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Vancouver Commercial Real Estate

Vacant Land Transactions Drive The Bus

According to the Real Estate Board of Greater Vancouver, there were 441 commercial real estate sales in the Lower Mainland in Q1 2014, up from the 386 sales recorded in Q1 2013. REBGV pres Ray Harris says after a strong 2013, office and retail activity declined in Q1, while vacant land transactions in the Lower Mainland outsold all other commercial categories over this period. (We like our land the way a cowboy likes a bottle of whiskey: empty.) Total dollar value of commercial sales in the region was $1.4B, a 45.5% increase from Q1 2013.

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Related Topics: Ray Harris, Real Estate Board
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