Multi-family brokers see signs of increasing activity following a lacklustre first half, with sales down markedly versus a year ago.

Metro Vancouver sales declined by more than 40 per cent in the first six months of 2025 versus a year earlier, according to data from Goodman Commercial Inc.

Transactions were down 46 per cent to 32 deals, while total value fell 40 per cent to $537.3 million.

“The biggest storyline is the massive drop off in the suburbs which saw the lowest number of transactions in over 20 years; even during the height of the COVID pandemic and 2008 global financial crisis there were more than twice as many sales in the suburbs,” said Ian Brackett of Goodman Commercial.

Suburban sales in the period numbered just six, down 81 per cent from a year ago, with an aggregate va

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