97: Breaking Down the 2024 Goodman Report and What It Means for 2025 with Goodman Commercial's Mark Goodman
Manage episode 479763418 series 3443886
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EPISODE DESCRIPTION
Episode 97: Matt and Taylor are joined by Mark Goodman. Mark is the Principal Broker at Goodman Commercial Inc. from Vancouver, BC, who also hosts the "Goodman Report Podcast", and is one of the most influential real estate leaders in the province. With over $4 billion in sales of apartment buildings, investment properties, and development sites across more than 600 transactions, Mark has built a distinguished career and is one of Canada’s leading commercial real estate brokers.
Goodman Commercial Inc. was started by David Goodman, Mark's father, who sold his first property in 1972. For over 50 years, the powerhouse Goodman name has been synonymous with expertise on multi-family apartment sales and development sites, and today is one of Metro Vancouver’s top commercial real-estate firms. With over $7 billion in team sales volume and over 2000 transactions, Mark's forward-thinking strategies have kept his firm ahead of the industry curve, continually leveraging new methods and technologies to broaden reach while maintaining a personal touch.
In addition to his brokerage expertise, Mark also co-authors and publishes The Goodman Report, Metro Vancouver's number 1 multi-family investment resource. Across Canada, thousands of owners, investors, real-estate analysts, and media sources rely on the Goodman Report for insights and market data on the rental apartment building and development site scene. This publication has helped cement Mark's reputation as an authority on apartment building sales in British Columbia and throughout Canada.
Mark is here to discuss:
→ The start & evolution of the Goodman Report, breaking down the 2024 Goodman Report, and the impact of capital gains and affordable housing on the year.
→ Trends for 2025 including the mindset on the market, cap rates and prices per unit, and how the provincial initiative "rental protection fund" will negatively affect the market.
→ The potential introduction of a Canadian 1031 exchange capital gains-deferral program, why we're in a perfect storm for huge multi-family losses, and why expense ratios are a flawed system.
Goodman Report Website: www.goodmanreport.com
Goodman Report Instagram: @goodmanreport
Goodman Report YouTube: @goodmanreport
"Goodman Report Podcast": @GoodmanReport
Goodman Commercial LinkedIn: @GoodmanCommercialInc.
Mark Goodman's LinkedIn: @MarkGoodman
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OUR SPONSOR
The Kelowna Real Estate Podcast is brought to you by Century 21 Assurance Realty, the gold standard in real estate. To learn more, visit: www.c21kelowna.ca
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CONNECT WITH MATT
Matt Glen's Website: www.mattglen.ca
Matt Glen's Email: [email protected]
Matt Glen's Instagram: @mattglenrealestate
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CONNECT WITH TAYLOR
Taylor Atkinson's Website: www.venturemortgages.com
Taylor Atkinson's Email: [email protected]
Taylor Atkinson's Instagram: @VentureMortgages
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98 episodes