2023 Q2

Greater Vancouver Retail Market 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.

Highlights

How Retail properties have responded to the market.

100
2023 Q2 Sales Transactions
$110B
2023 Q2 Sales Volume
440

Largest Market Share - City

2023 Q2

Greater Vancouver Overview

Total Sales & Transaction Volume
20192020202120222023 (Q2)
Sales$ Volume%Sales$ Volume%Sales$ Volume%Sales$ Volume%Sales$ Volume%
Burnaby24$ 68,536,12511%29$ 45,617,0006%32$ 129,742,0760%28$ 75,797,0500%6$ 17,113,2207%
Coquitlam9$ 44,338,9517%8$ 41,447,0006%13$ 81,212,2270%4$ 18,802,0000%4$ 23,079,1009%
New Westminster13$ 26,272,3764%4$ 3,812,5001%9$ 25,491,4500%8$ 23,184,7730%2$ 4,300,0002%
North Vancouver13$ 21,457,5003%29$ 87,919,02812%30$ 78,502,4750%11$ 42,260,5250%13$ 23,031,0009%
Port Coquitlam3$ 21,573,5003%6$ 40,180,0006%9$ 28,611,0000%7$ 26,129,3100%3$ 6,763,2203%
Port Moody4$ 8,617,0001%24$ 7,665,0001%0$ 00%3$ 10,568,8880%1$ 9,217,3534%
Richmond40$ 96,722,56415%70$ 174,256,60024%39$ 116,597,5490%52$ 125,101,3000%14$ 48,664,10019%
Vancouver101$ 334,615,88353%112$ 318,946,59844%127$ 419,342,8000%95$ 403,352,5171%40$ 126,277,05349%
West Vancouver3$ 7,610,0001%1$ 2,500,0000%6$ 31,168,7360%5$ 22,016,5000%0$ 00%
Grand Total210$ 629,743,9000%283$ 722,343,7260%265$ 910,668,3130%213$ 747,212,8630%83$ 258,445,0460%
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$ 629,743,9000%
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$ 722,343,7260%
2021
Burnaby32$ 129,742,0760%
Coquitlam13$ 81,212,2270%
New Westminster9$ 25,491,4500%
North Vancouver30$ 78,502,4750%
Port Coquitlam9$ 28,611,0000%
Port Moody0$ 00%
Richmond39$ 116,597,5490%
Vancouver127$ 419,342,8000%
West Vancouver6$ 31,168,7360%
Grand Total265$ 910,668,3130%
2022
Burnaby28$ 75,797,0500%
Coquitlam4$ 18,802,0000%
New Westminster8$ 23,184,7730%
North Vancouver11$ 42,260,5250%
Port Coquitlam7$ 26,129,3100%
Port Moody3$ 10,568,8880%
Richmond52$ 125,101,3000%
Vancouver95$ 403,352,5171%
West Vancouver5$ 22,016,5000%
Grand Total213$ 747,212,8630%
2023 (Q2)
Burnaby6$ 17,113,2207%
Coquitlam4$ 23,079,1009%
New Westminster2$ 4,300,0002%
North Vancouver13$ 23,031,0009%
Port Coquitlam3$ 6,763,2203%
Port Moody1$ 9,217,3534%
Richmond14$ 48,664,10019%
Vancouver40$ 126,277,05349%
West Vancouver0$ 00%
Grand Total83$ 258,445,0460%
$ Volume And Number Of Transactions
Date$ VolumeTransactions
2019
Qtr1106342733.1639
Qtr2213303711.7475
Qtr3158623913.6652
Qtr416009054148
2020
Qtr112448380147
Qtr2269432996101
Qtr3160697035.1364
Qtr4167729893.7555
2021
Qtr1224654907.3765
Qtr2249724645.881
Qtr3159716771.9945
Qtr427657198874
2022
Qtr1178016160.5754
Qtr2292001463.9991
Qtr312510368833
Qtr4152091550.6635
2023
Qtr110799020034
Qtr215045484649
Retail Market Share

2023 Q2

Burnaby Retail Sales

Sales & Price By Neighbourhood
Transaction NameSale PriceSize (SF)Price/SF
6401 Kingsway$ 10,300,000--
4527 Hastings Street$ 2,058,2204393$ 469
7323 6th Street$ 1,990,0003500$ 569
4725 Hastings Street$ 1,035,0001254$ 825
5331 Lane Street$ 950,000708$ 1,342
Unit 1816, 4500 Kingsway$ 780,000499$ 1,563
$ Volume And Number Of Transactions
Row LabelsDollar VolumeTransactions
201723675688129
Qtr1154848007
Qtr2106100005
Qtr3132180007
Qtr419744408110
2018304009659.0924
Qtr12664598307
Qtr24757551
Qtr3186500004
Qtr418424074.0912
20196853612524
Qtr1148610257
Qtr266380006
Qtr3350500005
Qtr4119871006
20204476700028
Qtr1119440006
Qtr21438340012
Qtr359499003
Qtr4124897007
2021140202076.0436
Qtr136668556.046
Qtr23164500010
Qtr32488400010
Qtr44700452010
2022125446436.1937
Qtr149649386.199
Qtr23724950018
Qtr363775003
Qtr4321700507
2023171132206
Qtr100
Qtr2171132206
Grand Total936831397.32184
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total Size (SF)
20170000
Qtr1630.71428571429315125026834
Qtr2865242156422523
Qtr3726.71428571429416103017822
Qtr41886.2244820814410.205155181484522.6277372263288521
20180000
Qtr1882.93870153237333.333333333331350316699
Qtr22309.49029126212309.49029126212309.4902912621206
Qtr3673.04094175262505.4217974637908.4302325581430876
Qtr4693.56422823337238.888888888891530.791788856343150
20190000
Qtr1760.333378692604.29702223897967.7419354838719770
Qtr2913.74115958652652.625333728861929.90654205618660
Qtr31035.2060315599457.485743467531992.753623188463340
Qtr41150.295962495595.339343425752133.698030634615179
20200000
Qtr11134.4368225716938
Qtr2823.07962128971405.82897992851124923559
Qtr3929.6666666666760814118523
Qtr4889.3333333333331418870
20210000
Qtr1942.21751619157064
Qtr21143.2222222222570251338127
Qtr3810.14285714286534122223822
Qtr41885.25478280711444
20220000
Qtr11267420257735240
Qtr21093824157933493
Qtr391066111594515
Qtr41018.5690132614196
20230000
Qtr10000
Qtr2953.6469156310354
Grand Total1035.01656265011754522.62773722631230855

2023 Q2

Coquitlam Retail Sales

Sales & Price By Neighbourhood
Transaction NameSale PriceSize (SF)Price/SF
816 Roderick Avenue$ 3,438,0003449$ 1,994
1150 Austin Avenue$ 3,098,0006374$ 1,979
$ Volume And Number Of Transactions
Row LabelsDollar VolumeNumber of Sales
20178135180221
Qtr1292330006
Qtr2106450026
Qtr387250002
Qtr4327488007
20182827470013
Qtr1132960006
Qtr280399002
Qtr358888004
Qtr410500001
2019443389519
Qtr18680001
Qtr213841001
Qtr3124750004
Qtr4296118513
2020414940008
Qtr1214500002
Qtr271000003
Qtr4129440003
20218189222714
Qtr159050003
Qtr2364522275
Qtr3132800004
Qtr4262550002
2022199520005
Qtr123000002
Qtr2176520003
Qtr300
Qtr400
2023230791004
Qtr1165431002
Qtr265360002
Grand Total32038278074
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total Size (SF)
20170000
Qtr154225086054945
Qtr2392.25213865199830
Qtr3545.532077126111
Qtr4499.2535470976217
20180000
Qtr1686.1666666666744497126482
Qtr2521.520384036258
Qtr3593.544777911858
Qtr4116411641164902
20190000
Qtr18188188181061
Qtr25625625622461
Qtr351027080129748
Qtr4860.33333333333376143369900
20200000
Qtr11245239225110654
Qtr2711.3333333333356487610854
Qtr4520.532072132800
20210000
Qtr12012.5200920165955
Qtr22001.51986201660979
Qtr31983.251949201222989
Qtr42000.519902011893
20220000
Qtr12016201620161924
Qtr219671959198220621
Qtr30000
Qtr40000
20230000
Qtr11990196320174182
Qtr21986.5197919949823
Grand Total1062.48484848482032251717447

2023 Q2

New Westminster Retail Sales

Sales & Price By Neighbourhood
Row LabelsSale PriceSize (SF)Price/SF
$ Volume And Number Of Transactions
Row LabelsDollar VolumeNumber of Sales
201712996176619
Qtr167500003
Qtr21068708667
Qtr343050003
Qtr4120359006
201813672244812
Qtr11050252482
Qtr215494002
Qtr3184478005
Qtr4117000003
201926272376.1613
Qtr167520003
Qtr255550003
Qtr313105376.166
Qtr48600001
202038125004
Qtr18000001
Qtr319625002
Qtr410500001
20212827145011
Qtr1146264505
Qtr220300001
Qtr347700003
Qtr468450002
202225289773.049
Qtr142100002
Qtr219854773.045
Qtr300
Qtr412250002
202343000002
Qtr143000002
Qtr200
Grand Total354630313.270
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total Size (SF)
20170000
Qtr1374.6666666666727555719284
Qtr2491.28571428571326607190386
Qtr3457.333333333333055599190
Qtr4524.6666666666734961317810
20180000
Qtr1574457691153190
Qtr23241564928079
Qtr3521.219997045206
Qtr4954.66666666667832117011415
20190000
Qtr1535.6666666666733970112635
Qtr2586.3333333333349070210328
Qtr3660.33333333333363108023425
Qtr43313313312597
20200000
Qtr13443443442324
Qtr37026277772928
Qtr43853853852730
20210000
Qtr1611.646782926289
Qtr23893893895223
Qtr3445.3333333333319874813662
Qtr494971511838659
20220000
Qtr16346346346638
Qtr2929.2719102524966
Qtr30000
Qtr46745987501913
20230000
Qtr15115115115680
Qtr20000
Grand Total591.227272727271561183604557

2023 Q2

North Vancouver Retail Sales

Sales & Price By Neighbourhood
Transaction NameSale PriceSize (SF)Price/SF
133 West 1st Street$ 2,550,0002049$ 1,245
131 West 1st Street$ 1,580,0001283$ 1,231
$ Volume And Number Of Transactions
Row LabelsDollar VolumeNumber of Sales
201711603790036
Qtr1246350008
Qtr2459090008
Qtr362050004
Qtr43928890016
20184999525214
Qtr1144160423
Qtr328400025
Qtr4327392086
20192145750013
Qtr124200003
Qtr238000004
Qtr370625004
Qtr481750002
202086977028.3329
Qtr1357230016
Qtr260828884
Qtr332235945.5810
Qtr412935193.759
202191067249.833
Qtr1171440009
Qtr220739494.87
Qtr3278947558
Qtr4252890009
20224921052513
Qtr1184005256
Qtr269800002
Qtr3168800003
Qtr469500002
20232303100013
Qtr11890100011
Qtr241300002
Grand Total437776455.13151
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total Size (SF)
20170000
Qtr1734.25393103828417
Qtr2732.850395263224
Qtr3769.7551710508819
Qtr4708.6444117840394
20180000
Qtr1957.66666666667930100815273
Qtr3886.66666666667678104510478
Qtr4643.8333333333335387551471
20190000
Qtr1859.666666666677539802797
Qtr2933.7581010454015
Qtr3843501119810785
Qtr41185.5105013217060
20200000
Qtr1967.8865113945848
Qtr2931.7573411006868
Qtr3806.7401105644621
Qtr4891385141312670
20210000
Qtr1843.77777777778548124823490
Qtr21028541147620971
Qtr31012.125708146729919
Qtr41141954135912056
20220000
Qtr11286.1666666667987161613420
Qtr21403.5136614414908
Qtr31132.33333333331067120215149
Qtr41059.586912507417
20230000
Qtr11315.45454545451021154015243
Qtr21238123112453332
Grand Total946.889705882353531616498645

2023 Q2

Port Coquitlam Retail Sales

Sales & Price By Neighbourhood
Transaction NameSale PriceSize (SF)Price/SF
2227 McAllister Avenue$ 3,300,0006484$ 1,978
1502 Columbia Avenue$ 2,150,0005400$ 1,968
2133 Nova Scotia Avenue$ 1,313,2208729$ 1,972
$ Volume And Number Of Transactions
Row LabelsDollar VolumeNumber of Sales
201738777032.9611
Qtr11499044.961
Qtr239500001
Qtr3186000003
Qtr4147279886
20181346056511
Qtr142655654
Qtr234650003
Qtr321850002
Qtr435450002
2019215735003
Qtr210250001
Qtr4205485002
2020230400005
Qtr101
Qtr2171400002
Qtr336000001
Qtr423000001
202128610999.999
Qtr100
Qtr263780003
Qtr314682999.993
Qtr475500003
2022261293107
Qtr142348102
Qtr3174945003
Qtr444000002
202367632203
Qtr100
Qtr267632203
Grand Total158354627.9549
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total Size (SF)
20170000
Qtr1171.7315797915171.7315797915171.73157979158729
Qtr2270.54794520548270.54794520548270.5479452054814600
Qtr3456.87861665032201.5436410691756.9371268001457914
Qtr4676.2243586229257.995194617971771.481481481542177
20180000
Qtr1425.63502672612385487.634970393599958
Qtr2447.33553271953432.39951278928462.794918330317742
Qtr3426.19806280814426.03953646898426.356589147295127
Qtr4405.66488522704364.36007348438446.96969696978233
20190000
Qtr2394.23076923077394.23076923077394.230769230772600
Qtr4237.3976113177783.260424663502391.53479797204222698.14475571
20200000
Qtr10000
Qtr249044054032135
Qtr34184184188610
Qtr46396396393600
20210000
Qtr10000
Qtr219961981201115633
Qtr32001.52000200335213
Qtr41958.3333333333194819764354
20220000
Qtr11977197619786719
Qtr31967.3333333333194819787508
Qtr41955195419560
20230000
Qtr10000
Qtr21972.66666666671968197820613
Grand Total1022.577393906283.2604246635022011514163.14475571

2023 Q2

Port Moody Retail Sales

Sales & Price By Neighbourhood
Transaction NameSale PriceSize (SF)Price/SF
2525 Saint Johns Street$ 3,668,888--
$ Volume And Number Of Transactions
Row LabelsDollar VolumeNumber of Sales
201762422005
Qtr111602002
Qtr26390001
Qtr325300001
Qtr419130001
2018190872009
Qtr294850002
Qtr328000001
Qtr468022006
201986170004
Qtr141000001
Qtr27920001
Qtr437250002
202055650005
Qtr121000001
Qtr212300001
Qtr313850002
Qtr48500001
202100
Qtr100
Qtr200
Qtr300
Qtr400
2022105688883
Qtr136688881
Qtr369000002
Qtr400
202392173531
Qtr100
Qtr292173531
Grand Total5929764127
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total Size (SF)
20170000
Qtr1577.73033707865474681.46067415732137
Qtr2434.39836845683434.39836845683434.398368456831471
Qtr34604604605500
Qtr4910.95238095238910.95238095238910.952380952382100
20180000
Qtr21126.54320987651126.54320987651126.54320987655086
Qtr324024024011665
Qtr4812.666666666676879048444
20190000
Qtr18158158155032
Qtr2903903903877
Qtr4754.56958144807
20200000
Qtr15865865863585
Qtr28668668661421
Qtr3953.59499581451
Qtr4119411941194712
20210000
Qtr10000
Qtr20000
Qtr30000
Qtr40000
20220000
Qtr10000
Qtr39409409404575
Qtr40000
20230000
Qtr10000
Qtr257157157116146
Grand Total770.59810972679240119475009

2023 Q2

Richmond Retail Sales

Sales & Price By Neighbourhood
Transaction NamePrice Size (SF)Price/SF
5491 Parkwood Way$ 24,000,00019400$ 1,237
Unit 1010, 4380 No. 3 Road$ 5,600,0005499$ 1,018
3920 Francis Road$ 3,390,0002825$ 1,200
Unit 130, 6833 Buswell Street$ 3,070,0002356$ 1,303
Unit 1206, 8338 Capstan Way$ 1,600,000696$ 2,299
Unit 1105, 8766 McKim Way$ 1,080,000940$ 1,149
Unit 1, 5911 Cooney Road$ 1,080,0001130$ 956
$ Volume And Number Of Transactions
Row LabelsDollar VolumeNumber of Sales
201734573270071
Qtr122506080011
Qtr24403949921
Qtr31126140015
Qtr46537100124
2018196659398.753
Qtr18550286813
Qtr22109053812
Qtr32638800013
Qtr463677992.715
201996722564.1640
Qtr137645974.1614
Qtr23836950014
Qtr3184880006
Qtr422190906
2020135814600.5553
Qtr1582280010
Qtr24170299922
Qtr325168801.5514
Qtr4631200007
202111659754939
Qtr14949786212
Qtr22437800010
Qtr3222308887
Qtr42049079910
202212638930054
Qtr1117336008
Qtr27294670033
Qtr3293660009
Qtr4123430004
20234951410015
Qtr168551005
Qtr24265900010
Grand Total1067430212.41325
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total Size (SF)
20170000
Qtr1831.545454545455661259365178
Qtr2864.57142857143175175467907
Qtr31035.9333333333520147611192
Qtr4982.173913043483492091103936
20180000
Qtr11172.16071646802646
Qtr2882.91666666667383127637436
Qtr3894.23076923077425162044826
Qtr4899.666666666672911570121538
20190000
Qtr1830.28571428571390146168604
Qtr2890.357142857142131513157273
Qtr3798.16666666667592107222100
Qtr4792.6666666666764810292878
20200000
Qtr11015.534015456008
Qtr2957.09090909091497145842376
Qtr3881.14285714286499169326115
Qtr4821.571428571435381148113177
20210000
Qtr1829.33333333333427165194627
Qtr2868.9445179634737
Qtr31113.1666666667778189214097
Qtr41163.12566018789708
20220000
Qtr11364.87595818509263
Qtr21813.1515151515541278742430
Qtr31006.1111111111437181339734
Qtr4848.3333333333355413286844
20230000
Qtr1704.859211009762
Qtr21405.411956233034774
Grand Total1042.132839116717527872289166

2023 Q2

Vancouver Retail Sales

Sales & Price By Neighbourhood
Transaction NamePrice Size (SF)Price/SF
695 East 47th Avenue$ 6,700,0007183$ 933
3565 Commercial Street$ 4,616,800--
2411 Nanaimo Street$ 4,500,0003083$ 1,460
4554 West 10th Avenue$ 3,150,0004035$ 781
2270-2276 East Hastings Street$ 2,700,0003600$ 750
Unit 130, 2520 Guelph Street$ 2,131,2501606$ 1,327
$ Volume And Number Of Transactions
Row LabelsDollar VolumeNumber of Sales
20171820059277176
Qtr1114848657546
Qtr230897188042
Qtr314530550041
Qtr421729532247
20181053039932.29145
Qtr111374030027
Qtr2295794091.5240
Qtr316847450539
Qtr4475031035.7739
2019334615883.24101
Qtr1355957349
Qtr2154368111.7443
Qtr365413037.525
Qtr47923900024
202025815474394
Qtr14454400020
Qtr25835285515
Qtr38789488831
Qtr46736300028
2021433755800.33133
Qtr197403039.3329
Qtr211019818842
Qtr38769690425
Qtr413845766937
2022403352517.1895
Qtr1132922337.5735
Qtr2128890990.9528
Qtr34808568813
Qtr493453500.6619
202310568730334
Qtr16224100015
Qtr24344630319
Grand Total4408665456.04778
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total Size (SF)
20170000
Qtr1959.0454545454530630414545871
Qtr21107.09756097562254219362203
Qtr3978.487804878051973160183431
Qtr41198.968753502189163284
20180000
Qtr11046.37037037044472119117464
Qtr21120.97058823534232922267710
Qtr31100.33333333331723211165445
Qtr41029.89743589743563026574489
20190000
Qtr1942.88888888889383139147751
Qtr2868.790697674422891732200738
Qtr31175.52508306962968
Qtr4965.625992111141058
20200000
Qtr1938.55485179657524
Qtr21205.1333333333644234457144
Qtr31139.3448275862706210757690
Qtr41026388191177234
20210000
Qtr11070.3214285714505229598479
Qtr21054.87804878055101925105685
Qtr31272.347826087510266875750
Qtr41043.46666666673912764141158
20220000
Qtr11201410212269382
Qtr21329.2380952381604234673176
Qtr31109.6923076923602177644675
Qtr41460.5714285714505318430757
20230000
Qtr11106833195442821
Qtr21301.625750196231258
Grand Total1084.35483870979942197795145

2023 Q2

West Vancouver Retail Sales

Sales & Price By Neighbourhood
Transaction NameSale PriceSize (SF)Price/SF
$ Volume And Number Of Transactions
Row LabelsDollar VolumeNumber of Sales
20175505160012
Qtr1287880003
Qtr259040004
Qtr3119330002
Qtr484266003
2018746500003
Qtr296500002
Qtr3650000001
201976100003
Qtr25800001
Qtr370300002
202025000001
Qtr100
Qtr200
Qtr325000001
Qtr400
2021311687366
Qtr134100001
Qtr2179037363
Qtr351750001
Qtr446800001
2022220165005
Qtr150890002
Qtr284275002
Qtr300
Qtr485000001
202300
Qtr100
Qtr200
Grand Total19299683630
Quarterly Total Volume (Sf)
Row LabelsPrice/SF (Average)Price/SF (Lowest)Price/SF (Highest)Total Size (SF)
20170000
Qtr11267.3333333333880194522027
Qtr2684.75508110710190
Qtr3933781108514786
Qtr41442144214423985
20180000
Qtr21470112718135473
Qtr326002600260024992
20190000
Qtr25615615611033
Qtr3776.55989559641
20200000
Qtr10000
Qtr20000
Qtr31190.47619047621190.47619047621190.47619047622100
Qtr40000
20210000
Qtr19749749743500
Qtr2138187518879701
Qtr38488488486100
Qtr41120112011204178
20220000
Qtr1134913491349659
Qtr21375.5122915226704
Qtr30000
Qtr40000
20230000
Qtr10000
Qtr20000
Grand Total1139.8990476195082600125069
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