Apartment Source - North Vancouver and Burnaby

In this edition, Steve Fame, Dan Chatfield and Jonathan Gee highlight the ongoing demand for apartment buildings in North Vancouver and Burnaby.

North Vancouver has witnessed a surge of investment activity in 2018, as the total year-to-date sales volume has surpassed all of 2017 by nearly 30%. Renovated apartment buildings sales have been the most prevalent, representing 75% of the market transactions in the past 12 months, significantly skewing the sale metrics in North Vancouver. Per-unit values have reached nearly $600,000 and the average capitalization rate increased to 3.67%, year-to-date.

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