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Major drop in commercial sales but not for lack of demand!

Greater Vancouver has seen a major drop in commercial sales over the last year, but not for lack of demand, as the supply is seriously constrained compared to last year’s available inventory, according to a report released by REMAX Commercial. There were 875 sales during Q2 last year, but only 595 this year. Last year’s $4.62bln fell 37.5% in 2017, as commercial sales in Q2 only totalled $2.89bln. Land sales also decreased year-over-year in Q2, from $2.12bln in 2016 to $1.51bln this year – a 29% drop. The report noted that local investors are Greater Vancouver’s greatest market drivers, but that there’s also strong interest originating from south of the border, as well as Europe and Asia. The GVA is absorbing office space quickly - the vacancy rate for A-class offices is 6.7% -- and, in Q2, over 700,000 square feet of industrial space was absorbed, 50,000…

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There are 1643 properties for sale on the MLS in Vancouver and Burnaby
Price Type Area Description Provided By
Add to Cart $4770000 Detached MacKenzie Heights Completely renovated house on … Macdonald Realty
Add to Cart $1268000 Detached Edmonds BE This two level family home loc… Nu Stream Realty Inc.
Add to Cart $1488000 Detached Sullivan Heights 7200sqft lot sitting on a very… Nu Stream Realty Inc.
Add to Cart $1998000 Detached South Slope Location! Brand new!View! Inne… Nu Stream Realty Inc.
Add to Cart $680000 Attached Downtown VW Luxurious 1 bed & den & solari… Saba Realty Ltd.
Add to Cart $2788000 Detached Sullivan Heights Brand new huge house in a quie… Regent Park Fairchild Rlty Inc
Add to Cart $1788000 Detached Knight RM 1N Zoning!! Excellent multi… Sutton Group-West Coast Realty
Add to Cart $2789800 Detached Burnaby Hospital Exceptional Home completed Fal… Sutton Select Property Mgmt
Add to Cart $1499000 Detached Deer Lake Place Picture perfect 4 bedroom fami… Nu Stream Realty Inc.
Add to Cart $749000 Attached Coal Harbour First time on the market from … Oakwyn Realty Ltd.
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