2023 Mid-Year Review
Metro Vancouver’s multifamily market remains challenging, but it’s showing new life despite persistent inflation, interest rate hikes, and rising expenses for developers and landlords.
Category: Newsletter
Will courage trump politics? It’s time to return to predictable annual allowable rent increases
In BC, the increase is typically based on the 12-month average percentage change in the All-Items Consumer Price Index for the province, ending the previous July. Prior to 2019, this formula was CPI + 2%. This formula had been in place since 2000.
Non-profits and new players in the rental real estate market – the ultimate checklist
The main advice to anyone contemplating a move into this form of commercial real estate is the same as in any other major business undertaking: do your homework.
Sold: BC Place air-rights – $505 million
For sale Air-rights sale 777 Pacific Blvd, Vancouver Price $505,000,000 Property type High-density mixed-use development site Lot size 14.13 acres Development potential 27 storeys Zoning BCPED Sale date 04/01/2023 Overview Goodman Commercial Inc. is pleased to announce the landmark air-rights sale at BC Place – 777 Pacific Boulevard in Vancouver. This transaction represents a once-in-a-lifetime … Continued
Vancouver review of Broadway ‘pace of change’ is a litmus test for new City Council
One of the City of Vancouver’s most important rental districts has a vacancy rate of just 0.5% – a negative result of our citywide crisis of housing affordability.
2022 Year-End Review
From everyone at Goodman Commercial, we are hoping you are off to a happy and healthy start to 2023! With 2022 behind us, we’re pleased to share market insights, deal highlights and much more in our Year-End Review.
B.C. Keeps Failing Renters. Stop Blaming Institutional Investors
When it comes to housing, we’ve done one thing well in B.C.—figure out who to blame for our failures.
B.C.’s new leaders: Transformation or more of the same?
This fall, British Columbians saw leadership changes in both municipal and provincial governments. Making good on what they’ve said they’ll do will be intriguing to watch.
Happy holidays from Goodman Commercial
With 2022 drawing to a close, we wish you health, happiness and prosperity this season and in the year ahead. Thank you for your continued support and feedback. We receive so many thoughtful responses to our articles, the statistics we offer, and the listings and sales we have the privilege to be part of. Unique challenges … Continued
Marxism Won’t Solve Canada’s Rental Housing Crisis – Despite What Ottawa Thinks
Solving Canada’s housing crisis shouldn’t require more than a single lesson in economics. When prices are high, a free market always responds and supplies more. Yet amidst Canada’s severe problems of housing affordability, this foolproof mechanism is continually...