2022 Q1

Greater Vancouver ICI Land Sales Market Report

Home / Reports / 2022 - Q1 Commercial ICI Land Market Report
Share
Sign Up
Download
Print
Download
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.

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
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%
$ 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
ICI Land Market Share

2022 Q1

Burnaby ICI Land Sales

Sales & Price By Neighbourhood
Transaction NameSale PriceSize (Acre)Price/Acre
8411 Lougheed Highway$ 25,000,0002.8$ 9,090,909
5317 Byrne Road$ 13,800,0001.8$ 7,840,909
6074 Thorne Avenue$ 10,400,0001.5$ 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
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

2022 Q1

Coquitlam ICI Land Sales

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

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---
$ 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
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

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---
$ 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
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

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
$ 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
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

2022 Q1

Richmond ICI Land Sales

Sales & Price By Neighbourhood
Transaction NameSale PriceLand Size (acre)Date
9800 Van Horne Way$ 59,980,0009$ 1
11760 Mitchell Road$ 37,400,0008$ 3
12320 No. 2 Road$ 3,802,0005$ 3
13140 Westminster Highway$ 3,150,0005$ 2
8528 Ash Street$ 2,550,0000$ 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
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

2022 Q1

Vancouver ICI Land Sales

Sales & Price By Neighbourhood
Transaction NameSale PriceSize (Acre)Price/Acre
900 West 12th Avenue$ 100,000,0001.4$ 69,589,422
2410 Columbia Street$ 14,300,0000.3-
2999 West 53rd Avenue$ 12,800,0003.4$ 3,756,574
1325 East Georgia Street$ 5,050,0000.3-
1595 West 2nd Avenue$ 4,200,0000.1-
$ 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
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

ICI Land Specialists


Warning: Undefined variable $output in /home/devkleingroup/public_html/wp-content/plugins/kg-custom-functionality-master/includes/agent_functions.php on line 346
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…
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…
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…
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…
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,…
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…
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…
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,…
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…
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…
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…
magnifiercrossarrow-right