2014 is a “bullish breakout year” for Vancouver condo investments
There’s another glowing endorsement of the Vancouver condo market, this time from father and son realtors David and Mark Goodman who call the year so far a “bullish breakout” in their latest report. The Goodmans say that real estate investors are keen to find older multi-family properties with retrofit opportunities. Their prediction is that 125 apartment buildings will sell in the city by the end of the year with sales for the first half of 2014 up 36 per cent on last year. With the rental market having low vacancy rates and that sector predicted to grow as the younger demographic choose not to buy, or are unable to.