Goodman Report
January 25, 2019
The little City that could becomes the little City that won’t
News
Number of purpose-built rental units in Vancouver increased by just 7% since 1990
Kenneth Chan, Daily Hive
January 22, 2019
The volume of purpose-built rental housing stock within the city of Vancouver has grown by just 7.3% since 1990.
This is based on the Goodman Report’s recent breakdown of Canada Mortgage and Housing Corporation data, which indicates the total purpose-built rental stock in Vancouver only increased by 3,960 additional purpose-built rental units in nearly three decades — from 54,170 units in 1990 to 58,130 units in 2018.
B.C. has lost millions to undervalued commercial properties, former assessor says
Kerry Gold, Globe and Mail
January 22, 2019
Recently retired BC Assessment assessor Derek Holloway says that for too long, large commercial properties, often slated for residential density, were being undervalued and money was left on the table. That’s money that could have been going toward funding social housing and affordable housing models, such as co-op housing.
Multi-family market booms as demand chases short supply
Peter Mitham, Business in Vancouver
January 23, 2019
Billions sold
Close to $3 billion worth of purpose-built rental properties changed hands in Greater Vancouver last year, according to the numbers crunched by the Goodman team at HQ Commercial.
The sun will come up tomorrow — believe it
Goodman Report
January 9, 2019
Nature’s historic headwinds, which buffeted B.C.’s south coast in mid-December, were not the only blustery forces impacting our geographic area. Metro Vancouver’s extreme, well-publicized lack of affordable rental housing and difficulties in generating significant new rental options, combined with the increasing militancy of tenant groups aided and abetted by misinformed politicians, meant that equally powerful gusts of a political nature were being directed at rental housing providers. The local apartment industry, made up of developers of purpose-built rentals and owners of older buildings, is very much on edge, increasingly concerned about shrinking returns, an added cumbersome bureaucracy and a not-so-level playing field.
Rental Housing Task Force Recommendations Released
Today, December 12, 2018, Chair Spencer Chandra Herbert and his fellow task force members released their Rental Housing Task Force recommendations as they pertain to the Residential Tenancy Act.
Goodman sets the record straight: 9 myths about Vancouver’s rental market
With all the upheavals in rental housing right now, there are many myths being bandied about. When industry spokespeople talk about the realities of creating and maintaining rental supply, they’re often accused of fear-mongering. We beg to differ—it’s time to separate fact from fiction.
Politics cited as prices of Metro rental buildings fall
Frank O’Brien, Business in Vancouver
December 5, 2018
Landlords fear arrival of new policy that could make it harder to raise rents
Two Metrotown-area apartment properties in Burnaby sold for $43 million
Carlito Pablo, Georgia Straight
December 3, 2018
Two adjacent Burnaby apartment properties near Metrotown have been sold for high-density redevelopment.
Tuesday’s vote will be a test of new mayor and council’s commitment to renters
Michal Rozworski and Derrick O’Keefe, Georgia Straight
December 3, 2018
This Tuesday (December 4), Vancouver city council has a chance to help close down a predatory market in our city: the market for renovictions.