2021 Q4

Greater Vancouver 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 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

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…
Dmytro Chernysh

Dmytro Chernysh PREC*

DIBM, BSKin

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…
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…
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…
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…
Alex Kwong

Alex Kwong

BA

Alex is a commercial broker specializing in commercial investments and industrial real estate. Born and raised in Vancouver, Alex has cultivated an extensive network of owner/users, developers, and investors, positioning himself as a trusted expert in the industry. His proactive approach and strong network consistently uncover off-market opportunities. Alex’s reputation…
Sunny Oberoi

Sunny Oberoi

Sunny Oberoi is a Commercial Real Estate Advisor with Royal LePage Commercial and Westside Klein Group, serving clients across Greater Vancouver, the Fraser Valley, and the Lower Mainland. He specializes in commercial real estate sales, retail leasing, business sales, hospitality real estate, mixed-use properties, investment properties, tenant representation, landlord representation,…
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…
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,…
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…
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