2019 Mid-Year Review

Goodman Report

Massive government intervention pulls market down

  • Transactions down 50%; dollar volume down 62%; values down 27%
  • City of Vancouver cap rates up 50% (don’t fret; it’s not as bad as you think!)
  • City of Vancouver trumped by suburbs in new rental construction
  • Development applications stall out on the approval breadline
  • Density incentives lure developers from Vancouver to suburbs

It’s all in our 2019 Mid-Year Metro Vancouver Rental Apartment Review!

Despite the recent slow down in the rental apartment market, we here at Goodman have completed 11 transactions this year worth over $360 million! Notwithstanding the added impediments, the market appears to be finding its footing as buyers advance from the sidelines to make their move.

Goodman Report: 2019 Mid-Year Review
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