Article

First Quarter Multifamily Sales Down From Q1-2018

Est. Reading: 1 minute

Q1-2019 Multifamily Apartment sales were down as part of a broader pattern of slow commercial real estate sales across the Greater Vancouver area.

The number of transactions was down 48% and 62% respectively from Q1-2018 and Q1-2017, while sales volume was down 19% and 76% respectively. Although volume was up in Burnaby (36%), North Vancouver (100%) and West Vancouver (100%), it was down in Vancouver (35%) and New Westminster (85%); and there were no sales during the first quarter in Richmond, Surrey and Tri-Cities.

To reference or download to our in-depth Multifamily Apartment Real Estate Report, please go to: Q1-2019 Multifamily Report

Summary
Asset Class
Multi-Family
Location
Greater Vancouver
Date
August 20, 2019
Author
Klein Commercial

Land Assembly Specialists

Eugen Klein

Eugen Klein


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B.Comm, FRI, CLO, CRES, ARM®, RI, CCIM, CIPS, ICD.D

Multi-Family Specialists

Eugen Klein

Eugen Klein

B.Comm, FRI, CLO, CRES, ARM®, RI, CCIM, CIPS, ICD.D

604 684 8844 · 701
[email protected]
- Royal LePage National Chairman's Club (Top 1%) 2012 - 2019 - Royal LePage Award of Excellence 2014 - 2019 - Royal LePage Top 10% National Commercial Sales 2017, 2019 - #1 in Canada for Royal LePage Commercial in 2017 - Commercial REALTOR® 24 years - Mobile Home Park owner…
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