2022 Q1

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.

Burnaby

Coquitlam

New Westminster

North Vancouver

Port Coquitlam

Richmond

Vancouver

Highlights

How ICI Land properties have responded to the market.

100

2022 Q1 Sales Transactions

$110B

2022 Q1 Sales Volume

440

Largest Market Share - City

2022 Q1

Greater Vancouver Overview

Total Sales & Transaction Volume

20182019202020212022 (Q1)
Sales$ Volume%Sales$ Volume%Sales $ Volume%Sales$ Volume%Sales$ Volume%
Burnaby9$ 38,497,0004%6$ 40,183,6009%5$ 16,105,0003%7$ 81,840,0009%3$ 49,200,00016%
Coquitlam8$ 76,207,0009%4$ 11,827,0003%6$ 101,005,00017%5$ 81,705,0009%1$ 2,880,0001%
New Westminster0$ 00%5$ 12,415,0003%0$ 00%1$ 5,000,0001%0$ 00%
North Vancouver2$ 5,299,5701%2$ 13,150,0003%1$ 58,550,75810%1$ 2,450,0000%0$ 00%
Port Coquitlam6$ 27,489,0003%5$ 87,840,00020%5$ 29,865,6005%2$ 24,330,0003%2$ 14,050,0005%
Port Moody1$ 1,081,9050%4$ 16,174,7004%1$ 2,750,0000%2$ 1,880,0000%0$ 00%
Richmond37$ 185,771,00921%19$ 120,677,80027%16$ 64,275,88811%26$ 112,844,61012%5$ 106,882,00035%
Vancouver33$ 547,754,00562%11$ 140,261,90032%16$ 324,544,29754%24$ 626,157,49667%5$ 136,350,00044%
Grand Total96$ 882,099,489100%56$ 442,530,000100%50$ 597,096,543100%56$ 936,207,106100%16$ 309,362,000100%

	2018	2019	2020	2021	2022 (Q1)
	Sales	$ Volume	%	Sales	$ Volume	%	Sales	$ Volume	%	Sales	$ Volume	%	Sales	$ Volume	%
Burnaby	9	$ 38,497,000	4%	6	$ 40,183,600	9%	5	$ 16,105,000	3%	7	$ 81,840,000	9%	3	$ 49,200,000	16%
Coquitlam	8	$ 76,207,000	9%	4	$ 11,827,000	3%	6	$ 101,005,000	17%	5	$ 81,705,000	9%	1	$ 2,880,000	1%
New Westminster	0	$ 0	0%	5	$ 12,415,000	3%	0	$ 0	0%	1	$ 5,000,000	1%	0	$ 0	0%
North Vancouver	2	$ 5,299,570	1%	2	$ 13,150,000	3%	1	$ 58,550,758	10%	1	$ 2,450,000	0%	0	$ 0	0%
Port Coquitlam	6	$ 27,489,000	3%	5	$ 87,840,000	20%	5	$ 29,865,600	5%	2	$ 24,330,000	3%	2	$ 14,050,000	5%
Port Moody	1	$ 1,081,905	0%	4	$ 16,174,700	4%	1	$ 2,750,000	0%	2	$ 1,880,000	0%	0	$ 0	0%
Richmond	37	$ 185,771,009	21%	19	$ 120,677,800	27%	16	$ 64,275,888	11%	26	$ 112,844,610	12%	5	$ 106,882,000	35%
Vancouver	33	$ 547,754,005	62%	11	$ 140,261,900	32%	16	$ 324,544,297	54%	24	$ 626,157,496	67%	5	$ 136,350,000	44%
Grand Total	96	$ 882,099,489	100%	56	$ 442,530,000	100%	50	$ 597,096,543	100%	56	$ 936,207,106	100%	16	$ 309,362,000	100%

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%
2022 (Q1)
Burnaby3$ 49,200,00016%
Coquitlam1$ 2,880,0001%
New Westminster0$ 00%
North Vancouver0$ 00%
Port Coquitlam2$ 14,050,0005%
Port Moody0$ 00%
Richmond5$ 106,882,00035%
Vancouver5$ 136,350,00044%
Grand Total16$ 309,362,000100%

	2018

Burnaby	9	$ 38,497,000	4%
Coquitlam	8	$ 76,207,000	9%
New Westminster	0	$ 0	0%
North Vancouver	2	$ 5,299,570	1%
Port Coquitlam	6	$ 27,489,000	3%
Port Moody	1	$ 1,081,905	0%
Richmond	37	$ 185,771,009	21%
Vancouver	33	$ 547,754,005	62%
Grand Total	96	$ 882,099,489	100%

2019

Burnaby	6	$ 40,183,600	9%
Coquitlam	4	$ 11,827,000	3%
New Westminster	5	$ 12,415,000	3%
North Vancouver	2	$ 13,150,000	3%
Port Coquitlam	5	$ 87,840,000	20%
Port Moody	4	$ 16,174,700	4%
Richmond	19	$ 120,677,800	27%
Vancouver	11	$ 140,261,900	32%
Grand Total	56	$ 442,530,000	100%

2020

Burnaby	5	$ 16,105,000	3%
Coquitlam	6	$ 101,005,000	17%
New Westminster	0	$ 0	0%
North Vancouver	1	$ 58,550,758	10%
Port Coquitlam	5	$ 29,865,600	5%
Port Moody	1	$ 2,750,000	0%
Richmond	16	$ 64,275,888	11%
Vancouver	16	$ 324,544,297	54%
Grand Total	50	$ 597,096,543	100%

2021

Burnaby	7	$ 81,840,000	9%
Coquitlam	5	$ 81,705,000	9%
New Westminster	1	$ 5,000,000	1%
North Vancouver	1	$ 2,450,000	0%
Port Coquitlam	2	$ 24,330,000	3%
Port Moody	2	$ 1,880,000	0%
Richmond	26	$ 112,844,610	12%
Vancouver	24	$ 626,157,496	67%
Grand Total	56	$ 936,207,106	100%

2022 (Q1)

Burnaby	3	$ 49,200,000	16%
Coquitlam	1	$ 2,880,000	1%
New Westminster	0	$ 0	0%
North Vancouver	0	$ 0	0%
Port Coquitlam	2	$ 14,050,000	5%
Port Moody	0	$ 0	0%
Richmond	5	$ 106,882,000	35%
Vancouver	5	$ 136,350,000	44%
Grand Total	16	$ 309,362,000	100%

$ Volume And Number Of Transactions

Row LabelsVolumeTransactions
201888209948996
Qtr116022220124
Qtr228654088829
Qtr333049314524
Qtr410484325519
201944253000056
Qtr18790550011
Qtr217851470020
Qtr38710270015
Qtr48900710010
2020955800975.72203
Qtr118017644417
Qtr2412219050122
Qtr3159685270.551
Qtr4203720211.2213
2021936207106.4368
Qtr118045800016
Qtr215696000015
Qtr325873688819
Qtr4340052218.4318
202230936200016
Qtr130936200016

Row Labels	Volume	Transactions
2018	882099489	96
Qtr1	160222201	24
Qtr2	286540888	29
Qtr3	330493145	24
Qtr4	104843255	19
2019	442530000	56
Qtr1	87905500	11
Qtr2	178514700	20
Qtr3	87102700	15
Qtr4	89007100	10
2020	955800975.72	203
Qtr1	180176444	17
Qtr2	412219050	122
Qtr3	159685270.5	51
Qtr4	203720211.22	13
2021	936207106.43	68
Qtr1	180458000	16
Qtr2	156960000	15
Qtr3	258736888	19
Qtr4	340052218.43	18
2022	309362000	16
Qtr1	309362000	16

ICI Land Market Share

2022 Q1

Burnaby ICI Land Sales

Sales & Price By Neighbourhood

Transaction NameSale PriceSize (Acre)Price/Acre
Lougheed Highway$ 25,000,0002.8$ 9,090,909
Byrne Road$ 13,800,0001.8$ 7,840,909
Thorne Avenue$ 10,400,0001.5$ 7,027,027

Transaction Name	Sale Price	Size (Acre)	Price/Acre
8411 Lougheed Highway	$ 25,000,000	2.8	$ 9,090,909
5317 Byrne Road	$ 13,800,000	1.8	$ 7,840,909
6074 Thorne Avenue	$ 10,400,000	1.5	$ 7,027,027

$ Volume And Number Of Transactions

Row LabelsDollar VolumeNumber of Sales
2018384970009
Qtr178500002
Qtr2129520004
Qtr3128500001
Qtr448450002
2019401836006
Qtr1224956003
Qtr231500001
Qtr3133500001
Qtr411880001
2020212550006
Qtr127950002
Qtr238800001
Qtr382000001
Qtr463800002
2021818400007
Qtr100
Qtr2248500001
Qtr319500001
Qtr4550400005
2022492000003
Qtr1492000003
Grand Total23097560031

Row Labels	Dollar Volume	Number of Sales
2018	38497000	9
Qtr1	7850000	2
Qtr2	12952000	4
Qtr3	12850000	1
Qtr4	4845000	2
2019	40183600	6
Qtr1	22495600	3
Qtr2	3150000	1
Qtr3	13350000	1
Qtr4	1188000	1
2020	21255000	6
Qtr1	2795000	2
Qtr2	3880000	1
Qtr3	8200000	1
Qtr4	6380000	2
2021	81840000	7
Qtr1	0	0
Qtr2	24850000	1
Qtr3	1950000	1
Qtr4	55040000	5
2022	49200000	3
Qtr1	49200000	3
Grand Total	230975600	31

Price/Acre (Avg)

Row LabelsAgriculturalCommercialIndustrialInstitutionalOtherRetailGrand Total
20180000000
Qtr104490291.26213592713704.20624150003601997.7341887
Qtr2004343534.0572557009573461.26945277830152.1987204
Qtr3005811849.84170060005811849.8417006
Qtr4000003639308.85529163639308.8552916
20190000000
Qtr1070000001581069.958847709080459.770114905887176.5763209
Qtr3022820512.820513000022820512.820513
20200000000
Qtr12472972.97297300010994152.04678406733562.5098783
Qtr200025526315.7894740025526315.789474
Qtr30056318680005631868
Qtr40000000
20210000000
Qtr10000000
Qtr20061373180006137318
Qtr30000000
Qtr40040043290004004329
20220000000
Qtr1007986281.66666670007986281.6666667
Grand Total2472972.97297311436934.6942165418251.806404625526315.78947410037305.9084497595410.46473237967672.7060118

Row Labels	Agricultural	Commercial	Industrial	Institutional	Other	Retail	Grand Total
2018	0	0	0	0	0	0	0
Qtr1	0	4490291.2621359	2713704.2062415	0	0	0	3601997.7341887
Qtr2	0	0	4343534.0572557	0	0	9573461.2694527	7830152.1987204
Qtr3	0	0	5811849.8417006	0	0	0	5811849.8417006
Qtr4	0	0	0	0	0	3639308.8552916	3639308.8552916
2019	0	0	0	0	0	0	0
Qtr1	0	7000000	1581069.9588477	0	9080459.7701149	0	5887176.5763209
Qtr3	0	22820512.820513	0	0	0	0	22820512.820513
2020	0	0	0	0	0	0	0
Qtr1	2472972.972973	0	0	0	10994152.046784	0	6733562.5098783
Qtr2	0	0	0	25526315.789474	0	0	25526315.789474
Qtr3	0	0	5631868	0	0	0	5631868
Qtr4	0	0	0	0	0	0	0
2021	0	0	0	0	0	0	0
Qtr1	0	0	0	0	0	0	0
Qtr2	0	0	6137318	0	0	0	6137318
Qtr3	0	0	0	0	0	0	0
Qtr4	0	0	4004329	0	0	0	4004329
2022	0	0	0	0	0	0	0
Qtr1	0	0	7986281.6666667	0	0	0	7986281.6666667
Grand Total	2472972.972973	11436934.694216	5418251.8064046	25526315.789474	10037305.908449	7595410.4647323	7967672.7060118

2022 Q1

Coquitlam ICI Land Sales

Sales & Price By Neighbourhood

Transaction NameSale PriceSize (Acre)Price/Acre
622 Kemsley Avenue$ 2,880,0000.16599999368191-

Transaction Name	Sale Price	Size (Acre)	Price/Acre
622 Kemsley Avenue	$ 2,880,000	0.16599999368191	-

$ Volume And Number Of Transactions

Row LabelsDollar VolumeNumber of Sales
2018762070008
Qtr144480002
Qtr280000001
Qtr3409240003
Qtr4228350002
2019118270004
Qtr248980002
Qtr349040001
Qtr420250001
20201070350007
Qtr166050003
Qtr2910000002
Qtr382000001
Qtr412300001
2021817050005
Qtr100
Qtr2115250001
Qtr3491800003
Qtr4210000001
202228800001
Qtr128800001
Grand Total30533300035

Row Labels	Dollar Volume	Number of Sales
2018	76207000	8
Qtr1	4448000	2
Qtr2	8000000	1
Qtr3	40924000	3
Qtr4	22835000	2
2019	11827000	4
Qtr2	4898000	2
Qtr3	4904000	1
Qtr4	2025000	1
2020	107035000	7
Qtr1	6605000	3
Qtr2	91000000	2
Qtr3	8200000	1
Qtr4	1230000	1
2021	81705000	5
Qtr1	0	0
Qtr2	11525000	1
Qtr3	49180000	3
Qtr4	21000000	1
2022	2880000	1
Qtr1	2880000	1
Grand Total	305333000	35

Price/Acre (Avg)

Row LabelsAgriculturalAgricultural BusinessCommercialIndustrialInfrastructureLong TermOtherParkRetailForeign InvestorGovernmentGrand Total
2018000000000000
Qtr1000000000000
Qtr204849400000000048494
Qtr3000200429900000002004299
Qtr4000000004295666004295666
2019000000000000
Qtr2000000000000
Qtr400000005062500050625
2020000000000000
Qtr1492341000738540000000615440.5
Qtr2000000000308203870951595088598.5
Qtr3000563186800000005631868
Qtr4000000000000
2021000000000000
Qtr1000000000000
Qtr2000000000000
Qtr365097000473747500000002694222.5
Qtr4000310742800000003107428
2022000000000000
Qtr1000000000000
Grand Total571655.58924703301492.673854011687501079796.33333334295666308203870951592140996.1764706

Row Labels	Agricultural	Agricultural Business	Industrial	Infrastructure	Long Term	Park	Retail	Foreign Investor	Government	Grand Total
2018	0	0	0	0	0	0	0	0	0	0
Qtr1	0	0	0	0	0	0	0	0	0	0
Qtr2	0	48494	0	0	0	0	0	0	0	48494
Qtr3	0	0	2004299	0	0	0	0	0	0	2004299
Qtr4	0	0	0	0	0	0	4295666	0	0	4295666
2019	0	0	0	0	0	0	0	0	0	0
Qtr2	0	0	0	0	0	0	0	0	0	0
Qtr4	0	0	0	0	0	50625	0	0	0	50625
2020	0	0	0	0	0	0	0	0	0	0
Qtr1	492341	0	0	738540	0	0	0	0	0	615440.5
Qtr2	0	0	0	0	0	0	0	3082038	7095159	5088598.5
Qtr3	0	0	5631868	0	0	0	0	0	0	5631868
Qtr4	0	0	0	0	0	0	0	0	0	0
2021	0	0	0	0	0	0	0	0	0	0
Qtr1	0	0	0	0	0	0	0	0	0	0
Qtr2	0	0	0	0	0	0	0	0	0	0
Qtr3	650970	0	4737475	0	0	0	0	0	0	2694222.5
Qtr4	0	0	3107428	0	0	0	0	0	0	3107428
2022	0	0	0	0	0	0	0	0	0	0
Qtr1	0	0	0	0	0	0	0	0	0	0
Grand Total	571655.5	89247	3301492.6	738540	116875	1079796.3333333	4295666	3082038	7095159	2140996.1764706

2022 Q1

New Westminster ICI Land Sales

Sales & Price By Neighbourhood

Transaction namePriceLand area (acres)Price/acre
856 Boyd Street$ 5,000,0002.3420000076294$ 2,134,927
* NO Transactions 2022-Q1---

Transaction name	Price	Land area (acres)	Price/acre
856 Boyd Street	$ 5,000,000	2.3420000076294	$ 2,134,927
* NO Transactions 2022-Q1	-	-	-

$ Volume And Number Of Transactions

Row LabelsDollar VolumeNumber of Sales
2019124150005
Qtr217500001
Qtr395150003
Qtr411500001
202000
Qtr100
Qtr200
Qtr300
Qtr400
202150000001
Qtr100
Qtr250000001
Qtr300
Qtr400
202200
Qtr100
Grand Total196198228

Row Labels	Dollar Volume	Number of Sales
2019	12415000	5
Qtr2	1750000	1
Qtr3	9515000	3
Qtr4	1150000	1
2020	0	0
Qtr1	0	0
Qtr2	0	0
Qtr3	0	0
Qtr4	0	0
2021	5000000	1
Qtr1	0	0
Qtr2	5000000	1
Qtr3	0	0
Qtr4	0	0
2022	0	0
Qtr1	0	0
Grand Total	19619822	8

Price/Acre (Avg)

Row LabelsCommercialInfrastructureInstitutionalParkOtherGrand Total
2017000000
Qtr23225324.324324300003225324.3243243
Qtr41847146.401985100001847146.4019851
2019000000
Qtr2007510729.6137339007510729.6137339
Qtr3025586956.521739004839357.429718930426313.951458
Qtr4000575000005750000
2020000000
Qtr1000000
Qtr2000000
Qtr3000000
Qtr4000000
2021000000
Qtr1000000
Qtr2213492700002134927
Grand Total7207397.726309425586956.5217397510729.613733957500004839357.429718950894441.291501

Row Labels	Commercial	Infrastructure	Institutional	Park	Other	Grand Total
2017	0	0	0	0	0	0
Qtr2	3225324.3243243	0	0	0	0	3225324.3243243
Qtr4	1847146.4019851	0	0	0	0	1847146.4019851
2019	0	0	0	0	0	0
Qtr2	0	0	7510729.6137339	0	0	7510729.6137339
Qtr3	0	25586956.521739	0	0	4839357.4297189	30426313.951458
Qtr4	0	0	0	5750000	0	5750000
2020	0	0	0	0	0	0
Qtr1	0	0	0	0	0	0
Qtr2	0	0	0	0	0	0
Qtr3	0	0	0	0	0	0
Qtr4	0	0	0	0	0	0
2021	0	0	0	0	0	0
Qtr1	0	0	0	0	0	0
Qtr2	2134927	0	0	0	0	2134927
Grand Total	7207397.7263094	25586956.521739	7510729.6137339	5750000	4839357.4297189	50894441.291501

2022 Q1

North Vancouver ICI Land Sales

Sales & Price By Neighbourhood

Transaction namePriceLand area (acres)Price/Acre
1864 Belle Isle Place$ 2,450,0000.19699999690056$ 12,436,548
*No transactions in 2022-Q1---

Transaction name	Price	Land area (acres)	Price/Acre
1864 Belle Isle Place	$ 2,450,000	0.19699999690056	$ 12,436,548
*No transactions in 2022-Q1	-	-	-

$ Volume And Number Of Transactions

Row LabelsDollar VolumeNumber of Sales
20172373415119
Qtr1644720003
Qtr21304713114
Qtr3423982002
201852995702
Qtr142398001
Qtr310597701
2019131500002
Qtr111500001
Qtr2120000001
2020585507581
Qtr1585507581
Qtr200
Qtr300
Qtr400
202124500001
Qtr100
Qtr200
Qtr324500001
Qtr400
202200
Qtr100
Grand Total31679183915

Row Labels	Dollar Volume	Number of Sales
2017	237341511	9
Qtr1	64472000	3
Qtr2	130471311	4
Qtr3	42398200	2
2018	5299570	2
Qtr1	4239800	1
Qtr3	1059770	1
2019	13150000	2
Qtr1	1150000	1
Qtr2	12000000	1
2020	58550758	1
Qtr1	58550758	1
Qtr2	0	0
Qtr3	0	0
Qtr4	0	0
2021	2450000	1
Qtr1	0	0
Qtr2	0	0
Qtr3	2450000	1
Qtr4	0	0
2022	0	0
Qtr1	0	0
Grand Total	316791839	15

Price/Acre (Avg)

Row LabelsCommercialIndustrialInstitutionalParkRecreationOtherGrand Total
20170000000
Qtr12583104.80632873879360.649498900003015190.0873854
Qtr29890114.3790852089169.468397400005989641.9237412
Qtr300010502824.85875732077.12402040105267450.9913887
20180000000
Qtr10009216956.5217391009216956.5217391
Qtr300012924024.3902440012924024.390244
20190000000
Qtr1006353591.1602210006353591.160221
Qtr2011718750000011718750
20200000000
Qtr1000048555.589832898048555.589832898
Qtr20000000
Qtr30000000
Qtr40000000
20210000000
Qtr10000000
Qtr20000000
Qtr30000000
Qtr40000000
20220000000
Qtr10000000
Grand Total6236609.59270684944112.39657346353591.16022110881268.59024740316.35692664905586727.840129

Row Labels	Commercial	Industrial	Institutional	Park	Recreation	Grand Total
2017	0	0	0	0	0	0
Qtr1	2583104.8063287	3879360.6494989	0	0	0	3015190.0873854
Qtr2	9890114.379085	2089169.4683974	0	0	0	5989641.9237412
Qtr3	0	0	0	10502824.858757	32077.124020401	5267450.9913887
2018	0	0	0	0	0	0
Qtr1	0	0	0	9216956.5217391	0	9216956.5217391
Qtr3	0	0	0	12924024.390244	0	12924024.390244
2019	0	0	0	0	0	0
Qtr1	0	0	6353591.160221	0	0	6353591.160221
Qtr2	0	11718750	0	0	0	11718750
2020	0	0	0	0	0	0
Qtr1	0	0	0	0	48555.589832898	48555.589832898
Qtr2	0	0	0	0	0	0
Qtr3	0	0	0	0	0	0
Qtr4	0	0	0	0	0	0
2021	0	0	0	0	0	0
Qtr1	0	0	0	0	0	0
Qtr2	0	0	0	0	0	0
Qtr3	0	0	0	0	0	0
Qtr4	0	0	0	0	0	0
2022	0	0	0	0	0	0
Qtr1	0	0	0	0	0	0
Grand Total	6236609.5927068	4944112.3965734	6353591.160221	10881268.590247	40316.356926649	5586727.840129

2022 Q1

Port Coquitlam ICI Land Sales

Sales & Price By Neighbourhood

Transaction NameSale PriceSize (Acre)Price/Acre
590 Dominion Avenue$ 10,650,0005$ 2,130,000
690 Prairie Road$ 3,400,0002.92$ 1,163,985

Transaction Name	Sale Price	Size (Acre)	Price/Acre
590 Dominion Avenue	$ 10,650,000	5	$ 2,130,000
690 Prairie Road	$ 3,400,000	2.92	$ 1,163,985

$ Volume And Number Of Transactions

Row LabelsDollar VolumeNumber of Sales
2018274890006
Qtr145000001
Qtr235290002
Qtr3179600002
Qtr415000001
2019878400005
Qtr2620500003
Qtr3220000001
Qtr437900001
2020271656004
Qtr1104000001
Qtr227000001
Qtr300
Qtr4140656002
2021243300002
Qtr100
Qtr218300001
Qtr3225000001
Qtr400
2022140500002
Qtr1140500002
Grand Total224015598.329

Row Labels	Dollar Volume	Number of Sales
2018	27489000	6
Qtr1	4500000	1
Qtr2	3529000	2
Qtr3	17960000	2
Qtr4	1500000	1
2019	87840000	5
Qtr2	62050000	3
Qtr3	22000000	1
Qtr4	3790000	1
2020	27165600	4
Qtr1	10400000	1
Qtr2	2700000	1
Qtr3	0	0
Qtr4	14065600	2
2021	24330000	2
Qtr1	0	0
Qtr2	1830000	1
Qtr3	22500000	1
Qtr4	0	0
2022	14050000	2
Qtr1	14050000	2
Grand Total	224015598.3	29

Price/Acre (Avg)

Row LabelsAgriculturalCommercialIndustrialInstitutionalOtherGrand Total
2017000000
Qtr1001645930001645930
Qtr2001595681001595681
Qtr3000000
Qtr4002115412002115412
2018000000
Qtr1000137278801372788
Qtr29758060000975806
Qtr369200002032520001362260
Qtr4000000
2019000000
Qtr269711502129119.5001651784.6666667
Qtr3002272727002272727
Qtr47830580000783058
2020000000
Qtr1003172666003172666
Qtr20009310344.827586209310344.8275862
Qtr3000000
Qtr4001379133001379133
2021000000
Qtr1000000
Qtr23494370000349437
Qtr3025927630002592763
Qtr4000000
2022000000
Qtr1116398502130000001646992.5
Grand Total776900.1666666725927631996871.61538465341566.413793101995301.2648903

Row Labels	Agricultural	Commercial	Industrial	Institutional	Grand Total
2017	0	0	0	0	0
Qtr1	0	0	1645930	0	1645930
Qtr2	0	0	1595681	0	1595681
Qtr3	0	0	0	0	0
Qtr4	0	0	2115412	0	2115412
2018	0	0	0	0	0
Qtr1	0	0	0	1372788	1372788
Qtr2	975806	0	0	0	975806
Qtr3	692000	0	2032520	0	1362260
Qtr4	0	0	0	0	0
2019	0	0	0	0	0
Qtr2	697115	0	2129119.5	0	1651784.6666667
Qtr3	0	0	2272727	0	2272727
Qtr4	783058	0	0	0	783058
2020	0	0	0	0	0
Qtr1	0	0	3172666	0	3172666
Qtr2	0	0	0	9310344.8275862	9310344.8275862
Qtr3	0	0	0	0	0
Qtr4	0	0	1379133	0	1379133
2021	0	0	0	0	0
Qtr1	0	0	0	0	0
Qtr2	349437	0	0	0	349437
Qtr3	0	2592763	0	0	2592763
Qtr4	0	0	0	0	0
2022	0	0	0	0	0
Qtr1	1163985	0	2130000	0	1646992.5
Grand Total	776900.16666667	2592763	1996871.6153846	5341566.4137931	1995301.2648903

2022 Q1

Richmond ICI Land Sales

Sales & Price By Neighbourhood

Transaction NameSale PriceLand Size (acre)Date   
Van Horne Way$ 59,980,0009$ 1
Mitchell Road$ 37,400,0008$ 3
No. 2 Road$ 3,802,0005$ 3
Westminster Highway$ 3,150,0005$ 2
Ash Street$ 2,550,0000$ 1

Transaction Name	Sale Price	Land Size (acre)	Date
9800 Van Horne Way	$ 59,980,000	9	$ 1
11760 Mitchell Road	$ 37,400,000	8	$ 3
12320 No. 2 Road	$ 3,802,000	5	$ 3
13140 Westminster Highway	$ 3,150,000	5	$ 2
8528 Ash Street	$ 2,550,000	0	$ 1

$ Volume And Number Of Transactions

Row LabelsDollar VolumeNumber of Sales
2017188597962.944
Qtr1510850009
Qtr242937761.911
Qtr3304072009
Qtr46416800115
201818577100937
Qtr15745440111
Qtr2359028889
Qtr3476550008
Qtr4447587209
201912067780019
Qtr1148099004
Qtr2450928006
Qtr3126090005
Qtr4481661004
20206427588816
Qtr1126510005
Qtr288350002
Qtr3167498885
Qtr4260400004
202111284461026
Qtr1275780006
Qtr2330300007
Qtr3185688886
Qtr4336677227
20221068820005
Qtr11068820005
Grand Total779049269.9147

Row Labels	Dollar Volume	Number of Sales
2017	188597962.9	44
Qtr1	51085000	9
Qtr2	42937761.9	11
Qtr3	30407200	9
Qtr4	64168001	15
2018	185771009	37
Qtr1	57454401	11
Qtr2	35902888	9
Qtr3	47655000	8
Qtr4	44758720	9
2019	120677800	19
Qtr1	14809900	4
Qtr2	45092800	6
Qtr3	12609000	5
Qtr4	48166100	4
2020	64275888	16
Qtr1	12651000	5
Qtr2	8835000	2
Qtr3	16749888	5
Qtr4	26040000	4
2021	112844610	26
Qtr1	27578000	6
Qtr2	33030000	7
Qtr3	18568888	6
Qtr4	33667722	7
2022	106882000	5
Qtr1	106882000	5
Grand Total	779049269.9	147

Price/Acre (Avg)

Row LabelsAgriculturalAgricultural BusinessCommercialHotelIndustrialInfrastructureLong TermGrand Total
201700000000
Qtr12331807.4807535125879.40752759006754278.8100199003161684.3039169
Qtr22654064.4801099592131.71357518001594482.3494512001929526.4370836
Qtr3963296.1677874207424659.092083902275070.0280112002544907.2465448
Qtr42156871.61552771064239.42051096744225.45086580.250941028858224496796.8974567003558675.311029
201800000000
Qtr11044411.5815223537634.4086021510950451.80180204717694.8193577004811583.5272039
Qtr21465312.1220112680849.32224747008278687.7909058002805070.5373736
Qtr3455967.741935481663669.064748210793991.14613704705882.3529412006307181.4357636
Qtr41334042.2888801227715.3686768111944444.4444440022216134.45378211454545.4545456890791.8223566
201900000000
Qtr16192545.8715596472049.6894409912049689.44099404872563.7181409005896712.1800338
Qtr22864687.565152607734193.510918401940035.2733686005145331.8227382
Qtr31238647.4117263016347419.8343600008793033.623043
Qtr42005773.51485150002859862.1919444002432817.853398
202000000000
Qtr1328016.17614019203802.369930423923076.923076904476661.3268519002681643.6245703
Qtr25550000003663845002109422.5
Qtr373269574376700000738231
Qtr41127931654000004356846001698194.25
202100000000
Qtr311068150000001106815
Qtr4832683.33333333389243.5005388889001444237.6666667
202200000000
Qtr16952000005611136003153168
Grand Total1594621.8512906614952.965192269650579.22048660.250941028858224686066.567327522216134.45378211454545.4545453632780.1524993

Row Labels	Agricultural	Agricultural Business	Commercial	Hotel	Industrial	Infrastructure	Long Term	Grand Total
2017	0	0	0	0	0	0	0	0
Qtr1	2331807.4807535	125879.40752759	0	0	6754278.8100199	0	0	3161684.3039169
Qtr2	2654064.4801099	592131.71357518	0	0	1594482.3494512	0	0	1929526.4370836
Qtr3	963296.16778742	0	7424659.0920839	0	2275070.0280112	0	0	2544907.2465448
Qtr4	2156871.6155277	1064239.4205109	6744225.4508658	0.25094102885822	4496796.8974567	0	0	3558675.311029
2018	0	0	0	0	0	0	0	0
Qtr1	1044411.5815223	537634.40860215	10950451.801802	0	4717694.8193577	0	0	4811583.5272039
Qtr2	1465312.1220112	680849.32224747	0	0	8278687.7909058	0	0	2805070.5373736
Qtr3	455967.74193548	1663669.0647482	10793991.146137	0	4705882.3529412	0	0	6307181.4357636
Qtr4	1334042.2888801	227715.36867681	11944444.444444	0	0	22216134.453782	11454545.454545	6890791.8223566
2019	0	0	0	0	0	0	0	0
Qtr1	6192545.8715596	472049.68944099	12049689.440994	0	4872563.7181409	0	0	5896712.1800338
Qtr2	2864687.5651526	0	7734193.5109184	0	1940035.2733686	0	0	5145331.8227382
Qtr3	1238647.4117263	0	16347419.83436	0	0	0	0	8793033.623043
Qtr4	2005773.5148515	0	0	0	2859862.1919444	0	0	2432817.853398
2020	0	0	0	0	0	0	0	0
Qtr1	328016.17614019	203802.36993042	3923076.9230769	0	4476661.3268519	0	0	2681643.6245703
Qtr2	555000	0	0	0	3663845	0	0	2109422.5
Qtr3	732695	743767	0	0	0	0	0	738231
Qtr4	1127931	654000	0	0	4356846	0	0	1698194.25
2021	0	0	0	0	0	0	0	0
Qtr3	1106815	0	0	0	0	0	0	1106815
Qtr4	832683.33333333	389243.5	0	0	5388889	0	0	1444237.6666667
2022	0	0	0	0	0	0	0	0
Qtr1	695200	0	0	0	5611136	0	0	3153168
Grand Total	1594621.8512906	614952.96519226	9650579.2204866	0.25094102885822	4686066.5673275	22216134.453782	11454545.454545	3632780.1524993

2022 Q1

Vancouver ICI Land Sales

Sales & Price By Neighbourhood

Transaction NameSale PriceSize (Acre)Price/Acre
West 12th Avenue$ 100,000,0001.4$ 69,589,422
Columbia Street$ 14,300,0000.3-
West 53rd Avenue$ 12,800,0003.4$ 3,756,574
East Georgia Street$ 5,050,0000.3-
West 2nd Avenue$ 4,200,0000.1-

Transaction Name	Sale Price	Size (Acre)	Price/Acre
900 West 12th Avenue	$ 100,000,000	1.4	$ 69,589,422
2410 Columbia Street	$ 14,300,000	0.3	-
2999 West 53rd Avenue	$ 12,800,000	3.4	$ 3,756,574
1325 East Georgia Street	$ 5,050,000	0.3	-
1595 West 2nd Avenue	$ 4,200,000	0.1	-

$ Volume And Number Of Transactions

Row LabelsDollar VolumeNumber of Sales
201748137700138
Qtr116263700014
Qtr2484750007
Qtr31162750018
Qtr41539900009
201849623763030
Qtr1817300007
Qtr222615700013
Qtr31585280006
Qtr4298226304
201912157390010
Qtr1494500003
Qtr2391739004
Qtr3189500002
Qtr4140000001
2020324544297.2216
Qtr1864246864
Qtr2217000003
Qtr3574350004
Qtr4158984611.225
2021627407496.4325
Qtr11510000008
Qtr2819750005
Qtr31640880007
Qtr4230344496.435
20221363500005
Qtr11363500005
Grand Total2187490324.65124

Row Labels	Dollar Volume	Number of Sales
2017	481377001	38
Qtr1	162637000	14
Qtr2	48475000	7
Qtr3	116275001	8
Qtr4	153990000	9
2018	496237630	30
Qtr1	81730000	7
Qtr2	226157000	13
Qtr3	158528000	6
Qtr4	29822630	4
2019	121573900	10
Qtr1	49450000	3
Qtr2	39173900	4
Qtr3	18950000	2
Qtr4	14000000	1
2020	324544297.22	16
Qtr1	86424686	4
Qtr2	21700000	3
Qtr3	57435000	4
Qtr4	158984611.22	5
2021	627407496.43	25
Qtr1	151000000	8
Qtr2	81975000	5
Qtr3	164088000	7
Qtr4	230344496.43	5
2022	136350000	5
Qtr1	136350000	5
Grand Total	2187490324.65	124

Price/Acre (Avg)

Row LabelsAgriculturalCommercialIndustrialInfrastructureOfficeParkGovernmentHotelLong TermGrand Total
20170000000000
Qtr1012255415.60835734940638.734537065139589.017988000036550723.125381
Qtr2027054071.8760334393992.55099500000032296872.358148
Qtr33229036.2953692048344370.860927035761326.47525216032608.69565200030801581.028526
Qtr4038207652.8572521920738.77591174074074.07407414258950.874271000034102872.522787
20180000000000
Qtr1040891804.71617522813190.1791045980861.24401910000030739208.638133
Qtr25646147.574398721884062.20872624585448.86684378581390.697674145454545.45455000035125143.522171
Qtr3014137897.84432515277777.77777814634146.341463232558139.53488000050813959.531183
Qtr4038857142.85714330788488.82215500000032805652.330902
20190000000000
Qtr1037998174.562744000000037998174.562744
Qtr2036015923.59283221075135.1351350017119565.21739100027556636.884548
Qtr30016943521.5946840037432432.43243200027187977.013558
Qtr400100719424.46043000000100719424.46043
20200000000000
Qtr1091665104.477612076923076.92307745883221.256356000065088655.97835
Qtr20000319105703191057003191057
Qtr30000000000
Qtr4009138291.66666670000009138291.6666667
20210000000000
Qtr1035941476000000035941476
Qtr20000000000
Qtr3773793100055876102000031807016.5
Qtr40012178485.500000012178485.5
20220000000000
Qtr1375657400000006958942236672998
Grand Total5092422.21744230978310.00229828915810.53568150038709.85606261155375.78710923528202.115159319105706958942234796867.77462

Row Labels	Agricultural	Commercial	Industrial	Infrastructure	Office	Park	Government	Long Term	Grand Total
2017	0	0	0	0	0	0	0	0	0
Qtr1	0	12255415.608357	34940638.734537	0	65139589.017988	0	0	0	36550723.125381
Qtr2	0	27054071.87603	34393992.550995	0	0	0	0	0	32296872.358148
Qtr3	3229036.2953692	0	48344370.860927	0	35761326.475252	16032608.695652	0	0	30801581.028526
Qtr4	0	38207652.85725	21920738.775911	74074074.074074	14258950.874271	0	0	0	34102872.522787
2018	0	0	0	0	0	0	0	0	0
Qtr1	0	40891804.716175	22813190.179104	5980861.2440191	0	0	0	0	30739208.638133
Qtr2	5646147.5743987	21884062.208726	24585448.866843	78581390.697674	145454545.45455	0	0	0	35125143.522171
Qtr3	0	14137897.844325	15277777.777778	14634146.341463	232558139.53488	0	0	0	50813959.531183
Qtr4	0	38857142.857143	30788488.822155	0	0	0	0	0	32805652.330902
2019	0	0	0	0	0	0	0	0	0
Qtr1	0	37998174.562744	0	0	0	0	0	0	37998174.562744
Qtr2	0	36015923.592832	21075135.135135	0	0	17119565.217391	0	0	27556636.884548
Qtr3	0	0	16943521.594684	0	0	37432432.432432	0	0	27187977.013558
Qtr4	0	0	100719424.46043	0	0	0	0	0	100719424.46043
2020	0	0	0	0	0	0	0	0	0
Qtr1	0	91665104.477612	0	76923076.923077	45883221.256356	0	0	0	65088655.97835
Qtr2	0	0	0	0	3191057	0	3191057	0	3191057
Qtr3	0	0	0	0	0	0	0	0	0
Qtr4	0	0	9138291.6666667	0	0	0	0	0	9138291.6666667
2021	0	0	0	0	0	0	0	0	0
Qtr1	0	35941476	0	0	0	0	0	0	35941476
Qtr2	0	0	0	0	0	0	0	0	0
Qtr3	7737931	0	0	0	55876102	0	0	0	31807016.5
Qtr4	0	0	12178485.5	0	0	0	0	0	12178485.5
2022	0	0	0	0	0	0	0	0	0
Qtr1	3756574	0	0	0	0	0	0	69589422	36672998
Grand Total	5092422.217442	30978310.002298	28915810.535681	50038709.856062	61155375.787109	23528202.115159	3191057	69589422	34796867.77462

ICI Land Specialists

View All

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Alex Kwong

BA

Focused Industrial

604 684 8844 · 723

[email protected]

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…

Amir Kamyab-Nejad

B.Eng, MBA

604 684 8844 · 712

[email protected]

Land | Retail

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…

Josh Rosenberg

Managing Broker

604 684 8844 · 716

[email protected]

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…

Olga Tarasenko

B.Ling (BACHELOR OF LINGUISTICS), DIBM

604 684 8844 · 705

[email protected]

Land | Multi-Family

“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…

Brian Oh PREC*

M.Eng

604 684 8844 · 710

[email protected]

Business | Business and Property | Retail

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…

Dmytro Chernysh PREC*

DIBM, BSKin

Focused Industrial

604 684 8844 · 704

[email protected]

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…

Michael Coulter

604 684 8844 · 709

[email protected]

Land | Industrial

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,…

Nahal Gamini PREC*

IIDA, IDC, NCIDQ

604 684 8844 · 702

[email protected]

Industrial | Land | Multi-Family | Office | Retail | Medical Services | Institutional / Special | Business and Property

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…

Bready Wu

604 684 8844 · 711

[email protected]

Land Assembly

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…

Sunny Oberoi

604 684 8844 • 721

[email protected]

Retail | Industrial

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,…

Eugen Klein

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

604 684 8844 · 701

[email protected]

Land | Multi-Family | Retail | Mobile Home Park

- 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…

Dino (Dean) Thomas PREC*

DEC

604 684 8844 · 706

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Industrial | Land | Retail

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…

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Head Office

201 - 2468 Scotia Street
Vancouver BC
V5T 1W5

O 604 684 8844
F 866 352 9311
T 1 855 684 8844

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Klein Group of Companies

Commercial
Residential
Project Marketing
Property Management

Brokerage of

Royal LePage Westside Klein Group

First access to our public and non-public
offerings, foreclosures, and new projects.

Head Office

201 - 2468 Scotia St
Vancouver BC
V5T 1W5

O 604 684 8844
F 866 352 9311
T 1 855 684 8844

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Commercial
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Project Marketing

2022 Q1

Greater Vancouver ICI Land Sales Market Report

Table Of COntents

Highlights

How ICI Land properties have responded to the market.

100

2022 Q1 Sales Transactions

$110B

2022 Q1 Sales Volume

440

Largest Market Share - City

2022 Q1

Greater Vancouver Overview

Total Sales & Transaction Volume

$ Volume And Number Of Transactions

ICI Land Market Share

2022 Q1

Burnaby ICI Land Sales

Sales & Price By Neighbourhood

$ Volume And Number Of Transactions

Price/Acre (Avg)

2022 Q1

Coquitlam ICI Land Sales

Sales & Price By Neighbourhood

$ Volume And Number Of Transactions

Price/Acre (Avg)

2022 Q1

New Westminster ICI Land Sales

Sales & Price By Neighbourhood

$ Volume And Number Of Transactions

Price/Acre (Avg)

2022 Q1

North Vancouver ICI Land Sales

Sales & Price By Neighbourhood

$ Volume And Number Of Transactions

Price/Acre (Avg)

2022 Q1

Port Coquitlam ICI Land Sales

Sales & Price By Neighbourhood

$ Volume And Number Of Transactions

Price/Acre (Avg)

2022 Q1

Richmond ICI Land Sales

Sales & Price By Neighbourhood

$ Volume And Number Of Transactions

Price/Acre (Avg)

2022 Q1

Vancouver ICI Land Sales

Sales & Price By Neighbourhood

$ Volume And Number Of Transactions

Price/Acre (Avg)

ICI Land Specialists

Alex Kwong

BA

Focused Industrial

Amir Kamyab-Nejad

B.Eng, MBA

Land | Retail

Josh Rosenberg

Managing Broker

Olga Tarasenko

B.Ling (BACHELOR OF LINGUISTICS), DIBM

Land | Multi-Family

Brian Oh PREC*

M.Eng

Business | Business and Property | Retail

Dmytro Chernysh PREC*

DIBM, BSKin

Focused Industrial

Michael Coulter

Land | Industrial

Nahal Gamini PREC*

IIDA, IDC, NCIDQ

Industrial | Land | Multi-Family | Office | Retail | Medical Services | Institutional / Special | Business and Property

Bready Wu

Sunny Oberoi

Retail | Industrial

Eugen Klein

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

Land | Multi-Family | Retail | Mobile Home Park