2021 Q4

Greater Vancouver Retail Sales Market Report

Klein | Reports | 2021 - Q4 Commercial Retail Market Report
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Sources: Real Estate Board of Greater Vancouver, Commercial Edge; Canadian Real Estate Association, MLS®; Altus Group; Statistics Canada; Landcor; RealNet.

Disclaimer: Data has been obtained from sources considered to be reliable. However, no representation or warranty, expressed or implied, is made as to the accuracy of any of the information, projections or conclusions contained  herein, and the same is submitted subject to errors and omissions, without any obligation to update or correct.

Table Of COntents

Highlights

How Retail properties have responded to the market.

100
2021 Q4 Sales Transactions
$110B
2021 Q4 Sales Volume
440

Largest Market Share - City

2021 Q4

Greater Vancouver Overview

Total Sales & Transaction Volume
20172018201920202021
Sales$ Volume%Sales$ Volume%Sales$ Volume%Sales$ Volume%Sales$ Volume%
Burnaby29$ 236,756,8818%24$ 304,009,65916%24$ 68,536,12511%29$ 45,617,0006%32$ 129,742,07614%
Coquitlam21$ 81,351,8023%13$ 28,274,7002%9$ 44,338,9517%8$ 41,447,0006%13$ 81,212,2279%
New Westminster19$ 129,961,7665%12$ 136,722,4487%13$ 26,272,3764%4$ 3,812,5001%9$ 25,491,4503%
North Vancouver36$ 116,037,9004%14$ 49,995,2523%13$ 21,457,5003%29$ 87,919,02812%30$ 78,502,4759%
Port Coquitlam11$ 38,777,0331%11$ 13,460,5651%3$ 21,573,5003%6$ 40,180,0006%8$ 26,161,0003%
Port Moody5$ 6,242,2000%9$ 19,087,2001%4$ 8,617,0001%24$ 7,665,0001%0$ 00%
Richmond71$ 345,732,70012%53$ 196,659,39910%40$ 96,722,56415%70$ 174,256,60024%39$ 116,597,54913%
Vancouver176$ 1,820,059,27764%145$ 1,053,039,93256%101$ 334,615,88353%112$ 318,946,59844%127$ 419,342,80046%
West Vancouver12$ 55,051,6002%4$ 74,650,0014%3$ 7,610,0001%1$ 2,500,0000%6$ 31,168,7363%
Grand Total380$ 2,829,971,159100%285$ 1,875,899,156100%210$ 629,743,900100%283$ 722,343,726100%264$ 908,218,313100%
2017
Burnaby29$ 236,756,8818%
Coquitlam21$ 81,351,8023%
New Westminster19$ 129,961,7665%
North Vancouver36$ 116,037,9004%
Port Coquitlam11$ 38,777,0331%
Port Moody5$ 6,242,2000%
Richmond71$ 345,732,70012%
Vancouver176$ 1,820,059,27764%
West Vancouver12$ 55,051,6002%
Grand Total380$ 2,829,971,159100%
2018
Burnaby24$ 304,009,65916%
Coquitlam13$ 28,274,7002%
New Westminster12$ 136,722,4487%
North Vancouver14$ 49,995,2523%
Port Coquitlam11$ 13,460,5651%
Port Moody9$ 19,087,2001%
Richmond53$ 196,659,39910%
Vancouver145$ 1,053,039,93256%
West Vancouver4$ 74,650,0014%
Grand Total285$ 1,875,899,156100%
2019
Burnaby24$ 68,536,12511%
Coquitlam9$ 44,338,9517%
New Westminster13$ 26,272,3764%
North Vancouver13$ 21,457,5003%
Port Coquitlam3$ 21,573,5003%
Port Moody4$ 8,617,0001%
Richmond40$ 96,722,56415%
Vancouver101$ 334,615,88353%
West Vancouver3$ 7,610,0001%
Grand Total210$ 629,743,900100%
2020
Burnaby29$ 45,617,0006%
Coquitlam8$ 41,447,0006%
New Westminster4$ 3,812,5001%
North Vancouver29$ 87,919,02812%
Port Coquitlam6$ 40,180,0006%
Port Moody24$ 7,665,0001%
Richmond70$ 174,256,60024%
Vancouver112$ 318,946,59844%
West Vancouver1$ 2,500,0000%
Grand Total283$ 722,343,726100%
2021
Burnaby32$ 129,742,07614%
Coquitlam13$ 81,212,2279%
New Westminster9$ 25,491,4503%
North Vancouver30$ 78,502,4759%
Port Coquitlam8$ 26,161,0003%
Port Moody0$ 00%
Richmond39$ 116,597,54913%
Vancouver127$ 419,342,80046%
West Vancouver6$ 31,168,7363%
Grand Total264$ 908,218,313100%
$ Volume And Number Of Transactions
Row Labels$ VolumeTransactions
20172836213358.96385
Qtr11482257619.9689
Qtr253817824796
Qtr322461290079
Qtr4591164592121
20181894986356.08294
Qtr160270585463
Qtr2359034684.5266
Qtr331347410775
Qtr4619771710.5690
2019638360899.56214
Qtr1106342733.1639
Qtr2213303711.7475
Qtr3158623913.6652
Qtr416009054148
2020722343725.88267
Qtr112448380147
Qtr2269432996101
Qtr3160697035.1364
Qtr4167729893.7555
2021908218313.16264
Qtr1224654907.3765
Qtr2249724645.881
Qtr3159716771.9945
Qtr427412198873
Retail Market Share
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