Vancouver Apartment-Building Sales Plunge: Goodman
Connect CRE
AI Article Summary
Apartment-building sales in Metro Vancouver saw a significant decline in the first half of the year, primarily driven by a drop in suburban property transactions. The dollar volume decreased by 40%, with the number of transactions falling 46%. Notably, sales by non-profit and government buyers declined, contributing to the downturn. However, new construction represented 64% of the total sales volume, and a rebound is anticipated in the second half of the year.
