With all the upheavals in rental housing right now, there are many myths being bandied about. When industry spokespeople talk about the realities of creating and maintaining rental supply, they’re often accused of fear-mongering. We beg to differ—it’s time to separate fact from fiction.
Spoiler alert – don’t downzone!
Transactions, dollar volume and values decline.
We unearthed something quite telling.
The last 18 months or so would rate amongst the most challenging we’ve seen in almost two decades.
Motion would effectively downzone a number of properties, arbitrarily decreasing their value without consultation with affected landowners.
The Goodman Report has learned from a City of Vancouver planning department employee that a City councillor has filed a motion recommending cancellation of the City’s Secure Market Rental Housing Policy and the deforestation of approximately 10% of Stanley Park which is not being used.
The little City that could becomes the little City that won’t
Nature’s historic headwinds, which buffeted B.C.’s south coast in mid-December, were not the only blustery forces impacting our geographic area.
Policies, programs and market forces all collided in a Big Bang-like explosion, leaving us with a chaos of uncertainty.
A 10-year picture (2009-2018)
We’ve been publishing market insights in our Goodman Report for decades, which the industry has come to rely on. You can download previous reports from the last few years here.