Vancouver Real Estate: Expected to Set Historic Price

According to Business in Vancouver, Vancouver’s real estate sector is off to a great start in the New Year as purchases of trophy properties push sales volume to a historic peak.

Vancouver could see its first billion-dollar real estate sale in 2016… The expected sale of the Bentall Centre office portfolio and the Royal Centre office and retail tower this year “will push overall dollar volume to previously unseen levels,” according to Avison Young. “Both assets will very likely set new benchmarks and may produce the first billion-dollar-plus commercial real estate transactions in Vancouver’s history,” Avison Young said in a recent 2016 forecast.

To read the full article on Business in Vancouver: Click here.