Lower Mainland commercial real estate transactions drop 58 per cent

According to Commercial Edge data from the Real Estate Board of Greater Vancouver (REBGV), commercial real estate sales and dollar volumes in the Lower Mainland had a slow start in 2023, with year-over-year declines across all property types. There were 273 commercial real estate sales in the Lower Mainland in Q1 2023, a 58.1 per cent decrease from 651 sales in Q1 2022, and the total dollar value of commercial real estate sales was $1.48 billion in Q1 2023, a 64.8 per cent decrease from $4.21 billion in Q1 2022. This marks the

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