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 […]
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, […]
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 […]
New Westminster’s City Council has put forward a motion to try and curb major capital overhauls of older purpose-built rental buildings, ie. renovictions. The premise of the initiative is “Enabling Safe, Secure, Affordable Housing”. The scope of this portion of the agenda includes three points: A rental replacement policy for any new development site that […]
Recently LandlordBC spoke of assessed values of rental buildings, which in turn could render into reduced investments in existing buildings and lead to fewer new developments being made. Read More
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 […]
Rent controls already force Vancouver landlords to follow strict rules, but this is not enough for some tenant advocacy groups pushing a controversial policy they call “vacancy controls.” They argue the right of landlords to charge market rates when a suite becomes vacant is unfair to tenants, and that rents should be maintained at the […]
We have seen a new phenomenon rising in 2016 that is taking the sale of apartment buildings into one of the oldest forms of buying or selling goods and services..the auction. Originally established in 500 B.C, some brokers have rebranded this ancient method of bidding as a modernized way of achieving higher values. One of […]
Six-suite Kitsilano rental building, built in 1947, sold this in July for $750,000 per suite. – NAI Commercial Multi-Family Prices in Vancouver Redefine “Stratospheric Frank O’Brien Western Investor We continue to pioneer pricing to new heights in this ever skyrocketing market. Many of our Buyers have been aggressively bidding on properties that come on the […]
Are Buyers getting priced right out of the apartment building market? Apartment building market prices remain consistently strong all over the Metro Vancouver area due mainly from the limited supply. What constricts or releases that supply is you, the apartment owners. However there are many influences outside of your control that seem to affect most […]