Multifamily Housing Investment In Vancouver
The current residential real estate market in Vancouver is currently facing rising interest rates, sky-high prices, and banks tightening their lending requirements. While the British Columbian government has implemented what has been referred to as 'market cooling measures', savvy real estate investors see residential real estate as more than just single-family homes. The demand for rental housing continues to rise while sales of houses, condos and townhomes decrease. Vancouver's Multifamily Housing Status According to PricewaterhouseCoopers, Metro Vancouver's real estate market of commercial multifamily investment looks strong. With a 2.9-percent growth in 2018, the Vancouver economy is predicted to grow another 2.3 percent in 2019 and is attracting investors to the multifamily housing market. Growing Demand Jones Lang LaSalle, international real estate investment firm, predicts that the growing demand for multifamily assets throughout Vancouver shows no si...