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Greater Vancouver Realtors say 2025 was the slowest year since 2009 for commercial transactions in the region, with a fall of 8.3% overall when compared with 2024.<\/p>\n
The association says the total dollar volume of commercial transactions in the Lower Mainland last year was $7.466 billion, a 23.2% decrease from $9.723 billion in 2024.<\/p>\n
A news release says there were 212 commercial land sales in 2025, which was a nearly 50% decrease from the year before.<\/p>\n
The bright spot last year was in office sales, which the group says were up by nearly 60% with 367 sales in 2025 compared with 232 in 2024.<\/p>\n
There was also a 10.7% increase in commercial \u201cretail and other\u201d sales, but a 15.7% decrease in industrial sales and a nearly 30% drop in multi-family sales in 2025 from the year before.\u00a0<\/p>\n
Andrew Lis, the association\u2019s chief economist, says the decline in overall transaction volumes is \u201crelatively modest\u201d when \u201cconsidering that numerous uncertainty-inducing events transpired globally\u201d in 2025.\u00a0<\/p>\n
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andrew lis Greater Vancouver Realtors real estate market The Canadian Press vancouver vancouver home prices vancouver home sales vancouver housing market<\/p>\n
Last modified: April 10, 2026<\/p>\n<\/p><\/div>\n