Dear Vancouver Council, You don’t have Development Experience, Planning does… and that is okay

Dear Vancouver Council, You don’t have Development Experience, Planning does… and that is okay

By Brandon Harding, Vice President Vancouver has a diligent planning department that is well versed in following detailed guidelines that have been implemented to organize new developments in a way that is both suitable for the community and economically viable based on those guidelines. Our council doesn’t have experience in the development, construction, or building field and […]

The Operating Cost (Gross-Up) Clause

The Operating Cost (Gross-Up) Clause

Why is the Landlord insisting that they can increase costs they will recover as part of their additional rent? Generally, leases are drafted to protect Landlords, and it may be a challenge to know what you can negotiate and what you may have to live within a standard lease. Missing a critical clause can be […]

Buyers’ Edge Sharpens in Multi-Family Rentals

Buyers’ Edge Sharpens in Multi-Family Rentals

By Terry Harding, Senior Vice President As read on Western Investor’s 2019 Investor’s Guide to Western Investing Low loan-to-value ratios and cap rates keep Metro rental apartments a long-horizon strategy The multi-family market is generally seen as one of the safest real estate investment vehicles available, often considered the bond of real estate. A multi-family […]

How the Government Makes Housing More Expensive

How the Government Makes Housing More Expensive

Featuring Brandon Harding on Podcast: The UnReal Estate Show by Keith Roy Keith Roy, Keith and Associates March 31, 2019 We’re quick to judge landlords, developers and owners of multi-family properties here in Vancouver when in reality we need these people if we’re going to solve the housing crisis. With each new tax and each new restriction, […]

BC Assessment Charges Market Rent – So Why Can’t Landlords?

BC Assessment Charges Market Rent – So Why Can’t Landlords?

The battle between affordability and economic feasibility is reaching a climax as landlords are being demonized by tenants and the city continually deflects blame onto property owners. Tenants who do not want to pay market rent for their rental units are crying Wolf in an unjust world that does not allow them to live in […]

Why There Are Unprecedented Premiums on Retrofitted Apartment Buildings

Why There Are Unprecedented Premiums on Retrofitted Apartment Buildings

The term renoviction has become the coined term for any major capital improvements on purpose-built rental buildings; however, soon this will be a word only used for history. With Vancouver poised to set up regulations stipulating strict tenant relocation policies, a court decision allowing tenants to come back into their renovated suite at the previous […]

In Review: BOMA 2017 Office Standards

In Review: BOMA 2017 Office Standards

It has been one year since the release of BOMA 2017 Office Standard, the dominant standard that defines how to measure and calculate the rentable area in office buildings in Canada. Today, we’ll go over the various changes made in the 2017 edition and the overall impact it has on the calculation of rentable square […]