Q1-2019 Multifamily Apartment sales were down as part of a broader pattern of slow commercial real estate sales across the Greater Vancouver area.
The number of transactions was down 48% and 62% respectively from Q1-2018 and Q1-2017, while sales volume was down 19% and 76% respectively. Although volume was up in Burnaby (36%), North Vancouver (100%) and West Vancouver (100%), it was down in Vancouver (35%) and New Westminster (85%); and there were no sales during the first quarter in Richmond, Surrey and Tri-Cities.
To reference or download to our in-depth Multifamily Apartment Real Estate Report, please go to: Q1-2019 Multifamily Report
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®).
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®).
