Wise Guys Real Estate Podcast

2022 saw the largest increase in interest rates over the span of a year in Canadian history. This was done by the Bank of Canada to combat the increase of housing costs as well as national inflation. But is there more to the story? November saw the largest amount of insolvencies since early COVID, when lockdowns brought many to their knees. The so-called "solution" is already causing more problems, and 2023 could bring a lot of financial hardship for Canadians. Is a potential looming recession being created by our government, and if so, why? In this episode we try to make sense of all the madness, as well as try to guess at what is likely to happen in 2023. Bronwyn Watson is a Mobile Mortgage Advisor with CIBC. She is available for consultation and can be reached at bronwyn.watson@CIBC.com

"Money needs to seek a place to grow." We were recently joined by Patrick Francey, the current CEO of the Real Estate Investment Network (REIN), an organization dedicated to educating investors by providing research & analysis on the overall real estate market. In this episode we get to learn a little bit about Patrick's journey, where he sees interest rates going, and hear his thoughts about cryptocurrency, blockchain, & "the metaverse".  We also discuss the potential negative impacts of 2+ years of COVID restrictions and how they may impact the local, national & global economies and housing markets moving forward. Patrick is passionate about helping investors grow their portfolios. You can check out his podcast, "The Everyday Millionaire", follow him on twitter @pfrancey, and take a look at what's happening at REIN at https://reincanada.com/

Today we are joined by a Money Man, Ian Tootill. Ian provides investors with direct access to passive real estate related investments as a Dealing Representative with an Exempt Market Securities Dealer. Since 2019, after changes to the BC’s securities rules, developers and real estate asset managers with few exceptions must utilize securities dealers to access their external project equity via investors. In this episode we discuss different investment strategies, in particular real estate development projects, as well as the latest absorption reports, how real estate can hedge against inflation, & some of the current development projects in Kelowna, BC. Ian began his real estate career working as a commercial real estate realtor in California. He transitioned to the world of investing by joining an asset management company, later starting his own investor relations firm. His love for real estate led him to where he is today, as a senior dealing representative at Waverley Corporate Financial Services Ltd.   https://waverleycf.com/ [https://waverleycf.com/]

Today we look back at the guests we've had on over the past 10 episodes, and determine the biggest takeaways from each of them. We also take the temperature of the current market in the Okanagan/Shuswap, look at how the local economy might impact the future of real estate, and discuss where we're heading next.

What will continue to motivate you when you no longer 'need' any more? Being real about your WHY is imperative at ANY stage of the investment game! In this episode we are joined by real estate veteran, new author & all-round good guy, Andrew Schulhof! Drawing from his decades of investing experience, we discuss the current market craziness in BC, his new book, as well as where HE is currently investing, & why!  For a hardcopy or paperback of Andrew's book you can email him directly at aschulhof@gmail.com (all net proceeds go to charity). The kindle version is also available on Amazon: https://www.amazon.com/Look-Before-You-Leap-But-ebook/dp/B08SKT7N1V Andrew is the Author of 'Look Before You Leap, But LEAP!' and founder of Strategic Investment Real Estate. https://strategicinvestmentrealestate.com/