2022 Q4

Greater Vancouver Land Sales Market Report

Klein | Reports | 2022 - Q4 Commercial Residential Land Market Report
Download
Print
Download
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.

Highlights

How Land properties have responded to the market.

100
2022 Q4 Sales Transactions
$110B
2022 Q4 Sales Volume
440

Largest Market Share - City

2022 Q4

Greater Vancouver Overview

Total Sales & Transaction Volume
20182019202020212022
Sales$ Volume%Sales$ Volume%Sales$ Volume%Sales$ Volume%Sales$ Volume%
Burnaby41$ 875,084,97420%18$ 364,258,9490%7$ 60,804,7508%21$ 318,048,00013%16$ 172,784,2499%
Coquitlam50$ 408,153,5329%50$ 200,561,3770%15$ 122,058,66915%44$ 597,321,62224%72$ 477,193,87424%
New Westminster23$ 66,951,2232%7$ 18,817,0090%3$ 5,611,0001%8$ 25,239,2321%9$ 51,131,5003%
North Vancouver37$ 373,517,4089%18$ 119,531,0000%10$ 74,197,0009%25$ 199,119,1778%12$ 45,581,5002%
Port Coquitlam8$ 16,573,9000%8$ 12,008,0100%8$ 11,516,0001%23$ 67,440,0003%11$ 56,722,7493%
Port Moody17$ 74,847,0632%5$ 39,970,0010%7$ 42,150,0005%2$ 11,175,0000%13$ 186,761,8689%
Richmond37$ 524,901,23112%16$ 76,701,7900%9$ 96,488,80812%25$ 424,419,86517%39$ 174,765,9929%
Vancouver115$ 1,988,697,54746%68$ 538,236,2600%49$ 369,143,75047%98$ 821,058,37133%100$ 833,248,57641%
West Vancouver3$ 20,987,1860%2$ 17,375,0000%1$ 6,000,0001%1$ 5,875,0000%2$ 29,367,9431%
Grand Total331$ 4,349,714,063100%192$ 1,387,459,3960%109$ 787,969,977100%247$ 2,469,696,267100%274$ 2,027,558,250100%
2018
Burnaby41$ 875,084,97420%
Coquitlam50$ 408,153,5329%
New Westminster23$ 66,951,2232%
North Vancouver37$ 373,517,4089%
Port Coquitlam8$ 16,573,9000%
Port Moody17$ 74,847,0632%
Richmond37$ 524,901,23112%
Vancouver115$ 1,988,697,54746%
West Vancouver3$ 20,987,1860%
Grand Total331$ 4,349,714,063100%
2019
Burnaby18$ 364,258,9490%
Coquitlam50$ 200,561,3770%
New Westminster7$ 18,817,0090%
North Vancouver18$ 119,531,0000%
Port Coquitlam8$ 12,008,0100%
Port Moody5$ 39,970,0010%
Richmond16$ 76,701,7900%
Vancouver68$ 538,236,2600%
West Vancouver2$ 17,375,0000%
Grand Total192$ 1,387,459,3960%
2020
Burnaby7$ 60,804,7508%
Coquitlam15$ 122,058,66915%
New Westminster3$ 5,611,0001%
North Vancouver10$ 74,197,0009%
Port Coquitlam8$ 11,516,0001%
Port Moody7$ 42,150,0005%
Richmond9$ 96,488,80812%
Vancouver49$ 369,143,75047%
West Vancouver1$ 6,000,0001%
Grand Total109$ 787,969,977100%
2021
Burnaby21$ 318,048,00013%
Coquitlam44$ 597,321,62224%
New Westminster8$ 25,239,2321%
North Vancouver25$ 199,119,1778%
Port Coquitlam23$ 67,440,0003%
Port Moody2$ 11,175,0000%
Richmond25$ 424,419,86517%
Vancouver98$ 821,058,37133%
West Vancouver1$ 5,875,0000%
Grand Total247$ 2,469,696,267100%
2022
Burnaby16$ 172,784,2499%
Coquitlam72$ 477,193,87424%
New Westminster9$ 51,131,5003%
North Vancouver12$ 45,581,5002%
Port Coquitlam11$ 56,722,7493%
Port Moody13$ 186,761,8689%
Richmond39$ 174,765,9929%
Vancouver100$ 833,248,57641%
West Vancouver2$ 29,367,9431%
Grand Total274$ 2,027,558,250100%
$ Volume And Number Of Transactions
Date$ VolumeSales
20184349714063.45331
Qtr1737429295.865
Qtr2119449383997
Qtr31261843855.8591
Qtr41155947072.878
20191387459396.3192
Qtr129904885755
Qtr234785676052
Qtr327237082045
Qtr4468182959.340
2020787969976.65109
Qtr118615975029
Qtr2170317714.633
Qtr321105180824
Qtr4220440704.0523
20212469696266.65247
Qtr1101780775.9920
Qtr243689758166
Qtr3484672098.676
Qtr41446345811.0685
20223013792440.1399
Qtr1682403051100
Qtr2575950272.571
Qtr3989239142.6145
Qtr476619997483
Land Market Share

2022 Q4

Burnaby Land Sales

Sales & Price By Neighbourhood
Transaction NamePrice Size (Acre)Price/Acre
6540 Telford Avenue$ 28,000,0000.80500000715256-
6592 Telford Avenue$ 7,000,0000.20200000703335-
6535 Burlington Avenue$ 5,300,0000.16500000655651-
6177 Broadway$ 1,150,0000.16500000655651-
$ Volume And Number Of Transactions
Row LabelsDollar VolumeTransactions
201887508497441
Qtr127027500011
Qtr2928910009
Qtr318825988812
Qtr43236590869
201936425894918
Qtr1809350004
Qtr2223730006
Qtr3576120005
Qtr42033389493
202030047502
Qtr130047502
202186119200037
Qtr2272880006
Qtr3191880007
Qtr481471600024
202221726849821
Qtr18896849810
Qtr2733500006
Qtr3135000001
Qtr4414500004
Grand Total2320809171119
Price/Acre (Avg)
Row LabelsPrice/Acre - High DensityPrice/Acre - Medium DensityLand Size (Acre) - High DensityLand Size (Acre) - Medium DensityTotal Price/AcreTotal Land Size (Acre)
2018000000
Qtr154000981.83603301.00920.1763333333333354000981.8360330.696875
Qtr2000.7240.2462500.485125
Qtr3021346469.6223320.503666666666670.424821346469.6223320.46781818181818
Qtr411153805.10193203.52950.1211153805.1019323.0424285714286
2019000000
Qtr135843660.62917100.89650.14935843660.6291710.64733333333333
Qtr2000.2410.2527500.24883333333333
Qtr314568158.16857400.8980.11414568158.1685740.7412
Qtr43488927501.9740348892751.974
2020000000
Qtr10000.146500.1465
2021000000
Qtr2000.34599998593330.4410000046094300.4172499999404
Qtr3000.398000001907350.2439999977747600.26599999836513
Qtr401283333310.216499805450.63559998571873128333333.3729999342135
2022000000
Qtr1000.426000006496910.2903333281477300.3445999994874
Qtr2000.628250002861020.328500002622600.52833333611488
Qtr3000.55000001192093000.55000001192093
Qtr4000.390666673580810.1650000065565100.33425000682473
Grand Total150455880.7357134179802.62233222.7312831548173.7340666587631184635683.3580414.26354670678

2022 Q4

Coquitlam Land Sales

Sales & Price By Neighbourhood
Transaction NamePrice Size (acre)Price/Acre
626 Tyndall Street$ 26,276,2001.2890000343323$ 20,384,950
272 Guilby Street$ 24,161,7791.8120000362396-
618 Tyndall Street$ 18,116,7410.96899998188019-
701 Como Lake Avenue$ 7,125,0000.32699999213219-
605 Foster Avenue$ 6,750,0000.62300002574921-
$ Volume And Number Of Transactions
Row Labels$ VolumeTransactions
201840815353250
Qtr28934550016
Qtr315231094221
Qtr416649709013
201920056137650
Qtr14768655615
Qtr2740880008
Qtr35318982017
Qtr42559700010
202082443104.0514
Qtr190450004
Qtr2234050004
Qtr3226000002
Qtr427393104.054
2021597321621.6644
Qtr123079999.994
Qtr2809804608
Qtr382909827.6613
Qtr4410351334.0119
2022477193873.572
Qtr115041183922
Qtr299646576.510
Qtr312991552022
Qtr49721993818
Grand Total2549086571.09326
Price/Acre (Avg)
DATEPrice/Acre (Average)Total Size (Acre)Total Price/Acre (Average)Total Total Size (Acre)
0High DensityMedium DensityHigh DensityMedium Density00
2018000000
Qtr204107771.21978641.6415.884107771.21978647.521
Qtr328144544.8227946885506.61538023.9044.75912200266.1672348.663
Qtr410920079.71275210648646.4561724.19412.95710726198.81519517.151
2019000000
Qtr102607197.48748450.49612.0332607197.487484512.529
Qtr208211647.97457140.13712.1568211647.974571412.293
Qtr302267584.31809111.7157.5812267584.31809119.296
Qtr4001.590.98202.572
2020000000
Qtr1000.3050.32700.632
Qtr201555209.95334370.73.8581555209.95334374.558
Qtr30000.2199999988079100.21999999880791
Qtr40001.978000000119201.9780000001192
2021000000
Qtr1000.3511.86202.213
Qtr2002.09099994599823.761999875307105.8529998213053
Qtr3010811393.92700000107294.408000104129310811398.3350001052022
Qtr40525000017.9500000923874.1470000334084525000022.097000125796
2022000000
Qtr1099313601.413999974727615.116000026464993136016.530000001192
Qtr209912275.752.5279999971397.78700004518039912275.7510.315000042319
Qtr32038495005.14000003784893.8930000513792203849509.0330000892282
Qtr40204022992.48000002652419.12100001424552040229911.60100004077

2022 Q4

New Westminster Land Sales

Sales & Price By Neighbourhood
Transaction NamePrice Size (Acre)Price/Acre
No Transactions in 2022-Q4---
$ Volume And Number Of Transactions
Row LabelsDollar VolumeTransactions
201866951222.823
Qtr1111500004
Qtr2200530009
Qtr3108000005
Qtr424948222.85
201918817009.37
Qtr144850002
Qtr341000001
Qtr410232009.34
202056110003
Qtr111860001
Qtr223500001
Qtr300
Qtr420750001
20212945623211
Qtr170450002
Qtr284340006
Qtr3139772323
Qtr400
2022511315009
Qtr1393525006
Qtr2117790003
Qtr300
Qtr400
Grand Total171966964.153
Price/Acre (Avg)
Row LabelsPrice/Acre - High DensityPrice/Acre - Medium DensityLand Size (Acre) - High DensityLand Size (Acre) - Medium DensityTotal Price/AcreTotal Land Size (Acre)
2018000000
Qtr106988529.847579601.1556988529.84757961.155
Qtr28547008.547008510013328.056990.1171.6719768941.47199271.788
Qtr317989130.43478311170182.8410690.3150.50813897761.8785540.823
Qtr407741131.509281304.0327741131.50928134.032
2019000000
Qtr1012505839.41605800.33712505839.4160580.337
Qtr32050000000.20205000000.2
Qtr417765957.4468096721859.34253180.3291.2799482883.8686011.608
2020000000
Qtr10593000000.259300000.2
Qtr2000.10300000011921000.10300000011921
Qtr40000.500.5
2021000000
Qtr1000.1720.13800.31
Qtr20000.2759999965429300.27599999654293
Qtr30001.284000024199501.2840000241995
2022000000
Qtr1000.799000024795531.895000010728802.6940000355244
Qtr2000.67100000381470.4130000099539801.0840000137687
Qtr3000000
Qtr4000000
Grand Total1505127.912821033.4072.70600002913.688000041078710.74616.39400007

2022 Q4

North Vancouver Land Sales

Sales & Price By Neighbourhood
Row LabelsPrice Land Size (acre)Price/Acre
203 East 20th Street$ 2,900,0000.21-
$ Volume And Number Of Transactions
Row LabelsDollar VolumeTransactions
201800
Qtr1627335208
Qtr218763100014
Qtr3521840007
Qtr4709688888
201900
Qtr1166450004
Qtr2329360007
Qtr3668500005
Qtr431000002
202000
Qtr1100700003
Qtr257520002
Qtr329250001
Qtr4379500003
202100
Qtr1108900002
Qtr2750868888
Qtr336747038.948
Qtr4763952507
202200
Qtr181100003
Qtr2202000004
Qtr3111465003
Qtr461250002
Grand Total794446084.94101
Price/Acre (Avg)
Row LabelsPrice/Acre - High DensityPrice/Acre - Medium DensityLand Size (Acre) - High DensityLand Size (Acre) - Medium DensityTotal Price/Acre (Average)Total Total Land Size (Acre)
2018000000
Qtr112545528.12626512806898.0740192.9751.24212763336.416064.217
Qtr251861702.1276619529752.7391951.883.08422469020.8654194.964
Qtr3016937820.1328440.771.85416937820.1328442.624
Qtr418728039.35347914189777.3303391.9922.39814946154.3341964.39
2019000000
Qtr123629856.85071618831586.1461640.4890.26820031153.8223020.757
Qtr223582474.22680414553519.6687370.3881.37216058345.4284151.76
Qtr3016854293.28147503.97416854293.2814753.974
Qtr4015760869.56521700.13815760869.5652170.138
2020000000
Qtr10000.59200.592
Qtr20000.38700.387
Qtr30000.1379999965429300.13799999654293
Qtr4000.969999998807910.1560000032186501.1260000020266
2021000000
Qtr1000.3970.09200.489
Qtr20183564861.29200001060962.2580000013113183564863.5500000119209
Qtr3000.523000001907351.383999988436701.906999990344
Qtr40166641930.360000014305113.5510000437498166641933.9110000580549
2022000000
Qtr10000.4039999917149500.40399999171495
Qtr2000.275999993085860.8360000103712101.1120000034571
Qtr30000.2950000017881400.29500000178814
Qtr4000.18899999558926000.18899999558926
Grand Total130347600.68492164485195.9379912.50100001430524.423000037134170841672.8459336.924000051439

2022 Q4

Port Coquitlam Land Sales

Sales & Price By Neighbourhood
Row LabelsPrice Land Size (acre) Price/Acre
2190 Prairie Avenue$ 16,027,7501.40$ 11,456,576
$ Volume And Number Of Transactions
Row Labels$ VolumeTransactions
2018165739008
Qtr139189002
Qtr336800003
Qtr489750003
2019120080108
Qtr142500103
Qtr261980003
Qtr37600001
Qtr48000001
2020115160008
Qtr115910002
Qtr244200002
Qtr455050004
20216744000023
Qtr1322180008
Qtr2225500009
Qtr390020004
Qtr436700002
20225672274911
Qtr1296649997
Qtr220800001
Qtr389500002
Qtr4160277501
Grand Total16426065958
Price/Acre (Avg)
Row LabelsPrice/Acre - High DensityPrice/Acre - Medium DensityLand Size (Acre) - High DensityLand Size (Acre) - Medium DensityTotal Price/Acre (Average)Total Total Land Size (Acre)
2018000000
Qtr10000.66400.664
Qtr3000.1840.24900.433
Qtr4000.5670.29200.859
2019000000
Qtr10000.62700.627
Qtr20000.87600.876
Qtr30000.11400.114
Qtr40000.18500.185
2020000000
Qtr10000.29100.291
Qtr20000.47100.471
Qtr40000.9649999886751200.96499998867512
2021000000
Qtr1002.3661.26903.635
Qtr2000.388000011444092.096999995410402.4850000068545
Qtr3000.17100000381470.8460000157356301.0170000195503
Qtr4000.17100000381470.19599999487400.3669999986887
2022000000
Qtr1001.62099997699260.5389999896287902.1599999666214
Qtr2000.1710000038147000.1710000038147
Qtr3000.398999989032750.1850000023841900.58399999141693
Qtr401145657601.3990000486374114565760
Grand Total0114565766.037999988913511.2650000353461145657615.903999975622

2022 Q4

Port Moody Land Sales

Sales & Price By Neighbourhood
Transaction NamePrice Land Size (acre)Price/Acre
3108 St. George Street$ 2,490,0000.20000000298023-
106 Edinburgh Place$ 3,007,0000.22300000488758-
$ Volume And Number Of Transactions
Row Labels$ VolumeTransactions
201800
Qtr1283670627
Qtr274600013
Qtr325500001
Qtr4364700006
201900
Qtr111
Qtr2343500002
Qtr314200001
Qtr442000001
202000
Qtr152000002
Qtr3213500003
Qtr400
202100
Qtr100
Qtr2111750002
Qtr300
Qtr418000001
202200
Qtr101
Qtr2437903687
Qtr31374745004
Qtr454970002
Grand Total34110393244
Price/Acre (Avg)
Row LabelsPrice/Acre - High DensityPrice/Acre - Medium DensityLand Size (Acre) - High DensityLand Size (Acre) - Medium DensityTotal Price/Acre (Average)Total Total Size (Acre)
2018000000
Qtr1000.9482.05603.004
Qtr2001.24001.24
Qtr3000.206000.206
Qtr49400000021.23494000003.234
2019000000
Qtr10000.200.2
Qtr214217598.61291702.3070.21514217598.6129172.522
Qtr30000.20900.209
Qtr40000.600.6
2020000000
Qtr1000.633000.633
Qtr3001.17499998211860.4120000004768401.5869999825954
Qtr4000000
2021000000
Qtr1000000
Qtr20001.11801.118
Qtr3000000
Qtr4000.21500000357628000.21500000357628
2022000000
Qtr1000000
Qtr20109950250.923999994993212.2890000194311109950253.2130000144243
Qtr3000.45999999344349000.45999999344349
Qtr4000000
Grand Total23617598.6129171099502510.1079999741328.33300001990834612623.61291718.44099999404

2022 Q4

Richmond Land Sales

Sales & Price By Neighbourhood
Transaction NamePrice Land Size (acre)Price/Acre
6120 Maple Road$ 2,280,0000.25-
$ Volume And Number Of Transactions
Row LabelsDollar VolumeTransactions
201800
Qtr142082900.89
Qtr225761333016
Qtr31586800007
Qtr4665250005
201900
Qtr1230437908
Qtr2215080005
Qtr335000001
Qtr4286500002
202000
Qtr1663000003
Qtr212100001
Qtr3182408082
Qtr434000001
202100
Qtr1335500003
Qtr27155600010
Qtr3576400006
Qtr43012738658
202200
Qtr18549518618
Qtr25387353012
Qtr3267992767
Qtr422800001
Grand Total1323221685.8125
Price/Acre (Avg)
Row LabelsPrice/Acre - High DensityPrice/Acre - Medium DensityLand Size (Acre) - High DensityLand Size (Acre) - Medium DensityTotal Price/Acre (Average)Total Total Land Size (Acre)
2018000000
Qtr103343391.04140590.4996.7953343391.04140597.294
Qtr211651361.382483017.2744.70811651361.38248321.982
Qtr319272876.33955307.2181.10419272876.3395538.322
Qtr422540983.60655702.3141.89422540983.6065574.208
2019000000
Qtr1000.2932.41502.708
Qtr210184887.45980701.2441.25710184887.4598072.501
Qtr30000.2300.23
Qtr416881028.93890701.2440.54416881028.9389071.788
2020000000
Qtr117462165.30849803.7290.417462165.3084984.129
Qtr20000.2200.22
Qtr30000.9869999885559100.98699998855591
Qtr40000.3650000095367400.36500000953674
2021000000
Qtr1001.9231.7803.703
Qtr2004.01100003719331.963000014424305.9740000516176
Qtr306478455.51.07799997925764.94499993324286478455.56.0229999125004
Qtr40028.600000381471.7199999988079030.320000380278
2022000000
Qtr1049054611.58.9529999494553490546110.452999949455
Qtr201743198704.477000027895174319874.477000027895
Qtr30002.234000027179702.2340000271797
Qtr40000.2460000067949300.24600000679493
Grand Total97993303.03580632159294.54140670.92700039792147.236999955893130152597.57721118.16400035381

2022 Q4

Vancouver Land Sales

Sales & Price By Neighbourhood
Transaction NamePrice Land Size (Acre)Price/Acre
654 East Broadway$ 17,800,0000.37-
2037 East Broadway$ 11,400,0000.37-
365 East 33rd Avenue$ 10,650,0000.68-
1981 West 10th Avenue$ 10,600,0000.29-
2753 East 49th Avenue$ 8,775,0000.58-
$ Volume And Number Of Transactions
Row LabelsDollar VolumeTransactions
201800
Qtr131890191324
Qtr253950000830
Qtr369097902634
Qtr443931660027
201900
Qtr111562850017
Qtr215640376021
Qtr38493900014
Qtr418126500016
202000
Qtr18976300012
Qtr26672715020
Qtr3654680006
Qtr414227760010
202100
Qtr1285477764
Qtr214404423320
Qtr327125800034
Qtr437720836139
202200
Qtr132488427839
Qtr227561079828
Qtr313945800018
Qtr48486550012
Grand Total4537046502.5425
Price/Acre (Avg)
Row LabelsPrice/Acre - High DensityPrice/Acre - Medium DensityLand Size (Acre) - High DensityLand Size (Acre) - Medium DensityTotal Price Per Acre (Average)Total Total Land Size (Acre)
2018000000
Qtr1007.359007.359
Qtr241459369.81757906.2420.88541459369.8175797.127
Qtr3037426900.5847954.7437.35437426900.58479512.097
Qtr4004.5984.85809.456
2019000000
Qtr1000.8273.23404.061
Qtr2026807107.8431370.3824.70226807107.8431375.084
Qtr3000.2922.3802.672
Qtr4028668338.04461.1315.72528668338.04466.856
2020000000
Qtr1001.9611.0403.001
Qtr2001.42200000584131.402000021189502.8240000270307
Qtr3001.10100002586840.1920000016689301.2930000275373
Qtr4002.24800001829861.642000019550303.8900000378489
2021000000
Qtr1000.5670.3300.897
Qtr2001.27600001916294.60000003272305.8760000518858
Qtr3025264451.52.95600006729365.696000009775225264451.58.6520000770688
Qtr40233275313.31299994885926.79500001668932332753110.107999965549
2022000000
Qtr1004.55299997329717.6950000226498012.247999995947
Qtr20255892230.734999984502799.88100008666522558922310.616000071168
Qtr3002.98399995267391.296000011265304.2799999639392
Qtr4000.564000010490422.565999992191803.1300000026822
Grand Total41459369.817579167083551.9725349.25400000628872.273000214368208542921.79011121.52700022066
Enter your email to receive this pre-release Market Report emailed directly to you each Quarter.
Get this Market Report emailed directly to you each Quarter.
crossarrow-right linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram