Multi-Family

This is an update on the first of a two-part Western Investor report on ballooning government housing support for the most vulnerable in British Columbia.

Amid a severe housing shortage, the B.C. government is spending $500 million of taxpayer money not to build rental housing, but to stop people who want to build it

Multi-family market conditions ‘not seen since Alberta’s last economic boom,’ says CMHC analyst.

Changes will be needed in 2023 to accommodate high costs, interest rates and competitive government programs to meet immigration and housing targets, builders say

Years after 59 house owners sold their Port Moody lots for development, the 14.8-acre land assembly has closed at $157.2 million – but the project is still not approved

Third-quarter sales dip in B.C.’s multi-family market expected to in be in rear view mirror shortly as interest rates stable and immigration hits stride

B.C. NDP government is removing rental restrictions in residential stratas, which will increase investor interest and the insurance needed by strata groups, critics argue

Concord high-rise project in Burnaby’s Metrotown will include 58 non-market studio suites from 323 square feet

New scheme would turn all condos into rentals and subject the owners to provincial and Vancouver ‘empty home’ taxes if not rented

Even as B.C. home prices decline, Metro Vancouver and Vancouver Island developers appear willing to pay millions of dollars per acre for residential assemblies