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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!

Guest Information

Rick Ilich

Rick is the CEO of Townline, established in 1980 and under Rick’s direction, it has grown from a single family home builder to a diverse and respected player in the residential, commercial and mixed-use development industry in British Columbia. With projects throughout Greater Vancouver, Vancouver Island, Los Angeles and Phoenix, Rick’s keen sense of detail, creativity and desire for innovation is reflected in all of Townline’s developments.

Episode Summary

Episode Host

Adam Scalena

adam@scalenarealestate.com

778-866-4574

Adam is a full-service realtor, specializing in Vancouver’s best areas. His systematic approach to real estate and dedication to his clients has consistently placed him within the top 10% of realtors operating within Greater Vancouver.

Matt Scalena

matt@scalenarealestate.com

778-847-2854

Matt is real estate obsessed and considers himself a lifelong student of the Vancouver real estate market. As a co-manager of the Scalena Real Estate team, Matt prides himself on expertly advising buyers and sellers on all aspects of the fast-paced, dynamic Vancouver real estate market. He is present at every stage of the process, from that first phone call or email right through to when keys are exchanged between sellers and buyers.

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