2021 Q4

Greater Vancouver Land Sales Market Report

Home / Reports / 2021 - Q4 Commercial Residential Land 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 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%
Burnaby35$ 662,383,33019%41$ 875,084,97420%18$ 364,258,94926%7$ 60,804,7508%20$ 316,088,00014%
Coquitlam96$ 783,413,06422%50$ 408,153,5329%50$ 200,561,37714%15$ 122,058,66915%35$ 571,200,62225%
New Westminster24$ 52,096,1701%23$ 66,951,2232%7$ 18,817,0091%3$ 5,611,0001%8$ 25,239,2321%
North Vancouver41$ 229,064,8406%37$ 373,517,4089%18$ 119,531,0009%10$ 74,197,0009%20$ 159,969,1777%
Port Coquitlam11$ 39,877,2221%8$ 16,573,9000%8$ 12,008,0101%8$ 11,516,0001%21$ 63,770,0003%
Port Moody16$ 104,512,8143%17$ 74,847,0632%5$ 39,970,0013%7$ 42,150,0005%2$ 11,175,0000%
Richmond50$ 406,394,50011%37$ 524,901,23112%16$ 76,701,7906%9$ 96,488,80812%21$ 407,084,00018%
Vancouver108$ 1,296,694,93236%115$ 1,988,697,54746%68$ 538,236,26039%49$ 369,143,75047%72$ 727,938,40932%
West Vancouver0$ 00%3$ 20,987,1860%2$ 17,375,0001%1$ 6,000,0001%1$ 5,875,0000%
Grand Total381$ 3,574,436,872100%331$ 4,349,714,063100%192$ 1,387,459,396100%109$ 787,969,977100%200$ 2,288,339,440100%
2017
Burnaby35$ 662,383,33019%
Coquitlam96$ 783,413,06422%
New Westminster24$ 52,096,1701%
North Vancouver41$ 229,064,8406%
Port Coquitlam11$ 39,877,2221%
Port Moody16$ 104,512,8143%
Richmond50$ 406,394,50011%
Vancouver108$ 1,296,694,93236%
West Vancouver0$ 00%
Grand Total381$ 3,574,436,872100%
2018
Burnaby41$ 875,084,97420%
Coquitlam50$ 408,153,5329%
New Westminster23$ 66,951,2232%
North Vancouver37$ 373,517,4089%
Port Coquitlam8$ 16,573,9000%
Port Moody17$ 74,847,0632%
Richmond37$ 524,901,23112%
Vancouver115$ 1,988,697,54746%
West Vancouver3$ 20,987,1860%
Grand Total331$ 4,349,714,063100%
2019
Burnaby18$ 364,258,94926%
Coquitlam50$ 200,561,37714%
New Westminster7$ 18,817,0091%
North Vancouver18$ 119,531,0009%
Port Coquitlam8$ 12,008,0101%
Port Moody5$ 39,970,0013%
Richmond16$ 76,701,7906%
Vancouver68$ 538,236,26039%
West Vancouver2$ 17,375,0001%
Grand Total192$ 1,387,459,396100%
2020
Burnaby7$ 60,804,7508%
Coquitlam15$ 122,058,66915%
New Westminster3$ 5,611,0001%
North Vancouver10$ 74,197,0009%
Port Coquitlam8$ 11,516,0001%
Port Moody7$ 42,150,0005%
Richmond9$ 96,488,80812%
Vancouver49$ 369,143,75047%
West Vancouver1$ 6,000,0001%
Grand Total109$ 787,969,977100%
2021
Burnaby20$ 316,088,00014%
Coquitlam35$ 571,200,62225%
New Westminster8$ 25,239,2321%
North Vancouver20$ 159,969,1777%
Port Coquitlam21$ 63,770,0003%
Port Moody2$ 11,175,0000%
Richmond21$ 407,084,00018%
Vancouver72$ 727,938,40932%
West Vancouver1$ 5,875,0000%
Grand Total200$ 2,288,339,440100%
$ Volume And Number Of Transactions
Row Labels$ VolumeTransactions
20173574436871.88381
Qtr127352978638
Qtr270214909782
Qtr3992829571.88124
Qtr41605928417137
20184349714063.45331
Qtr1737429295.865
Qtr2119449383997
Qtr31261843855.8591
Qtr41155947072.878
20191387459396.3192
Qtr129904885755
Qtr234785676052
Qtr327237082045
Qtr4468182959.340
2020787969976.65109
Qtr118615975029
Qtr2170317714.633
Qtr321105180824
Qtr4220440704.0523
20212288339439.6200
Qtr1101780775.9920
Qtr243689758166
Qtr3484672098.676
Qtr41264988984.0138
Land Market Share

Land Specialists

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…
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…
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…
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…
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…
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…
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,…
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

Amir Kamyab-Nejad is a trusted expert in real estate and business strategy, combining over a decade of hands-on experience with advanced academic and professional credentials. With an MBA from Simon Fraser University, a Bachelor’s in Electronics Engineering, and prestigious designations such as CCIM (Certified Commercial Investment Member) and FRI (Fellow…
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…
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…
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