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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