On September 11th, 2023, the B.C. government moved for the fifth time in six years to limit the maximum allowable rent increase below the level set out in the government’s own standard.
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.
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.
Mark Goodman, principal at Goodman Commercial Inc., is pleased to announce he will be speaking at and sponsoring the upcoming Canadian Apartment Investment Conference in Toronto, the largest annual conference on multi-family real estate investment in the region. On Wednesday, September 13th, 2023, Mark Goodman will be a panelist at the Canadian Apartment Investment Conference at … Continued
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.
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
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.
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.
When it comes to housing, we’ve done one thing well in B.C.—figure out who to blame for our failures.
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.
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.