2021 Q4

Greater Vancouver ICI Land Sales Market Report

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Sources: Real Estate Board of Greater Vancouver, Commercial Edge; Canadian Real Estate Association, MLS®; Altus Group; Statistics Canada; Landcor; RealNet.

Disclaimer: Data has been obtained from sources considered to be reliable. However, no representation or warranty, expressed or implied, is made as to the accuracy of any of the information, projections or conclusions contained  herein, and the same is submitted subject to errors and omissions, without any obligation to update or correct.

Table Of COntents

Highlights

How ICI Land properties have responded to the market.

100
2021 Q4 Sales Transactions
$110B
2021 Q4 Sales Volume
440

Largest Market Share - City

2021 Q4

Greater Vancouver Overview

Total Sales & Transaction Volume
20172018201920202021
Sales$ Volume %Sales$ Volume%Sales$ Volume%Sales $ Volume%Sales$ Volume%
Burnaby7$ 36,263,8084%9$ 38,497,0004%6$ 40,183,6009%5$ 16,105,0003%7$ 81,840,0009%
Coquitlam10$ 25,679,0003%8$ 76,207,0009%4$ 11,827,0003%6$ 101,005,00017%5$ 81,705,0009%
New Westminster2$ 2,204,8220%0$ 00%5$ 12,415,0003%0$ 00%1$ 5,000,0001%
North Vancouver9$ 237,341,51123%2$ 5,299,5701%2$ 13,150,0003%1$ 58,550,75810%1$ 2,450,0000%
Port Coquitlam10$ 43,140,9984%6$ 27,489,0003%5$ 87,840,00020%5$ 29,865,6005%2$ 24,330,0003%
Port Moody0$ 00%1$ 1,081,9050%4$ 16,174,7004%1$ 2,750,0000%2$ 1,880,0000%
Richmond44$ 188,597,96319%37$ 185,771,00921%19$ 120,677,80027%16$ 64,275,88811%26$ 112,844,61012%
Vancouver38$ 481,377,00147%33$ 547,754,00562%11$ 140,261,90032%16$ 324,544,29754%24$ 626,157,49667%
Grand Total120$ 1,014,605,103100%96$ 882,099,489100%56$ 442,530,000100%50$ 597,096,543100%56$ 936,207,106100%
2017
Burnaby7$ 36,263,8084%
Coquitlam10$ 25,679,0003%
New Westminster2$ 2,204,8220%
North Vancouver9$ 237,341,51123%
Port Coquitlam10$ 43,140,9984%
Port Moody0$ 00%
Richmond44$ 188,597,96319%
Vancouver38$ 481,377,00147%
Grand Total120$ 1,014,605,103100%
2018
Burnaby9$ 38,497,0004%
Coquitlam8$ 76,207,0009%
New Westminster0$ 00%
North Vancouver2$ 5,299,5701%
Port Coquitlam6$ 27,489,0003%
Port Moody1$ 1,081,9050%
Richmond37$ 185,771,00921%
Vancouver33$ 547,754,00562%
Grand Total96$ 882,099,489100%
2019
Burnaby6$ 40,183,6009%
Coquitlam4$ 11,827,0003%
New Westminster5$ 12,415,0003%
North Vancouver2$ 13,150,0003%
Port Coquitlam5$ 87,840,00020%
Port Moody4$ 16,174,7004%
Richmond19$ 120,677,80027%
Vancouver11$ 140,261,90032%
Grand Total56$ 442,530,000100%
2020
Burnaby5$ 16,105,0003%
Coquitlam6$ 101,005,00017%
New Westminster0$ 00%
North Vancouver1$ 58,550,75810%
Port Coquitlam5$ 29,865,6005%
Port Moody1$ 2,750,0000%
Richmond16$ 64,275,88811%
Vancouver16$ 324,544,29754%
Grand Total50$ 597,096,543100%
2021
Burnaby7$ 81,840,0009%
Coquitlam5$ 81,705,0009%
New Westminster1$ 5,000,0001%
North Vancouver1$ 2,450,0000%
Port Coquitlam2$ 24,330,0003%
Port Moody2$ 1,880,0000%
Richmond26$ 112,844,61012%
Vancouver24$ 626,157,49667%
Grand Total56$ 936,207,106100%
$ Volume And Number Of Transactions
Row LabelsVolumeTransactions
2017
Qtr1323692806.338
Qtr2247393094.928
Qtr319280740122
Qtr425071180132
2018
Qtr116022220124
Qtr228654088829
Qtr333049314524
Qtr410484325519
2019
Qtr18790550011
Qtr217851470020
Qtr38710270015
Qtr48900710010
2020
Qtr118017644417
Qtr2412219050122
Qtr3159685270.551
Qtr4203720211.2213
2021
Qtr118045800016
Qtr215696000015
Qtr325873688819
Qtr4340052218.4318
ICI Land Market Share

ICI Land Specialists


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Josh Rosenberg

Josh Rosenberg

Managing Broker

Josh was born and raised in Vancouver, B.C. He grew up in Dunbar and attended several small private schools. Josh was a member of the first class to graduate from the prestigious West Point Grey Academy. From his mother, an award-winning author and Member of the Order of Canada, he…
Romie Babraa

Romie Babraa

MBA, CSPO

Romie Babraa has always had a curiosity for solving complex problems with focused and innovative solutions, which he uses to provide successful outcomes to his commercial real estate clients. His unique skillset and deep analytical experience allow him to gauge investment opportunities from multiple perspectives at once in order to…
Brian Oh

Brian Oh PREC*

M.Eng

Brian Oh is a certified real estate agent representing homeowners, prospective homeowners, and commercial real estate investors in the Greater Vancouver region. Dedicated to fostering long-lasting relationships, Brian is recognized for his client-centric philosophy and analytical acumen in sourcing high-quality properties and/or buyers, and working alongside clients through each phase…
Bready Wu

Bready Wu

With many years of experience in the hospitality industry, this has given Bready a high level of understanding of how important it is to follow Platinum Rule: Always treat others the way they want to be treated. From growing up in a major city in China, completing education studies in…
Michael Coulter

Michael Coulter

With a fresh perspective and an unwavering commitment to excellence, Michael Coulter is poised to make a significant impact in the industry. Michael brings a unique blend of enthusiasm, adaptability, and a hunger to succeed. Drawing from a diverse background, he approaches real estate with a fresh set of eyes,…
Olga Tarasenko

Olga Tarasenko

B.Ling (BACHELOR OF LINGUISTICS), DIBM

“Set a goal so big that you can’t achieve, until you grow into the person who can” - this quote perfectly describes Olga’s nature and attitude to business. Born in Ukraine, Olga moved to Canada right after she got her Bachelors in Linguistics, becoming fluent in English and Japanese. Vancouver…
Alex Kwong

Alex Kwong

BA

Focused Industrial

Alex, a native of Vancouver, B.C., has a thriving career as a commercial real estate agent, with a particular focus on the industrial asset class. Embarking on his real estate journey in the residential sector while residing in Calgary, Alberta, Alex swiftly established himself. Over his initial two years, he…
Dean Thomas

Dino (Dean) Thomas PREC*

DEC

For Dean Thomas, real estate investment grew from a curiosity in high school to a passion as he continued his studies while growing up in Quebec. From an early age he enthusiastically followed the progression of raw land from concept, to development, to final completion. An exceedingly successful negotiator, he…
Nahal Gamini

Nahal Gamini PREC*

IIDA, IDC, NCIDQ

Nahal Gamini is an award-winning Interior Designer, with 17 years of experience in Development and Real Estate, bringing enthusiasm and expertise to each client that she represents. She offers each of her clients personalized service and expertise on location, space, and lease/purchase options and is a trusted resource in the…
Eugen Klein

Eugen Klein

B.Comm, FRI, CLO, CRES, ARM®, RI, CCIM, CIPS, ICD.D

- Royal LePage National Chairman's Club (Top 1%) 2012 - 2019 - Royal LePage Award of Excellence 2014 - 2019 - Royal LePage Top 10% National Commercial Sales 2017, 2019 - #1 in Canada for Royal LePage Commercial in 2017 - Commercial REALTOR® 24 years - Mobile Home Park owner…
Dmytro Chernysh

Dmytro Chernysh PREC*

DIBM, BSKin

Focused Industrial

Dmytro Chernysh joined Klein Group Royal LePage Commercial in 2018 and specializes in both investment sales and leasing of industrial properties and development sites throughout Greater Vancouver. Dmytro’s honest approach to advisory and service excellence has fast resulted in repeat assignments with loyal clientele. He currently represents over $175 million…
Anthony Ibhahe

Anthony Ibhahe PREC*

M.Eng

Anthony graduated from the University of British Columbia with a Master of Engineering Degree in Chemical Engineering and Engineering Management. He is currently a CCIM Canadian Candidate Member. With over 14 + years of real estate experience, Anthony is a true believer in the “POWER OF KNOWLEDGE”, which is why…
Sunny Oberoi

Sunny Oberoi

As a young Commercial real estate professional, Sunny brings over 20 years of worth of experience to the Lower Mainland Real Estate Community. Striving to achieving his goals has always come naturally to Sunny as he was a competitive cyclist at the age of thirteen and later in his teens,…
Amir Kamyab-Nejad

Amir Kamyab-Nejad

B.Eng, MBA

With a profound reputation preceding him, Amir Kamyab-Nejad stands as an exemplar of intellectual prowess, strategic acumen, and visionary leadership. His multifaceted skill set is a testament to his exceptional abilities in guiding developer and investor clients through the intricacies of diverse markets since 2012. Hailing from Iran, Amir holds…
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