Victoria Real Estate Podcast

Victoria Commercial Real Estate in 2026: What John MacDonald Is Seeing Right Now

Adrian Maclaren

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0:00 | 38:50

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Is now a good time to buy commercial property in Victoria — or a good time to wait? On this episode, Vincent Baart and Cole Swetlikoe sit down with John MacDonald, one of Vancouver Island's busiest commercial real estate brokers, to unpack where the market actually stands.

They dig into which property types are holding strong, which are struggling, and whether vendors are finally coming around on price. John also shares his read on development land and Missing Middle housing — including what most homeowners get wrong about their property's redevelopment potential.

In this episode:

  • John's path into commercial real estate and what's changed since he started
  • Where transaction activity and investor confidence stand today
  • Industrial, retail, office & multifamily — what's performing, what's not
  • Land assemblies and Missing Middle: who's buying, who's waiting
  • The difference between a good investment and a great one
  • Common mistakes newer investors make
  • Where AI and technology fit into real estate's future
  • John's outlook for Victoria commercial real estate through 2027

Plus: a commercial deal John still thinks about, and a quickfire round covering his favourite Island community, go-to restaurant, and best (and worst) investment ever made.

Connect with John MacDonald: 

https://bccommercialsolutions.ca/

https://www.linkedin.com/in/john-macdonald-personal-real-estate-corporation-8069322b/

John@bccommericalsolutions.ca


 Connect with us: CityNest.ca | LinkedIn

Vincent@citynest.ca

Cole Swetlikoe

https://coleswetlikoe.ca/

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