Unlocking Potential: Multifamily

Developers continue to covet Vancouver's multifamily market

Vancouver’s multifamily rental market has experienced a steady increase in demand over the last decade

Amidst escalating land values and the increasing costs of home ownership, the Metro Vancouver multifamily (MFH) rental market has experienced a steady increase in demand over the last decade. This has sparked immense investment growth in the multifamily asset class from private investors to REITs and pension funds.Unlocking Potential: Vancouver Multifamily Report

Over the past 15 years, the supply of purpose-built rental apartment buildings has steadily decreased in Vancouver, primarily as a result of redevelopment into condominiums. Even amidst more recent interventionist policies intended to protect rental housing units, investor demand has surged. CMHC acknowledges that this stress in market supply-demand fundamentals can be seen through vacancy rates. Based on our analysis, investment into the multifamily rental asset can provide many benefits to an owner, including:

  1. High-performing and stable cash flow                                                             
  2. Continual low vacancy rates
  3. Capital appreciation with decreasing capitalization rates
  4. Strong demand from a professional demographic
  5. Growing population

      

> Download the full Vancouver Multifamily Rental Market Report

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