VREP #398 | The Evolution of the Vancouver Real Estate Market with Townline's CEO Rick Ilich

Vancouver Real Estate Podcast

When Rick Ilich started Townline in 1980, interest rates in Canada were cresting at almost 15%, inflation was on the rise, and by the end of the following year, rates peaked at over 20%. The 1980s real estate market in Vancouver was marked by volatility and an eventual market crash (and if you are a boomer or have a boomer parent, you already know this tale). So how did a new development company like Townline survive and what are some lessons for today's market?

This week, Townline CEO, Rick Ilich, sits down with Matt & Adam to discuss his story, from West Coast surfer still 'on the tools' to leading a large-scale development company that builds everything from single-family homes to concrete high-rise towers and mixed-use communities. What are Rick's thoughts on the market? What are policy-makers getting right and getting wrong? How can we improve as an industry? And where does Rick see opportunity in today's market? This is an inspiring episode from a respected leader in the residential, commercial and mixed-use development industry in BC. Listen up!