VANCOUVER, Jan. 30, 2014 /CNW/ - A major shift for the rental industry
is occurring: There is an unprecedented 49 new purpose-built projects
representing almost 6000 new suites on the drawing board throughout
Traditionally, our rental apartment market has had the lowest vacancy
rates in Canada. In spite of our old rental stock averaging 58 years,
tenants having to endure an affordable housing crunch and landlords
faced with heavy capital expenditures, municipal governments have done
little until very recently. But something magical is happening.
Our 2013 - Year-End Review provides an in-depth analysis of the Greater
Vancouver rental apartment building market. We looked at this past
year's performance vs. 2012's and summed up all 2013 building
transactions. Furthermore, we reviewed CMHC's rental market report,
highlighted the emerging trend of new rental construction, commented on
our city councillors' rental policy, proposed innovative designs for
renovating and increasing rental stock and looked at the merits of
renting over buying.
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The Goodman Report has been published for 31 years.
SOURCE: Goodman Report
For further information:
David Goodman, Principal
The Goodman Report