Labradoodles do require a moderate amount of exercise. In general, a daily walk is a sufficient amount of exercise. There is individual differences in dogs and energy levels. A standard size labradoodle will requires more exercise and room to run around than a miniature labradoodle. Keep this in mind if you are living in an enclosed space such as an apartment or in a dwelling that does not have a big back yard.
In answer to the question, "Do labradoodles like water?". YES, YES,YES. Most labradoodles love the water. They will seize any opportunity to splash in puddles, swim in dams or lounge in pools of water. The exception to this love of water, is possibly bath time.