Vancouver sees sharp rise in land transactions

by Steve Randall15 Sep 2016
The value of residential land sales in Metro Vancouver has increased sharply in the past year with 550 transactions totalling $2.6 billion.

A report from Colliers International Canada reveals that the total is up $1.7 billion from the half-year mark of 2015 and a 200 per cent increase in medium density transactions pointing to long-term speculation on rezoning.

Colliers says that the high cost of land is being passed on to homebuyers with a record 22 active concrete residential projects selling above an average $1000 per square foot.

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