The Goodman Report has learned from a City of Vancouver planning department employee that a City councillor has filed a motion recommending cancellation of the City’s Secure Market Rental Housing Policy and the deforestation of approximately 10% of Stanley Park which is not being used.
Goodman Reports Archives
Urgent action required: City of New Westminster moves to arbitrarily downzone and devalue multi-family property
January 25, 2019
The little City that could becomes the little City that won’t
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.
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.
September 28, 2018
This week, the provincial government bowed to pressure from tenant organizations. Without any economic or impact study, the government announced formally its intention to roll back the previously mandated rent increases of CPI plus 2% (equating to 4.5% for 2019) to CPI only. This politically expedient, rushed announcement comes in ahead of the BC Rental Task Force Recommendations Report scheduled for November, whose contents we await with some trepidation.
Here’s the latest Goodman Report, summarizing new purpose-built rentals in the pipeline.
By David Goodman, Vancouver Sun
September 20, 2018
As Metro Vancouver residents gear up for municipal elections, the single most galvanizing issue all voters and politicians can relate to — yet seldom agree on — is housing, especially rental housing.
September 17, 2018
As Metro Vancouver’s residents gear up for municipal elections, the single most galvanizing issue all voters and politicians can relate to, yet seldom agree on, is that of housing—especially rental housing.
April 16, 2018
The market as it relates to multi-family investment can best be described as contradictory.
Frank O’Brien, Western Investor
November 23, 2017
British Columbia landlords, investors, developers and homeowners can expect another robust year for residential price appreciation and income