Retail property trades in the Vancouver region exceeded $950 million in transaction volume in the second quarter of 2024. Nearly a third of this recent sales volume has been categorized as short- to mid-term land plays in which the property sold for land value, while the remaining $640 million includes trades of existing retail properties that aren’t likely to see a shovel any time soon.
Trades of Vancouver Retail Properties Spike in the Second Quarter
Increased Optimism Among Retail Investors, Changes to the Capital Gains Inclusion Rate Lead to Near-Record Sales Volume
By Paul Richter
CoStar Analytics
August 16, 2024 | 9:37 P.M.
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IN THIS ARTICLE
- Properties
- Robson Centreplace
818 Thurlow St, Vancouver, BC
- Costco
20499 64 Ave, Langley, BC