Target Assets

Real Estate In Greater Vancouver

Our Target Assets in Our Real Estate Investment Trust

The purchase of a brand new 64-unit rental apartment building in North Vancouver on a forward sale basis. This five-storey apartment building will be situated in the highly desirable neighbourhood of upper Lonsdale, close to the transit system with access to downtown and the beautiful Grouse Mountain Ski Resort.

The building will be composed of various units from studios to three bedrooms to attract a vast range of renters from single working professionals to families who are not in the market to buy. With access to many restaurants, grocery stores, child care center, and community center, this building will be a frontrunner for convenient living in the North Shore making it ideal for REIT investing.

We have a 6 storey building containing 27 rental apartment units and 6 storey building containing 44 rental apartment units, with over two levels of underground parking. A new pedestrian pathway along the south edge of the combined properties is proposed to support a connection between Lonsdale Avenue to the neighbourhood to the West.

Newly built rental apartment building (2022) in a highly desired neighbourhood in North Vancouver with close proximity to Highway 99 for easy access to Downtown Vancouver, Burnaby, and beyond. On a major transit route connecting residents to Grouse Mountain, Lonsdale Quay Seabus station, and Park Royal Mall. The economic growth in this area is continuously increasing making it ideal for real estate investment fund investors.

Real Estate Investment Opportunities In Metro Vancouver Area

The demand for multifamily rental properties is anticipated to keep growing, leading to lower vacancy rates and faster rental rate increases. According to the CMHC, Canada would need to construct an additional 3.5 million more homes than currently projected by 2030 to satisfy expected demand. The yearly incomes necessary to afford various housing options in major markets significantly exceed the median household earnings. Consequently, renting remains the most suitable housing choice for numerous Canadians in these areas. *CBRE (Canadian Real Estate Market Outlook)

The multi-family market has had a strong start to 2021 with investment activity remaining exceptionally robust, vacancy rates remaining low and rents continuing to rise. The sector’s strong fundamentals and the expectation that any losses seen over the pandemic will be erased rapidly, as both international travel and immigration resume over the coming year, should ensure that liquidity and pricing will remain elevated over the remainder of 2021. *Real Estate Board of Greater Vancouver (Commercial Edge)

Investing In The Metro Vancouver Area

Rising Rents

Rent for vacant units continues to rise after it soared in 2022. This forces low turnover rates which ultimately, creates a more challening market for new renters. Considering the limited availability of new units and the significant surge of renters in North Vancouver, investing in this area stands out as one of the more practical, dependable, and lucrative opportunities within the Metro Vancouver Area.

Upward Pressure

The Metro Vancouver Area, particularly North Vancouver, is experiencing significant population growth. This growth coupled with the high costs of entry level homes in the region have drove the rental demand up. Cascadia Green REITs target assets are all in North Vancouver and offer the potential for greater stability and higher returns as the population continues to grow.

CMHC Statistics

	Average Rents (Row / Apartment)				Vacancy Rates				Total Inventory
	2019	2020	2021	2022	2019	2020	2021	2022	2022
North Vancouver District	$2,032	$2,112	$2,155	$2,464	2.6%	2.8%	1.3%	2.8%	2,464
North Vancouver City	$1,704	$1,762	$1,843	$2,057	0.5%	2.6%	0.8%	1.0%	6,884
West Vancouver	$2,586	$2,634	$2,653	$2,937	1.2%	2.5%	1.0%	1.1%	2,409