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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 1395 properties for sale on the MLS in Vancouver and Burnaby
Price Type Area Description Provided By
Add to Cart $2200000 Detached Hastings Welcome home to this move-in r… Century 21 In Town Realty
Add to Cart $749000 Attached Downtown VW Sutton Group-West Coast Realty (Langley)
Add to Cart $2048000 Detached Burnaby Lake A custom built home in Burnaby… Nu Stream Realty Inc.
Add to Cart $2300000 Detached Collingwood VE Selling as land assembly. All … Royal Pacific Realty Corp.
Add to Cart $1350000 Detached Brentwood Park Corner Lot 66 x 122, R4 zoning… RE/MAX Central
Add to Cart $3888000 Detached Dunbar Most desired Dunbar location 4… Team 3000 Realty Ltd.
Add to Cart $3088000 Detached Kitsilano Fantastic potential developmen… Oakwyn Realty Downtown Ltd.
Add to Cart $1249000 Detached Willingdon Heights STUNNING 180 DEGREE CITYSCAPE … Sutton Group - Seafair Realty
Add to Cart $2488000 Detached South Vancouver 0.4 km to John Henderson Eleme… New Coast Realty
Add to Cart $2499000 Detached South Slope A Rarely Available Luxurious S… New Coast Realty