BC Multi-Family Investment Report (Fall 2018)24 Oct 2018
BC multi-family market’s impressive first half of 2018 reveals signs of a likely slowing in sales activityAvison Young is pleased to present to you our Fall 2018 BC Multi-Family Investment Report.
Sales activity of BC multi-family assets remained at historic heights in the first half of 2018 with 42 transactions valued at $667 million. While the number of deals fell just short when compared with the first half of 2017 (46), the first half of 2018 did surpass the first half of 2017 in dollar volume ($652 million) and the second half of 2017 in both dollar volume and number of deals ($624 million/43).
While the number of transactions in 2017, 89, marked a new record, dollar volume of $1.275 billion fell short of the record set in 2015 when 80 properties valued at $1.41 billion traded hands. Despite the strong start to 2018, a new record for multi-family investment is not anticipated in 2018.
We trust the report will assist you in your real estate decision-making.
British Columbia Multi-Family Investment Report