Greater Vancouver Apartment Source - Year End 2018 Highlights

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An unstable debt market coupled with the threat of further municipal and provincial regulations created uncertainty in the Vancouver apartment market in 2018. Last year recorded the fewest amount of transactions since 2013, and a 41% decrease from the peak of 169 buildings in 2015.Total sales volume increased by a marginal 6.00% from 2017 while compression of capitalization rates slowed tremendously. This translated into a minor increased in per-unit values for most markets.

In this edition, we highlight these trends and our team’s 2018 Top Apartment Sales Transactions. Click here to download newsletter. 

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For More Information, Please Contact:
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Steve Fame

Senior Vice President | Personal Real Estate Corporation

Vancouver

While his Colliers career began in 1998, Steve Fame’s brokerage career began in the Investment Division in 2002 where he became a top producer as Senior Vice President at Colliers International. 

With a passion for East Vancouver, Steve Fame focused his attention throughout Gastown, Chinatown, and the East Side of Downtown early in his career where he assisted with the rejuvenation of Vancouver's historic neighbourhoods. Today, Steve is a driving force throughout Vancouver focusing on premiere assets.

Assisting the City’s elite investment and development communities, Steve Fame has facilitated the sale of over $1.5 billion.  Steve continues to set records with multi-family, office, and retail assets in addition to record land values.

Steve Fame’s targeted marketing platform has consistently outperformed Vendor expectations.  As a Purchaser, Steve Fame will devise a strategy and demonstrate investment upside to ensure long-term appreciation and profitability.

Solid relationships, sound advice, and proven results allow Steve Fame to continue providing service excellence to his clients.

Notable Transactions:

2458-2490 Marine Drive - $65,000,000

950 West Broadway - $46,000,000

370-456 Prior Street - $36,000,000

1150 Raymur Avenue - $33,000,000

7070 Inlet Drive - $32,500,000

1333 Jervis Street - $26,000,000

901 W. Broadway - $22,500,000

310 Cambie Street - $22,000,000

2777 Oak Street - $21,500,000

828 W. 8th Avenue - $20,000,000

1150 Raymur Avenue - $19,000,000

198 West Hastings Street - $18,010,000

225-245 E. 2nd Avenue - $18,750,000

455 Abbott Street - $17,900,000

1055 Vernon Drive - $16,500,000

505 Railway Street - $13,500,000

633 Main Street - $13,480,000

830 Denman Street - $13,000,000

246 E. 1st Avenue - $13,000,000

520 Eighth Street - $12,650,000

128-130 West Hastings Street - $11,500,000

2805 E. Hastings Street - $11,100,000

1055 Vernon & 1157 Parker - $10,500,000

430 Railway Street - $10,400,000

1033 Granville Street - $10,000,000

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Dan Chatfield

Associate Vice President

Vancouver

As an integral part to Colliers International’s Investment Division, Dan has facilitated the sale of over $450 million, solidifying his path to becoming one of the company’s top performing brokers.

With a dynamic focus on Vancouver’s highly sought after multi-family sector, Dan’s ability to monitor market trends and position lucrative investment opportunities is a key driver for those acquiring or disposing commercial real estate.

These trends are further analyzed in the Apartment Source, a premier marketing publication highlighting the abundant activity of this asset class throughout the Lower Mainland.

An extensive network, unrivalled market knowledge and systematic marketing platform combine to make Dan an irreplaceable asset to owners, investors and the development community.

 

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