Market News

Commercial real estate sales top $6 billion in the Lower Mainland in 2014

The Lower Mainland’s commercial real estate market hit a five-year high in 2014 in terms of the number and value of sales within the year.

There were 1,963 commercial real estate sales in the Lower Mainland in 2014.

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Home buyer and seller activity outpaces historical averages in February

Conditions within the Metro Vancouver* housing market continued to strengthen in February as home sale and listing totals came in well above the region’s ten-year average for the month.

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Home buyers remain active despite reduced selection

The first month of 2015 saw home sale activity above historical norms, while the number of homes listed for sale trended below typical levels.

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Home sale and listing activity reach historical norms in 2014

It was a typical year for the Metro Vancouver housing market in certain respects.

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Commercial real estate market less active in the third quarter

The third quarter of 2014 was the least active of the year so far in the Lower Mainland’s commercial real estate market.

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Source: http://www.rebgv.org/news-statistics