For the most part, commercial real estate sales slowed considerably throughout the Greater Vancouver area during the first quarter of 2019.
In terms of volume, the hardest hit among the asset classes was Retail. In Q1-2019 volume fell a big 78% and 92% from Q1-2018 and Q1-2017 respectively, with every community in the region down. On the transactions side, the quarter was down 42% from one year ago and 57% from two years ago. However, the number of transactions was up slightly from Q1-2018 in Richmond (8%) and New Westminster (50%).
To view, download or subscribe to Klein Group's in-depth Retail and other Commercial Market Reports, please go to Commercial Reports. These Reports are designed to help you make more informed buying, owning and selling decisions.
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®).
