Perspectives on Metro Vancouver’s real estate industry outlook for the remainder of 2024 are faintly lined with optimism, even as deal volume remains sluggish.
The tepid start to the year can be attributed to two factors: A scarcity of high-quality assets and a more discerning and consolidated buyer pool, according to Kirk Kuester, executive managing director at Colliers Canada in Vancouver.
While forecasts show improvement over 2023 and transaction activity has picked up, the overall volume of deals closed so far this year has been lower than anticipated.
The dollar volume of transactions above $1 million in the region during the first two months of 2024 was 49 per
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