{"id":26404,"date":"2025-09-09T11:11:38","date_gmt":"2025-09-09T18:11:38","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=26404"},"modified":"2025-09-08T16:04:21","modified_gmt":"2025-09-08T23:04:21","slug":"apartment-buildings-downward-trend-in-values-continues-amid-uncertainty","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2025\/09\/apartment-buildings-downward-trend-in-values-continues-amid-uncertainty\/","title":{"rendered":"Apartment Buildings Downward Trend in Values Continues Amid Uncertainty"},"content":{"rendered":"<p style=\"text-align: justify;\">The rental apartment investment market receded in Metro Vancouver in the first half of 2025, with far lower transaction and dollar volumes, particularly in the suburbs, says a new report.<\/p>\n<p style=\"text-align: justify;\">Sales volume in the first half was down 40% from the same period in 2024 to $537.3 million, while the number of transactions fell 46% to 32 transactions, according to Tuesday&#8217;s mid-year Goodman Report from broker Goodman Commercial Inc.<\/p>\n<p style=\"text-align: justify;\">The drop-off in activity was concentrated in the suburbs, where just six properties totalling $128.4 million traded hands, compared with 31 properties totalling $461.7 million in the first half of 2024. Transactions and dollar volume fell 81% and 72%, respectively.<\/p>\n<p style=\"text-align: justify;\">\u201cThe suburban transaction level was the lowest in over 20 years; even during the height of the COVID pandemic and 2008 global financial crisis, there were more than twice as many sales,\u201d said the report.<\/p>\n<p style=\"text-align: justify;\">The City of Vancouver saw greater activity, recording 26 transactions totalling $408.9 million, down 7% and 5%, respectively, from the first half of 2024.<\/p>\n<p style=\"text-align: justify;\">The report also noted the following :<\/p>\n<p style=\"text-align: justify;\">\u2022 New construction continued to play an outsized role, accounting for 64% of total dollar volume, with an average deal size of $42.9 million compared with $8.1 million for legacy buildings;<\/p>\n<p style=\"text-align: justify;\">\u2022 Government and non-profit buyer activity returned to historical norms, accounting for three transactions compared with 14 transactions in the first half of 2024;<\/p>\n<p style=\"text-align: justify;\">\u2022 The Metro Vancouver buyer profile was 74% private, 18% institutional and 9% government and non-profit.<\/p>\n<p style=\"text-align: justify;\">\u201cThere\u2019s been a continued downward trend in values,\u201d said Mark Goodman, principal of Goodman Commercial Inc., ahead of the report\u2019s release.<\/p>\n<p style=\"text-align: justify;\">\u201cWe sold a couple buildings in Marpole that are hovering around $240,000 to $250,000 a unit, which was a pretty deep discount from where it was selling three years ago, and even a year ago,\u201d Goodman said.<\/p>\n<p style=\"text-align: justify;\">\u201cSame thing in the West End. We just sold a building, nobody was interested until we dropped the price to $245,000 a door. That is really, really cheap.\u201d<\/p>\n<p style=\"text-align: justify;\">The report forecasts a \u201cmuch busier\u201d second half, with deals still possible in a \u201ccomplex\u201d and \u201cnuanced\u201d environment where neither sellers nor buyers hold an advantage, it said.<\/p>\n<p><a href=\"https:\/\/www.biv.com\/news\/real-estate\/apartment-building-sales-plunge-in-metro-vancouver-says-report-11157741\" target=\"_blank\" rel=\"noopener\">Goodman Report : Apartment Building Sales Plunge in Metro Vancouver<\/a> by Jami Makan | BIV<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The rental apartment investment market receded in Metro Vancouver in the first half of 2025, with far lower transaction and dollar volumes, particularly in the suburbs, says a new report. &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2025\/09\/apartment-buildings-downward-trend-in-values-continues-amid-uncertainty\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,13],"tags":[],"class_list":["post-26404","post","type-post","status-publish","format-standard","hentry","category-market-updates","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Apartment Buildings Downward Trend in Values Continues Amid Uncertainty &#8226; 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