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Vancouver Commercial Real Estate

Value of Property Deals Rising

The number of commercial property transactions is down, according to Q3 data released by the Real Estate Board of Greater Vancouver's Commercial Edge, but the dollar value of properties sold is up. REBGV president Sandra Wyant (fourth from left, accepting an award from Excellence Canada for the REBGV) points to office and retail activity as the big reason behind the increase ($1.4B in Q3, a 16.6% increase over last year and a 35.7% increase from Q2). However there were 393 commercial real estate sales in the Lower Mainland in Q3, a 17.4% decline year over year.

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Related Topics: Real Estate Board, Sandra Wyant
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