Multi-Family Investment Market in BC Begins to Stabilize as Prices Slowly Return to Normal Levels
Posted by: admin / Category: BC Real EstateBritish Columbia's multi-family investment market is starting to stabilize as investor confidence grows and prices return to levels seen 18 months ago, according to Avison Young's Q2 2009 BC Multi-Family Investment Report, released today.”The market stumbled through the latter part of 2008 and the beginning of 2009 with barely enough sales to indicate new realistic market pricing,” comments Avison Young Principal Rob Greer. “Now, that seems to have completely changed. The market is currently very active with a sense of renewed confidence on the part of investors.”
Tags: apartment buildings, Canada Mortgage and Housing Corporation, cap rates, capitalization rates, CMHC, finances, Matt Saunders, Michael Brodie, multi-family investment, private investors, refinancing challenges, REITs, rental increases, rental rates, report, reposition, syndicates, vacancy rates
