Like other types of housing, apartment complexes are selling for a lot of money in Vancouver. A complex in east Vancouver called The Pointe Apartments sold for $100 million this year after the seller paid $68 million in 2019. This deal continues the trend.
“Both properties are newer construction Class B assets with solid in-place cash flow and rental upside,” Kidwell said. “These two assets presented the buyer with a tremendous opportunity to increase their returns and perfectly fit their investment criteria.”