While commercial real estate sales gradually slowed in the Greater Vancouver area throughout 2018, they dropped precipitiously in nearly all asset classes in Q1-2019.
One of the worst hit was Residential Land. The quarter saw only 75 transactions, down 55% from Q1-2018’s 167. And volume sales took an even steeper dive – down 75% from one year ago. While all communities were down significantly, the biggest drops were in Tri-Cities (89%), Vancouver (83%), Burnaby (82%) and North Vancouver (72%).
For detailed information about Residential Land sales in each of Greater Vancouver's main communities, check out Klein Commercial's in-depth, Residential Land Report, as well as our other Commercial Market Reports, at https://lnkd.in/gvX8pEc.
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®).
