Real estate remains front-page news; from trade tensions and a soft condo market to the implications of BC's Cowichan land claim ruling.

In this follow-up episode, Rob Olsen, Head of Nicola Wealth Private Capital, reconnects with Mark Hannah, Executive Managing Director, Real Estate, to revisit their earlier conversation on valuation pressure and liquidity challenges, exploring what has shifted since then and what investors can expect in 2026.

Mark shares updates on portfolio performance across Canada and the U.S., the state of redemptions, recent asset sales, and early signs of renewed momentum in leasing, transaction activity, and buyer demand, plus how improving risk premiums, geopolitical uncertainty, and evolving trade dynamics are influencing today's opportunity set.

For investors navigating mixed headlines and evolving market signals, this episode provides a clear, measured perspective on where real estate stands today, and how discipline and long-term thinking may position portfolios for the next phase of the cycle.