Feds’ long-delayed GST waiver on rental housing a welcome relief
The federal government has finally confirmed its intention to remove GST charges on new rental housing, an excellent but critically delayed measure.
Tag: Commercial properties
Capping rental rates – billion-dollar decisions impact rental housing in B.C.
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.
2023 Mid-Year Review
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.
Will courage trump politics? It’s time to return to predictable annual allowable rent increases
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 to speak at Canadian Apartment Investment Conference in Toronto
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
Non-profits and new players in the rental real estate market – the ultimate checklist
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.
Vancouver review of Broadway ‘pace of change’ is a litmus test for new City Council
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.
2022 Year-End Review
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.
B.C. Keeps Failing Renters. Stop Blaming Institutional Investors
When it comes to housing, we’ve done one thing well in B.C.—figure out who to blame for our failures.
B.C.’s new leaders: Transformation or more of the same?
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.