The value of B.C.’s top 100 real estate deals fell 5.9% in 2017 to $3.98 billion compared with $4.23 billion in 2016, but their median value increased by $9.1 million (51.3%) to $27.1 million compared with $17.9 million in 2016.
So while there were fewer deals over $100 million on Business in Vancouver’s Top 100 Real Estate Deals of 2017 list – six compared with eight in 2016 – the value of the deals ranked in the middle of the list increased. The rise in median real estate deal values is also supported by the declining value of the top 10 deals as compared with the rest of the list.
In 2017, the top 10 real estate deals accounted for 35.4% of the total value
of real estate deals on the list; in 2016, the top 10 accounted for 53%.
The 10 largest real estate deals in the province had a total value of $1.41 billion in 2017 compared with $2.3 billion in 2016.