Peter Mitham, Business in Vancouver
July 10, 2017
The first half of the year is over, and the first numbers bearing out the ongoing strength of investment real estate sales are in.
According to the Goodman team – David and Mark Goodman, and Cynthia Jagger – at HQ Real Estate Services Inc., 87 purpose-built Greater Vancouver apartment blocks sold in 2017’s first six months, down 30% from 124 in 2016’s first half. The aggregate value of the deals was $1.4 billion, 23% higher than in the same period last year.
The sum highlights investors’ willingness to pay for available properties, but the number of deals points to the ongoing lack of properties to buy.
And the investors said one to another, “Let us now go even unto Bethlehem and see this thing which has come to market.”
Or at least that’s the sense from the Goodman team at HQ Real Estate Services Ltd., where Cynthia Jagger is taking the lead on the Bethlehem Lutheran Church listing alongside David and Mark Goodman.
Frank O’Brien, Business in Vancouver
June 13, 2017
Potential changes could affect sales, competition, demolitions
B.C. landlords are watching closely to see if the BC NDP and BC Green Party coalition survives to form the next provincial government and, if so, what it will mean to the tightest rental housing market in Canada.
April 19, 2017
Response to Vision Video: http://www.votevision.ca/renters
With less than a month remaining before the upcoming provincial election, Vancouver’s Mayor Robertson has climbed aboard his party’s soapbox in a recent Vision-sponsored video.
Frank O’Brien, Business in Vancouver
April 4, 2017
Record-setting pace slows as prices push market peak and cap rates plunge
Record-shattering sales of rental apartment buildings have slowed in Metro Vancouver, but analysts say the slowdown could be more a sign of fewer properties available than of flagging demand.
April 1, 2017
For the last 10 years, we at the Goodman Report have railed against the rental housing policies of Metro Vancouver – and in particular the City of Vancouver – relating to the glaringly insufficient new rental stock under construction. The track record of local politicians in creating an environment conducive to purpose-built rental construction had been dismal at best, a travesty at worst.
Frank O’Brien with Christopher Cheung and Pat Johnson, Business in Vancouver
March 21st, 2017
Top land prices have persuaded multiple Metro Vancouver churches to sell out or leverage development with joint venture partners.
A small church in Vancouver’s Mount Pleasant neighbourhood is attracting a lot of visitors this April, but most will be drawn by something other than the Holy Spirit.
Jon Meyer, News Talk 980 CKNW
February 27th, 2017
Bulldozing old three and four storey apartment buildings in established neighbourhoods could cure what ails Vancouver’s dismal rental vacancy rate.
But the city imposed a temporary moratorium on the demolition of old apartment buildings in 2007, but it’s still in place today.
Chuck Chiang, Vancouver Sun
February 27, 2017
Metro Vancouver mayors say homelessness in the region has reached crisis proportions, and the situation may be even more dire in the suburbs and rural areas than in Vancouver.
The latest numbers show that the unsheltered homeless population in Metro Vancouver jumped 26 per cent every year since 2011, and about five people become homeless every week. Today, roughly 4,000 people in the region are in immediate need of housing, the report said. The sobering numbers were released Monday at a press conference announcing the recommendations of Metro Vancouver’s homeless task force to tackle the problem.