Steady Approvals for Vancouver Multifamily Construction in Early 2016 5 New Rental Projects Approved In Early 2016 Which Impact Your Multifamily Properties
1.     6505, 6507, 6541 Main St, Vancouver, Sunset, 75 New Rental Units
2.     1037 W King Edward Ave, Vancouver, Shaughnessy, 36 New Rental Units
3.     408-488 W King Edward Ave, Vancouver, Riley Park, 56 New Rental Units
4.     3365 Commercial Dr & 1695-1775 E 18th Ave, Vancouver, Kensington Cedar Cottage, 110 New Rental Units
5. Â Â Â 1755 W 14th Ave, Vancouver, Fairview, 368 New Rental Units
These new construction starts will bring 645 units into Vancouver's multifamily market, an increase in supply of 1.2% on the approximate 56,000 purpose-built rental units in the city. 2016's approvals through June 2016 are on pace to bring 2x the supply of market rental units in Vancouver compared to 2015.
The above listed 5 projects that received approvals through June 2016 are found distributed on the neighborhood map of Vancouver below:
Charlie Hughes
Multi-Family Investment Broker
Marcus & Millichap
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