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.

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