2024 Q3

Greater Vancouver ICI Land Sales Market Report

Klein | Reports | 2024 - Q3 Commercial ICI 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 ICI Land properties have responded to the market.

100
2024 Q3 Sales Transactions
$110B
2024 Q3 Sales Volume
440

Largest Market Share - City

2024 Q3

Greater Vancouver Overview

Total Sales & Transaction Volume
2021202220232024 (Q1-Q3)
Sales$ Volume%Sales$ Volume%Sales$ Volume%Sales$ Volume%
Burnaby7$ 81,840,0009%6$ 73,940,00011%6$ 59,764,50018%8$ 105,300,00019%
Coquitlam5$ 81,705,0009%8$ 44,752,0007%7$ 18,924,2406%0$ 00%
New Westminster1$ 5,000,0001%0$ 00%1$ 1,000,0000%5$ 90,390,00016%
North Vancouver1$ 2,450,0000%1$ 9,100,0001%0$ 00%1$ 145,000,00026%
Port Coquitlam2$ 24,330,0003%5$ 23,750,0003%1$ 15,198,7984%4$ 11,849,0002%
Port Moody2$ 1,880,0000%0$ 00%0$ 00%1$ 3,810,0001%
Richmond26$ 112,844,61012%25$ 317,893,13947%14$ 126,312,80037%16$ 132,741,65124%
Vancouver24$ 626,157,49667%11$ 212,160,00031%13$ 120,194,00035%7$ 61,995,00011%
Total56$ 936,207,106100%56$ 681,595,139100%42$ 341,394,338100%42$ 551,085,651100%
2021
Burnaby7$ 81,840,0009%
Coquitlam5$ 81,705,0009%
New Westminster1$ 5,000,0001%
North Vancouver1$ 2,450,0000%
Port Coquitlam2$ 24,330,0003%
Port Moody2$ 1,880,0000%
Richmond26$ 112,844,61012%
Vancouver24$ 626,157,49667%
Total56$ 936,207,106100%
2022
Burnaby6$ 73,940,00011%
Coquitlam8$ 44,752,0007%
New Westminster0$ 00%
North Vancouver1$ 9,100,0001%
Port Coquitlam5$ 23,750,0003%
Port Moody0$ 00%
Richmond25$ 317,893,13947%
Vancouver11$ 212,160,00031%
Total56$ 681,595,139100%
2023
Burnaby6$ 59,764,50018%
Coquitlam7$ 18,924,2406%
New Westminster1$ 1,000,0000%
North Vancouver0$ 00%
Port Coquitlam1$ 15,198,7984%
Port Moody0$ 00%
Richmond14$ 126,312,80037%
Vancouver13$ 120,194,00035%
Total42$ 341,394,338100%
2024 (Q1-Q3)
Burnaby8$ 105,300,00019%
Coquitlam0$ 00%
New Westminster5$ 90,390,00016%
North Vancouver1$ 145,000,00026%
Port Coquitlam4$ 11,849,0002%
Port Moody1$ 3,810,0001%
Richmond16$ 132,741,65124%
Vancouver7$ 61,995,00011%
Total42$ 551,085,651100%
$ Volume And Number Of Transactions
Date$ VolumeSales
2019
Qtr18790550011
Qtr217851470020
Qtr38710270015
Qtr48900710010
2020
Qtr118017644417
Qtr2412219050122
Qtr3159685270.551
Qtr4203720211.2213
2021
Qtr118045800016
Qtr215696000015
Qtr325873688819
Qtr4340052218.4318
2022
Qtr130936200016
Qtr27888500010
Qtr3163063569.1815
Qtr413028457015
2023
Qtr115636924018
Qtr210435759814
Qtr3236475006
Qtr4585200005
2024
Qtr19417000012
Qtr239125885119
Qtr36565680011
ICI Land Market Share

2024 Q3

Burnaby ICI Land Sales

Sales & Price By Neighbourhood
Transaction NamePrice Size (Acre)Price/Acre
5689 Byrne Road$ 4,600,0001.0$ 4,554,455
$ Volume And Number Of Transactions
Row LabelsDollar VolumeTransactions
201900
Qtr1224956003
Qtr231500001
Qtr3133500001
Qtr411880001
202000
Qtr127950002
Qtr238800001
Qtr382000001
Qtr400
202100
Qtr100
Qtr200
Qtr300
Qtr400
202200
Qtr1492000003
Qtr200
Qtr300
Qtr4247400003
202300
Qtr1243100001
Qtr2101820003
Qtr393250004
Qtr400
202400
Qtr11240000008
Qtr2869200006
Qtr346000001
Grand Total00
Price/Acre (Avg)
Row LabelsAgriculturalCommercialIndustrialInstitutionalOtherGrand Total
2020000000
Qtr12472972.9700010994152.056733562.51
Qtr200025526315.79025526315.79
Qtr3005631868.00005631868.00
Qtr4000000
2021000000
Qtr1000000
Qtr2000000
Qtr3000000
Qtr4000000
2022000000
Qtr1007986281.67007986281.67
Qtr2000000
Qtr3000000
Qtr40007344380.0007344380.00
2023000000
Qtr10010955025.000010955025.00
Qtr2000000
Qtr3000000
Qtr4000000
2024000000
Qtr1563698.0007695652.00004129675.00
Qtr 2005465779.00005465779.00
Qtr304554455.000004554455.00
Grand Total000000

2024 Q3

Coquitlam ICI Land Sales

Sales & Price By Neighbourhood
Transaction NamePrice Size (Acre)Price/Acre
No Transactions---
$ Volume And Number Of Transactions
Row LabelsDollar VolumeTransactions
201900
Qtr100
Qtr248980002
Qtr349040001
Qtr420250001
202000
Qtr166050003
Qtr2910000002
Qtr300
Qtr400
202100
Qtr100
Qtr2115250001
Qtr3491800003
Qtr4210000001
202200
Qtr157600002
Qtr2586500006
Qtr363100002
Qtr493920003
202300
Qtr173866202
Qtr210000001
Qtr318850001
Qtr412660001
202400
Qtr100
Qtr2122000001
Qtr300
Grand Total28315962029
Price/Acre (Avg)
Row LabelsAgriculturalIndustrialInfrastructureOtherParkForeign InvestorGovernmentGrand Total
201900000000
Qtr100000000.00
Qtr200000000.00
Qtr300000000.00
Qtr4000050625.000050625.00
202000000000
Qtr1492341.000738540.0000001230881.00
Qtr2000003082038.007095159.0010177197.00
Qtr300000000.00
Qtr400000000.00
202100000000
Qtr100000000.00
Qtr200000000.00
Qtr3650970.004737475.00000005388445.00
Qtr403107428.00000003107428.00
202200000000
Qtr100000000.00
Qtr2299699.506932471.00000007232170.50
Qtr3000019006024.000019006024.00
Qtr4555556.00000000555556.00
202300000000
Qtr100000000.00
Qtr200000000
Qtr300000000
Qtr400000000
202400000000
Qtr100000000
Qtr20004468864.000004468864
Qtr300000000
Grand Total1998566.5014777374.00738540.00019056649.003082038.007095159.0046748326.50

2024 Q3

New Westminster ICI Land Sales

Sales & Price By Neighbourhood
Transaction NamePrice Size (Acre)Price/Acre
502 20th Street$ 10,000,0002.0$ 5,055,612
$ Volume And Number Of Transactions
Row LabelsDollar VolumeTransactions
201900
Qtr100
Qtr217500001
Qtr395150003
Qtr411500001
202000
Qtr100
Qtr200
Qtr300
Qtr400
202100
Qtr100
Qtr250000001
Qtr300
Qtr400
202200
Qtr100
Qtr200
Qtr300
Qtr400
202300
Qtr100
Qtr210000001
Qtr300
Qtr400
202400
Qtr112000001
Qtr2791900003
Qtr3100000001
Grand Total00
Price/Acre (Avg)
Row LabelsCommercialInfrastructureInstitutionalParkOtherIndustrialGrand Total
20190000000
Qtr10000000.00
Qtr2007510729.610007510729.61
Qtr3025586956.52004839357.43030426313.95
Qtr40005750000.00005750000.00
20200000000
Qtr10000000.00
Qtr20000000.00
Qtr30000000.00
Qtr40000000.00
20210000000
Qtr10000000.00
Qtr22134927.00000002134927.00
Qtr30000000.00
Qtr40000000.00
20220000000
Qtr10000000.00
Qtr20000000
Qtr30000000.00
Qtr40000000.00
20230000000
Qtr10000000.00
Qtr20000000
Qtr30000000
Qtr40000000
20240000000
Qtr10000000
Qtr20000057173755717375
Qtr30000050556125055612
Grand Total0000000

2024 Q3

North Vancouver ICI Land Sales

Sales & Price By Neighbourhood
Transaction NamePrice Size (Acre)Price/Acre
No Transactions---
$ Volume And Number Of Transactions
Row LabelsDollar VolumeTransactions
201900
Qtr111500001
Qtr2120000001
Qtr300
Qtr400
202000
Qtr1585507581
Qtr200
Qtr300
Qtr400
202100
Qtr100
Qtr200
Qtr324500001
Qtr400
202200
Qtr100
Qtr200
Qtr391000001
Qtr400
202300
Qtr100
Qtr200
Qtr300
Qtr400
202400
Qtr100
Qtr21450000001
Qtr300
Grand Total00
Price/Acre (Avg)
Row LabelsIndustrialInstitutionalRecreationGrand Total
20190000
Qtr106353591.1606353591.16
Qtr211718750.000011718750.00
Qtr30000.00
Qtr40000.00
20200000
Qtr10048555.5948555.59
Qtr20000.00
Qtr30000.00
Qtr40000.00
20210000
Qtr10000.00
Qtr20000.00
Qtr30000.00
Qtr40000.00
20220000
Qtr10000.00
Qtr20000.00
Qtr30000.00
Qtr40000.00
20230000
Qtr10000.00
Qtr20000
Qtr30000
Qtr40000
20240000
Qtr10000
Qtr26785213006785213
Qtr30000
Grand Total0000

2024 Q3

Port Coquitlam ICI Land Sales

Sales & Price By Neighbourhood
Transaction NamePrice Size (Acre)Price/Acre
440 Lincoln Avenue$ 1,899,0002.1$ 912,981
346 Laurier Avenue$ 3,000,0005$ 600,000
$ Volume And Number Of Transactions
Row LabelsDollar VolumeTransactions
201900
Qtr100
Qtr2620500003
Qtr3220000001
Qtr437900001
202000
Qtr1104000001
Qtr227000001
Qtr300
Qtr4140656002
202100
Qtr100
Qtr218300001
Qtr3225000001
Qtr400
202200
Qtr1140500002
Qtr200
Qtr397000003
Qtr400
202300
Qtr100
Qtr2151987981
Qtr300
Qtr400
202400
Qtr169500002
Qtr200
Qtr348990002
Grand Total00
Price/Acre (Avg)
Row LabelsAgriculturalCommercialIndustrialInstitutionalAgricultural BusinessGrand Total
201900000000
Qtr1000000.0000
Qtr2697115.0002129119.50002826234.5000
Qtr3002272727.00002272727.0000
Qtr4783058.000000783058.0000
202000000000
Qtr1003172666.00003172666.0000
Qtr20009310344.8309310344.8300
Qtr3000000.0000
Qtr4001379133.00001379133.0000
202100000000
Qtr1000000.0000
Qtr2349437.000000349437.0000
Qtr302592763.000002592763.0000
Qtr4000000.0000
202200000000
Qtr11163985.0002130000.00003293985.0000
Qtr2000000.0000
Qtr3464053.500000464053.5000
Qtr4000000.0000
202300000000
Qtr10010955025.000010955025.0000
Qtr200000000
Qtr300000000
Qtr400000000
202400000000
Qtr146000003206897001833448.500
Qtr200000000
Qtr3912981000600000756490.500
Grand Total00000000

2024 Q3

Port Moody ICI Land Sales

Sales & Price By Neighbourhood
Transaction NamePrice Size (Acre)Price/Acre
No Transactions in 2024 - Q3---
$ Volume And Number Of Transactions
Row LabelsDollar VolumeTransactions
201900
Qtr100
Qtr2104000002
Qtr357747002
Qtr400
202000
Qtr127500001
Qtr200
Qtr300
Qtr400
202100
Qtr118800002
Qtr200
Qtr300
Qtr400
202200
Qtr100
Qtr200
Qtr300
Qtr400
202300
Qtr100
Qtr200
Qtr300
Qtr400
202400
Qtr100
Qtr238100001
Qtr300
Grand Total00
Price/Acre (Avg)
Row LabelsCommercialIndustrialParkGrand Total
20190000
Qtr10000.00
Qtr209848484.853900000.0013748484.85
Qtr34616304.3514228723.40018845027.75
Qtr40000.00
20200000
Qtr14486133.77004486133.77
Qtr20000.00
Qtr30000.00
Qtr40000.00
20210000
Qtr10000.00
Qtr20000.00
Qtr30000.00
Qtr40000.00
20220000
Qtr10000.00
Qtr20000.00
Qtr30000.00
Qtr40000.00
20230000
Qtr10000.00
Qtr20000
Qtr30000
Qtr40000
20240000
Qtr10000
Qtr20000
Qtr30000
Grand Total0000

2024 Q3

Richmond ICI Land Sales

Sales & Price By Neighbourhood
Transaction NamePrice Size (Acre)Price/Acre
8660 Finn Road$ 8,000,00018.6$ 429,069
8011 Leslie Road$ 5,580,0000.2$ 27,352,942
10531 Granville Avenue$ 4,608,0004.4$ 1,050,376
7411 No.5 Road$ 2,399,8002.2$ 1,104,880
$ Volume And Number Of Transactions
Row LabelsDollar VolumeTransactions
201900
Qtr1148099004
Qtr2450928006
Qtr3126090005
Qtr4481661004
202000
Qtr1126510005
Qtr288350002
Qtr3167498885
Qtr4260400004
202100
Qtr1275780006
Qtr2330300007
Qtr3185688886
Qtr4336677227
202200
Qtr11068820005
Qtr2495600007
Qtr369548569.186
Qtr4919025707
202300
Qtr1694760008
Qtr2534768005
Qtr300
Qtr433600001
202400
Qtr1105950003
Qtr21015588519
Qtr3205878004
Grand Total00
Price/Acre (Avg)
Row LabelsAgriculturalAgricultural BusinessCommercialIndustrialGrand Total
2019000000
Qtr16192545.87472049.6912049689.444872563.7223586848.720
Qtr22864687.5707734193.511940035.2712538916.350
Qtr31238647.41016347419.83017586067.250
Qtr42005773.51002859862.194865635.710
2020000000
Qtr1328016.18203802.373923076.924476661.338931556.800
Qtr2555000.00003663845.004218845.000
Qtr3732695.00743767.00001476462.000
Qtr41127931.00654000.0004356846.006138777.000
2021000000
Qtr100000.000
Qtr200000.000
Qtr31106815.000001106815.000
Qtr4832683.33389243.5005388889.006610815.830
2022000000
Qtr1695200.00005611136.006306336.000
Qtr21174447.001977728.00003152175.000
Qtr3459182.75005551443.006010625.750
Qtr4490269.00509771.0009623431.0010623471.000
2023000000
Qtr11576763.00008782051.0051794070
Qtr2517762.00004242201.002379981.50
Qtr3000000
Qtr4420000.000004200000
2024000000
Qtr17451060007451060
Qtr21104692.250001104692.250
Qtr3861442000861441.666666670
Grand Total000000

2024 Q3

Vancouver ICI Land Sales

Sales & Price By Neighbourhood
Transaction NamePrice Size (Acre)Price/Acre
3917 Main Street$ 12,000,0000.3-
3675 West Broadway$ 9,570,0000.2-
162 East 23rd Avenue$ 4,000,0000.2-
$ Volume And Number Of Transactions
Row LabelsDollar VolumeTransactions
201900
Qtr1494500003
Qtr2391739004
Qtr3189500002
Qtr4140000001
202000
Qtr1864246864
Qtr2217000003
Qtr3574350004
Qtr4158984611.225
202100
Qtr11510000008
Qtr2819750005
Qtr31640880007
Qtr4230344496.435
202200
Qtr11363500005
Qtr200
Qtr3715600004
Qtr442500002
202300
Qtr1235000004
Qtr2272000004
Qtr3156000002
Qtr4538940003
202400
Qtr1134250002
Qtr2460000004
Qtr3255700003
Grand Total00
Price/Acre (Avg)
Row LabelsAgriculturalCommercialIndustrialInfrastructureOfficeParkGovernmentLong TermGrand Total
2019000000000000
Qtr1037998174.5600000037998174.56000
Qtr2036015923.5921075135.140017119565.220074210623.95000
Qtr30016943521.590037432432.430054375954.03000
Qtr400100719424.4600000100719424.46000
2020000000000000
Qtr1091665104.48076923076.9245883221.26000214471402.66000
Qtr200003191057.0003191057.0006382114.00000
Qtr3000000000.00000
Qtr4009138291.67000009138291.67000
2021000000000000
Qtr1035941476.0000000035941476.00000
Qtr2000000000.00000
Qtr37737931.0000055876102.0000063614033.00000
Qtr40012178485.500000012178485.50000
2022000000000000
Qtr13756574.0000000069589422.0073345996.00000
Qtr2000000000.00000
Qtr30012092732.0012273254.00000024365986.00000
Qtr4000000000.00000
2023000000000000
Qtr1000000000.00000
Qtr2009696970.00000009696970.00000
Qtr3000000000000
Qtr4025777778.0000000025777778.00000
2024000000000000
Qtr1000000000000
Qtr2000000000000
Qtr3000000000000
Grand Total11494505.00227398456.63181844560.3689196330.92104950380.26000706741961.82000

ICI Land Specialists


Warning: Undefined variable $output in /home/devkleingroup/public_html/wp-content/plugins/kg-custom-functionality-master/includes/agent_functions.php on line 346
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