According to the release of the Statistics on September 15, 2022 by Commercial Edge, Lower Mainland’s Commercial Land market sees fewer transactions in the second quarter of 2022.
Commercial Land: There were 221 commercial land sales in Q2 2022, which is a 9.1 per cent decrease from the 243 land sales in Q2 2021. The dollar value of land sales was $1.670 billion in Q2 2022, a 9.9 per cent decrease from $1.854 billion in Q2 2021.
There were 781 commercial land sales in 2021, which is an 86.8 per cent increase from the 418 land sales in 2020. The dollar value of land sales was $7.28 billion in 2021, a 73.6 per cent increase from $4.19 billion in 2020.
Owned and operated by the Greater Vancouver Realtors® (GVR), the Commercial EDGE system includes all commercial real estate transactions in the Lower Mainland region of BC that have been registered with the Land Title and Survey Authority of British Columbia.
Commercial EDGE is updated monthly based on data originating from the BC Assessment Authority. Commercial EDGE does not include share sale transactions as they are not registered with the Land Title and Survey Authority of British Columbia. Please note that historical data may be subject to revision as transaction records are received from the Land Title and Survey Authority of British Columbia.
