BCBusiness

January/February 2025 – House Money

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

Issue link: http://digital.canadawide.com/i/1530578

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7 B C B U S I N E S S . C A J A N U A R Y/ F E B R U A R Y 2 0 2 5 C o v e r a n d 2 2 : R a n d all W a t s o n ; 15 : R u s s H e i n l / S h u t t e r s t o c k ; 3 2 : A d a m B l a s b e r g ; 4 8 : R o m a n S a m b o r s k y i / S h u t t e r s t o c k ; 6 4: A d a m D e w a CONTENTS 22 Real Estate Where do real estate investors stand in the current housing market? Is the net impact of their contributions good or bad? Are the efforts to chase them away justified? In any case, there doesn't seem to be a likely path forward without them. We unpack all sides of the argument, brick by brick BY FRANCES BULA 48 Economic Outlook Our expert prognosticators think 2025 will include the slowing down of interest rates, the switching on of four megaprojects, population struggles in certain areas of B.C. and a possible end to the work-from-home debate. All that plus some industry-specific insights to get you ready for the year BY MICHAEL McCULLOUGH 32 Building a Wall Wall Financial Corporation is one of the biggest movers and shakers in the province's real estate industry. As 35-year- old Colin Wall sets off on his own journey, he hopes the 23-storey building he is planning to erect on Vancouver's west side is just the start of his story BY NATHAN CADDELL C H A T T E R 10 EDITOR'S DESK Home advantage T H E I N B O X 13 REAL ESTATE As Bosa Properties wins the Fraser Institute's prestigious Vancouver Founders' Award, members of the family business reflect on their journey so far 14 GO FIGURE We dig into the costs that come with winter— from annual snow removal budgets to the price of private services for the same 15 BUSINESS CLIMATE Rising sea levels threaten to drown out waterfront properties in the province 18 THE CONVERSATION Rugby Canada CEO Nathan Bombrys talks about overcoming challenges and scoring wins for the B.C. economy 20 SMALL TOWN SUCCESS How Jessy Delleman turned her passion project into Ravensong Seeds & Herbals, a budding business on Vancouver Island Q U A L I T Y T I M E 57 WEEKEND WARRIOR Megan Lohmann is holding on to her love for cross-country skiing as she steps into her new role as the CEO of the Community Energy Association 58 SOCIAL CUES How Vancouver-based GoodFish Seafood hooks viewers with behind-the- scenes content 60 CARRY ON Sober-curious bars, tech- forward spas and hotels with smart beds to help you travel well 62 WORKING ARGUMENTS We kick off our new office debate column with a burning question: Is it OK to microwave popcorn at work? 64 INVENTORY Six local distilleries that are raising the bar for hand-crafted spirits across the province 66 WORST DAY ON THE JOB CarboNet co-founder Amielle Lake dives into strategies that kept the water treatment company afloat during the pandemic V O L U M E 5 3 N U M B E R 1 22 F E A T U R E S 32 48

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