As your Commercial Real Estate and Business Broker, in addition to sales, marketing and negotiating terms, my services include providing transaction details and coordinating on your behalf with other professionals as required to ensure an efficient and cost effective process.  In this regard, I continue to assemble a network of professionals that are available for you to call upon to assist with your specific requirements and who are prepared to work with your existing advisors.  For your convenience, attached find my Professional Services Network with a brief overview of the services they provide and contact details.    

The British Columbia Land Owner Transparency Act (LOTA) creates a registry for information about individuals who are deemed to have an indirect interest in land.   As defined in section 1 of LOTA, this term refers to an estate in fee simple; a life estate in land; a right to occupy land under a lease that has a term of more than 10 years, or a right under an agreement for sale to occupy land, or require the transfer of an estate in fee simple interest in land as defined in section 1 of LOTA (e.g. through corporations, trusts and partnerships) which is housed in a searchable, public database.

Sales and dollar values in the Lower Mainland’s commercial real estate market continued to decline through the third quarter (Q3) of 2022. There were 349 commercial real estate sales in the Lower Mainland in Q3 2022, a 46 % decrease from the 646 sales in Q3 2021, according to data from Commercial Edge, a commercial real estate system operated by the Real Estate Board of Greater Vancouver (REBGV).

Activity in the Lower Mainland’s commercial real estate market edged down in the second quarter (Q2) of 2022 from the brisker pace experienced at the start of the year.

The commercial real estate (CRE) sector plays an important role in the Metro Vancouver economy. The development, construction, and operation of CRE sector buildings both directly and indirectly creates thousands of jobs and adds tremendous value to regional GDP.

Sales activity in the Lower Mainland’s commercial real estate market reached the second-highest annual total on record in 2021.

The BCREA Commercial Leading Indicator (CLI) fell from 155.4 to 150.9 in the third quarter of 2021, representing the first decline since the economy began recovering from the COVID-19-induced recession.

Lower Mainland's commercial real estate market sees strong activity in the second quarter of 2021.  The increased activity seen in the commercial market in the beginning of 2021 carried into Q2.

The British Columbia Real Estate Association Commercial Leading Indicator is designed to forecast changes in broad commercial real estate activity. 

Canadian prices, as measured by the Consumer Price Index (CPI), rose 4.4% on a year-over-year basis in September, rising at the fastest rate since 2003.

Canadian seasonally-adjusted retail sales rose 2.1% to $57.2 billion in August. The rise was driven by sales at food and beverage stores (4.8%), gasoline stations (3.8%), and clothing and clothing accessories stores (+3.9%).

Canadian employment grew for the fourth consecutive month in September, rising by 157,000 to 19.13 million (0.8%, m/m).  During the survey period, several provinces had reintroduced or planned to reintroduce vaccine passports and indoor masking.

MLS monthly commercial real estate sales summary for each asset class and provided by the Real Estate Board of Greater Vancouver.                          

Report on sale statistics for Land, Office, Retail, Industrial and Multifamily.  Lower mainland's commercial real estate market saw activity pick up in Q1 2021.