In this episode, Steve Jagger sits down with Brad Cartier, President of Blair Capital, to discuss the rising significance of missing middle developments in real estate and how innovative projects are reshaping housing markets in Ontario. With hands-on experience in Rockland, Ontario, Brad shares actionable insights into the challenges and opportunities facing developers in today’s economic landscape.
Building the Future: Brad’s Approach to Real Estate Development
Brad Cartier delves into his journey in real estate, highlighting Blair Capital’s unique focus on missing middle developments. Specializing in underutilized land and gentle densification, Brad’s team creates purpose-built rental properties designed to meet the increasing demand for affordable, multi-unit housing in suburban markets.
From duplexes to 16-unit developments, Blair Capital is strategically positioned to address the housing gap in commuter towns like Rockland, Ottawa, and beyond. Brad emphasizes the importance of sustainable development, offering flexible exit strategies, such as condominiumization, to maximize value for investors.
Creating Opportunities with addy
Brad reflects on his experience with the addy platform, which enabled over 560 investors to participate in Blair Capital’s 16-unit multifamily development in Rockland. He praises addy’s innovative approach to democratizing real estate investment, highlighting the positive interactions he’s had with the addy community through their Discord channel.
To ensure access for everyone, Brad announces plans to reopen the issuance after a minor error in its initial campaign ending time, allowing more investors to participate in this promising project.
Exploring the Ontario Housing Market
A significant portion of the conversation is dedicated to the state of Ontario’s real estate market, particularly in commuter towns around Ottawa. While urban condo markets like Toronto face oversupply and declining rental rates, Brad explains why tertiary markets remain stable and attractive for investors.
He underscores the advantages of purpose-built rentals in suburban areas, where demand outpaces supply, and discusses how upzoning and regulatory changes are shaping future developments. Blair Capital’s focus on adaptable housing models positions them to thrive in this evolving landscape.
Lessons Learned and Future Plans
Brad shares valuable lessons from Blair Capital’s previous projects, including navigating construction delays during COVID-19 and implementing innovative design features like lock-off suites for future flexibility. These experiences have shaped Blair Capital’s approach to new developments, ensuring greater efficiency and adaptability.
Looking ahead to 2025, Brad expresses optimism about the incentives and upzoning policies aimed at increasing housing supply. He predicts a continued focus on missing middle developments as governments prioritize affordability and density.
Why Listen to This Episode?
This episode offers a comprehensive look at the future of real estate development in Canada. Brad Cartier provides practical advice on navigating today’s challenges, from rising interest rates to regulatory shifts, while emphasizing the transformative potential of missing middle developments.
Whether you’re an investor, developer, or simply curious about housing solutions, this conversation provides valuable insights into building resilient and community-focused projects.
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Connect with Brad Cartier
LinkedIn: Brad Cartier
Blair Capital Website: www.blaircapital.ca
Events:
Crowdfunding Strategies for Real Estate Operators: Lunch & Learn – January 20th, 2025
addy After Hours – January 21, 2025
