News
VANCOUVER: Multifamily Dollar Volume Slips
October 25, 2013
Multifamily investment in Vancouver has peaked, according to a new Avison Young report that studied the first half of 2013. AY principal Rob Greer tells us the decline in dollar volume compared to 2012 mostly comes down to a lack of available quality product of scale and a reduction of REIT activity. Of the 17 multifamily deals ($5M-plus) in the first half of 2013 ($154M in total value), just four exceeded $10M. "We are also seeing extended negotiations, which are delaying transactions and are working in the buyer's favor," he says.
