British Columbia Real Estate Investment Review (Year-End 2021)

British Columbia Real Estate Investment Review (Year-End 2021) March 29, 2022

A robust resurgence in investor confidence in British Columbia’s commercial real estate market took hold in 2021 with sales activity achieving new heights with the most deals ever registered in a single year in BC and the third-highest dollar volume on record. As the impacts of COVID-19 containment measures began to wane by year’s end, an astonishing 292 deals (industrial, retail and office) valued at $5.32B transacted in 2021– far surpassing the record of 232 transactions set in 2017. (Avison Young tracked retail, office and industrial deals valued at more than $5M per transaction for this report.)

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