2025 Holiday Salute
“Uncertainty” and “caution” defined 2025 in real estate.
If you ask the best and brightest in our industry, they will tell you that “uncertainty” and “caution” defined 2025 in real estate. This year, we decided to lean in anyway.
From expanding our team, continuing to execute on deals for our clients, and actively advocating for the future of housing in this city, we’ve had an exciting year. As we close it out, we’ve taken a moment to reflect on the highs, the lows, and everything in between.
Like 2024, this year proved to be another test of resilience, with waves of unpredictability felt across the industry. Through it all, a few standout themes took shape:
- A shaky economic outlook, with tariffs and trade wars flaring up around the world, impacting consumer and investor confidence
- Inflation has been tamed, fluctuating around the target level all year
- The slow decline in interest rates—we saw cuts early in the year, then a pause mid-year, then more drops in the fall, and another pause in the final Bank of Canada announcement for 2025
- Vancouver’s vacancy now at 3.7%, the highest in over 30 years!
- Rental rates continuing to soften, and landlords having to compete for tenants for the first time in a generation
- Impactful voices coming together to stand up for the housing industry, setting the record straight in the face of “clashing letters” and misinformation spread online
- Reverberations being felt across the province after the Cowichan decision, including questions around the security of fee-simple title
- Increased multifamily and land inventory on the market
- An ongoing surge of court-ordered/receivership sales, with no end in sight
- Policy overload, with developers and landowners struggling to keep up with constantly shifting goalposts
- Developments across the region halted due to financial constraints
- More big-brand real estate companies going through restructuring and layoffs
Even in these challenging times, it’s been a busy year for the team at Goodman Commercial. Here’s what we’ve achieved:
- Sold 21 properties (with 4 of these deals being unconditional!)
- Expanded our multifamily, development land, and investment sales team with the addition of Megan Johal
- Significantly increased our presence in court-ordered/receivership mandates
- Had an all-star lineup of heavy hitters in the industry on the Goodman Report Podcast (Hani Lammam, Richard Littlemore, Kerry Gold, Brent Sawchyn, Michael Audain, and Nelson Skalbania), with a few more high-profile guests already in the queue for 2026!
- Mark Goodman named in Business in Vancouver’s BC500 list of influential business leaders in 2025
- Flew to Toronto to be a panelist at the Canadian Apartment Investment Conference in front of 1,000+ industry professionals, speaking about the “Art of the Deal”
- Megan named by Connect Canada CRE as winner of the Canadian Women in Real Estate Award 2025
- Wrote multiple op-eds that went viral on LinkedIn and across local and national media outlets along with significant press coverage featured in The Vancouver Sun, Globe and Mail, Daily Hive, BC Business, Real Estate News Exchange, Connect CRE, Storeys, Business in Vancouver, CBC and Western Investor
To all our clients and colleagues, thank you for being part of our journey this year and for engaging so thoughtfully with our work, from market commentary to the transactions we help bring together.
As we turn the page to 2026, our team is kicking off the new year with momentum, launching three new listings in North Vancouver and looking forward to building on the success of this year.
Wishing you all a wonderful holiday season and a successful year ahead.
All the best,
Mark, Ian and Megan