The Canadian Private Real Estate Podcast: Insights for LPs

EPISODE DESCRIPTIONIn this episode, we're joined by Wendy Waters. Wendy is a real estate research specialist from Vancouver, BC, who has over 20 years of experience in real estate research. Wendy regularly publishes research on LinkedIn, and takes part on podcasts and panels across Canada.From 2006 to 2025, Wendy led the Research Services & Strategy Team at GWL Realty Advisors, where they provided strategic analysis on office, industrial, retail, and multi-residential portfolio strategy across Canada, focusing on the economic, demographic, and social drivers of real estate performance as well as capital flow and market trends that shape returns. Wendy currently volunteers on the steering committee of the Urban Land Institute (ULI) of BC. Until September, 2025, she was also the Co-Chair of the RealPac Research Committee, and a member of the Board of Directors of the Urban Development Institute of BC (UDI). Wendy is here to discuss:→ Her experience in the real estate industry and how AI will change real estate in the future.→ How real estate historically is used as an inflation hedge and the disconnect between how there is a demand for housing, but the current price-points it sits at is not attainable for buyers.→ The old mantra of "growth pays for growth" - how high development charges in BC is leading to younger buyers subsidizing the older, wealthier population of current home-owners when it comes to infrastructure, leading young people hundreds of thousands of dollars behind.→ If Ontario cutting development fees & HST for home buyers have led to greater affordability.→ The impact of less immigration and population decline on housing including the how less non-permanent residents are affecting the rental market, Vancouver's vacancy rates, and renters finally having options.→ The 2 key demographic shifts investors should be aware of, 25-35 year old new permanent residents and the aging Boomers, and where opportunities could be to cater to those populations.→ The 2 risks investors are either over or underestimating, including that there's "too much housing", and the new realities of an interest rate environment where it's stable or increasing as opposed to falling.Wendy Waters's LinkedIn: @WendyWaters***CHAPTERS0:00 Intro0:26 Today's Guest: Wendy Waters4:25 Real Estate as an Inflation Hedge8:32 There is Housing Demand, but the Price is Wrong10:37 Vancouver Vacancy Rate - Renters Finally Have Options15:18 Impacts of Ontario Cutting Development Fees & HST16:38 "Growth Pays for Growth" Mindset Hurting Young Buyers18:40 Impact of Population Decline on Rentals20:04 Impact of AI on Real Estate in the Near Future26:21 Demographic Shifts Investors Should Be Aware Of33:42 Risks Investors are Over/Under Estimating37:11 Wrap-Up*** CONNECT WITH THE SHOW🎙️ The Canadian Private Real Estate Podcast: @CanadianPrivateRealEstatePodcast*** CONNECT WITH HAWKEYE WEALTH🔗 Hawkeye Wealth Website: www.hawkeyewealth.com📋 Hawkeye Wealth LinkedIn: @HawkeyeWealth📬 Hawkeye Wealth Newsletter: @Newsletter💰 Hawkeye Wealth Mortgage Fund Guide: @MortgageFundGuide***

In this episode, we're joined by Jordan MacDonald. Jordan is the Founding Partner & CEO of Fabric Living from Vancouver, BC, who's career in the real estate industry spans over 20 years.Jordan began as a Junior Analyst at CBRE, followed by 5 years at Cushman and Wakefield as a Sales and Leasing Broker. He then co-founded Frontline Real Estate Services, a multi-disciplinary commercial real estate brokerage based in the Fraser Valley, spending 5 years building Frontline into a market leading commercial real estate brokerage in the Fraser Valley Region before exiting to follow his passion to be a real estate investor and developer. Jordan founded Fabric Living in 2015, and along with leading the team and overseeing all aspects of the business, his key responsibilities at fabric include sourcing new acquisition opportunities, project envisioning, capital raising, nurturing strategic partnerships and planning Fabric’s future.Jordan is here to discuss:→ His journey in real estate so far, co-founding Fabric Living, and the meaning behind their slogan, "not boring".→ Trends in the Vancouver multi-family development market including condos, CMHC, and the effects of government and immigration policies.→ If developers are leaving the lower mainland, the questions surrounding Vancouver's rental rates, and the future of the area's housing supply.→ 3 strategies he's using to respond to market trends involving condos, townhomes, and low-risk, high-reward deals.→ What he's most optimistic about in the current market and the implications of AI on real estate development.→ The grit required to survive the tough markets and the best early career advice he received - the harder you work, the luckier you'll get.Fabric Living Website: www.fabricliving.caJordan MacDonald's LinkedIn: @JordyMacDonald***CHAPTERS0:00 Intro1:34 Fabric Living & Jordan's Journey4:38 Fabric's "Not Boring" Slogan6:14 Developer Market Trends9:10 3 Strategies for the Current Market14:08 Developers Looking Elsewhere18:13 Gritting Out the Tough Markets20:59 Most Optimistic in the Market/Vancouver Rental Rates25:51 AI's Impact on Real Estate Development30:08 Best Early Career Advice*** CONNECT WITH THE SHOW🎙️ The Canadian Private Real Estate Podcast: @CanadianPrivateRealEstatePodcast*** CONNECT WITH HAWKEYE WEALTH🔗 Hawkeye Wealth Website: www.hawkeyewealth.com📋 Hawkeye Wealth LinkedIn: @HawkeyeWealth📬 Hawkeye Wealth Newsletter: @Newsletter💰 Hawkeye Wealth Mortgage Fund Guide: @MortgageFundGuide***