By Altus Group | June 2, 2016

Record Setting Quarter in the Greater Vancouver Commercial Real Estate Market

566 asset sale transactions over $1 million were recorded in Q1 2016, for a total investment value of $2.7 billion.

VANCOUVER ‒ Altus Group, a leading provider of commercial real estate services, software and data solutions, today announced the results for the first quarter of 2016 for the Greater Vancouver Area (GVA) commercial real estate investment market. Overall dollar volume increased by 7%, and for the second quarter running, set an all time record.


The Industrial and Residential Land markets were the top performers of the quarter, and the only two sectors that recorded investment growth over the previous quarter. Both asset classes posted record quarters, the Residential Land market up +60%, the Industrial market up +117%.

The top five transactions of the quarter took place in the Residential Land market (4) and the Industrial market (1). Each of these transactions were developer acquisitions and were located within the City of Vancouver. Combined, these transactions account for 20% of the overall market investment and include the acquisition of the Dogwood Pearson land by Onni Group, two west side development sites, a west end development site and Concord Pacific’s acquisition of the Molson Brewery.

Despite the gains in investment activity in the Industrial and Land markets, the remaining improved asset classes (Office, Retail, and Apartment) recorded declines in both deal count and dollar volume.


“The exceptional year posted in 2015 appears to be continuing into 2016. Select asset classes are driving the overall market metrics into new territory,” noted Paul Richter, Director, Commercial Research at Altus Group. “The appetite for development land appears insatiable, even for sites that require long hold periods and deep community planning involvement.”

These results were previously released under the REALNET® Canada name, whose independent and comprehensive data, analyses and insights on the commercial real estate investment and residential development markets is collected and compiled using a nationally consistent research process established in 1995. Going forward they will be released by Altus Group, powered by a proprietary data platform led by Altus Data Solutions Canada. This teamis the formal unification of leading Canadian real estate data companies previously acquired by Altus Group, including REALNET® Canada.

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About Altus Data Solutions

Altus Data Solutions connects the Canadian real estate industry through the provision of data with unparalleled breadth, integrity and relevance, delivered through a proprietary technology platform with integrated analytics. This unified data solution, combined with trusted industry expertise, empowers our clients to make faster, more informed decisions in a competitive and dynamic real estate industry.

About Altus Group Limited

Altus Group Limited is a leading provider of independent advisory services, software, and data solutions to the global commercial real estate industry. Our businesses, Altus Analytics and Expert Services, reflect decades of experience, a range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain market insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,300 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world’s largest real estate industry participants across a variety of sectors. Altus Group pays a quarterly dividend of $0.15 per share and our securities are traded on the TSX under the symbols AIF and AIF.DB.A.

For more information on Altus Group, please visit:

Paul Richter
Director, Commercial Research
Altus Group
(604) 878-5225 ext. 1697

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