David & Mark Goodman

The final numbers are in! Our latest Goodman Report: 2012 – Greater Vancouver Apartment Building Market Review provides an in-depth analysis of the apartment market. We looked at this past year’s performance vs. 2011 and published the sum total of all 2012 building transactions.

Furthermore, we reviewed CMHC’s rental market report, commented on the emerging trend of new rental construction and offered an alternate strategy for Vancouver’s affordable housing crunch.

Finally, we provided a 2013 market forecast and indulged ourselves with a nostalgic journey down memory lane celebrating 30 years of publishing The Goodman Report.

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David & Mark Goodman, The Goodman Report

Vancouver’s affordable housing initiative recently proposed by Mayor Robertson has triggered heated debate amongst its citizenry, especially those residing in single-family neighbourhoods. While most support the search for financially reasonable solutions to alleviate our well-publicized housing shortages and sky-high costs (amongst the highest in North America), there are those determined not to accept change particularly if it affects them directly.

David & Mark Goodman

For the first 9 months of 2012, 74 rental apartment buildings have sold in Greater Vancouver representing a total of $589.1M in dollar volume, surpassing last year’s 12 month figure of $583.5M.  We estimate this year’s total dollar volume to reach approximately $650M – $750M.

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David & Mark Goodman

Greater Vancouver apartment sales activity for the first six months of 2012 closely mirrored 2011’s performance for the same time period.  So far this year, 53 buildings have traded hands vs. 52 last year; 28 in Vancouver and 25 in suburban areas, while 2011 recorded 24 sales in Vancouver and 28 in suburbia.

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