108: The Current Challenges Facing Restaurants in Kelowna with Salt & Brick's Casey Greabeiel

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Welcome back to the Colonial Real
Estate Podcast.

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I'm your news broker host, Taylor
Atkinson.

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And I am your real estate agent
host, Matt Glant.

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That griff I hear in the back
there, Taylor?

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Yeah, yeah.

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Dogs barking, deliveries are

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happening, you know.

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How are you doing, buddy?

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That's a sign of a booming economy
if I ever heard one.

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Yeah, yeah.

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E -commerce.

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Well, hey, funny you mentioned
booming economy.

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So today's guest, Casey Grebel,
super interesting guy.

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So restaurant entrepreneur running
Salt and Brick, Diner Deluxe,

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pretty not bad.

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Jax.

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Jax.

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And then.

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all over other places, Canada as
well.

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But yeah.

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Yeah.

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Unfortunately, if you haven't
heard already, Salt and Brick is

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closing his doors still open for
special events.

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Yeah.

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Open for special events.

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I was thinking we should get the
hockey team in there for a party.

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Yeah.

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Maybe first to win if we can win a

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game.

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That would that would justify a

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celebration.

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We got to win.

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Open the doors.

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Yeah.

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God, we don't want to make them
wait that long.

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But yeah, so we just kind of dove
into it on like how businesses

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what's going on with tourism
airbnb legislation that came up

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you know a few years ago how
that's impacted his business like

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we obviously on the show hear a
lot from people that own real

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estate that have condos that got
kind of around with uh the rules

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right with their short -term
rental rules and like to hear it

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from a restaurateur who has a few
restaurants like here in the

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episode like he's got a 20 years
of experience with like i don't

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even know how many restaurants he
has we obviously on the show hear

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a lot from people that own real
estate that have condos that got

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kind of around with uh the rules
right with their short -term

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rental rules and like to hear it
from a restaurateur who has a few

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restaurants like here in the
episode like he's got a 20 years

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of experience with like i don't
even know how many restaurants he

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has Dozens, right?
At least dozen in different

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markets.

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So for him to share his experience

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was like very eye opening about
what has happened in Kelowna with

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the short term rental ban and
other factors as well that he puts

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up, but like a lot to do with the
short term rental situation.

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Yeah.

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And I think you hear the odd

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business owner in Kelowna
commenting on this stuff.

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and maybe they don't want to fight
or like are super transparent with

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numbers.

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But for a guy that has like on

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quite a large scale, like four
restaurants in Kelowna that are

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very successful in great
locations, you know, for him to be

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able to share that is obviously
like there's a lot of evidence

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that, yeah, short term rental has
impacted negatively for those

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owners.

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I mean, and he doesn't put all the

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blame on that.

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You know, there's fires and covid

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and a bunch of other reasons but
for him to be looking at say diner

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deluxe and saying well yeah we're
down by 30 percent because short

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-term rental legislation that's
tough and to me like to lose a

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great operating restaurant hurts
you know obviously in a space

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that's built for a restaurant
likely the next restaurant is

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going to come and fill that void
and you know that's just the cycle

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of it to me the real loss is like
you're losing these awesome

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entrepreneurs that have been
invested here for years and you

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know for a guy like that to you
know be raising a family here too

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and then to feel kind of like
pushed out and to go back to

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alberto a little bit more is is
pretty sad you know like that's

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the loss like restaurants like try
to make waste and not boom in the

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summer so they're basically
creating restaurants that are for

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the locals rather than for the
tourists restaurants like try to

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make waste and not boom in the
summer so they're basically

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creating restaurants that are for
the locals rather than for the

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tourists It changes the vibe as
Kelowna being like a tourist

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destination in the summer, which
could affect longer term for like

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once the economy does bounce back,
it looks shorter rentals to

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straighten out and stuff like
that.

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Slow the recovery because of the
mindset shift with the business

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owners in town.

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Yeah.

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I mean, it's a hard thing to
comment on because like selfishly

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we like having, you know, our city
to be a little bit more locally

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run and having less, you know,
traffic, but on the same sense,

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like.

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having that tourism boom is fun

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once in a while it creates events
and vibrancy and economic

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stability like that injection to
cash in the summer so to have like

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that perfect blend between the two
is is hard to do but when you're

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getting a form of intervention
that limits that owner operator

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entrepreneur on their own vision
is brutal you know it's so sad to

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see so anyways he's still
operating some very successful

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restaurants here that are doing
awesome It's just that Salt Brick

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specifically just wasn't working
out the way they needed it to.

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And then with the short term
rental ban, are then with the

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short term rental ban, like the
city of Kelowna, I've been hearing

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more and more.

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We should have Ryan Smith on again

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to talk about this because I think
he's recommending that they bring

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back short term rentals to the
city.

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But the problem with this is that
it's not really.

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up to the city if our vacancy rate
lowers again to under two or under

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three or whatever it is whatever
it's supposed to be like i think

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the choices just get taken off the
table to have because they're

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talking about applying to the
province to have an exemption for

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a certain amount of buildings
whether it's the same ones that

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were before or not it obviously we
don't know exactly what he's going

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to recommend but if he even does
that that only applies if it's

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over the Vacancy rate.

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So we have a lot of rental

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buildings coming up right now.

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I don't foresee the vacancy rate

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going down in the next two years
or like in the short term

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timeframe, but like for a
restaurant or a business to open

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up, they kind of got to look
longer term than that.

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And if you just have no idea
what's going to happen in three,

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four years, like how do you build
a business when you just don't

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know what's going to go down?
Totally.

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Yeah.

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We really need the vacancy.

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yeah to be above that three
percent but then they also need to

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lobby at parliament for exclusion
on you know saying hey these

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specific property addresses these
buildings that are purposely built

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for you know a resort style
community short -term rentals yeah

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like whatever happens the vacancy
should not matter you know like we

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need some commitment no exactly
provincially can't just change

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every few years that's crazy how
is anyone supposed to plan

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anything like that it feels like
we've obviously talked about this

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a ton on the show but when
something happens we just pull all

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the levers try and fix it and then
it goes the other way now you

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almost don't want it to pull all
the levers the other way like for

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the love of god just let things
work out a bit right let him

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prevent him and just just change
every few years that's crazy how

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is anyone supposed to plan
anything like that it feels like

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we've obviously talked about this
a ton on the show but when

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something happens we just pull all
the levers try and fix it and then

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it goes the other way now you
almost don't want it to pull all

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the levers the other way like for
the love of god just let things

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work out a bit right let him
prevent him and just follow the

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market kind of where it's at it's
a tough one to do you know it's

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not just up to the city and i feel
like the city kind of got behind

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themselves a bit when they took
the legislation that the province

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passed and then added more on top
right so they've made it more

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cumbersome than that even the
province said and now they're

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going back the other way to try
and claw that back to less than

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what the province says right so
kind of like it almost erodes the

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credibility they have with the
province with this yeah oh totally

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and like you know city of west
colonna and penticton have both

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been pushing back against it
pretty aggressively now they're

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allowed to obviously with vacancy
rates where they are but um we

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need colonna to jump on board a
bit more and touch base with the

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local entrepreneurs like casey as
well you know like these are guys

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that they should be hearing their
voice a little bit more so I think

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where his restaurants are like
we're talking like right on the

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water like two locations right
down Bernard right in the most

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prime locations we have Clement
and Ellis we have pretty not bad

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and then we have right across the
street from gyro like very high

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profile locations all of his
restaurants and think where his

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restaurants are like we're talking
like right on the water like two

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locations right down Bernard right
in the most prime locations we

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have Clement and Ellis we have
pretty not bad and then we have

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right across the street from gyro
like very high profile locations

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all of his restaurants and For him
to say that he's starting like

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this is like just saying a lot.

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You know, like you have an

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experienced owner with resources
in the high profile locations that

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still is having a tough time.

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It's just like, it should be an

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eye opener for everybody.

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Yeah, absolutely.

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Well, I think we should just dive
into the show because I agree.

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Pretty interesting guy.

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And outside this, yeah, go to one

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of the restaurant and bars and
have a drink, have some dinner and

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support him.

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You know, he's a local restaurant

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here.

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Yeah, absolutely.

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This episode, like every episode,
sponsored by Century 21 Insurance

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Realty.

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We're growing.

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We're going everywhere.

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We're growing geographically and

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growing our agent base.

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Things are looking good around

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here.

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So if you're an agent looking for

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a new brokerage to hang your hat
at and put up some signs with the

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broker's name on it, give us a
shout.

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Or if you're a buyer, a seller, or
someone looking for a property

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manager, reach out.

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We've got someone to help you

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here.

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So enjoy the show, you guys.

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All right, Casey Grable.

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How are you doing, man?

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Crazy weekend and it was a weekend
of bricks and stuff going on

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outside of that.

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it was a weekend of bricks and

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stuff going on outside of that.

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I was sick of a little boy at home

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today.

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So, you know, that.

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I know, going with the flow.

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Well, maybe you can give us a bit

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of a rundown on your background,
who you are, what you're doing.

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For sure.

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Yeah.

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I mean, I started coming to Quono
a lot in, geez, 2006.

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Then started looking at business
opportunities over time.

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Took over 10 years to pull the
trigger.

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Got connected with someone through
a mutual friend that really wanted

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to do a restaurant project with
me.

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So we did salt and brick.

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We bought the original, which was

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the salted brick.

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We didn't tweak the name much.

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We did a big reno, but it was
salted brick.

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And one of the main reasons we
bought it is that a really great

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culinary reputation and we really
wanted to own kind of a quaint

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little.

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restaurant project, then tweak it

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to some of the things that I'd
seen.

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I live in Calgary and I've lived
in Calgary since 2006, 2007, I

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guess.

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So I've seen obviously a lot of

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concepts come through Calgary and
some of which I hadn't seen come

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to Kelowna.

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So at that point, we really wanted

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to focus on the local wine and
then, you know, share plates,

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small plates, dining.

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And then quickly we ended up doing

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00:08:18,100 --> 00:08:21,620
Jack's, which was Beccaro before
us, which was three doors down on

245
00:08:21,620 --> 00:08:22,340
Bernard as well.

246
00:08:22,340 --> 00:08:23,540
Turn that into a cocktail bar.

247
00:08:23,540 --> 00:08:24,700
Initially, it was cocktails and
pizza.

248
00:08:24,700 --> 00:08:26,640
Treat the format over the years.

249
00:08:26,820 --> 00:08:28,000
Then right before COVID, we signed

250
00:08:28,060 --> 00:08:29,480
a deal to do Diner Deluxe across
from Cairo Beach.

251
00:08:29,480 --> 00:08:30,640
So we have Diner Deluxe there.

252
00:08:30,640 --> 00:08:31,460
That was a very interesting

253
00:08:31,460 --> 00:08:33,539
experiment, opening right in the
heart of COVID.

254
00:08:33,539 --> 00:08:34,820
You know, we opened in that June.

255
00:08:34,820 --> 00:08:37,690
COVID had been on for like three

256
00:08:37,690 --> 00:08:37,870
months.

257
00:08:37,870 --> 00:08:38,809
So very unique experience.

258
00:08:38,809 --> 00:08:40,570
Obviously, Kelowna experienced a
lot of uniqueness in the COVID

259
00:08:40,570 --> 00:08:40,750
times.

260
00:08:40,750 --> 00:08:43,530
Probably the most tourism we've

261
00:08:43,549 --> 00:08:46,770
seen, I would actually say, which
is a little bit backwards.

262
00:08:46,770 --> 00:08:47,870
But did that project.

263
00:08:47,870 --> 00:08:48,910
And then, yeah, just two years

264
00:08:48,910 --> 00:08:52,770
ago, a little over two years ago,
got a call that, you know, the guy

265
00:08:52,770 --> 00:08:53,150
who had.

266
00:08:53,150 --> 00:08:54,490
a bad tattoo in Kelowna, was

267
00:08:54,490 --> 00:08:57,230
looking to get out of the Kelowna
location.

268
00:08:57,230 --> 00:09:01,030
We had no plan for it, no ideas
for it or anything, but we were

269
00:09:01,030 --> 00:09:02,880
like, this is a cool space.

270
00:09:02,880 --> 00:09:05,100
And the previous owner put a lot

271
00:09:05,100 --> 00:09:06,740
of money into the infrastructure,
especially the kitchen.

272
00:09:06,740 --> 00:09:09,980
So we were like, okay, let's come
up with something.

273
00:09:09,980 --> 00:09:14,360
And I had this name in the back of
my head for a while called Pretty

274
00:09:14,360 --> 00:09:17,400
Not Bad that one of my now
partners in that venture.

275
00:09:17,400 --> 00:09:19,760
And so we were like, you know,
does Kelowna need another sports

276
00:09:20,040 --> 00:09:21,280
bar?
Does Kelowna have a sports bar?

277
00:09:21,280 --> 00:09:25,140
If we call it unconventional
sports bar, does it work?

278
00:09:25,140 --> 00:09:26,800
So that was our fourth project.

279
00:09:26,800 --> 00:09:28,640
As I mentioned, this last Sunday

280
00:09:28,640 --> 00:09:30,760
was our last day of service at
Salt and Brick.

281
00:09:30,760 --> 00:09:32,600
It's just, you know,
unfortunately, just has not

282
00:09:32,820 --> 00:09:34,500
performed the way we previously
performed, especially over the

283
00:09:34,500 --> 00:09:35,400
summers, the last two summers.

284
00:09:35,520 --> 00:09:36,700
In the summers previously, we

285
00:09:36,700 --> 00:09:39,860
would have done almost twice as
good sales as we did this last two

286
00:09:39,860 --> 00:09:40,000
summers.

287
00:09:40,000 --> 00:09:41,580
Lots of factors, I think, at play,

288
00:09:41,580 --> 00:09:44,100
and definitely not all of them out
of my control or out of our team's

289
00:09:44,180 --> 00:09:46,260
control, but a lot of them, I
think, for sure were.

290
00:09:46,260 --> 00:09:48,080
So, yeah, kind of in an
interesting middle ground.

291
00:09:48,080 --> 00:09:50,120
We had sold Jack's almost two
years ago, so right now we just

292
00:09:50,260 --> 00:09:52,400
are going to have the two projects
going forward with Pretty Not Bad

293
00:09:52,400 --> 00:09:53,080
and Diner Lux.

294
00:09:53,080 --> 00:09:54,200
Wow, that's incredible, man.

295
00:09:54,200 --> 00:09:57,960
Well, I'm happy to say I've been
to all of those venues, and I,

296
00:09:58,160 --> 00:09:58,180
yeah.

297
00:09:58,180 --> 00:10:00,100
Yeah, I think anybody can go on a

298
00:10:00,100 --> 00:10:01,820
hat, anybody can go on a hat, so.

299
00:10:01,820 --> 00:10:03,460
Is your first restaurant that you

300
00:10:03,460 --> 00:10:06,460
opened then with Salt Lake Brick?
Well, my first restaurant I opened

301
00:10:06,460 --> 00:10:07,360
was in 2004 in Edmonton.

302
00:10:07,360 --> 00:10:08,000
Long, long, long ago.

303
00:10:08,000 --> 00:10:10,420
I don't think we wanted to go back
that far.

304
00:10:10,420 --> 00:10:14,340
I know my eyes date myself a
little bit, but...

305
00:10:14,340 --> 00:10:17,360
My very first restaurant I opened
was in 2004 in Edmonton called

306
00:10:17,360 --> 00:10:17,760
Sapphire.

307
00:10:17,760 --> 00:10:19,140
Learned a lot of lessons there.

308
00:10:19,140 --> 00:10:22,290
And then, yeah, took a hiatus from
the restaurant industry for a

309
00:10:22,290 --> 00:10:22,650
while.

310
00:10:22,650 --> 00:10:24,170
And then jumped back into it with

311
00:10:24,170 --> 00:10:26,970
the other job that I have, being I
oversee a brand called Greta Bar.

312
00:10:27,030 --> 00:10:28,150
So we have Greta Bars all across
the country.

313
00:10:28,150 --> 00:10:30,470
We just opened in Toronto last
year.

314
00:10:30,470 --> 00:10:32,890
And that brand is a partner brand
with Hudson's Pubs.

315
00:10:32,890 --> 00:10:35,330
And don't have any Hudson's Pubs
in BC, but at one point we had 11

316
00:10:35,330 --> 00:10:36,790
locations, 10 in Alberta, one in
Saskatoon.

317
00:10:36,790 --> 00:10:37,670
They currently have six.

318
00:10:37,670 --> 00:10:39,590
I'm not super actively involved on

319
00:10:39,670 --> 00:10:41,070
that brand, but we are, you know,
closely associated.

320
00:10:41,070 --> 00:10:42,410
So I oversee the four Gretas.

321
00:10:43,280 --> 00:10:44,380
And then that same group is

322
00:10:44,380 --> 00:10:44,380
actually who did Salt and Brick
Calgary.

323
00:10:44,380 --> 00:10:46,640
So the Calgary location is a
completely different, you know,

324
00:10:46,640 --> 00:10:48,280
partnership group other than
myself, than the Colona location.

325
00:10:48,400 --> 00:10:52,100
What I loved about the Colona was
that it was 952 square feet or

326
00:10:52,100 --> 00:10:54,240
whatever the math is on that and
how much my culinary team could do

327
00:10:54,240 --> 00:10:55,460
with so little resources.

328
00:10:55,460 --> 00:10:57,640
basically an oven and some

329
00:10:57,640 --> 00:11:00,480
induction burners, and those guys
put out world -class food every

330
00:11:00,480 --> 00:11:01,640
day for eight years.

331
00:11:01,640 --> 00:11:02,940
Whereas the Calgary one was like,

332
00:11:03,040 --> 00:11:05,320
they got all the bells and
whistles in the Calgary one.

333
00:11:05,320 --> 00:11:07,600
They got the full -out kitchen,
anything our chef really asked

334
00:11:07,600 --> 00:11:08,420
for, he got.

335
00:11:08,420 --> 00:11:10,100
It's a beautiful space, has a

336
00:11:10,100 --> 00:11:11,220
speakeasy in the back.

337
00:11:11,220 --> 00:11:12,320
So yeah, I mean, I've been all

338
00:11:12,320 --> 00:11:15,000
over the map in the hospitality
world over the years, right?

339
00:11:15,000 --> 00:11:17,960
Why does everybody land somewhere?
It was about a girl.

340
00:11:17,960 --> 00:11:20,540
Is that ultimately not why
everyone ends up somewhere, I

341
00:11:20,540 --> 00:11:21,360
feel?
The backstory, which we'll keep

342
00:11:21,360 --> 00:11:25,850
very brief, my partner back then
had a little boy who lived in

343
00:11:25,850 --> 00:11:27,590
Kelowna and wasn't able to move.

344
00:11:27,590 --> 00:11:30,570
And so it was like if I wanted to

345
00:11:30,570 --> 00:11:34,810
start a life with her and her son,
it would have been having to be in

346
00:11:34,810 --> 00:11:34,910
Kelowna.

347
00:11:34,910 --> 00:11:37,150
So I looked around for jobs for a

348
00:11:37,150 --> 00:11:39,610
very short time and realized what
I did in Alberta.

349
00:11:39,810 --> 00:11:42,790
didn't really exist in a city a
smallest border and i didn't want

350
00:11:42,790 --> 00:11:46,770
to travel a ton so i was like all
right like let's start make clean

351
00:11:46,770 --> 00:11:50,690
clone a home i actually gave my
notice to my business partner in

352
00:11:50,690 --> 00:11:53,890
the greta hudson's world twice two
years in a row i gave him okay one

353
00:11:53,890 --> 00:11:57,790
more year one more year and then
the crazy thing out of it all was

354
00:11:57,790 --> 00:12:00,170
that the greta project came up and
like i looked back on that project

355
00:12:00,310 --> 00:12:03,730
which you know we came up with the
concept i think late 2017 and we

356
00:12:03,730 --> 00:12:06,370
were open november 2018 in our
first location in calgary and

357
00:12:06,370 --> 00:12:09,390
Basically, my deal with my partner
at that point was like, put off

358
00:12:12,670 --> 00:12:20,050
moving to Kelowna fully and run
this brand, but I'm okay with you

359
00:12:20,050 --> 00:12:24,510
having these projects in Kelowna,
you know, as long as those

360
00:12:24,510 --> 00:12:27,810
projects, you know, don't require,
you know, full time from you.

361
00:12:27,810 --> 00:12:30,250
You know, when you talk about the
Kelowna story, that's always been

362
00:12:30,250 --> 00:12:32,870
the tough one for me is I've never
lived in Kelowna fully.

363
00:12:32,870 --> 00:12:35,410
You know, we own a house in
McKinley, but when the short -term

364
00:12:35,410 --> 00:12:38,090
rental rules changed, it became a
long -term rental instead of a

365
00:12:38,090 --> 00:12:38,610
short -term rental.

366
00:12:38,610 --> 00:12:40,150
You know, we bought the house

367
00:12:40,150 --> 00:12:43,290
specifically with the mindset that
we would short term rent, you

368
00:12:43,290 --> 00:12:46,270
know, three weeks out of a month
and then we'd be there one week

369
00:12:46,270 --> 00:12:47,130
out of the month.

370
00:12:47,130 --> 00:12:48,530
And that was with my new partner

371
00:12:48,530 --> 00:12:50,410
and my two little kids.

372
00:12:50,410 --> 00:12:51,790
And so, you know, that dream went

373
00:12:51,790 --> 00:12:53,330
out the window very quickly.

374
00:12:53,330 --> 00:12:53,930
It was literally, I think we

375
00:12:53,930 --> 00:12:54,490
bought in June.

376
00:12:54,490 --> 00:12:56,290
I can't remember when the law

377
00:12:56,290 --> 00:12:57,130
changed fully.

378
00:12:57,130 --> 00:12:58,290
I think it was May, but you know,

379
00:12:58,290 --> 00:13:00,630
between that 11 month span,
obviously short -term rentals

380
00:13:00,630 --> 00:13:01,570
became not a possibility.

381
00:13:01,570 --> 00:13:02,850
And so, yeah, we had to make the

382
00:13:02,850 --> 00:13:06,830
call of just finding a long -term
renter.

383
00:13:06,830 --> 00:13:11,040
And so I actually, it's been over
a year since we've lived in that

384
00:13:11,040 --> 00:13:11,860
house we have in Kelowna.

385
00:13:11,860 --> 00:13:13,360
We're going to jump into the short

386
00:13:13,360 --> 00:13:16,760
-term rental thing here in a
second, going to jump into the

387
00:13:16,760 --> 00:13:18,820
short -term rental thing here in a
second, but like you have

388
00:13:18,820 --> 00:13:20,460
experience all over the country.

389
00:13:20,460 --> 00:13:22,480
So what's it like to run a

390
00:13:22,700 --> 00:13:23,600
restaurant in Kelowna compared to
other places?

391
00:13:23,600 --> 00:13:26,320
There's very few places in the
world that I could say that I've

392
00:13:26,320 --> 00:13:28,740
been to and traveled to that I
think would be as challenging as

393
00:13:28,740 --> 00:13:28,860
Kelowna.

394
00:13:28,860 --> 00:13:30,960
And that's for lots of reasons.

395
00:13:30,960 --> 00:13:33,620
I mean, right off the bat,
seasonality.

396
00:13:33,620 --> 00:13:35,220
And I know that Kelowna is
obviously experiencing growth.

397
00:13:35,220 --> 00:13:38,400
Actually, maybe not in the last
year, but had been experiencing

398
00:13:38,400 --> 00:13:39,340
pretty amazing growth for years.

399
00:13:39,340 --> 00:13:40,880
And I know that there's a great

400
00:13:40,880 --> 00:13:41,200
Kelowna 2040 plan.

401
00:13:41,200 --> 00:13:42,380
And I had lots of chats with the

402
00:13:42,380 --> 00:13:44,480
previous mayor when he was in
office and a little couple of

403
00:13:44,480 --> 00:13:47,120
chats with the current mayor about
where Kelowna is going.

404
00:13:47,120 --> 00:13:49,720
And I think for me and for what
I've experienced with restaurants,

405
00:13:49,720 --> 00:13:52,850
is just the swings of the busy
season and slow season are just

406
00:13:52,850 --> 00:13:54,950
really tough to take in all
aspects, whether that be revenue

407
00:13:54,950 --> 00:13:59,310
and cash management and inventory
and all that, or whether it be on

408
00:13:59,310 --> 00:14:01,450
the other side of that with, you
know, like staffing and keeping

409
00:14:01,450 --> 00:14:04,090
good staff and every year having
to have this hiring cycle where

410
00:14:04,090 --> 00:14:05,790
you go, even with small
restaurants, you know, like Salt

411
00:14:05,790 --> 00:14:07,770
and Brick in the winter and Jack's
in the winter, I think our first

412
00:14:07,770 --> 00:14:07,570
or second winter, I might add like
10 staff total between the two

413
00:14:07,570 --> 00:14:07,770
places.

414
00:14:07,770 --> 00:14:08,730
So if someone's sick or anything

415
00:14:08,730 --> 00:14:11,150
like that happened, That was
always a challenge.

416
00:14:11,150 --> 00:14:13,130
And then you got to scale up in
the summer.

417
00:14:13,130 --> 00:14:16,000
So I always have found that
seasonality played into it.

418
00:14:16,000 --> 00:14:17,480
The fires 1000 % play into it.

419
00:14:17,480 --> 00:14:18,880
We used to be a partner with a

420
00:14:18,880 --> 00:14:21,880
wedding venue for Salt and Brick
and it was a huge piece of our

421
00:14:21,880 --> 00:14:22,800
business for several years.

422
00:14:22,900 --> 00:14:24,140
But like August weddings just

423
00:14:24,400 --> 00:14:24,900
stopped happening.

424
00:14:24,900 --> 00:14:26,980
It was part of the reason the

425
00:14:27,080 --> 00:14:29,460
partnership ended up changing was
because like you truly like one of

426
00:14:29,460 --> 00:14:30,920
the months of the year.

427
00:14:31,080 --> 00:14:32,340
So again, hiring a chef and then

428
00:14:32,340 --> 00:14:35,940
having one or two weddings and all
of August for him to work, you

429
00:14:35,940 --> 00:14:37,260
know, or her to work wasn't
enough.

430
00:14:37,260 --> 00:14:39,460
So I definitely think the fires
are a challenging part of Kelowna.

431
00:14:39,460 --> 00:14:43,120
And when we have two years in a
row without major fires, I believe

432
00:14:43,120 --> 00:14:44,900
that's a good thing.

433
00:14:44,900 --> 00:14:47,480
I think it's a good thing for the

434
00:14:47,480 --> 00:14:47,940
real estate.

435
00:14:47,940 --> 00:14:50,100
I think it's a good thing for

436
00:14:50,100 --> 00:14:50,580
tourism.

437
00:14:50,580 --> 00:14:53,200
There are a lot of people in

438
00:14:53,200 --> 00:14:56,460
Alberta that I know personally
that have places in Kelowna that

439
00:14:56,460 --> 00:15:00,580
had that same mentality of like,
we'll go to Kelowna for the summer

440
00:15:00,580 --> 00:15:02,100
until the first fire hits.

441
00:15:02,100 --> 00:15:03,600
And then we might not come back

442
00:15:03,600 --> 00:15:05,760
for the rest of the summer unless
it can be contained.

443
00:15:05,760 --> 00:15:07,380
Those ones were probably the
seasonality of the second one.

444
00:15:07,380 --> 00:15:10,140
And then, yeah, we can talk about
the short -term rentals when you

445
00:15:10,140 --> 00:15:10,360
want.

446
00:15:10,360 --> 00:15:12,020
because i had a property that's a

447
00:15:12,020 --> 00:15:14,820
short -term rental i have a
restaurant in a building that had

448
00:15:14,820 --> 00:15:17,180
short -term rentals above it that
had to convert and then obviously

449
00:15:17,180 --> 00:15:20,280
had multiple other businesses in
the city like i can definitely

450
00:15:20,280 --> 00:15:23,940
speak to my true opinions on the
short -term rental changes let

451
00:15:23,940 --> 00:15:25,660
your true opinions fly immediately
your true opinions fly immediately

452
00:15:25,660 --> 00:15:28,160
Yeah, I mean, so I'm a pretty
transparent guy when it comes to

453
00:15:28,160 --> 00:15:31,860
numbers and things with business
because I don't think there's any

454
00:15:31,860 --> 00:15:32,660
reason to kind of usually hide
back.

455
00:15:32,660 --> 00:15:36,220
But we basically experienced an
over 30 % drop at Diner Deluxe

456
00:15:36,220 --> 00:15:37,580
below, you know, the shores across
from Gyro there.

457
00:15:37,660 --> 00:15:40,260
Like overnight, like almost our
whole drop was May 1 of last year

458
00:15:40,260 --> 00:15:41,280
until August 31 or maybe September
30th.

459
00:15:41,400 --> 00:15:42,640
It was almost all contained in
those months.

460
00:15:42,640 --> 00:15:45,310
The rest of the year, we were kind
of flat.

461
00:15:45,310 --> 00:15:46,910
Actually, we were trending really
well going into it.

462
00:15:46,910 --> 00:15:50,030
And that building at 1 % last
summer, I'm pretty confident was

463
00:15:50,030 --> 00:15:51,470
at 12 % occupancy because they
were converting from a short -term

464
00:15:51,470 --> 00:15:52,470
rental to a long -term rental
building.

465
00:15:52,470 --> 00:15:54,890
So it was very clear and apparent
that like, hey, this isn't

466
00:15:54,890 --> 00:15:56,670
something we're really doing wrong
as operators.

467
00:15:56,670 --> 00:15:58,230
The same chef had a very similar
staff.

468
00:15:58,230 --> 00:16:01,150
We have been able to claw back
some of those numbers this summer.

469
00:16:01,150 --> 00:16:02,710
Same team as well.

470
00:16:02,850 --> 00:16:04,230
So I look back at that $300 ,000

471
00:16:04,230 --> 00:16:05,250
dip and be like, that was...

472
00:16:05,250 --> 00:16:06,870
almost entirely related to short

473
00:16:06,870 --> 00:16:07,290
-term rentals.

474
00:16:07,290 --> 00:16:09,470
I'm sure there was a component of

475
00:16:09,590 --> 00:16:10,350
it related to the fires.

476
00:16:10,350 --> 00:16:11,410
There's a component of it related

477
00:16:11,410 --> 00:16:13,900
to economic, you know, micro and
macroeconomic conditions and

478
00:16:13,900 --> 00:16:14,200
inflationary times.

479
00:16:14,200 --> 00:16:16,660
Overall, I was like, look back at

480
00:16:16,660 --> 00:16:16,840
it.

481
00:16:16,840 --> 00:16:18,240
I go like short -term rentals is

482
00:16:18,240 --> 00:16:18,700
what did that.

483
00:16:18,700 --> 00:16:20,660
And you just look at all these

484
00:16:20,660 --> 00:16:22,960
purpose -built buildings that have
restaurant retail spaces in them

485
00:16:22,960 --> 00:16:26,320
that can't lease them because
they're not allowed to do short

486
00:16:26,320 --> 00:16:27,360
-term rentals currently.

487
00:16:27,360 --> 00:16:28,720
And it's just organic.

488
00:16:28,720 --> 00:16:29,780
To me, it looks abundantly clear.

489
00:16:31,430 --> 00:16:32,630
And there's been some great

490
00:16:32,630 --> 00:16:32,710
studies.

491
00:16:32,710 --> 00:16:34,570
There's a big one out in New York

492
00:16:34,570 --> 00:16:37,010
that was comparing a long -term
building above you as a tenant to

493
00:16:37,010 --> 00:16:37,890
a short -term building.

494
00:16:37,890 --> 00:16:40,490
And Airbnb did the study, so maybe

495
00:16:40,490 --> 00:16:42,490
it's a little skewed in their
favor.

496
00:16:42,490 --> 00:16:47,430
But the end result was like, as an
operator of a restaurant in a

497
00:16:47,430 --> 00:16:50,330
building with short -term rentals,
I should expect two to three

498
00:16:50,330 --> 00:16:53,270
visits a week from each unit.

499
00:16:53,350 --> 00:16:54,810
From a long -term rental building,

500
00:16:54,810 --> 00:16:55,590
it's two to three a month.

501
00:16:55,590 --> 00:16:56,970
So like 75 % traffic down right

502
00:16:57,070 --> 00:16:58,430
there, just if you're relying on
that.

503
00:16:58,430 --> 00:17:03,150
When I go back to my frustrations
on the changes is I never buy my

504
00:17:03,150 --> 00:17:05,869
house in McKinley if I thought
those changes would come into

505
00:17:05,869 --> 00:17:06,030
effect.

506
00:17:06,030 --> 00:17:07,109
I never probably do a restaurant

507
00:17:07,109 --> 00:17:10,339
in a building that has been
approved for short -term rentals

508
00:17:10,339 --> 00:17:10,500
either.

509
00:17:10,619 --> 00:17:12,300
So that's where maybe some of my

510
00:17:12,300 --> 00:17:14,800
bitterness and tone comes from it.

511
00:17:14,800 --> 00:17:16,760
The other one I would say on short

512
00:17:16,760 --> 00:17:18,380
-term rentals that I've just
really seen is obviously the

513
00:17:18,380 --> 00:17:19,119
effect on downtown.

514
00:17:19,119 --> 00:17:21,119
At the end of the day, we were one

515
00:17:21,119 --> 00:17:24,190
of the biggest proponents of the
Meet Me on Bernard program.

516
00:17:24,190 --> 00:17:26,750
We were a huge fan of that.

517
00:17:26,750 --> 00:17:27,490
We loved it.

518
00:17:27,490 --> 00:17:30,330
We really wanted it to get to
where the previous mayor wanted

519
00:17:30,330 --> 00:17:36,190
it, which was that you could have
open alcohol and it could be more

520
00:17:36,470 --> 00:17:37,410
of almost like a European vibe.

521
00:17:37,410 --> 00:17:37,810
We loved that idea.

522
00:17:37,810 --> 00:17:41,070
Last year, I didn't even do the
extended patio at Salt and Brick.

523
00:17:41,070 --> 00:17:45,010
So that, you know, to me, it went
from being this huge positive and

524
00:17:45,010 --> 00:17:47,250
it's just like to actually being a
negative because there was costs

525
00:17:47,250 --> 00:17:48,650
obviously we incurred with those
extended patios.

526
00:17:48,940 --> 00:17:52,200
And I was like, I lost money by
doing that extended patio in 2024.

527
00:17:52,200 --> 00:17:53,080
So in 2025, I opted against it.

528
00:17:53,080 --> 00:17:55,000
So again, we're just not seeing

529
00:17:55,000 --> 00:17:56,540
that downtown traffic like we used
to.

530
00:17:56,540 --> 00:17:58,720
And as mentioned earlier, some of
that downtown traffic, especially

531
00:17:58,720 --> 00:18:01,540
during COVID, was almost a
negative for our city and got us

532
00:18:01,540 --> 00:18:03,500
highlighted on national news a
couple of times.

533
00:18:03,500 --> 00:18:05,240
And I don't know if that's the
change.

534
00:18:05,240 --> 00:18:08,120
We really thought maybe this
summer with the tariffs and stuff,

535
00:18:08,120 --> 00:18:09,680
we would see an upswing.

536
00:18:09,680 --> 00:18:12,460
Yeah, I think we saw some of it

537
00:18:12,460 --> 00:18:12,700
for sure.

538
00:18:12,700 --> 00:18:14,700
Like I said, two of the three

539
00:18:14,700 --> 00:18:16,860
businesses I have in Kelowna are
up.

540
00:18:16,860 --> 00:18:20,760
so you know that is a positive
sign but they're not up to the

541
00:18:20,760 --> 00:18:23,460
levels of two years ago where they
were you know before the fires

542
00:18:23,460 --> 00:18:27,020
before the short -term rentals and
my last comment on the thing is i

543
00:18:27,020 --> 00:18:28,940
just have never understood the
inclusion of like luxury

544
00:18:28,940 --> 00:18:32,200
properties in short -term rentals
at the end of the day i fully

545
00:18:32,200 --> 00:18:35,420
support the idea like most of my
staff relies on you know better

546
00:18:35,420 --> 00:18:38,140
cheaper accommodations most of my
staff are multiple people in a

547
00:18:38,140 --> 00:18:41,320
house or two people sharing a
condo you know like i fully get

548
00:18:41,320 --> 00:18:44,160
that there's a need for let's call
it sub $2 ,000 in our market

549
00:18:44,160 --> 00:18:46,400
housing, but like someone who owns
a $2 million home, they're not

550
00:18:46,400 --> 00:18:47,400
going to take that hit.

551
00:18:47,400 --> 00:18:49,300
And there's not enough people that

552
00:18:49,300 --> 00:18:52,220
are going to take the hit to have
that trickle down effect happen.

553
00:18:52,220 --> 00:18:57,280
So what I saw with that was all
the large groups, the friends that

554
00:18:57,280 --> 00:18:59,040
I have coming in from Calgary.

555
00:18:59,040 --> 00:19:00,420
stop coming because they weren't

556
00:19:00,420 --> 00:19:03,560
going to do six guys or six girls
in a hotel room at the delta grand

557
00:19:03,560 --> 00:19:06,800
and pay more money than they paid
the year before for a you know

558
00:19:06,800 --> 00:19:09,560
five million dollar mansion right
that was my final thought on short

559
00:19:09,560 --> 00:19:13,860
term rentals yeah i mean there's a
ton to back there my question is i

560
00:19:14,040 --> 00:19:17,160
thought the shore was that still
not operating as a short -term

561
00:19:17,160 --> 00:19:19,760
rental building because it's like
a commercial hotel use oh even

562
00:19:19,760 --> 00:19:23,400
their license got i mean there's a
ton to back there my question is i

563
00:19:23,400 --> 00:19:26,040
thought the shore was that still
not operating as a short -term

564
00:19:26,040 --> 00:19:28,120
rental building because it's like
a commercial hotel use even their

565
00:19:28,120 --> 00:19:32,420
license got adjusted or whatever
so i would tell you 1000 when i

566
00:19:32,580 --> 00:19:34,840
went to my landlord for rent
relief when we saw the drop he was

567
00:19:34,840 --> 00:19:38,320
like i'm losing a lot more than
you are casey I think almost like

568
00:19:38,320 --> 00:19:40,080
the narrative that Airbnb is
basically dead here just limits

569
00:19:40,080 --> 00:19:41,620
people's investigation and coming
here in the first place.

570
00:19:41,620 --> 00:19:45,100
Like, oh, why would we go there?
You know, like no one wants to

571
00:19:45,100 --> 00:19:47,400
sniff around for like the 400
units that are available.

572
00:19:47,400 --> 00:19:49,380
And there was 2 ,500 abundantly
available before.

573
00:19:49,380 --> 00:19:51,760
And then, yeah, with the Bernard
Street, like being like Europe,

574
00:19:51,760 --> 00:19:51,980
totally, man.

575
00:19:51,980 --> 00:19:54,060
Like we just got back from Europe

576
00:19:54,060 --> 00:19:58,080
and like that is such a cultural
piece that we're missing here.

577
00:19:58,080 --> 00:19:59,720
Like, why don't you think that's
really taken off?

578
00:19:59,720 --> 00:20:02,420
Because it feels like every year
we're trying to do it.

579
00:20:02,420 --> 00:20:04,100
It just doesn't gain enough
traction to really.

580
00:20:04,100 --> 00:20:10,150
be where it needs to be i'll be
honest like i just think it was a

581
00:20:10,150 --> 00:20:12,630
vision from the previous mayor and
council and it wasn't the similar

582
00:20:12,630 --> 00:20:15,330
vision with the current mayor of
council i think that's as simple i

583
00:20:15,330 --> 00:20:18,050
don't know like there's obviously
some awesome i'll be honest like i

584
00:20:18,050 --> 00:20:20,870
just think it was a vision from
the previous mayor and council and

585
00:20:20,870 --> 00:20:23,990
it wasn't the similar vision with
the current mayor of council i

586
00:20:23,990 --> 00:20:26,350
think that's as simple i don't
know like there's obviously some

587
00:20:26,350 --> 00:20:28,150
awesome big players in the
restaurant game that are still

588
00:20:28,150 --> 00:20:29,310
doing incredibly well in Klona.

589
00:20:29,310 --> 00:20:31,370
And that's why I'll never just

590
00:20:31,370 --> 00:20:32,890
blame all the bigger factors.

591
00:20:32,890 --> 00:20:34,130
Like at the end of the day,

592
00:20:34,130 --> 00:20:36,370
there's new restaurants that have
moved into Klona that are doing

593
00:20:36,370 --> 00:20:36,930
incredibly well.

594
00:20:36,930 --> 00:20:38,930
You know, Ken and Fo, Humo, Ask

595
00:20:38,930 --> 00:20:39,230
Pablo.

596
00:20:39,230 --> 00:20:41,250
You know, Kyle has done just an

597
00:20:41,250 --> 00:20:44,710
amazing job with, you know, all
the projects he has and was

598
00:20:44,710 --> 00:20:36,370
definitely someone I tried to
emulate a little bit by doing

599
00:20:36,370 --> 00:20:39,990
Pretty Not Bad because it was the
first business we did that wasn't.

600
00:20:39,990 --> 00:20:43,310
for tourists i would say salt and
brick and jacks even diner deluxe

601
00:20:43,310 --> 00:20:47,590
being across from gyro in a short
-term rental building they were

602
00:20:47,590 --> 00:20:50,570
all built with the mindset of like
we're gonna get these huge summers

603
00:20:50,570 --> 00:20:53,710
where it's pretty not bad it's
like there's no sports in the

604
00:20:53,710 --> 00:20:57,740
summer like sports are gone so if
your main concept is sports and

605
00:20:57,740 --> 00:21:01,920
you're not pulling a spot it's
plus 38 you know i'm not choosing

606
00:21:01,920 --> 00:21:04,220
a sports bar over a boat or a pool
or something to that effect so but

607
00:21:04,220 --> 00:21:07,440
i think just overall to your
question is like you just you need

608
00:21:07,440 --> 00:21:11,360
a cumulative group of people that
have a collective vision to get

609
00:21:11,360 --> 00:21:11,480
there.

610
00:21:11,580 --> 00:21:12,820
And I haven't really seen that

611
00:21:12,820 --> 00:21:13,520
from downtown Kelowna.

612
00:21:13,800 --> 00:21:14,880
I'll be honest, I'm not really

613
00:21:14,880 --> 00:21:15,900
seeing it in other markets.

614
00:21:15,900 --> 00:21:18,380
The last time we really saw that

615
00:21:18,380 --> 00:21:19,980
of like restaurateurs really
getting together and bonding

616
00:21:19,980 --> 00:21:22,580
together was COVID because we all
had this shared purpose of, you

617
00:21:22,580 --> 00:21:24,180
know, getting government support
and landlord support and all that

618
00:21:24,180 --> 00:21:24,460
stuff.

619
00:21:24,460 --> 00:21:25,760
I haven't really seen that,

620
00:21:25,760 --> 00:21:27,680
whether it be Kelowna or whether
it be abroad.

621
00:21:27,680 --> 00:21:29,960
So I'm sure there's a lot of
restaurants that still work really

622
00:21:29,960 --> 00:21:30,420
closely together.

623
00:21:30,420 --> 00:21:32,220
I have lots of people I reach out

624
00:21:32,220 --> 00:21:32,940
to for advice.

625
00:21:32,940 --> 00:21:34,780
You know, PJ will craft next door

626
00:21:34,780 --> 00:21:35,080
to us.

627
00:21:35,080 --> 00:21:27,420
I talk to him all the time about

628
00:21:27,420 --> 00:21:27,680
things.

629
00:21:27,680 --> 00:21:28,640
You know, I for years talked to

630
00:21:28,640 --> 00:21:30,640
Kyle about a lot of that stuff.

631
00:21:30,640 --> 00:21:31,840
So there's obviously people that

632
00:21:31,840 --> 00:21:33,580
are still thriving, though, which
is a good thing.

633
00:21:33,580 --> 00:21:37,420
But for an idea like what Medium
or Bernard was supposed to be, it

634
00:21:37,420 --> 00:21:39,380
just didn't have enough pull
through, maybe not enough city

635
00:21:39,380 --> 00:21:39,680
support.

636
00:21:39,680 --> 00:21:41,420
And then, yeah, when the council

637
00:21:41,420 --> 00:21:43,820
and mayor changed, it just kind of
was like, OK, we'll keep doing it.

638
00:21:43,820 --> 00:21:45,640
But we're not going to really
invest in it.

639
00:21:45,640 --> 00:21:48,700
And every year, obviously one year
it was 200, 300 and 400 block.

640
00:21:49,020 --> 00:21:51,320
And then it became 200 and 300
block.

641
00:21:51,320 --> 00:21:54,600
And now for the most part, I think
it's still 200 and 300 block, but

642
00:21:54,600 --> 00:21:57,340
it's mainly just the 200 block
that sees any action from it.

643
00:21:57,340 --> 00:21:58,980
And there's just no vibe and
energy.

644
00:21:58,980 --> 00:22:02,400
Like I remember last summer when
my first trip, once we had

645
00:22:02,400 --> 00:22:04,780
extended patio, it was a Tuesday
night or something, but it was

646
00:22:04,780 --> 00:22:05,500
like a ghost town.

647
00:22:05,500 --> 00:22:07,100
Even the summer before there was a

648
00:22:07,100 --> 00:22:08,720
good energy and vibe on a Monday
or Tuesday.

649
00:22:08,720 --> 00:22:11,280
this was like okay no one's
extended patios were even open and

650
00:22:11,280 --> 00:22:13,660
when that kind of stuff happens it
starts to look like a negative

651
00:22:13,660 --> 00:22:16,680
like nobody wants to go somewhere
that's got no customers right yeah

652
00:22:16,680 --> 00:22:20,680
i think it was last summer i went
to earl's it was august but we

653
00:22:20,680 --> 00:22:24,220
went there in the middle of the
week for lunch and we were the

654
00:22:24,220 --> 00:22:28,140
only people in the restaurant so
what on earth is going on here

655
00:22:28,140 --> 00:22:31,740
which is crazy right yeah you just
expect it to be busy every day

656
00:22:31,740 --> 00:22:34,840
from may long to labor day yeah
when we opened in 2017 like i

657
00:22:34,840 --> 00:22:36,820
fully had the conversation i
remembered kyle nixon sharing a

658
00:22:36,820 --> 00:22:40,480
story with me from when he was
still at the el dorado his family

659
00:22:40,480 --> 00:22:43,460
was wants to go somewhere that's
got no customers right yeah i

660
00:22:43,540 --> 00:22:47,240
think it was last summer i went to
earl's it was august but we went

661
00:22:47,240 --> 00:22:49,720
there in the middle of the week
for lunch and we were the only

662
00:22:49,720 --> 00:22:52,440
people in the restaurant so what
on earth is going on here which is

663
00:22:52,440 --> 00:22:55,920
crazy right yeah you just expect
it to be busy every day from may

664
00:22:55,920 --> 00:22:58,250
long to labor day when we opened
in 2017 like i fully had the

665
00:22:58,250 --> 00:23:00,730
conversation i remembered kyle
nixon sharing a story with me from

666
00:23:00,730 --> 00:23:03,870
when he was still at the el dorado
his family was there and he was

667
00:23:03,950 --> 00:23:07,550
sharing a story of the bar that
was in the bottom it's basil and

668
00:23:07,550 --> 00:23:11,110
mint now but cabana then i think
and he just was sharing a story

669
00:23:11,110 --> 00:23:13,810
about how like i think it was like
the two days after september long

670
00:23:13,950 --> 00:23:16,650
they were just like out on the
street and they popped over the el

671
00:23:16,650 --> 00:23:19,050
dorado and be like what is going
on it's like this is toronto you

672
00:23:19,050 --> 00:23:21,490
know literally september long ends
you know have seven months eight

673
00:23:21,490 --> 00:23:24,350
months to figure it all out and to
run a very cost efficient business

674
00:23:24,350 --> 00:23:27,550
and again when i look back at salt
and brick i go like we just didn't

675
00:23:27,550 --> 00:23:30,090
have the summers that were busy
enough to offset the winters that

676
00:23:30,230 --> 00:23:32,530
were slow you know and that's
really what led to the decision to

677
00:23:32,530 --> 00:23:35,050
close that and move forward with
trying to find a new operator for

678
00:23:35,050 --> 00:23:37,810
that spot It's so funny because
we've talked a lot on this podcast

679
00:23:37,810 --> 00:23:40,930
about how Kelowna is like made
city for something like a short

680
00:23:40,930 --> 00:23:41,490
term rental.

681
00:23:41,490 --> 00:23:43,450
We just boom in the summer and

682
00:23:43,450 --> 00:23:44,950
then that off season just turns
into a college town.

683
00:23:44,950 --> 00:23:46,930
So to hear a restaurant person say
that, like, obviously we all know

684
00:23:46,930 --> 00:23:49,970
this, but like to make all your
money in the summer, then be so

685
00:23:49,970 --> 00:23:50,450
affected.

686
00:23:50,450 --> 00:23:51,770
It's kind of crazy.

687
00:23:51,770 --> 00:23:52,230
This went through like this.

688
00:23:52,230 --> 00:23:52,910
Yeah, it just seems so obvious

689
00:23:52,910 --> 00:23:53,050
again.

690
00:23:53,050 --> 00:23:54,570
And there was a couple areas that

691
00:23:54,570 --> 00:23:56,410
could be fixed very easily.

692
00:23:56,410 --> 00:23:57,930
And, and maybe I think it's in

693
00:23:57,930 --> 00:23:58,190
May.

694
00:23:58,190 --> 00:23:59,270
I'm pretty sure like when we get

695
00:23:59,270 --> 00:23:59,550
the.

696
00:23:59,550 --> 00:24:00,830
rental averages and we're well

697
00:24:00,830 --> 00:24:03,470
above the two percent like maybe
colonel will be close to ten

698
00:24:03,470 --> 00:24:06,610
percent with all these buildings
that are are getting completed and

699
00:24:06,610 --> 00:24:08,430
to my knowledge are not getting
occupied you guys would really

700
00:24:08,430 --> 00:23:47,750
know that better than me how many
of those units are being i mean i

701
00:23:47,750 --> 00:23:49,970
can see the retail units aren't
getting rented are the actual

702
00:23:49,970 --> 00:23:52,430
tenants going into you know the
aquas and the water street by the

703
00:23:52,430 --> 00:23:54,570
parks and stuff i don't know i
mean i remember looking at leasing

704
00:23:54,570 --> 00:23:57,930
a space in one water street and
this would have been pre -fire

705
00:23:57,930 --> 00:24:00,450
that same year but pre -fire and i
remember talking to the two

706
00:24:00,450 --> 00:24:03,010
gentlemen who did that project and
the project we're doing was

707
00:24:03,010 --> 00:24:04,170
actually not a full restaurant.

708
00:24:04,170 --> 00:24:06,870
And I just had like one of my

709
00:24:06,870 --> 00:24:08,950
questions to them was just like,
they both lived in the building.

710
00:24:08,950 --> 00:24:10,860
I was like, okay, how often are
you guys here?

711
00:24:10,860 --> 00:24:13,140
And they were like 20, 30 % of the
time.

712
00:24:13,140 --> 00:24:16,320
And right away, I was just like,
how often are the rest of the

713
00:24:16,320 --> 00:24:18,820
people in this building here?
Do you feel like, I mean, this was

714
00:24:19,120 --> 00:24:22,580
my kind of take over the last
couple of years and tell me if I'm

715
00:24:22,580 --> 00:24:24,640
off with you or not, but like, you
know, when provincial legislation

716
00:24:24,640 --> 00:24:27,000
came out and then the city
obviously followed suit and then

717
00:24:27,000 --> 00:24:30,680
actually upped the ante a little
bit and made it more strict.

718
00:24:30,680 --> 00:24:33,340
You know, personally, I felt like
a little bit betrayed, obviously

719
00:24:33,340 --> 00:24:35,940
from both governments, you know,
I'm optimistic that it will swing

720
00:24:35,940 --> 00:24:37,320
back and they'll allow short -term
rentals in certain.

721
00:24:37,320 --> 00:24:40,760
zoned buildings you know how
aggressive they get with it i'm

722
00:24:40,760 --> 00:24:43,900
not sure but like even if they
come back with it i'm still not

723
00:24:43,900 --> 00:24:46,820
really going to trust that they'll
pull that run out again in the

724
00:24:46,820 --> 00:24:48,910
future but as like a business
entrepreneur owner of restaurants

725
00:24:48,910 --> 00:24:52,910
do you think if they did come back
with you know more allowance on

726
00:24:52,910 --> 00:24:55,730
short -term rental would the
confidence come back for your

727
00:24:55,870 --> 00:24:58,110
group of entrepreneurs in cologne
and be like okay We see that there

728
00:24:58,110 --> 00:24:58,890
is an opportunity here.

729
00:24:58,890 --> 00:25:00,590
We're going to go back in all in.

730
00:25:00,590 --> 00:25:03,090
Or are you guys going to kind of
sit on the sidelines?

731
00:25:03,090 --> 00:25:04,610
You know what?
We kind of got screwed over once

732
00:25:04,610 --> 00:25:05,150
on this.

733
00:25:05,150 --> 00:25:06,210
Like we're just not willing to

734
00:25:06,210 --> 00:25:07,370
take that risk again.

735
00:25:07,370 --> 00:25:08,930
as like a More people will adopt

736
00:25:08,930 --> 00:25:12,390
that philosophy that I said about
free not bad and what the next

737
00:25:12,390 --> 00:25:14,390
restaurant group, which is like,
don't build your business based

738
00:25:14,390 --> 00:25:14,650
on.

739
00:25:14,650 --> 00:25:16,050
you know summertime being this

740
00:25:16,050 --> 00:25:18,830
boom you know like build your
business on knowing that it needs

741
00:25:18,830 --> 00:25:22,210
to be sustainable year round and
that if you get a nice up in the

742
00:25:22,210 --> 00:25:25,110
summer even better kind of thing
like don't build your business

743
00:25:25,110 --> 00:25:27,750
based on huge fatios another great
example would be and again i don't

744
00:25:27,750 --> 00:25:30,730
i know a lot of this stuff because
i obviously at one point was very

745
00:25:30,730 --> 00:25:33,770
active and wanting to fully move
to kelowna and do more projects

746
00:25:33,770 --> 00:25:36,630
but like the base space in aqua is
this incredible opportunity and to

747
00:25:36,630 --> 00:25:40,710
my knowledge and i haven't got an
update recently but i drove by it

748
00:25:40,710 --> 00:25:43,870
in a recent trip you guys might
know i don't believe it's been

749
00:25:43,870 --> 00:25:46,990
leased you know and that's the
kind of space that like you could

750
00:25:46,990 --> 00:25:48,770
do an eldorado -esque concept
restaurant concept there but it

751
00:25:48,770 --> 00:25:51,110
would be millions of dollars and
like is somebody willing to do

752
00:25:51,110 --> 00:25:53,130
that I don't know if they are
right now in the current climate,

753
00:25:53,130 --> 00:25:54,630
especially knowing that those
buildings were, for the most part,

754
00:25:54,890 --> 00:25:57,510
purpose -built to be short -term
rentals and to see that big upside

755
00:25:57,510 --> 00:25:57,890
in the summertime.

756
00:25:57,890 --> 00:25:59,150
Yeah, I mean, like my first

757
00:25:59,150 --> 00:26:47,760
experience in Kelowna was staying
in a short -term rental building

758
00:26:47,760 --> 00:26:48,620
for two weeks.

759
00:26:48,620 --> 00:26:49,880
Again, like I just remember the

760
00:26:49,880 --> 00:26:50,760
vibrancy and like everyone's just
there.

761
00:26:50,760 --> 00:26:52,720
How you vacation is just so
different than how you live your

762
00:26:52,720 --> 00:26:54,300
day -to -day life.

763
00:26:54,300 --> 00:26:56,200
So again, you talk about a long

764
00:26:56,200 --> 00:26:56,460
-term rental.

765
00:26:56,460 --> 00:26:58,200
versus a short -term rental like

766
00:26:58,200 --> 00:27:00,680
and you own a restaurant down
below it you're gonna see that you

767
00:27:00,900 --> 00:27:04,460
know and i can only speak for
myself i don't know if you know

768
00:27:04,460 --> 00:27:07,220
shoreline brewing right beside me
has experienced the same situation

769
00:27:07,220 --> 00:27:11,780
as myself but i would be surprised
if it hasn't so taylor you're

770
00:27:11,780 --> 00:27:14,160
asking like basically if the rules
change will people come back but

771
00:27:14,160 --> 00:27:16,400
the funny thing is that even if
the collota changes the rules if

772
00:27:16,400 --> 00:27:18,400
our vacancy ever goes low enough
it just automatically can't do it

773
00:27:18,400 --> 00:27:22,840
yeah i think the only way and i've
had this conversation with my

774
00:27:22,840 --> 00:27:25,460
landlord's representatives at the
shores like basically if the rules

775
00:27:25,460 --> 00:27:28,280
change will people come back but
the funny thing is that even if

776
00:27:28,280 --> 00:27:32,080
the collota changes the rules if
our vacancy ever goes low enough

777
00:27:32,640 --> 00:27:35,260
it just automatically can't do it
i think the only way and i've had

778
00:27:35,260 --> 00:27:37,020
this conversation with my
landlord's representatives at the

779
00:27:37,020 --> 00:27:38,740
shores like they would be far
pressed to reconvert back to short

780
00:27:38,960 --> 00:27:39,520
term rentals.

781
00:27:39,520 --> 00:27:40,780
With that risk of two more years

782
00:27:40,900 --> 00:27:42,060
from now, I'm now going to have
another summer.

783
00:27:42,060 --> 00:27:45,020
where i basically have to start my
whole project and then obviously

784
00:27:45,020 --> 00:27:48,160
during the two years you change
things with your model just like

785
00:27:48,160 --> 00:27:52,670
we change things with our model if
you're not seeing the same volumes

786
00:27:52,670 --> 00:27:56,110
and stuff i chose not to do the
extended patio for them all their

787
00:27:56,110 --> 00:27:59,030
units were fully suited right like
they came fully furnished and

788
00:27:59,030 --> 00:28:01,570
they've moved away from that model
and some of their units right so

789
00:28:01,570 --> 00:28:04,090
now you're talking about buying
new furniture and doing this stuff

790
00:28:04,090 --> 00:28:07,710
and it would be a big investment
so i think if you only had the

791
00:28:07,710 --> 00:28:11,190
promise that hey if it stays above
people set that's the only way i

792
00:28:11,190 --> 00:28:14,170
don't know if that would work what
a loss for kelowna because like

793
00:28:14,170 --> 00:28:19,870
you have people like yourself and
all the other uh like businesses

794
00:28:19,870 --> 00:28:22,470
in kelowna that rely on the summer
boom that are just not going to

795
00:28:22,470 --> 00:28:24,550
embrace it and not going to like
build their businesses around it

796
00:28:24,550 --> 00:28:26,810
and then like you just think like
someone trying to do like a

797
00:28:26,810 --> 00:28:31,350
festival in the summer and it's
like are you gonna do that when

798
00:28:31,350 --> 00:28:33,770
all the businesses around are just
basically pandering to the locals

799
00:28:33,770 --> 00:28:36,740
you know like it just kind of
changes the vibe of it in the long

800
00:28:36,740 --> 00:28:39,820
term yeah don't know if that would
work what a loss for kelowna

801
00:28:39,820 --> 00:28:42,640
because like you have people like
yourself and all the other uh like

802
00:28:42,640 --> 00:28:45,420
businesses in kelowna that rely on
the summer boom that are just not

803
00:28:45,420 --> 00:28:47,800
going to embrace it and not going
to like build their businesses

804
00:28:47,800 --> 00:28:50,940
around it and then like you just
think like someone trying to do

805
00:28:50,940 --> 00:28:54,220
like a festival in the summer and
it's like are you gonna do that

806
00:28:54,220 --> 00:28:56,480
when all the businesses around are
just basically pandering to the

807
00:28:56,480 --> 00:29:00,260
locals you know like it just kind
of changes the vibe of it in the

808
00:29:00,260 --> 00:29:02,700
long term yeah Yeah, I mean, I
think obviously the simple and

809
00:29:02,700 --> 00:29:04,580
quick fix of short term rentals
would be purpose built buildings

810
00:29:04,580 --> 00:29:06,980
being exempt and maybe luxury
homes also being exempt.

811
00:29:06,980 --> 00:29:11,520
I don't think either of those
things would be super difficult to

812
00:29:11,520 --> 00:29:11,720
do.

813
00:29:11,720 --> 00:29:12,980
And you can also just grandfather

814
00:29:12,980 --> 00:29:15,280
purpose built buildings before
2024, even if they weren't

815
00:29:15,280 --> 00:29:17,540
completed and just say, OK,
there's no more of this and people

816
00:29:17,540 --> 00:29:19,780
can change their model like an
omission group has adjusted their

817
00:29:19,780 --> 00:29:21,340
model to more rental based.

818
00:29:21,340 --> 00:29:23,000
And I know that some of the other

819
00:29:23,000 --> 00:29:24,660
big builders would continue to do
the same.

820
00:29:24,660 --> 00:29:13,640
Yeah, to me, such a simple fix.

821
00:29:13,640 --> 00:29:15,680
And not just for us, but all these

822
00:29:15,680 --> 00:29:17,540
other communities, you know,
around BC that rely on tourism.

823
00:29:17,540 --> 00:29:19,780
Again, just giving them, like you
said, the long -term certainty.

824
00:29:19,780 --> 00:29:22,340
And hey, maybe you don't have to
say it's forever.

825
00:29:22,340 --> 00:29:23,800
Maybe there's a commitment that
it's five years.

826
00:29:23,800 --> 00:29:27,930
And then, hey, for a landlord that
says to me that they had, you

827
00:29:27,930 --> 00:29:32,210
know, like an 80 % decrease in
their revenue over a summer.

828
00:29:32,210 --> 00:29:34,530
Okay, if you're changing back for
five years, now that starts to be

829
00:29:34,530 --> 00:29:38,390
like, okay, economically, this
probably makes sense for me to

830
00:29:38,390 --> 00:29:39,650
change my model back.

831
00:29:39,650 --> 00:29:41,210
But it's just for two years, maybe

832
00:29:41,210 --> 00:29:41,410
not.

833
00:29:41,410 --> 00:29:43,110
And again, on the restaurant side,

834
00:29:43,110 --> 00:29:45,070
most of us are signing five to 10
-year leases.

835
00:29:45,070 --> 00:29:46,530
Maybe that's another thought
process for restaurateurs, right?

836
00:29:46,530 --> 00:29:50,850
So I just think the one thing I
believe so strongly in now after

837
00:29:50,850 --> 00:29:53,690
my experiences is like, you know,
the guys and girls who are doing

838
00:29:53,690 --> 00:29:55,370
so great in the restaurant
industry, it's because they're

839
00:29:55,370 --> 00:29:55,970
local.

840
00:29:55,970 --> 00:29:57,090
It's because they're at the

841
00:29:57,090 --> 00:29:58,310
grocery store that you're at.

842
00:29:58,310 --> 00:29:59,310
It's because you see them

843
00:29:59,310 --> 00:29:59,510
everywhere.

844
00:29:59,510 --> 00:30:00,470
And people just inherently...

845
00:30:00,470 --> 00:30:05,760
truly want to support them and you
know i think one of my flaws is

846
00:30:05,760 --> 00:30:08,640
that over time as we talked about
earlier like i've been in colina

847
00:30:08,640 --> 00:30:11,620
less and less you know i was
working so hard to become a local

848
00:30:11,620 --> 00:30:14,940
and i ended up you know kind of
going the opposite way like you

849
00:30:14,940 --> 00:30:17,820
know we talked about airbnbs i had
an airbnb in mexico this summer

850
00:30:17,820 --> 00:30:20,280
and my family chose to go to
mexico instead of colina this

851
00:30:20,280 --> 00:30:24,060
summer because my wife just didn't
want me to be around work all

852
00:30:24,060 --> 00:30:26,560
summer long and it was just like
it was cheaper like i made more

853
00:30:26,560 --> 00:30:29,640
money on my long -term rental and
what it cost me to spend time in

854
00:30:29,640 --> 00:30:30,420
Mexico this summer.

855
00:30:30,420 --> 00:30:31,520
So, you know, like that's an

856
00:30:31,520 --> 00:30:09,460
example of like, obviously I put
most of my money back into Kona's

857
00:30:09,460 --> 00:30:11,980
economy at my own restaurants, but
you know, someone like myself, if

858
00:30:11,980 --> 00:30:13,860
you minus, you know, four weeks
of.

859
00:30:13,860 --> 00:30:16,320
you know, $2 ,000 to $3 ,000
minimum spending at restaurants

860
00:30:16,320 --> 00:30:19,460
and bars, you know, it's $12 ,000
out of the economy just for one

861
00:30:19,460 --> 00:30:21,620
person, one family, you know?
So yeah, again, I think

862
00:30:21,620 --> 00:30:24,560
economically it just makes no
sense, but I do get the other side

863
00:30:24,560 --> 00:30:26,840
of the equation that there needs
to be affordable housing in all

864
00:30:26,840 --> 00:30:28,780
markets and every market does it
differently.

865
00:30:28,780 --> 00:30:30,560
Like I'm not a fan of how
Vancouver does it either.

866
00:30:30,560 --> 00:30:32,350
So, but we can do that on a
different podcast.

867
00:30:32,450 --> 00:30:35,110
I was going to ask you, like, so
you have a restaurant in

868
00:30:35,110 --> 00:30:35,370
Vancouver.

869
00:30:35,370 --> 00:30:36,930
Vancouver's a bigger city.

870
00:30:36,930 --> 00:30:39,730
It wasn't affected the same way.

871
00:30:39,730 --> 00:30:42,150
We have a Greta bar in Gastown,

872
00:30:42,150 --> 00:30:44,710
and I would tell you the short
-term rentals I don't think

873
00:30:44,710 --> 00:30:45,670
affected us at all.

874
00:30:45,670 --> 00:30:46,450
Okay.

875
00:30:46,450 --> 00:30:49,190
That's kind of what I figured.

876
00:30:49,190 --> 00:30:50,530
I mean, the one area that would

877
00:30:50,630 --> 00:30:53,630
have affected us is, like, we all
know the one main group that

878
00:30:53,630 --> 00:30:56,330
benefits from the short -term
rental rules is the hotels.

879
00:30:56,330 --> 00:30:57,590
So there's no question.

880
00:30:57,590 --> 00:30:58,530
Like, I don't know if you guys

881
00:30:58,530 --> 00:31:03,230
have tried to stay in a hotel in
Vancouver in the summer in the

882
00:31:03,230 --> 00:31:06,490
last couple of years, but, like,
ever since they got rid of short

883
00:31:06,490 --> 00:31:09,710
-term rentals, like, or minimized
them to previously licensed ones,

884
00:31:09,710 --> 00:31:12,030
the cost to stay at... any hotel
almost doubled like i couldn't

885
00:31:12,150 --> 00:31:15,230
even tell you guys i got a great
rate a couple of the places we

886
00:31:15,230 --> 00:31:19,170
work with a lot and i travel to a
lot and that great rate was at

887
00:31:19,290 --> 00:31:21,290
least double and was more
expensive than staying in downtown

888
00:31:21,290 --> 00:31:25,430
toronto on a blue jays game night
and you know like right by our

889
00:31:25,430 --> 00:31:28,370
location there and it's just like
and that's been a trend now for i

890
00:31:28,370 --> 00:31:31,270
think three summers in a row so i
think it started shifting even

891
00:31:31,270 --> 00:31:33,810
before georgia rentals but it's
just gotten worse and worse so i

892
00:31:33,810 --> 00:31:36,930
don't really think about going to
vancouver unless i have to in the

893
00:31:36,930 --> 00:31:39,350
summertime anymore Geographically
across Canada, where would be your

894
00:31:39,350 --> 00:31:40,730
optimal spot to open a new
restaurant?

895
00:31:40,730 --> 00:31:42,750
Well, we're opening a Greta bar in
Winnipeg.

896
00:31:42,750 --> 00:31:44,070
I think I'm allowed to say that.

897
00:31:44,070 --> 00:31:45,030
That's going to be an interesting

898
00:31:45,030 --> 00:31:45,430
one.

899
00:31:45,430 --> 00:31:47,470
I mean, we've done incredibly

900
00:31:47,470 --> 00:31:47,650
well.

901
00:31:47,650 --> 00:31:48,650
Obviously we're an Alberta based

902
00:31:48,650 --> 00:31:49,210
company, that brand.

903
00:31:49,310 --> 00:31:50,430
So we've obviously done really

904
00:31:50,430 --> 00:31:54,780
well in Alberta over the years and
we've experienced a lot of success

905
00:31:54,780 --> 00:31:54,960
in Saskatoon.

906
00:31:54,960 --> 00:31:56,240
So yeah, we're hoping that the

907
00:31:56,240 --> 00:31:58,680
Winnipeg one that we do next fall
is a big success.

908
00:31:58,680 --> 00:32:01,360
restaurant wise you know it's such
a debate like the amount of people

909
00:32:01,360 --> 00:32:03,860
that come to either salt and brick
but especially of late just

910
00:32:03,860 --> 00:32:05,940
because salt and brick calgary is
so much bigger i get more people

911
00:32:05,940 --> 00:32:08,800
commenting and so much newer the
amount of people that especially

912
00:32:08,800 --> 00:32:11,120
even hospitality people are like
do this in vancouver do this in

913
00:32:11,120 --> 00:32:13,580
toronto and it's like you know
there's one of those you know

914
00:32:13,580 --> 00:32:16,500
comfort and confidence things you
just have to build over time with

915
00:32:16,500 --> 00:32:19,760
other markets it's funny where i
was this weekend we were in

916
00:32:19,760 --> 00:32:22,500
philadelphia and i was like this
market is incredible so maybe the

917
00:32:22,500 --> 00:32:25,200
next restaurant goes to the us not
to can know donald would like that

918
00:32:25,200 --> 00:32:28,020
yeah yeah donald would like that
and what's the general take i mean

919
00:32:28,060 --> 00:32:31,300
you've kind of touched on this a
couple times obviously being in

920
00:32:31,380 --> 00:32:34,820
alberta but i feel like we've seen
less albertans come here over the

921
00:32:34,820 --> 00:32:36,940
last couple years and like
migration wise yeah we're

922
00:32:36,940 --> 00:32:39,680
obviously not seeing the increase
in population in bc this year yeah

923
00:32:39,720 --> 00:32:42,640
are albertans just kind of staying
around home or are they traveling

924
00:32:42,640 --> 00:32:44,720
elsewhere why i'm seeing so many
cool would that what's the general

925
00:32:44,720 --> 00:32:48,380
take i mean you've kind of touched
on this a couple times obviously

926
00:32:48,380 --> 00:32:50,740
being in alberta but i feel like
we've seen less albertans come

927
00:32:50,740 --> 00:32:53,120
here over the last couple years
and like migration wise yeah we're

928
00:32:53,120 --> 00:32:56,140
obviously not seeing the increase
in population in bc this year yeah

929
00:32:56,220 --> 00:32:58,560
are albertans just kind of staying
around home or are they traveling

930
00:32:58,720 --> 00:33:01,280
elsewhere why i'm seeing so many
cool that's funny i was in a

931
00:33:01,280 --> 00:33:04,080
meeting the other day and the guy
mentioned he went back to bc for

932
00:33:04,080 --> 00:33:07,260
the first time in several years
and he he was upset about some of

933
00:33:07,360 --> 00:33:10,120
the tax stuff and some of the back
and forth things that happened

934
00:33:10,120 --> 00:33:12,180
between our provinces several
years ago and he still harbored

935
00:33:12,180 --> 00:33:14,120
that resentment A lot of it is
affordability.

936
00:33:14,400 --> 00:33:16,560
My most recent trip to Kelowna,
and it was literally the most

937
00:33:16,560 --> 00:33:16,840
beautiful day.

938
00:33:16,840 --> 00:33:18,020
And I like, I texted my wife.

939
00:33:18,020 --> 00:33:19,080
I'm like, this is why I love
Kelowna.

940
00:33:19,080 --> 00:33:20,940
I was like, I literally landed.

941
00:33:20,940 --> 00:33:22,140
I was at the airport, blue skies,

942
00:33:22,140 --> 00:33:24,800
got close down to the water, to
the restaurant.

943
00:33:24,840 --> 00:33:26,400
It's like beautiful water.

944
00:33:26,400 --> 00:33:29,250
You know, it was like mid to late

945
00:33:29,250 --> 00:33:29,390
September.

946
00:33:29,390 --> 00:33:30,950
So I'm like, this is why you live

947
00:33:30,950 --> 00:33:33,050
in like, and that was always my
favorite part about Kelowna and

948
00:33:33,050 --> 00:33:36,890
will continue to be in the long
run is the falls, you know, like

949
00:33:36,890 --> 00:33:39,790
the spring and the fall before it
becomes more touristy.

950
00:33:39,790 --> 00:33:41,810
I've always been in my favorite
times.

951
00:33:41,810 --> 00:33:42,170
Yeah.

952
00:33:42,170 --> 00:33:42,610
All right.

953
00:33:42,610 --> 00:33:44,570
Well, maybe we should get into our
wrap up questions here.

954
00:33:44,570 --> 00:33:46,110
This should be an interesting
question for you.

955
00:33:46,110 --> 00:33:49,110
But if you could buy one property
in the Okanagan in the next 12

956
00:33:49,110 --> 00:33:51,250
months, what would it be?
be?

957
00:33:51,250 --> 00:33:52,410
Short -term rentals allowed or not
allowed?

958
00:33:52,410 --> 00:33:53,290
Currently not allowed.

959
00:33:53,290 --> 00:33:54,250
Honestly, knowing where the

960
00:33:54,250 --> 00:33:57,720
housing market is going and where
it's gone over the last two years,

961
00:33:57,720 --> 00:33:58,940
like I love McKinley.

962
00:33:58,940 --> 00:34:01,120
I think it's such an awesome area.

963
00:34:01,120 --> 00:34:02,520
It's 15 minutes for me.

964
00:34:02,520 --> 00:34:04,080
to pretty not bad on Clement.

965
00:34:04,080 --> 00:34:05,620
Obviously, the amenity center
finally got open last year.

966
00:34:05,620 --> 00:34:06,440
There's the winery coming.

967
00:34:06,640 --> 00:34:08,100
You're just going to see more

968
00:34:08,239 --> 00:34:09,420
stuff go out that way.

969
00:34:09,420 --> 00:34:11,340
I think it's an amazing area.

970
00:34:11,340 --> 00:34:14,199
And I know how much my house has
depreciated since I bought it.

971
00:34:14,199 --> 00:34:17,580
So I'm like, if I could buy at
present prices, I'd buy again in

972
00:34:17,580 --> 00:34:17,719
McKinley.

973
00:34:17,719 --> 00:34:19,360
I would just do it knowing I'm

974
00:34:19,360 --> 00:34:22,710
probably not going to be able to
do short -term rentals there.

975
00:34:22,710 --> 00:34:24,130
That would be the big delta.

976
00:34:24,130 --> 00:34:25,310
And I have no idea.

977
00:34:25,310 --> 00:34:27,110
Again, you guys are the experts.

978
00:34:27,110 --> 00:34:28,750
I have no idea if not doing short

979
00:34:28,750 --> 00:34:31,969
-term rentals in McKinley is part
of why the price has dropped

980
00:34:31,969 --> 00:34:32,230
there.

981
00:34:32,230 --> 00:34:32,929
I'm not sure.

982
00:34:32,929 --> 00:34:34,710
I have no idea how many people.

983
00:34:34,710 --> 00:34:36,790
bought in that area like me with

984
00:34:36,790 --> 00:34:39,889
the mindset of this is a summer
home that i'd like to be able to

985
00:34:39,889 --> 00:34:42,969
visit throughout the year i feel
like some i don't know how much

986
00:34:42,969 --> 00:34:45,230
percentage that is and i don't
know how much that would lead to

987
00:34:45,230 --> 00:34:48,650
uh a drop in the market definitely
been affected like mckinley beach

988
00:34:48,650 --> 00:34:50,920
was definitely affected with that
yeah people have that same mindset

989
00:34:50,920 --> 00:34:56,179
been affected like mckinley beach
was definitely affected with that

990
00:34:56,179 --> 00:34:58,100
yeah people have that same mindset
Casey, if you could give yourself

991
00:34:58,100 --> 00:35:01,160
or your son, when they're 20 years
old, some advice, what would it

992
00:35:01,160 --> 00:35:03,220
be?
My advice always goes back and

993
00:35:03,220 --> 00:35:03,440
forth.

994
00:35:03,440 --> 00:35:06,000
I have a five and a three -year

995
00:35:06,000 --> 00:35:09,940
-old, you know, and my advice to
them when it comes to like their

996
00:35:09,940 --> 00:35:12,520
future is obviously like whatever
you're passionate about, you just

997
00:35:12,520 --> 00:34:53,980
pursue it and pursue it almost
with like an obsessive mentality.

998
00:34:54,159 --> 00:34:57,380
I believe obsession is like a
healthy word at times.

999
00:34:57,380 --> 00:34:59,960
It can definitely go the wrong
way, but it's like whatever it is,

1000
00:34:59,960 --> 00:35:02,140
whether it's sports, whether it's,
you know, art.

1001
00:35:02,140 --> 00:35:04,760
dance whatever my kids are
passionate about like if you're

1002
00:35:04,760 --> 00:35:07,640
passionate about it like that's
what you should pursue don't

1003
00:35:07,640 --> 00:35:10,700
pursue something just because you
think it's the right thing to do

1004
00:35:10,700 --> 00:35:14,460
or or something to that effect and
then i just like i just believe in

1005
00:35:14,460 --> 00:35:16,800
being a good person you know it
sucks sometimes when you are a

1006
00:35:16,800 --> 00:35:19,500
good person you feel like you get
to get advantage of at times but i

1007
00:35:19,500 --> 00:35:22,800
just deep down just be a good
person and good things will happen

1008
00:35:22,800 --> 00:35:26,840
to you yeah i love it what's your
favorite charity or how do you get

1009
00:35:26,840 --> 00:35:31,400
back i love it what's your
favorite charity or how do you get

1010
00:35:31,400 --> 00:35:34,480
back so for the last several years
there's a charity in calgary that

1011
00:35:34,480 --> 00:35:37,880
i joined a while back at the
request of a friend called one

1012
00:35:37,880 --> 00:35:40,900
ball kind of a random one but you
can probably guess what it is it's

1013
00:35:40,900 --> 00:35:43,640
testicular cancer charity so i was
always you know super passionate

1014
00:35:43,640 --> 00:35:46,880
about that i wasn't a survivor
unlike most of the people on our

1015
00:35:46,880 --> 00:35:49,320
board but i just really believed
in a charity that's focus was on

1016
00:35:49,320 --> 00:35:51,200
giving people the opportunity to
have children one day like that

1017
00:35:51,200 --> 00:35:54,360
was a lot of the focus was using
funds so people could you know do

1018
00:35:54,360 --> 00:35:57,640
what needs to be done to ensure
that they can have kids down the

1019
00:35:57,640 --> 00:36:01,680
road but yeah i mean i always lean
For the most part, I always lean

1020
00:36:01,680 --> 00:36:02,600
to anything with kids, anything
with dogs.

1021
00:36:02,600 --> 00:36:03,760
Those are my big ones.

1022
00:36:03,760 --> 00:36:05,480
Right now, my number one charity

1023
00:36:05,480 --> 00:36:06,540
donation is my good friend Zach
Donoranowski.

1024
00:36:06,540 --> 00:36:07,660
He's at MD Motivator on Instagram.

1025
00:36:07,660 --> 00:36:08,800
There's no way you haven't seen

1026
00:36:08,620 --> 00:36:10,060
him if you're on Instagram.

1027
00:36:10,060 --> 00:36:14,080
But like, I can't not donate.

1028
00:36:14,360 --> 00:36:17,760
So he does the crowd funds all the
time to the people that he tries

1029
00:36:17,760 --> 00:36:18,260
to help.

1030
00:36:18,260 --> 00:36:19,780
Like, I cannot not donate to

1031
00:36:19,780 --> 00:36:22,040
anything he does because the
stories are just so emotional and

1032
00:36:22,040 --> 00:36:23,360
they're just amazing.

1033
00:36:23,360 --> 00:36:25,180
And I'm just like, the guy blows

1034
00:36:25,180 --> 00:36:28,500
me away every day with his
generosity and what he's doing for

1035
00:36:28,500 --> 00:36:28,740
the world.

1036
00:36:28,740 --> 00:36:28,780
Nice.

1037
00:36:28,780 --> 00:36:28,940
Nice.

1038
00:36:28,940 --> 00:36:29,460
All right.

1039
00:36:29,460 --> 00:36:32,620
So besides a lot of people going
to pretty, not bad to have a beer

1040
00:36:32,620 --> 00:36:33,880
and watch a football game.

1041
00:36:33,880 --> 00:36:35,140
How can Taylor or a listener help

1042
00:36:35,220 --> 00:36:35,360
you?
Yeah.

1043
00:36:35,360 --> 00:36:39,100
I mean, I think that's the number
one thing I don't ever want to say

1044
00:36:39,100 --> 00:36:41,140
it negatively, but like the amount
of photos I see on my social media

1045
00:36:41,140 --> 00:36:41,300
from.

1046
00:36:41,300 --> 00:36:42,180
Cactus Club in Kelowna.

1047
00:36:42,180 --> 00:36:43,620
And again, local people running
it, local people involved, but

1048
00:36:43,720 --> 00:36:44,240
like supporting the small
independence.

1049
00:36:44,240 --> 00:36:46,380
Like one of the greatest things
that happened in COVID was like

1050
00:36:46,380 --> 00:36:48,960
the larger chain restaurants had
to run at 70 % capacity or

1051
00:36:48,960 --> 00:36:49,980
whatever it was.

1052
00:36:49,980 --> 00:36:51,260
And it forced people to go try

1053
00:36:51,260 --> 00:36:53,180
places for the first time.

1054
00:36:53,180 --> 00:36:54,720
And obviously there was also this

1055
00:36:54,720 --> 00:36:56,560
huge support local movement in
that time as well.

1056
00:36:56,560 --> 00:36:56,700
Yeah.

1057
00:36:56,700 --> 00:36:57,880
if we could channel that positive

1058
00:36:57,880 --> 00:37:00,780
side of what happened through
covid like that would be the way

1059
00:37:00,780 --> 00:37:03,380
so yeah i mean obviously you know
pretty not bad is you know a great

1060
00:37:03,380 --> 00:37:05,900
sports spot it's great spot in
general awesome pizza my managing

1061
00:37:05,900 --> 00:37:09,700
partner there jack harry will take
care of everyone he just even

1062
00:37:04,560 --> 00:37:08,680
started doing 9 30 a
m soccer games at his own decision

1063
00:37:08,680 --> 00:37:12,790
which you know i can't even think
about opening up at 9 30 at my age

1064
00:37:12,790 --> 00:37:16,330
now but uh But yeah, I mean, we do
great with the NFL and the sports

1065
00:37:16,330 --> 00:37:17,410
there, but it's a good spot all
the time.

1066
00:37:17,410 --> 00:37:17,550
Yeah.

1067
00:37:17,550 --> 00:37:19,510
Kind of lucks to me is, I mean, we

1068
00:37:19,510 --> 00:37:21,990
won best brunch in Kelowna the
very first year we opened.

1069
00:37:21,990 --> 00:37:24,990
Haven't been able to get back on
top since, but we're always

1070
00:37:24,990 --> 00:37:25,450
driving for that.

1071
00:37:25,450 --> 00:37:28,650
And yeah, I think the team we have

1072
00:37:28,650 --> 00:37:31,070
at both those spots are amazing.

1073
00:37:31,070 --> 00:37:31,950
And Salton Brick's still available

1074
00:37:31,990 --> 00:37:33,410
for private functions until the
new year.

1075
00:37:33,510 --> 00:37:34,990
So if anyone just misses Salton
Brick, just...

1076
00:37:35,210 --> 00:37:38,710
Give me a call, send me a text,
hit me on social media and I'm

1077
00:37:38,710 --> 00:37:39,250
happy to accommodate.

1078
00:37:39,250 --> 00:37:41,530
How many people can you have a

1079
00:37:41,530 --> 00:37:42,730
salt and brick?
Depends, standing or seated, but

1080
00:37:42,730 --> 00:37:44,070
like between 30 and 45.

1081
00:37:44,070 --> 00:37:44,690
I Nice, nice.

1082
00:37:44,690 --> 00:37:46,490
I might have to heat up for that.

1083
00:37:46,490 --> 00:37:47,510
I also know from personal

1084
00:37:47,510 --> 00:37:48,770
experience that pretty not bad.

1085
00:37:48,770 --> 00:37:49,790
I think Diner Deluxe really

1086
00:37:49,790 --> 00:37:51,410
stepped up in Kelowna during the
fires when everyone was evacuated.

1087
00:37:51,410 --> 00:37:53,850
Yeah, we had some really great
opportunities to do that.

1088
00:37:53,850 --> 00:37:55,430
And we tried our best to really
look after the community.

1089
00:37:55,430 --> 00:37:57,570
And, you know, one of our
partners, Daryl Reuter, he was

1090
00:37:57,570 --> 00:37:57,830
huge with that.

1091
00:37:57,830 --> 00:37:56,450
He was very involved with the

1092
00:37:56,450 --> 00:37:58,070
fire, you know, fire teams and
making sure that.

1093
00:37:58,250 --> 00:38:00,890
those guys were were fed and well
equipped and yeah i mean we

1094
00:38:00,890 --> 00:38:03,250
obviously did our best to take
care of everyone you know whether

1095
00:38:03,250 --> 00:38:05,550
it be a customer whether you know
discounts for customers that were

1096
00:38:05,550 --> 00:38:08,850
evacuated or free food to also
bring in things to the front line

1097
00:38:08,850 --> 00:38:12,310
like yeah that was a that was a
great community again you know

1098
00:38:12,310 --> 00:38:14,770
like it's interesting how not
tragic things but you know bad

1099
00:38:14,770 --> 00:38:18,590
things can happen like covid like
a huge fire just the camaraderie

1100
00:38:18,590 --> 00:38:20,890
and community and again that's one
of those things i would put at the

1101
00:38:20,890 --> 00:38:24,940
top of the list of why i love
colonna outside of the weather and

1102
00:38:24,940 --> 00:38:26,700
just how beautiful it is like
There is a pretty amazing

1103
00:38:26,700 --> 00:38:26,860
community.

1104
00:38:26,860 --> 00:38:27,940
I built so many great

1105
00:38:27,940 --> 00:38:30,280
relationships in my time there,
and I wasn't even a full -time

1106
00:38:30,280 --> 00:38:31,140
member of the community.

1107
00:38:31,320 --> 00:38:33,200
So, yeah, no, I definitely feel

1108
00:38:33,200 --> 00:38:36,360
the community vibes of that city
and just wish there maybe were

1109
00:38:36,360 --> 00:38:38,720
more opportunities for people to
spread the...

1110
00:38:38,720 --> 00:38:40,560
Spread the joy and generosity.

1111
00:38:40,560 --> 00:38:41,560
I love it, love it, Casey.

1112
00:38:41,560 --> 00:38:44,600
It's been awesome talking a little
bit of a different perspective for

1113
00:38:44,600 --> 00:38:44,880
our show.

1114
00:38:44,880 --> 00:38:45,720
We talked about, obviously,

1115
00:38:45,720 --> 00:38:47,320
everybody in real estate, our
restaurateur, entrepreneur on to

1116
00:38:47,320 --> 00:38:49,020
kind of show us that side.

1117
00:38:49,020 --> 00:38:50,280
Super eye opening.

1118
00:38:50,280 --> 00:38:51,840
It's kind of sad what's happened
lately.

1119
00:38:51,840 --> 00:38:54,160
And hopefully we can get this chip
turned around.

1120
00:38:54,160 --> 00:38:54,280
Yeah.

1121
00:38:54,280 --> 00:38:55,660
Again, I only can speak from my

1122
00:38:55,660 --> 00:38:56,040
own experience.

1123
00:38:56,040 --> 00:38:57,700
And, you know, it's been a rough

1124
00:38:57,700 --> 00:39:01,430
couple of years and we've done our
best to make it through.

1125
00:39:01,430 --> 00:39:03,070
And hopefully the other two
concepts can make it through.

1126
00:39:03,070 --> 00:39:03,210
Yeah.

1127
00:39:03,210 --> 00:39:04,890
Well, Blue Jay game is on in about

1128
00:39:04,890 --> 00:39:06,270
an hour and a half.

1129
00:39:06,270 --> 00:39:07,510
So pretty not bad.

1130
00:39:07,530 --> 00:39:07,650
Yeah.

1131
00:39:07,650 --> 00:39:08,910
Maybe I'll head down and watch it

1132
00:39:08,910 --> 00:39:09,130
there.

1133
00:39:09,130 --> 00:39:10,490
Well, you ask for Jack, tell him

1134
00:39:10,490 --> 00:39:13,890
Casey sent you, and I'm sure
there'll be a butter bud light on

1135
00:39:14,730 --> 00:39:15,170
me.

1136
00:39:15,170 --> 00:39:15,430
Awesome.

1137
00:39:15,430 --> 00:39:15,630
Okay.

1138
00:39:15,630 --> 00:39:17,690
Well, thanks again for coming on,

1139
00:39:17,690 --> 00:39:17,930
man.

1140
00:39:18,090 --> 00:39:20,270
I'm looking forward to having you

1141
00:39:20,270 --> 00:39:20,450
back.

1142
00:39:20,450 --> 00:39:20,670
Pleasure.

1143
00:39:20,670 --> 00:39:21,530
Nice officially meeting you both.

1144
00:39:21,530 --> 00:39:22,570
Have a great day, guys.

1145
00:39:22,570 --> 00:39:23,270
Thank you.