Last year, the Vancouver market began to see an uptick in distressed land sales, a trend that is likely to continue in 2025. These forced sales often involve development sites that were acquired at the peak of the market by developers now facing the prospect of extended carrying costs while awaiting redevelopment entitlements.
From boom to distress, change in Vancouver land values force developers to adjust on the fly
Distressed sales trend expected to extend well into 2025
By Paul Richter
CoStar Analytics
February 13, 2025 | 8:54 P.M.
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