Market Overview
Unprecedented demand for BC multi-family assets in the first six months of 2021 led to an astonishing 78 sales valued at more than $1.9B – obliterating the previous annual record of 85 sales valued at $1.51B set in 2018.
Value of BC multi-family sales
(greater than $5M)
Regional review
Investment activity in BC multi-family assets is increasingly occuring outside of Metro Vancouver
Recent transactions
completed by our Avison Young Vancouver multi-family team
SOLD
North Vancouver Land Assembly
215 E 16th Street, 1540 St. Georges Avenue, 235 E 16th Avenue, Vancouver
One of the largest Central Lonsdale land assemblies in 2021.
SOLD
Nanaimo Portfolio
1480 Boundary Crescent, 430 Stewart Avenue, 1529 & 1595 Boundary Crescent, Vancouver
One of the largest portfolio transactions on Vancouver Island in 2021.
SOLD
The Tallinn at 1155 Beach Avenue
1155 Beach Avenue, Vancouver
"One of the biggest multi-family deals in Vancouver for 2021" - Western Investor
SOLD
Hedstrom House
1060 Goldstream Avenue, Langford
119 brand new rental apartment units
SOLD
Glen Valley Grove
3147, 3149 & 3151 Aggregate Court, Langford
274 brand new rental apartment units spread across three buildings
SOLD
Lakeview Pointe
3623 Elliott Road, Kelowna
193 brand new rental apartment units
SOLD
Deltita Gardens
8507 120th Street, Delta
Record setting Delta transaction
SOLD
Queen Anne Place
1255 West 14th Avenue, Vancouver
61-unit concrete rental building with excess infill development potential in South Granville
SOLD
Park Lane Towers
1825 Haro Street, Vancouver
90-unit concrete rental apartment building Vancouver’s highly desirable West End – one of Canada’s most popular rental districts
Contact our multi-family team
© 2021 Avison Young. All rights reserved. E. & O.E.: The information contained herein was obtained from sources that we deem reliable and, while thought to be correct, is not guaranteed by Avison Young Commercial Real Estate Services, LP (“Avison Young”)
