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News > Number of apartment building sales stay flat – but value doubles

Number of apartment building sales stay flat – but value doubles

by Nelson Bennett, posted on 12:52 PM, July 26, 2012

Low vacancy rates, high land costs, new mortgage restrictions, a lack of federal incentives for new purpose-built rental housing and steady income have made rental buildings in the Greater Vancouver area a solid investment vehicle, which explains why building owners are sitting tight.

Follow this link for full article: http://gvweb.gl.atl.publicus.com/article/20120726/BIV0111/120729961