While sentiments towards investment are rosy, the dollar volume of transactions fell by nearly half in 2023
Investor appetite in Vancouver commercial real estate remains hearty, despite some economic indigestion last year.
“That's primarily because our fundamentals across all asset classes are the strongest. In other words, our vacancy rate, our rental rate structure … is just better,” he said. “A nationwide slowdown in investment activity was observed due to higher interest rates and inflationary pressures. Across Vancouver, investors exhibited purchasing motivations similar to those of the previous year,” said the report.
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