Back to Blog

Avalanche of apartment buildings for sale hitting Metro Vancouver market.

Western Investor Ethel Lariviere 30 Sep

‘Unprecedented’ listings reflect landlord frustration with rent caps, soaring property taxes and regulations.
Because BC Assessment values land at its highest possible use, property taxes for Metro Vancouver landlords have increased as much as 25% in the past year. Landlords are restricted in how much they can raise rents and even in how extensively they can renovate their buildings. Read more:

https://www.westerninvestor.com/news/british-columbia/avalanche-of-apartment-buildings-for-sale-hitting-metro-vancouver-market-1.23957149?utm_source=Western+Investor+Newsletter&utm_campaign=c1d8173c0b-EMAIL_CAMPAIGN_2018_01_03_COPY_01&utm_medium=email&utm_term=0_9b89d35e1e-c1d8173c0b-96456025