Rental market ripe for development, report says

December 23, 2015 11:00 am

the vancouver sun

METRO VANCOUVER — High demand for rental housing, coupled with low supply and cheap lending, is creating an immense opportunity for developers and investors to cash in on Metro Vancouver’s apartment building market, says a new report.

The Metro apartment building market has experienced a steady increase in demand over the last decade amid rising land values and the increasing cost of home ownership, says the Colliers International report Unlocking Potential: Vancouver’s Multi-family Rental Market.

The result is a spate of new investment in the multi-family rental asset class from private investors, real estate investment trusts, and pension funds, the report says.

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