For the most part, commercial real estate sales slowed considerably throughout the Greater Vancouver area during the first quarter of 2019.
In terms of volume, the hardest hit among the asset classes was Retail. In Q1-2019 volume fell a big 78% and 92% from Q1-2018 and Q1-2017 respectively, with every community in the region down. On the transactions side, the quarter was down 42% from one year ago and 57% from two years ago. However, the number of transactions was up slightly from Q1-2018 in Richmond (8%) and New Westminster (50%).
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