Making the Smart Choice with Vancouver Commercial Real Estate Listings

When it comes to cities with the greatest potential for business success, no other comes close to the accolades received by Vancouver. According to leading Canadian business media authority Profit Guide, Vancouver ranks within the Top 20 of the best places to do business in the nation. Financial authorities like KPMG Canada also ranked the City of Glass as the most tax competitive city in the world, as seen in its low tax rates, affordable housing options, and the low cost of goods and services.

Statistics on Land Use in Vancouver

The City of Vancouver is home to more than 650,000 residents. This vast metropolitan region spans across 2,800 square kilometers, with around 900 square kilometers dedicated for urban developments like residential, industrial, and commercial structures. Around a third of this portion for development has been allotted for agriculture and farming. The rest of the land in Metro Vancouver has been maintained as open spaces or nature preserves. Read more from this blog:http://bit.ly/2mgxT1W

Importance of a Business Broker in Taking Advantage of the Vancouver Commercial Property Boom

Positive market trends in Vancouver for the past five years have heightened business optimism among commercial real estate buyers and sellers. Buying and selling commercial property, however, especially for those new to it, can be daunting. Hiring a business broker offers many distinct advantages.

Commercial Real Estate Sales in Five Years

According to the Real Estate Board of Greater Vancouver (REBGV), a member-based association of more than thirteen thousand realty agencies, Metro Vancouver showed the highest growth in five years. Realtors had 660 transactions in Lower Mainland Vancouver during the first quarter in 2016, marking an increase of 26% from 2015.

Sales also increased by 78.1% in terms of total dollar value, from $1.63 billion in 2015 to $2.904 billion in 2016 for the same quarter. The commercial market picked up with land sales as the hottest property class, followed by office and retail properties. Read more from this blog: http://bit.ly/2mgx6Oy