Market insights

2024 is proving to be a roller coaster.

It’s time to put an end to the increasingly common – but completely inaccurate – suggestion that the City of Vancouver’s new, denser zoning regulations will chase lower income renters out of the Broadway corridor.

Goodman Commercial is excited to announce that Frontline Real Estate founder Justin Mitchell and his market-topping team of brokers, including Adam Lawrence, Megan Johal, and Sam Taktsang have joined Goodman.

All three levels of government have recently added to the flurry of housing related policy announcements; regrettably, the promise of those policies remains decidedly mixed.

Minimum frontage, towers-per-block, tenure and inclusionary zoning limits lifted

When the provincial government floated the concept of a $500-million taxpayer-financed Rental Protection Fund in early 2023, we had mixed feelings.

From all of us at Goodman Commercial, we are hoping you are off to a happy and healthy start to 2024! With a difficult 2023 behind us, we’re pleased to share market insights, deal highlights and much more in our Year-End Review.

While the government cannot necessarily intervene to make a project viable, it can do a lot to take viability away.

Trading in a higher interest rate environment

The federal government has finally confirmed its intention to remove GST charges on new rental housing, an excellent but critically delayed measure.