Cynthia Jagger and Mark Goodman, principals at Goodman Commercial Inc., are pleased to announce they will be speaking at and sponsoring the upcoming Vancouver Real Estate Forum and Canadian Apartment Investment Conference, the largest annual conferences on real estate investment in the region.
Canadian Apartment Investment Conference
On Wednesday, September 16th, 2020, Mark Goodman will be a panelist at the Canadian Apartment Investment Conference. The session is entitled How much investment activity has returned to the multi-residential market following a brief pause earlier in 2020? What does the future hold?
The beginning of the year featured some very strong transaction activity. Then overnight, investment virtually stopped as COVID-19 accelerated and valuations were somewhat affected. It now appears that transactions volumes are returning. Where are cap rates now in various markets? Mark Goodman will provide an overview of notable transactions across Metro Vancouver, while his colleagues will speak to other markets across Canada. Questions regarding how deal flow is anticipated in the continuation of a low interest rate environment will also be examined. For more information and to register for this virtual event, please click here.
Vancouver Real Estate Forum
On Wednesday, September 30, 2020, Cynthia Jagger will be moderating the multi-family panel at the Vancouver Real Estate Forum. The session is entitled The multi-residential market continues to be buoyant with strong demand and low vacancy: But what impact will government policies have going forward? Vacancy in Vancouver’s multi-residential market has continued to be well under 2% as it remains a source of relatively more affordable housing. However, provincial legislation capping rent increases at 2.5% and soaring property taxes have put upward pressure on owners with older buildings that need updating. How is Vancouver’s new Tenant Relocation and Protection Policy impacting the market? Combined with high land and construction costs, will purpose built rental still be feasible? Is condominium development a better alternative? What are investors doing in this market under these conditions? For more information and to register for this virtual event, please click here.
We look forward to seeing you virtually at these events! Please feel free to contact us if you wish to discuss your real estate asset or the market in general.