Tracy Sherlock, Vancouver Sun
March 7, 2013

Two planned rental apartment buildings that are part of Intracorp’s MC2 project at Marine and Cambie in Vancouver have sold for $27 million to a prominent, private local group with significant rental and commercial holdings, said Mark Goodman, who sold the property with his father David Goodman.

This is the first pre-sale purpose-built rental apartment sale in recent times, said Goodman, commercial realtor, co-founder of HQ Real Estate Services and co-publisher of the Goodman Report. Intracorp is still responsible for building the buildings, Goodman said, and they should be completed in 2015 or early 2016.

Glen Korstrom, Business in Vancouver
February 2013

City pressed to increase affordability by ending low-rise demolition moratorium

Developers are pushing the City of Vancouver to help solve the city’s affordable housing crunch by ending what is effectively a ban on demolishing and rebuilding low-rise rental buildings in the West End.

“It’s a policy that is prejudicial. It’s heavy-handed. It’s punitive and it’s unfair,” said HQ Real Estate Services principal David Goodman, who along with son Mark Goodman also publishes the Goodman Report newsletter. “Many of these buildings are 60 years old and older. They need to be refreshed.”

Kelly Sinoski, Vancouver Sun
February 2, 2013

Surrey has a good start on its City Centre district and work is expected to accelerate.

Tracy Sherlock, Vancouver Sun
January 22, 2013

Prices and total sales are up, but the number of transactions is falling. That’s the picture of Vancouver’s apartment building market, according to the Goodman Report, produced by David and Mark Goodman.

In 2012, both over-all dollar volume and the average price per suite hit record highs, David Goodman said in the report. The number of building sales is down 17 per cent in 2012 from 2011, but Goodman said this is not for a lack of buyers.

Peter Mitham, Business in Vancouver
January 2013

Greater vacancies, greater demand
Vancouver apartment vacancies increased in 2012, according to the latest Canada Mortgage and Housing Corp. (CMHC) report issued last month with figures compiled in October.

The development would be good news if vacancies weren’t still so low compared with demand.
CMHC pegs vacancies in purpose-built rental apartments in the Vancouver CMA – the census area approximately the same as Metro Vancouver – at 1.8% in October 2012, up from 1.4% in October 2011. (For condos, the vacancy rate edged up to a mere 1%.)

The increase happened even as the demand for rental housing increased, according to CHMC’s analysis.