2. MultiFamily

MultiFamily

New Westminster and Port Coquitlam fight against climate protection by restricting property owners from upgrading their buildings, says new data

New Westminster and Port Coquitlam fight against climate protection by restricting property owners from upgrading their buildings, says new data

By Brandon Harding, Vice President New Westminster and Port Coquitlam fight against climate protection by restricting property owners from upgrading their buildings, says new data. A study released by FortisBC shows how minor improvements can lead to reducing emissions by the equivalent of 43,000 gas-powered cars. “The basic upgrades alone reduce domestic hot water energy […]

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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 […]

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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, […]

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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 […]

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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 […]

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Going Once… Going Twice… Not Sold..?

Going Once… Going Twice… Not Sold..?

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 […]

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Multi-Family Prices in Vancouver Redefine “Stratospheric”

Multi-Family Prices in Vancouver Redefine “Stratospheric”

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 […]

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