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

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!