6: Why Rentals Recover Before Condos Do with M3's Matthew Boukall

EPISODE DESCRIPTION

In this episode, we're joined by Matthew Boukall.

Matthew is the Director of Market Advisory at M3 Development Management from Calgary, Alberta, who has over 20 years of experience in real estate research, advisory, and data analytics across Canada, the US, and international markets, and is currently focused on Western Canada's multi-family and industrial markets.

A sought-after market expert and industry leader, Matthew has in-depth knowledge of real estate data, predictive analytics, and real estate strategies, providing insights that help clients identify opportunities, manage risk, and maximize value.

M3 Development Management (M3) is a Calgary-based development team made up of seasoned professionals who have gained both broad-based and specialized, international experience, collectively spanning decades within the development and construction sectors. With more than a decade of delivering excellence, M3 guides clients through every stage of real estate development from vision to execution, with an approach built on trust, precision, and results.

 

Matthew is here to discuss:

→ His journey in real estate, who M3 is, and what they do.

→ The current condo and rental markets in Calgary and Edmonton, including the unique factors that make Calgary the stronger condo market while Edmonton is the stronger rental market.

→ The specific factors lead to the challenges of Vancouver's condo and rental markets, their possible recovery timeline of 18 to 24 months, and if BC reducing DCCs by up to 50% will help with more housing starts.

→ An overview of Calgary, Edmonton, and Vancouver's industrial markets, why the Calgary area has had huge growth in industrial, and what makes industrial hard in Vancouver.

→ The potential impact of the newly announced Delta Port Expansion, with a capacity of up to 2,000,000 additional shipping containers arriving annually, and what that could mean for BC's lower mainland industrial.

→ What separates top developers from the rest and advice for new investors.

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🌎 M3 Development Management Website: ⁠www.m3dm.ca

🔗 M3 Development Management LinkedIn: @M3DM

📸 M3 Development Management Instagram: @m3developmentmanagement

🔗 Matthew Boukall's LinkedIn: @MatthewBoukall

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CHAPTERS

00:00 Intro

0:26 Today's Guest: Matthew Boukall

3:12 Calgary & Edmonton's Condo Market Shifts

6:31 Vancouver's Condo Market Challenges

9:14 The Vancouver Rental Market

10:45 When Will the Vancouver Market Turn Around?

13:26 Will BC Reducing DCCs by 50% Help with Housing Starts?

17:38 Calgary, Edmonton, & Vancouver's Industrial Markets

22:45 Vancouver's Industrial Condo Market

24:34 The Potential Impact of the Delta Port Expansion on Lower Mainland Industrial

28:12 What Separates the Top Developers from the Rest

31:02 Advice for New Investors

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CONNECT WITH THE SHOW

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CONNECT WITH HAWKEYE WEALTH

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🔗 Hawkeye Wealth LinkedIn: ⁠@HawkeyeWealth⁠

📬 Hawkeye Wealth Newsletter: ⁠@Newsletter⁠

💰 Hawkeye Wealth Mortgage Fund Guide: ⁠@MortgageFundGuide⁠

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