2022 Q3

Greater Vancouver Multi-Family Sales 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 Multi-Family properties have responded to the market.

100
2022 Q3 Sales Transactions
$110B
2022 Q3 Sales Volume
440

Largest Market Share - City

2022 Q3

Greater Vancouver Overview

Total Sales & Transaction Volume
20182019202020212022 (Q1-Q3)
Sales$ Volume%Sales$ Volume%Sales$ Volume%Sales$ Volume%Sales$ Volume%
Abbotsford3 $ 7,848,888 1%2 $ 5,893,000 1%0 $ - 0%3 $ 14,900,000 1%1 $ 2,550,000 0%
Burnaby4 $ 63,350,000 7%4 $ 106,358,185 19%3 $ 29,085,000 4%6 $ 51,069,000 3%14 $ 256,604,883 27%
Chilliwack6 $ 19,462,500 2%1 $ 1,760,000 0%9 $ 30,981,400 5%11 $ 62,517,000 4%2 $ 3,901,000 0%
Coquitlam2 $ 14,600,000 2%0 $ - 0%0 $ - 0%0 $ - 0%2 $ 54,156,250 6%
Delta1 $ 5,300,000 1%0 $ - 0%0 $ - 0%2 $ 9,190,000 1%0 $ - 0%
Langley1 $ 2,745,000 0%1 $ 6,070,000 1%1 $ 6,700,000 1%1 $ 9,400,000 1%3 $ 12,500,000 1%
New Westminster9 $ 67,050,000 7%6 $ 65,630,000 12%5 $ 29,172,000 4%9 $ 24,165,000 1%5 $ 32,445,920 3%
North Vancouver4 $ 55,343,283 6%4 $ 29,950,000 5%3 $ 22,013,499 3%6 $ 96,450,000 6%5 $ 86,617,500 9%
Port Coquitlam0 $ - 0%2 $ 8,075,000 1%0 $ - 0%3 $ 22,836,000 1%1 $ 3,150,000 0%
Port Moody1 $ 97,500,000 10%0 $ - 0%0 $ - 0%0 $ - 0%0 $ - 0%
Richmond0 $ - 0%0 $ - 0%1 $ 6,044,283 1%1 $ 45,465,000 3%0 $ - 0%
Surrey1 $ 6,630,000 1%4 $ 128,373,000 24%2 $ 14,275,000 2%2 $ 20,922,000 1%3 $ 93,269,351 10%
Vancouver45 $ 590,795,955 61%27 $ 191,492,500 35%46 $ 463,220,890 69%89 $ 1,159,939,262 68%47 $ 405,972,133 43%
West Vancouver1 $ 32,450,000 3%0 $ - 0%1 $ 65,352,127 10%3 $ 167,402,000 10%0 $ - 0%
White Rock2 $ 9,626,999 1%1 $ 2,450,000 0%1 $ 3,625,000 1%3 $ 22,800,000 1%1 $ 3,100,000 0%
Total80 $ 972,702,625 52 $ 546,051,685 72 $ 670,469,199 139 $ 1,707,055,262 84 $ 954,267,037
2018
Sales$ Volume%
Abbotsford3 $ 7,848,888 1%
Burnaby4 $ 63,350,000 7%
Chilliwack6 $ 19,462,500 2%
Coquitlam2 $ 14,600,000 2%
Delta1 $ 5,300,000 1%
Langley1 $ 2,745,000 0%
New Westminster9 $ 67,050,000 7%
North Vancouver4 $ 55,343,283 6%
Port Coquitlam0 $ - 0%
Port Moody1 $ 97,500,000 10%
Richmond0 $ - 0%
Surrey1 $ 6,630,000 1%
Vancouver45 $ 590,795,955 61%
West Vancouver1 $ 32,450,000 3%
White Rock2 $ 9,626,999 1%
Total80 $ 972,702,625
2019
Sales$ Volume%
Abbotsford2 $ 5,893,000 1%
Burnaby4 $ 106,358,185 19%
Chilliwack1 $ 1,760,000 0%
Coquitlam0 $ - 0%
Delta0 $ - 0%
Langley1 $ 6,070,000 1%
New Westminster6 $ 65,630,000 12%
North Vancouver4 $ 29,950,000 5%
Port Coquitlam2 $ 8,075,000 1%
Port Moody0 $ - 0%
Richmond0 $ - 0%
Surrey4 $ 128,373,000 24%
Vancouver27 $ 191,492,500 35%
West Vancouver0 $ - 0%
White Rock1 $ 2,450,000 0%
Total52 $ 546,051,685
2020
Sales$ Volume%
Abbotsford0 $ - 0%
Burnaby3 $ 29,085,000 4%
Chilliwack9 $ 30,981,400 5%
Coquitlam0 $ - 0%
Delta0 $ - 0%
Langley1 $ 6,700,000 1%
New Westminster5 $ 29,172,000 4%
North Vancouver3 $ 22,013,499 3%
Port Coquitlam0 $ - 0%
Port Moody0 $ - 0%
Richmond1 $ 6,044,283 1%
Surrey2 $ 14,275,000 2%
Vancouver46 $ 463,220,890 69%
West Vancouver1 $ 65,352,127 10%
White Rock1 $ 3,625,000 1%
Total72 $ 670,469,199
2021
Sales$ Volume%
Abbotsford3 $ 14,900,000 1%
Burnaby6 $ 51,069,000 3%
Chilliwack11 $ 62,517,000 4%
Coquitlam0 $ - 0%
Delta2 $ 9,190,000 1%
Langley1 $ 9,400,000 1%
New Westminster9 $ 24,165,000 1%
North Vancouver6 $ 96,450,000 6%
Port Coquitlam3 $ 22,836,000 1%
Port Moody0 $ - 0%
Richmond1 $ 45,465,000 3%
Surrey2 $ 20,922,000 1%
Vancouver89 $ 1,159,939,262 68%
West Vancouver3 $ 167,402,000 10%
White Rock3 $ 22,800,000 1%
Total139 $ 1,707,055,262
2022 (Q1-Q3)
Sales$ Volume%
Abbotsford1 $ 2,550,000 0%
Burnaby14 $ 256,604,883 27%
Chilliwack2 $ 3,901,000 0%
Coquitlam2 $ 54,156,250 6%
Delta0 $ - 0%
Langley3 $ 12,500,000 1%
New Westminster5 $ 32,445,920 3%
North Vancouver5 $ 86,617,500 9%
Port Coquitlam1 $ 3,150,000 0%
Port Moody0 $ - 0%
Richmond0 $ - 0%
Surrey3 $ 93,269,351 10%
Vancouver47 $ 405,972,133 43%
West Vancouver0 $ - 0%
White Rock1 $ 3,100,000 0%
Total84 $ 954,267,037
$ Volume And Number Of Transactions
DATEDollar VolumeTransactions
2018
Qtr19308199917
Qtr250501162631
Qtr313419000020
Qtr425298900017
2019
Qtr1110345003
Qtr29166940014
Qtr323787300015
Qtr420772478521
2020
Qtr130669112716
Qtr212892428313
Qtr39513388820
Qtr415515990127
2021
Qtr155356400043
Qtr264166726249
Qtr334282900024
Qtr421743900031
2022
Qtr138035981444
Qtr251780536533
Qtr36547685810
Multi-Family Market Share

Multi-Family Specialists

  • 1
  • 2
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