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RENX: B.C. apartment investment market is breaking records
[vc_row][vc_column width="1/2"][vc_column_text][/vc_column_text][/vc_column][vc_column width="1/2"][vc_column_text] Featured on the Real Estate News Exchange (RENX)   Total sales volume for apartment buildings throughout Greater Vancouver and Greater Victoria in the first six months of this year has already far surpassed the yearly average and shows no signs of slowing. “We’ve always been around from $1.2 to $1.4 billion and, halfway through this year, we’re almost at $2 billion,” Lance Coulson, executive vice-president of CBRE’s National Apartment Group for British Columbia, told RENX. “We could potentially hit $3 billion by the time we end the year.” Coulson was one of the CBRE executives who compiled a mid-year report which shows there were 97 transactions comprising 4,412 units and valued at $1.92 billion through June. That compares to 84 deals for $1.12 billion for all of 2020 and 98 transactions for $1.2 billion throughout 2019. There are a number of factors contributing to the current market activity, according to the report. Continue reading the article here[/vc_column_text][/vc_column][/vc_row]
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October 19, 2021

Vancouver Sun: Two Ontario-based real estate investment trusts announced their $292.5 million purchase of 15 rental apartment buildings
[vc_row][vc_column width="1/2"][vc_column_text][/vc_column_text][/vc_column][vc_column width="1/2"][vc_column_text] Featured on Vancouver Sun   Two Ontario-based real estate investment trusts announced their $292.5 million purchase of 15 rental apartment buildings in Vancouver’s West End, South Granville, West Point Grey, Kitsilano and Marpole areas. Ottawa’s InterRent REIT and Toronto’s Crestpoint REIT said in a news release that they’re under contract to buy the portfolio of older rental buildings, which include a total of 614 units. The companies expect the sale to close Jan. 28, 2021. The deal comes as commercial brokers have said that real estate investment trusts, and other financial companies that make investments so they can pay shareholders, are increasingly interested in buying rental apartment buildings in Vancouver and B.C., and there is an accelerating trend away from mom-and-pop or larger, family run company landlords. Continue reading the article here[/vc_column_text][/vc_column][/vc_row]
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October 19, 2021

Real Estate Services & Marketing Specialist Job Opportunity
[vc_row][vc_column][vc_single_image image="4396" img_size="full" alignment="center"][vc_column_text]We are looking for a real estate marketing professional to join our high performing National Apartment Group-BC team working from our office’s in Downtown Vancouver. If you're looking for an exciting career opportunity in the commercial real estate field and enjoy working with people in a team environment, I would encourage you to click on the link below and review the job posting! https://careers.cbre.com/en_US/careers/JobDetail/Real-Estate-Services-Coordinator/23543 Should you have a friend or associate that may be a candidate, please forward the post to their attention.[/vc_column_text][/vc_column][/vc_row]
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July 15, 2021
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VIDEO: CBRE Vancouver Market Outlook – Multi-Family Update
[vc_row][vc_column width="1/6"][/vc_column][vc_column width="2/3"][vc_video link="https://vimeo.com/481882997" align="center"][/vc_column][vc_column width="1/6"][/vc_column][/vc_row][vc_row][vc_column width="1/6"][/vc_column][vc_column width="2/3"][vc_column_text]Multi-Family Market Overview I was pleased to participate and provide an overview of the Multi-Family Market at our annual Vancouver Market Outlook (virtual) event. 2020 has been a challenging year for Commercial Real Estate, however, one of the real bright spots has been multi-family properties and how resilient their cash flows have proven to be throughout the course of the Pandemic despite concerns regarding rent collection and new government regulations. Both private and institutional investors have taken notice and are looking at multi-family as a reliable defensive asset class with many currently canvasing the market for opportunities. Pricing for rental properties has now largely returned to pre-COVID levels and with insulated fundamentals and cheap debt the sector is very strongly positioned going into 2021. If you missed the market outlook event, click here to watch the full webinar. [/vc_column_text][/vc_column][vc_column width="1/6"][/vc_column][/vc_row]
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November 20, 2020
CBRE Multi-Family Outlook
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VIDEO: Purpose-Built Rental Market Update – Part 1
[vc_row][vc_column width="1/6"][/vc_column][vc_column width="2/3"][vc_video link="https://www.youtube.com/watch?v=Ba-h_lwRGrY&feature=youtu.be" align="center"][/vc_column][vc_column width="1/6"][/vc_column][/vc_row][vc_row][vc_column width="1/6"][/vc_column][vc_column width="2/3"][vc_column_text]Our team recently connected with 4 well-respected Developers to get their thoughts on the current state of the purpose-built rental market in British Columbia: Tim Grant, PCI Developments Chad Davidson, Traine Construction and Development Dale Regehr, Tannin Developments Ravi Mann, Isle of Mann Property Group In part 1 of our multi-part video series, we take the time to get to know each of these developers and what some of their notable projects are, how COVID-19 has impacted their current projects, and some thoughts on how the pandemic may change rental developments in the future. Stay tuned for part 2, coming soon![/vc_column_text][/vc_column][vc_column width="1/6"][/vc_column][/vc_row]
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August 25, 2020
video

VIDEO: B.C. Multi-Family Market Update – May 2020
[vc_row][vc_column width="1/6"][/vc_column][vc_column width="2/3"][vc_video link="https://youtu.be/VAM4GNc_qS8" align="center"][/vc_column][vc_column width="1/6"][/vc_column][/vc_row][vc_row][vc_column width="1/6"][/vc_column][vc_column width="2/3"][vc_column_text]When the COVID-19 pandemic hit Canada, Apartment owners and investors were unsure about how the asset class would fare in the face of uncertainty. However, multi-family has proven to be the most resilient asset class across the board. Rent collection in April was as high as 97% across Canada (95% in B.C.), with May rent collections predicted to be in-line with April, thanks in part to the Government programs which have helped many renters hit hardest by this pandemic. We've also spoken to a number of private and institutional investors, and the sentiment across the board has been positive in that many are still continuing to plan for future acquisitions of apartments & development land.  With steady cash-flow, record low interest rates, and financing still available for the multi-family sector, investors are going to be looking towards multi-family assets more and more as we come out of this pandemic. [/vc_column_text][/vc_column][vc_column width="1/6"][/vc_column][/vc_row]
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May 20, 2020

First National Commercial Real Estate Podcast
[vc_row][vc_column width="1/6"][/vc_column][vc_column width="2/3"][vc_single_image image="3989" img_size="full"][/vc_column][vc_column width="1/6"][/vc_column][/vc_row][vc_row][vc_column width="1/6"][/vc_column][vc_column width="2/3"][vc_column_text]I recently had the exciting opportunity to participate on First National's Real Estate Podcast on June 16, 2020 with Aaron Cameron and Adam Powadiuk. Some of the topics we discussed include: What was transpiring in Vancouver’s real estate market in 2019 Decoupling of income and rent levels Current required price/rent for purpose-built to make sense Valuations during COVID-19 and where they are headed The strata wind-up strategy How clients are adapting to a changing insurance world What Lance sees happening over the next 60 to 120 days Lance’s rent forecasts Potential first-time home buyers in Vancouver being forced to rent New builds versus old stock The sub-market in Vancouver that Lance would invest in The bright future for Vancouver [/vc_column_text][vc_btn title="Listen to the Full Podcast" color="green" size="lg" align="center" link="url:http%3A%2F%2Fcommercialrealestatepodcast.com%2Flance-coulson-cbre%2F||target:%20_blank|"][/vc_column][vc_column width="1/6"][/vc_column][/vc_row]
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June 19, 2020

Owning and Managing Multi-Family Rental Properties During COVID-19
[vc_row][vc_column][vc_empty_space height="15px"][/vc_column][/vc_row][vc_row][vc_column width="5/6"][vc_column_text][/vc_column_text][vc_empty_space][vc_column_text] Presented by Canadian Real Estate Forum With April in the review mirror, what is instore for the Multi-Residential sector over the next few weeks and months? From insights into operations, communications and management during the current Pandemic, our esteemed panel of industry executives will discuss opportunities and challenges facing the industry today. We will also ask the panel how they see a return to normal and what is the roll-out as distancing eases. We are honored to host this extremely important conversation and provide some clarity during these times.[/vc_column_text][vc_btn title="Click to Listen to the Recording" color="peacoc" link="url:https%3A%2F%2Fconsole.on24.com%2FeventRegistration%2FEventLobbyServlet%3Ftarget%3Dreg20.jsp%26referrer%3Dhttps%253A%252F%252Fwww.realestateforums.com%252Fportal%252Fen%252Fwatch%252Fwebinars.html%26eventid%3D2313414%26sessionid%3D1%26key%3DFB8FEAC7CDAB0B87282C608C8DE1CDE9%26regTag%3D%26sourcepage%3Dregister||target:%20_blank|"][/vc_column][vc_column width="1/6"][/vc_column][/vc_row]
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May 13, 2020

Reopening the World’s Workplaces For Today, Tomorrow, and the Future
[vc_row][vc_column][vc_empty_space height="15px"][/vc_column][/vc_row][vc_row][vc_column width="5/6"][vc_column_text][/vc_column_text][vc_empty_space][vc_column_text]On May 5th, CBRE hosted experts from Johns Hopkins University, JPMorgan Chase and PGIM Real Estate for a roundtable discussion, as we continue to navigate COVID-19 and help our clients prepare for reopening their workplaces. Insights were shared on a broad range of public health, workforce and workplace topics as well as CBRE’s approach as we plan to reopen our offices around the world. The reopening process is challenging and complex. Because we are dealing with an evolving global public health situation, it demands new types of expertise, collaboration and communication—and perhaps most important—leadership in managing change. Our workplaces—and the communities they support—are inherently connected. We are all in this together, and can benefit from sharing expertise and first-hand experience.[/vc_column_text][vc_btn title="Click to Listen to the Recording" color="peacoc" link="url:https%3A%2F%2Fwww.cbre.us%2Fresearch-and-reports%2FCBRE-Expert-Roundtable-Flash-Call-May-5%23video||target:%20_blank|"][vc_btn title="Click to Download Recording Summary" color="green" link="url:https%3A%2F%2Fwww.cbre.us%2F-%2Fmedia%2Fcbre%2Fcountryunitedstates%2Fus-research%2Fcovid-19-flash-call%2Fexpert-roundtable-flash-call-may-5%2Fmay-5-recap-key-takeaways-final.pdf%3Fla%3Den||target:%20_blank|"][/vc_column][vc_column width="1/6"][/vc_column][/vc_row]
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May 11, 2020
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