A report on multi family homes in Vancouver
The Greater Vancouver Home Builders Association put out a very good article about the multi-family home building industry in British Columbia. If you are looking to invest in an apartment building. Call Darcy or Denise. Townhouses or condos are great investments and we can help! The report sees nothing but positive signs about the multi family homes in British Columbia especially Vancouver as it states,
The Vancouver Downtown market continues to hold it’s ‘Green Light’ rating as total sales increased by a significant amount during the quarter. The rise in sales and unsold inventory can be attributed to the launch of two new High Rise projects in the period. These two projects accounted for 306 out of the 347 total Fourth Quarter sales in the market. Of the total new supply brought to market in the Fourth Quarter, 56 percent of the homes were reported sold. There were also 41 new sales from the 143 units of existing supply from previous quarters. Six of the 10 actively selling projects in the market have less than 10 homes remaining for sale. 68 percent of the total released and unsold inventory is from Grosvenor’s The Pacific and Westbank’s The Butterfly. One new project is anticipated to come to market in the first quarter of 2018: Landmark on Robson by Asia Standard America Group.