[vc_row][vc_column width="1/2"][vc_empty_space][vc_column_text] After a slow first half of 2019, investors’ interest and sales activity for multi-family buildings throughout Metro Vancouver and Greater Victoria appears to be bouncing back as a result of extremely attractive interest rates, clarity in governmental policies, lack of supply, and rising rental rates across the region. In 2018, total apartment sales reached a total of approximately $1.4 billion in the Vancouver region. However, for the first half of 2019, apartment transactions have totaled just over $400 million with approximately 41 rental buildings being sold between January and June 2019, which is an indication that we are off pace to match the 110 rental apartment sales that completed overall in 2018. Some of the main factors that contributed to the slowdown in market activity in the first half of 2019 were: Click here to read the full article Checkout the full magazine here[/vc_column_text][/vc_column][vc_column width="1/2"][vc_column_text][/vc_column_text][/vc_column][/vc_row]

[vc_row][vc_column width="1/2"][vc_column_text]Extending beyond the traditional low-rise apartments built between the 1960s – 1980s, our team has transacted several newly-constructed purpose-built rental apartment buildings throughout the Lower Mainland & Greater Victoria markets. The recent softening of the condo market combined with growing demand from institutional investors has contributed to more and more developers considering building purpose-built rental buildings as a less risky, but still profitable alternative. Large institutional companies and REITS are often not concerned by high per-door prices in Metro Vancouver for new rental projects, or by Canada's slim capitalization rates that are often below 3%. Most recently, our team transacted two brand new purpose-built rental apartment buildings in Langley: The 98-Suite Point Apartments for $39 Million, and the 90-Suite Meridian Apartments for $33 Million, both of which were sold to CAPREIT. Check out our video to learn more about the sales process behind these two properties or review our brochure to learn more![/vc_column_text][vc_btn title="Learn More About New Purpose-Built Rental Transactions" color="primary" link="url:https%3A%2F%2Fmultifamilybc.cbrevancouver.com%2Fcode%2Fwp-content%2Fuploads%2F2020%2F05%2FPurpose-Built-Rental-Brochure-Email.pdf||target:%20_blank|"][/vc_column][vc_column width="1/2"][vc_column_text][/vc_column_text][vc_column_text]Check Out Our Recent News Features: Western Investor: Residential REITS - Hungry, Active & Leading the Pack Vancouver Sun: Rental Apartment Investment Investment Bouncing Back[/vc_column_text][/vc_column][/vc_row]

[vc_row][vc_column width="1/2"][vc_column_text]Investors’ appetite to buy rental apartments in the Vancouver region appears to be bouncing back after a first-half to 2019 that saw many buyers waiting on the sidelines amid uncertainty in the market, one brokerage house says. Demand for apartment buildings in the region has been down in 2019, said Lance Coulson, an executive vice-president with CBRE in Vancouver. He said provincial and municipal policy interventions aimed at improving renters’ rights and tamping down renovictions had pushed some potential buyers to the sidelines. “There were a lot of things going on in the market that created some uncertainty,” said Coulson, whose firm recently released its national multifamily overview report. “A number of investors were on the sidelines … wanting to see what 2019 was going to bring.” Continue reading the full article below. Read The Full Article Here [/vc_column_text][/vc_column][vc_column width="1/2"][vc_column_text][/vc_column_text][/vc_column][/vc_row]

[vc_row][vc_column width="1/2"][vc_column_text]Residential Real Estate Investment Trusts (REITs) are leading the REIT sector this year and apparently see opportunity in the Metro Vancouver market that has spooked most residential investors and developers. The strategy of investing in income-producing residential real estate is apparently paying off. A Bloomberg survey released  August 15 showed that the average year-to-date return for REITs involved in the residential sector was 18.6 per cent, blowing past projections of 6 per cent year-over-year yields  for the entire REIT sector. Frank O'Brien at the Western Investor recently reached out to Lance Coulson of the National Apartment Group - BC to discuss the sale of the Point Apartments and the Meridian Apartments, both of which were sold to CAPREIT, one of Canada's leading REITS which has been rapidly acquiring new purpose-built rental apartment buildings in Metro Vancouver. Read The Full Article Here [/vc_column_text][/vc_column][vc_column width="1/2"][vc_column_text][/vc_column_text][/vc_column][/vc_row]