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Multi-Family

Multi-family sales dip amidst government intervention

Multi-family sales dip amidst government intervention

A new report shows a 23 per cent decrease in Metro Vancouver apartment sales and cautions that municipal intervention may hinder the proposed new supply

Vancouver multi-family investment on pace to surpass 2016 values

The majority of multi-family investment for the first half of 2017 has taken place in Vancouver, while Calgary and Edmonton activity lags far behind
Edmonton rental market: Tenant demand increases, buyer investment decreases

Edmonton rental market: Tenant demand increases, buyer investment decreases

A new market report analyzing the multi-family sector during the first half of 2017 shows a tightening vacancy rate by a sharp decrease in transaction dollar volume
Apartment transaction values increase up to 63 per cent

Apartment transaction values increase up to 63 per cent

A new mid-year report from the Goodman team shows a decrease in apartment sales and multi-family sites selling at a premium for potential redevelopment

Offshore investors represent a small fraction of recent homebuyers

Results from a year-long period of realtors' polls conducted by REBGV shows foreign buyers do not dominate the residential market
UDI: Metro Van multi-family stock hits historic low

UDI: Metro Van multi-family stock hits historic low

Supply of new, move-in-ready townhome and condo units is remarkably scarce, especially within Vancouver city limits
Bill 40 condo sellers ‘hit the lottery’

Bill 40 condo sellers ‘hit the lottery’

Greater Vancouver strata owners are profiting from a recent bill that allows entire complexes to be sold with 80 per cent strata council approval
New city-approved rental unit rents average $1,837

New city-approved rental unit rents average $1,837

The City of Vancouver has approved construction of nearly 200 affordable housing units in East Van - starting at $1,256 a month for a studio suite
Coquitlam condo owners profit from Strata Property Act sale

Coquitlam condo owners profit from Strata Property Act sale

Two complexes on North Road sold for $416K per suite - a windfall considering owners were facing expensive repair costs
Limited supply or ebbing demand: Metro Vancouver apartment sales decline

Limited supply or ebbing demand: Metro Vancouver apartment sales decline

Rental building sales have weakened as cap rates plunge and dollar volumes drop 54 per cent