Commercial Real Estate Group is Sean Phillips, REALTOR®, with Coldwell Banker Executives Realty. From a Vernon base, Sean helps owners, investors, landlords and tenants buy, sell and lease industrial, retail, office, multi-family, hospitality, agricultural and development property anywhere in BC.
In-depth, sourced guides on the 2026 market, valuation, buying, financing, leasing, strata, industrial, apartments, hospitality, land and sale-leasebacks.
Q2 2026 reports show BC commercial real estate levelling off rather than rebounding. Metro Vancouver industrial vacancy edged down for the first time…
Most BC commercial property is valued on income: net operating income divided by a market cap rate, checked against comparable sales and, for special…
BC commercial leases differ mainly in who pays the building's costs. Gross leases bundle them into one rent; net and triple-net leases add property…
Buying commercial property in BC means setting clear criteria, making an offer or letter of intent with conditions, paying a deposit held in trust,…
BC industrial property is shaped by scarce land. Metro Vancouver's industrial lands are about 4% of the region but hold 22% of its jobs, and Avison…
BC development land is worth what a builder can pay after costs, so zoning, density and charges drive price. Provincial laws since 2023 (Bills 44,…
Dated, sourced briefs with what each one means for owners, investors and tenants.
Kelowna council unanimously approved a development permit for a six-storey project on Harvey Avenue near Richter Street combining a 168-room hotel and 70 apartments. The plan consolidates six lots and includes a proposed restaurant on the northwest corner.
For owners: Adds new hotel room supply and ground-floor commercial space to downtown Kelowna, relevant to hospitality investors and nearby retail landlords.
Premier David Eby announced the province is pausing the planned Oct. 1, 2026 expansion of the 7% PST to services including non-residential real estate trading, rental property management and strata management, as well as accounting, architectural, engineering and security services. The pause is to last until the province is no longer facing uncertainty from the Canada-U.S. trade war; the measure had been projected to raise about $261 million this fiscal year.
For owners: Commercial commissions and property management fees will not carry PST on Oct. 1 as planned; the province's PST notice says providers who registered should cancel their PST accounts. The measure could return once trade uncertainty eases.
The Bank's summary of Governing Council deliberations for its Sept. 2 decision noted headline inflation had been near the top of the 1% to 3% band since April, largely because of gasoline prices. Council judged the direct economy-wide impact of new U.S. tariffs likely modest, though trade uncertainty was expected to weigh on confidence.
For owners: Signals the Bank is weighing upside inflation risks against weaker trade conditions, which limits the case for near-term rate cuts that would lower commercial borrowing costs.
Altus Group reported $3.5 billion of Metro Vancouver commercial investment in Q2 2026, down 23% year over year. Retail was the only sector to grow (up 1% to $866 million), while office fell 46%, multi-family 41% and industrial 19%; industrial availability was 5.9%.
For owners: Capital is favouring defensive, income-producing assets, which supports pricing for well-located retail while office and multi-family sellers face a thinner buyer pool.
Sean started his career in commercial real estate. Since 2014 he has also worked on the licensing side of Canada's legal cannabis industry, producing site evidence for Health Canada applications. That work taught him to read a building the way a regulator, lender or specialist buyer does: power, systems, security, permits and zoning first.
Commercial buyers and their lenders decide on zoning, tenancy, income and condition. Every property Sean markets is documented against this brief before it goes to market, so serious buyers can move quickly.
Paid advisory and opinions of valueA free 10-minute Zoom chat to understand the property and your goals.
Documents gathered, pricing discussed with comparable sales and income, and the likely buyer pool identified.
MLS® exposure through Coldwell Banker Executives Realty plus direct outreach to owner-users, investors and developers.
Sean negotiates terms and keeps due diligence, financing and subject removal on schedule.
Buying, selling or leasing commercial property anywhere in BC? Tell Sean what you own or what you need, and he'll tell you plainly where it stands in today's market. Advisory work beyond the intro is paid and quoted per property.