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.
Tag: Commercial properties
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.
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.
When it comes to housing, we’ve done one thing well in B.C.—figure out who to blame for our failures.
Mark Goodman and Cynthia Jagger, principals at Goodman Commercial Inc., are pleased to announce they 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 … 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.