EPISODE DESCRIPTION
In this episode, we're joined by Carl Gomez.
Carl is the Chief Economist & Executive Vice President of Research at Centurion Asset Management from the Greater Toronto Area in Ontario, who has over 25 years of experience as a Canadian economist and investment professional, specializing in real estate and capital markets.
Carl began his career at the Canada Mortgage and Housing Corporation (CMHC) before working as a Senior Economist at both RBC Financial Group and TD Bank Financial Group. His career includes senior positions at Bentall Capital, Bentall Kennedy, QuadReal Property Group, and the CoStar Group before joining Centurion in January of 2026.
Centurion Asset Management Inc. is a Canadian asset management company specializing in real estate and other alternative investments. A recognized leader in the space since 2003, Centurion is Canada's largest private REIT, managing over $8 billion in assets.
Carl is here to discuss:
→ His career so far, who Centurion is and how he joined them, and what he does in his day-to-day including working with teams, deal vetting, & road shows.
→ If Canada is in a recession, future expectations for the Canadian economy, including GDP and job growth, and the differences between structural and cyclical issues and their impacts.
→ If we will have a deal with the US soon and AI's potential impact on real estate.
→ What the data is saying about multifamily and the areas in which he's pessimistic, like how we've been building the wrong housing type, and the areas in which he's optimistic, like rent growth being strong in markets where there isn't over-supply.
→ The data set real estate investors should actually be watching, long-term bond yields, because they are the true indicator of capital costs as policy rate decisions by central banks world wide have lagged behind for years, and how they impact interest rates.
→ Why the Bank of Canada will be raising interest rates in the near future and how they have been mismanaged since the start of the Covid pandemic.
→ What is happening with current cap rates for class A multifamily, why long-term institutional and private investors are currently benefitting the most, and what factors could lead to positive rent growth post-2027.
→ Debunking the myth of Canada having a housing supply problem, when it is really an affordability problem.
→ Canada's immigration rebalancing strategy, which is currently in a system correction, with the negative population growth due to exiting non-permanent residents in 2026, that will turn into 1.5% population growth with a rebalanced system post-2027.
→ The most impactful advice he received early on - trust is the essence of investment.
🌎 Centurion Asset Management Website: www.centurion.ca
🔗 Centurion Asset Management LinkedIn: @CenturionAssetMGMT
🔗 Carl Gomez's LinkedIn: @CarlGomez
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CHAPTERS
00:00 Intro
00:26 Today's Guest: Carl Gomez
1:27 Who Are Centurion & How Carl Got There
3:10 Carl's Day-to-Day
4:30 Expectations for Canadian Economy (GDP & Jobs)
6:53 Will We Have a US Deal Soon?
8:08 AI's Potential Impact on Real Estate
11:19 What the Data Says About Multifamily
15:26 When Will the Headlines Change?
17:53 Data Real Estate Investors Should Be Watching
19:35 BoC Will Raise Interest Rates
23:49 Caps Rates for Class A Multifamily
30:25 Canada Has an Affordability, Not a Supply, Problem
32:18 Canada's Immigration Rebalancing Strategy Explained
37:39 One Piece of Advice - Trust is the Essence of Investment
39:05 Wrap-Up
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CONNECT WITH THE SHOW
🎙️ The Canadian Private Real Estate Podcast: www.canadianprivaterealestatepodcast.ca
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CONNECT WITH HAWKEYE WEALTH
🌎 Hawkeye Wealth Website: www.hawkeyewealth.com
🔗 Hawkeye Wealth LinkedIn: @HawkeyeWealth
📬 Hawkeye Wealth Newsletter: @Newsletter
💰 Hawkeye Wealth Mortgage Fund Guide: @MortgageFundGuide
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