
Rental housing: where Seattle thrives, Vancouver stumbles
By Andrey Pavlov, Ph.D., Goodman Report
By Andrey Pavlov, Ph.D., Goodman Report
Suburbs buzz with new rental activity; City of Vancouver sleeps at the wheel
You may hit a home run selling your property as a redevelopment site.
If you own an apartment building, this could be the time when you sell for rental redevelopment.
Spoiler alert – don’t downzone!
Transactions, dollar volume and values decline.
We unearthed something quite telling.
The last 18 months or so would rate amongst the most challenging we’ve seen in almost two decades.
Motion would effectively downzone a number of properties, arbitrarily decreasing their value without consultation with affected landowners.
The Goodman Report has learned from a City of Vancouver planning department employee that a City councillor has filed a motion recommending cancellation of the City’s Secure Market Rental Housing Policy and the deforestation of approximately 10% of Stanley Park which is not being used.
We’ve been publishing market insights in our Goodman Report for decades, which the industry has come to rely on. You can download previous reports from the last few years here.