Commercial market gains in Vancouver’s Lower Mainland

The Lower Mainland area of Vancouver saw a five-year quarterly high in commercial property sales. Figures from the Real Estate Board of Greater Vancouver show that there were 550 commercial real estate sales in the Lower Mainland between July and September 2015; a 16.8 per cent rise from the same period last year. The total dollar value was $1.9 billion, up 33.6 per cent from a year earlier. “We’ve seen steady demand in our commercial real estate market throughout 2015,” Darcy McLeod, REBGV president said. “Commercial activity in the Lower Mainland is benefiting from the strength of our provincial economy, which has outperformed the rest of the country for much of the year.”

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