The Canadian Private Real Estate Podcast: Insights for LPs

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***

Welcome to the Canadian Private Real Estate Podcast, hosted by Justin Smith and brought to you by Hawkeye Wealth.Join us in exploring topics and ideas to help Canadian investors thrive in the private real estate markets, including:Emerging commercial real estate market trends and strategies.Data and what it means for your portfolio.Pros and cons of various investment types and structures.Assessing risk in its many forms, particularly risks unique to private real estate.Our goal is to help investors develop a mort informed perspective of private real estate, and most importantly, make better decisions.*** 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***