Metro Vancouver commercial real estate market activity slows
Metro Vancouver commercial real estate transactions fell 13% in 2012’s third quarter compared with the previous quarter, although prices remained stable, RealNet Canada announced November 21.
The real estate research firm counted 315 transactions totalling more than $1 million, and a total overall transaction volume of $1.209 billion.
The third quarter was the sixth consecutive quarter of more than 300 transactions and $1 billion in value, according to RealNet Canada’s national research manager Paul Richter.
It was also the seventh consecutive quarter in which there has been at least four transactions priced above the $25 million threshold.