Avison Young is very pleased to announce the acquisition of Devencore Investments Inc. and all its subsidiaries (which conduct commercial real estate services business in the Greater Montreal Region) together with the Devencore name and all trademarks. Devencore licensees in other markets will continue to operate under the Devencore name for a limited period of time in order to plan for a proper transition. Click here to read the press release.

Vancouver commercial real estate investment activity picks up at close of 2020

Posted : March 12, 2021

Commercial real estate investment activity in the Vancouver market area picked up in the fourth quarter of 2020, closing out the year on a high note. Total transaction volume reached $7.9 billion for the year, which was a 15% decrease from the $9.3 billion invested in 2019. Transaction counts over 2020 reached 1,421, down 8% compared to 1,550 recorded in 2019. The annual decline resulted from a significant drop off in the office and residential land sectors, while retail, industrial and apartment all saw an increase in activity over the previous year. Overall, the fourth quarter ended with nearly $2.2 billion in transaction volume across 381 transactions.

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Vancouver commercial real estate investment activity picks up at close of 2020
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