vanished, & that will shape what gets built here for years to come. Recorded live at REIBC's Real Estate 360, Wesgroup Properties President & CEO Beau Jarvis sits down with Adam & Matt to explain why government, not weak demand, remains his industry's biggest obstacle. With civic & provincial elections a week apart, Beau pulls no punches on David Eby's proposed levy on unsold homes, why builders are accepting losses to keep their teams employed, and why DRIPA & rising interest rates add even more risk for the capital that funds new projects. Could a Conservative victory change public sentiment? Should foreign buyers be welcomed back? And how much longer can developers hold out in conditions this tepid? Don't miss this one!

59 min

VREP #529 | Developers Are Fighting to Survive and Eby Wants to Tax Their Unsold Condos with Trevor Hargreaves

The fall market is already crawling, and now a snap provincial election and a surprise tax on unsold condos have dragged BC housing into the political crossfire. In front of a live audience, BCREA Senior VP of Government Relations Trevor Hargreaves sits down with Adam & Matt to unpack Premier David Eby's timing, why developers keep getting cast as villains while many struggle to stay afloat, and how rapid densification without schools or hospitals to match could strain growing neighbourhoods. Can a party on its third leader this year stay disciplined long enough to win? Can Ken Sim's crime-focused pitch rescue his bid for a second term? And could an Australian-style approach to foreign investment get stalled projects moving again? Don't miss this one!

1 hr 6 min

VREP #528 | Why Street Disorder Hasn't Gotten Better with Pete Fry

For many Vancouverites, this upcoming civic election is about one thing: street disorder. Councillor & Green Party mayoral candidate Pete Fry sits down with Adam & Matt this week to lay out his approach, from supportive housing & overdose prevention sites to the tiny shelters he's seen succeed down the coast. The longtime Strathcona resident also shares what a well-run SRO on his own block reveals about making these buildings work. Is East Van shouldering more than its share of the region's hardest problems? What would it take to get people out of shop doorways for good? And where does involuntary care fit into the solution? Don't miss this ahead of October's vote.

52 min

VREP #527 | David Eby Wants to Be Your Neighbour with Marc Lee

Picture this: you move into your new home & find yourself across the table from a government bureaucrat at your first strata meeting. And they control 30% of the strata votes! The proposed condo bailout could make this a reality. Senior Economist Marc Lee of the Canadian Centre for Policy Alternatives sits down with Adam & Matt this week to unpack why the cycle that made Vancouver real estate a one-way bet has somehow ended with taxpayers buying condos, how scooping up unsold units puts an artificial floor under prices right when they need to move, and where Marc thinks the province belongs in the housing market instead. What happens to your assessed value when Victoria buys the unit next door? Which 2,200 households win the condo bailout lottery? And is this all really about developers or about the Canadian banks? Don't miss this one!

1 hr 12 min

VREP #526 | Fraser Valley Prices Are Down over $300,000 and Still Falling with Steve Karrasch

The Fraser Valley benchmark price has fallen from nearly $1.2 million at the 2022 peak to $869,000 & Surrey Realtor Steve Karrasch says the declines are speeding up - not slowing down. Steve sits down with Adam & Matt this week to walk through a market that is bucking the stabilizing national trend: where court-ordered sales are setting the price, landlords are selling rather than re-renting, and a detached house can now be had for what a two-bedroom condo cost three years ago. From the boom-and-bust history of Surrey City Centre to the multiplexes going up with no buyers in sight, this conversation gets into where the Valley is headed and what sellers need to hear before listing this fall. Why does Langley still see multiple offers while much of Surrey sits? How far away is the bottom? And why is Steve still hopeful? Don't miss this one!

1 hr 11 min

VREP #525 | Why Smart Money is Getting Ready to Build Again with Daryl Simpson

Most of the market is sitting on its hands, but Townline President Daryl Simpson says that developers paying attention are getting ready to build. Daryl sits down with Adam & Matt this week to explain a paradox: how the slowest condo market of his three decade career, the first real drop in rents this city has ever seen, and 20,000 rental units still under construction actually set up a genuine supply squeeze in the early 2030s - one builders should be preparing for now. He is candid about why today's construction savings will not last, what developers got wrong during boom times, and why the condo bailout nobody asked for is doing more harm than good. So when does this market actually turn? What happens to rents once the cranes come down? And what will it take for buyers to believe in this market again? Don't miss this one!