VIDEO: B.C. Multi-Family Market Update – May 2020

May 20, 2020

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.