2024 Mid-Year Review
Greetings from Goodman Commercial, and welcome to our 2024 Mid-Year Report. Metro Vancouver’s multifamily market has faced an onslaught of challenges over the past 24 months, but there are signs of brighter days ahead.
In the Report you will find our take on various government interventions, including a grading of how municipalities have responded to provincial Transit Oriented Development mandates, and a counter-productive investment in a property ripe for development.
Plus:
- Non-profit buyers dominate, especially in the suburbs (whopping 50% market share)!
- Sales volumes explode: $890.3 million in sales – up 69% from the first half of 2023
- Frantic pace in June: was it just a blip? We think not
- Broadway Plan unleashed: Just kidding… but maybe we were not so far from reality…
- Goodman Commercial’s sales performance: We have already surpassed all of 2023 with $147 million in sales volume in the first 6 months of 2024, with much more on the way!
And the stats
They’re worth the wait, we promise. Read our “Story behind the stats” column for all the rental numbers and market sales you expect.