2019 GREATER VANCOUVER AND VICTORIA · 2019 Office Property Assessment Report 4 Income Approach The Income Approach to value is based on the assumption that the value of the property

2019 GREATER VANCOUVER AND VICTORIA

OFFICE PROPERTY ASSESSMENT REPORT

prepared for:

The Building Owners and Managers Association, B.C.

(BOMA)

BOMA BC

556-409 Granville Street

Vancouver, BC V6C 1T2

Telephone: (604) 684-3916

Fax: (604) 684-4876

www.boma.bc.ca

January 2019

RE: 2019 Greater Vancouver and Victoria Office Property Assessment Report

Dear Reader,

BOMA BC is pleased to provide, in partnership with Altus Group, the 2019 Office Property Assessment

Report for the Greater Vancouver and Victoria areas.

This report is available from the ‘Resources’ page of the BOMA website at www.boma.bc.ca under ‘BOMA

Publications’, so it can be easily referred to when required. If you have any further questions relating to the

survey, please do not hesitate to contact Ed Furlan at 778.329.9240 or [email protected].

Sincerely,

BOMA BC Altus Group

Damian Stathonikos Ed Furlan

http://www.boma.bc.ca/

i

Table of Contents

Introduction ................................................................................................................................................................ 1

Foreword .................................................................................................................................................................. 1

Report Format ......................................................................................................................................................... 1

Notice to Participants ............................................................................................................................................. 1

Information for Landlords and Tenants of Commercial Property ................................................................... 1

Market Value ........................................................................................................................................................... 2

Appraisal Methods ................................................................................................................................................. 2

Assessment & Vacancy Trends – Downtown Vancouver .................................................................................. 5

Average Assessments by Area ................................................................................................................................. 6

Assessment Data by Area ......................................................................................................................................... 7

Vancouver (Downtown) – Properties valued at greater than $5M .................................................................. 7

Vancouver (Broadway Corridor) – Properties valued at greater than $3M ................................................. 10

Vancouver (Other) – Properties valued at greater than $3M .......................................................................... 13

North Shore/Squamish – Properties valued at greater than $3M .................................................................. 17

Burnaby/New Westminster/Tri-Cities – Properties valued at greater than $3M ......................................... 18

Richmond/Delta – Properties valued at greater than $3M .............................................................................. 18

Surrey/White Rock – Properties valued at greater than $3M ......................................................................... 24

Greater Victoria – Properties valued at greater than $5M .............................................................................. 26

Altus Group Limited © 2019

BOMA BC/Altus Group

2019 Office Property Assessment Report

1

Introduction

Foreword

This report was prepared to give property managers, professionals, and asset owners a guide to office

properties with an assessed value over $3,000,000, except Downtown Vancouver and Greater Victoria,

which are over $5,000,000. The report concentrates on the main commercial centres of the Lower Mainland

and Vancouver Island. Data hereby included is sourced from BC Assessment tax roll based on properties

classified under the Actual Use Code “208 Office”.

Report Format

The buildings have been divided geographically into the following areas:

▪ Vancouver Assessment Area # 09

▪ Burnaby / New West / Tri-Cities Assessment Area # 10

▪ North Shore / Squamish Assessment Area # 08

▪ Richmond / Delta Assessment Area # 11

▪ Surrey / White Rock Assessment Area # 14

▪ Greater Victoria Assessment Area # 01

The properties are further sorted in street alphabetical order and street number. In total, 900 office buildings

have been surveyed for this report, with an assessed value of $3,000,000 or greater, except Downtown

Vancouver and Greater Victoria, which are over $5,000,000.

Notice to Participants

Please be advised that although every effort has been made to ensure the accuracy of this survey, we cannot

make any guarantees of information contained herein. We have used information provided by B.C.

Assessment, however if we have misrepresented the data for any building, it was inadvertent and we

apologize. In addition, revisions made at various review panels may not be reflected in the survey.

Information for Landlords and Tenants of Commercial Property

All British Columbia property owners can expect to receive their annual Property Assessment Notice in

early January. The assessment notice will show the property's assessed value, classification and other

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important information about the property. For tax planning purposes, landlords should provide a copy of

their assessment notice to each tenant who pays taxes on the property they rent.

If a property is classified as Business/Other, Major Industry or Light Industry, landlords are required by

law to provide a copy of their property's assessment notice no later than the appeal deadline of January 31st

to tenants who have requested the information.

As a tenant of property classified as Business/Other, Major Industry or Light Industry, the staff at BC

Assessment will be pleased to discuss with you exactly how the market value and classification was

determined, provided that you supply a letter of authorization from the property owner. This letter should

specify that the property owner agrees to the tenant's access to the assessment information.

Market Value

In general terms, market value is the price expected if a reasonable amount of time is allowed to find a

purchaser and if both seller and perspective buyer are fully informed. For assessment purposes in British

Columbia, market value is the most probable price that an unencumbered property will sell for on the open

market on July 1st. The physical condition of the property is judged on October 31st of the reference year.

To determine the market value of your property, BC Assessment considers the market conditions that affect

your real estate i.e. vacancy rates, sales transactions, rental rates etc. The assessment shown on your

property notice is the market value of the land and improvements as of the proceeding July 1 of every year.

This provides an equitable base for property taxation. In apportioning how much property tax each

property owner will pay annually, the province and local governments use assessments.

If you have not received your Property Assessment Notice, or if you have questions about your properties

value or classification, contact your local BC Assessment office.

Appraisal Methods

There are three fundamental approaches to value, which both public and private appraisers use to develop

market value estimates. A summary of each of these approaches follows:

Direct Comparison Approach

The Direct Comparison Approach to value is based on the assumption that an informed purchaser would

pay no more for a given property then it would cost to acquire a comparable property. Therefore, the sale

prices of comparable properties are first adjusted to reflect value trends in the market. For example, if the

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sale of a comparable property took place on May 1 and the value date for the subject property is July 1, B.C.

Assessment would adjust the sale price. The adjustment is based on market movement occurring between

May 1 and July 1.

Since no two properties are exactly alike (either in terms of location or physical characteristics), adjustments

to the sale price of each comparable property are required to account for their differences. Once the sale

price of a comparable property is adjusted, the reconstructed value reflects the "probable selling price" of

the property being appraised. This process is repeated for all comparable sales and produces a range of

values against which the subject property can be compared. Using the Direct Comparison Approach to

value is the most appropriate when the market is active and many properties with similar characteristics

are selling.

Cost Approach

The Cost Approach to value is based on the assumption that an informed purchaser would pay no more

for a property (land and building) than it would cost to purchase a similar piece of land on which a building

is constructed with characteristics comparable to the property being purchased.

The appraiser estimates the land value only, and then adds to this value the cost of replacing the

buildings(s) and other improvements.

Value of Land + Cost of Improvements (i.e. Building) - Depreciation = Total Value of Property

When applying this approach to value, costs must be adjusted to the valuation date, reflect market values

in the property's geographic location, and include all indirect costs (such as the developer or owner's profits

and the cost of financing during construction). Once the costs of constructing the subject building have

been determined, the appraiser estimates a deduction for:

▪ Physical Depreciation - loss in value due to normal wear.

▪ Functional Depreciation - loss in value due to the structure’s inability to function effectively.

▪ Economic Depreciation - loss in value due to location and other external factors.

The Cost Approach is used most often where the property under review is new or nearly new, there are no

comparable sales or the improvements are relatively unique or specialized.

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Income Approach

The Income Approach to value is based on the assumption that the value of the property is directly related

to the income it will generate over its economic life. When applying this approach, net operating income is

estimated:

Potential Gross Income - Vacancy/Bad Debt = Effective Gross Income - Operating Expenses = NOI

The appraiser determines the potential gross rental income the property could produce by analyzing rents

paid for the subject property, as well as those paid for by comparable properties located in the same

geographic location. An allowance is then made for vacancy and collection loss (which varies depending

upon the type and location of the property). From effective gross income, operating expenses are deducted

which determines the annual net operating income.

*Note: No deduction is allowed for mortgage interest as different owners have different mortgage

requirements. Completing the calculations as though there are no debt service charges places all such

owners on the same footing and is an important principle in assessment law.

Based on expectations a typical investor would have for the property, the annual net income is converted

to a capital value using a market-derived capitalization rate:

Value = Net Operating Income/Capitalization Rate

The appraiser analyzes the sales that occurred in the marketplace to determine what rates of return

investors are seeking for the various types of properties. The capitalization rate increases proportionally

with risk. The Income Approach is widely applied when appraising income-producing properties such as

the commercial office buildings in this report.

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Assessment & Vacancy Trends – Downtown Vancouver

The following provides a general assessment trend for office buildings in downtown Vancouver by

sampling ten buildings and tracing their assessment records from 1996 to 2019.

Also indicated in the graph by the red bar are the vacancy rates for Downtown Vancouver commercial

office space.

*Note: most 2009 assessments were frozen at 2008 levels due to a one time change in the assessment process.

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Assessment Year

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Average Assessments by Area

Property 2016 2017 2018 2019

%

Change

2018-

2019

% Change

per

Annum

2016-2019

Vancouver - Downtown $77,872,779 $86,608,986 $98,203,295 $112,897,136 15% 15%

Vancouver - Broadway $16,525,471 $19,901,328 $23,063,036 $25,455,936 18% 10%

Vancouver - Other $19,778,782 $24,389,257 $31,058,244 $33,523,227 23% 8%

North Shore $10,540,186 $12,110,079 $13,946,130 $16,751,617 20% 20%

Burnaby/New West/Tri-

Cities $24,799,876 $26,526,912 $28,401,364 $32,750,484 11% 15%

Richmond/Delta $10,829,594 $13,737,453 $15,409,342 $16,991,645 19% 10%

Surrey/White Rock $10,494,076 $13,223,931 $13,558,768 $15,731,614 17% 16%

Greater Victoria $13,190,260 $14,291,685 $16,722,333 $20,575,534 19% 23%

$60

$80

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2016 2017 2018 2019

Millio

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Average Assessed Values (Vancouver - DT only)

$8

$13

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$28

$33

2016 2017 2018 2019

Millio

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Average Assessed Value by Area (Excluding Vancouver - DT)

Vancouver - Broadway Vancouver - OtherNorth Shore Burnaby/New West/Tri-CitiesRichmond/Delta Surrey/White RockGreater Victoria

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Assessment Data by Area

Vancouver (Downtown) – Properties valued at greater than $5M

Property 2016 2017 2018 2019 % Change

2018-2019

% Change

per Annum

2016-2019

001-757 Hastings St W $11,271,000 $11,865,000 $13,058,000 $14,450,000 10.66% 9.40%

100 Powell St $4,854,000 $7,412,000 $8,491,000 $9,708,000 14.33% 33.33%

101 Water St $10,734,000 $11,887,000 $13,742,000 $15,908,000 15.76% 16.07%

1021 Hastings St W $333,874,000 $385,435,000 $421,200,000 $488,034,000 15.87% 15.39%

1030 Georgia St W $176,298,000 $188,301,000 $207,534,000 $228,659,000 10.18% 9.90%

1040 Georgia St W $129,278,000 $149,643,000 $170,266,000 $195,461,000 14.80% 17.06%

1050 Pender St W $105,367,000 $110,964,000 $123,702,000 $138,139,000 11.67% 10.37%

1055 Dunsmuir St $362,664,000 $392,272,000 $415,271,000 $475,756,000 14.57% 10.39%

1055 Georgia St W $341,726,000 $395,249,000 $426,192,000 $475,355,000 11.54% 13.03%

1066 Hastings St W $203,997,000 $211,635,000 $229,116,000 $264,473,000 15.43% 9.88%

1067 Cordova St W $210,336,200 $226,285,200 $243,613,200 $279,510,900 14.74% 10.96%

1070 Pender St W* $26,071,900 $30,809,300 $92,821,000 $114,613,000 23.48% 113.20%

1075 Georgia St W $173,758,000 $203,243,000 $211,555,000 $255,117,000 20.59% 15.61%

1090 Georgia St W $75,198,000 $85,376,000 $91,613,000 $102,180,000 11.53% 11.96%

1095 Pender St W $129,856,000 $134,873,000 $145,819,000 $170,129,000 16.67% 10.34%

1100 Melville St $72,035,000 $77,675,000 $86,098,000 $109,585,000 27.28% 17.38%

111 Dunsmuir St $119,201,000 $127,591,000 $138,153,000 $162,399,000 17.55% 12.08%

1111 Georgia St W $207,313,000 $219,361,000 $250,665,000 $298,447,000 19.06% 14.65%

1111 Hastings St W $45,274,000 $49,660,000 $57,997,000 $76,406,000 31.74% 22.92%

1111 Melville St $50,777,000 $58,001,000 $64,254,000 $82,201,000 27.93% 20.63%

1112 Pender St W $28,051,000 $31,507,000 $33,025,000 $41,893,000 26.85% 16.45%

1130 Pender St W $67,220,000 $70,833,000 $78,391,000 $89,393,000 14.03% 11.00%

1138 Melville St $79,333,000 $87,100,000 $92,653,000 $98,558,000 6.37% 8.08%

1140 Pender St W $75,913,000 $79,943,000 $88,485,000 $95,916,000 8.40% 8.78%

1155 Pender St W $33,867,000 $41,329,000 $42,432,000 $49,141,000 15.81% 15.03%

1166 Pender St W $64,159,000 $68,325,000 $72,971,000 $84,483,000 15.78% 10.56%

1177 Hastings St W $139,129,000 $158,613,000 $174,846,000 $195,558,000 11.85% 13.52%

1185 Georgia St W $71,016,000 $78,758,000 $87,395,000 $98,070,000 12.21% 12.70%

1188 Georgia St W $94,521,000 $103,597,000 $110,110,000 $122,201,000 10.98% 9.76%

119 Pender St W $20,276,000 $24,960,000 $28,276,000 $33,132,000 17.17% 21.14%

1190 Melville St $16,548,000 $18,792,000 $23,650,000 $26,161,000 10.62% 19.36%

1199 Hastings St W $29,519,000 $32,574,000 $36,245,000 $40,477,000 11.68% 12.37%

1199 Pender St W $31,374,000 $32,071,000 $32,998,000 $49,749,000 50.76% 19.52%

1201 Pender St W $33,127,000 $39,867,000 $48,617,000 $50,127,000 3.11% 17.11%

128 Pender St W $34,617,000 $38,803,000 $43,356,000 $42,697,000 -1.52% 7.78%

1281 Georgia St W $35,812,000 $43,153,000 $52,484,000 $57,424,000 9.41% 20.12%

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1285 Pender St W $61,790,000 $68,685,000 $73,272,000 $82,230,000 12.23% 11.03%

1445 Georgia St W $20,894,000 $24,682,000 $30,037,000 $32,872,000 9.44% 19.11%

1455 Georgia St W $18,604,000 $21,705,000 $22,661,000 $24,469,000 7.98% 10.51%

149 Hastings St W $56,399,000 $64,295,000 $70,992,000 $78,583,000 10.69% 13.11%

1500 Georgia St W $109,789,000 $161,071,000 $187,009,000 $199,643,000 6.76% 27.28%

163 Hastings St W $19,101,000 $21,673,000 $24,177,000 $26,553,000 9.83% 13.00%

175 Cordova St W $17,580,000 $20,281,000 $24,086,000 $31,967,000 32.72% 27.28%

190 Alexander St $15,990,000 $17,989,000 $20,139,000 $22,773,000 13.08% 14.14%

191 Alexander St* $4,280,000 $5,579,000 $7,028,000 $7,598,000 8.11% 25.84%

198 Hastings St W $16,811,000 $18,913,000 $21,063,000 $23,522,000 11.67% 13.31%

200 Burrard St $289,323,000 $313,400,000 $337,611,000 $381,734,000 13.07% 10.65%

200 Granville St $272,053,000 $294,625,000 $317,893,500 $352,318,000 10.83% 9.83%

207 Hastings St W $26,781,000 $32,010,000 $35,804,000 $40,228,000 12.36% 16.74%

211 Columbia St $6,158,000 $8,137,000 $9,712,000 $10,422,000 7.31% 23.08%

220 Cambie St $38,276,000 $46,476,000 $51,735,000 $57,695,000 11.52% 16.91%

236 Georgia St E $4,515,900 $6,346,100 $6,435,100 $6,282,100 -2.38% 13.04%

250 Howe St $164,175,000 $182,747,000 $196,911,000 $223,318,000 13.41% 12.01%

300 Georgia St W $148,427,000 $158,095,000 $171,137,000 $200,029,000 16.88% 11.59%

321 Water St $16,600,000 $18,773,000 $21,976,000 $23,432,000 6.63% 13.72%

325 Howe St $13,678,000 $16,719,000 $18,638,000 $21,251,000 14.02% 18.46%

333 Seymour St $79,675,000 $91,225,000 $95,043,000 $103,652,000 9.06% 10.03%

334 Cordova St W $11,117,000 $15,901,000 $18,058,000 $20,361,000 12.75% 27.72%

342 Water St $7,573,000 $8,548,000 $10,041,000 $11,808,000 17.60% 18.64%

349 Georgia St W $147,984,000 $178,382,000 $239,807,000 $316,247,000 31.88% 37.90%

350 Georgia St W $211,072,000 $225,529,000 $247,504,000 $278,522,000 12.53% 10.65%

353 Water St $11,640,000 $13,091,000 $15,221,000 $17,419,000 14.44% 16.55%

355 Burrard St $81,610,000 $90,025,000 $99,487,000 $110,535,000 11.10% 11.81%

400 Burrard St $136,415,000 $144,391,000 $156,171,000 $179,054,000 14.65% 10.42%

400 Hastings St W $6,493,000 $6,992,000 $8,722,000 $7,937,000 -9.00% 7.41%

401 Burrard St $136,330,000 $135,959,000 $146,813,000 $169,033,000 15.13% 8.00%

401 Georgia St W $154,876,000 $163,492,000 $176,961,000 $214,907,000 21.44% 12.92%

402 Pender St W $13,285,000 $16,352,000 $18,482,000 $21,989,000 18.98% 21.84%

409 Granville St $89,271,000 $106,709,000 $113,764,000 $127,071,000 11.70% 14.11%

411 Dunsmuir St $31,086,000 $34,049,000 $32,998,000 $36,956,000 11.99% 6.29%

425 Carrall St $33,878,000 $40,919,000 $46,075,000 $54,548,000 18.39% 20.34%

455 Granville St $8,891,000 $10,832,000 $12,488,000 $14,959,200 19.79% 22.75%

470 Granville St $45,318,000 $51,111,000 $55,447,000 $61,756,000 11.38% 12.09%

475 Georgia St W $44,132,000 $51,466,000 $56,999,000 $64,754,000 13.61% 15.58%

475 Howe St $48,180,000 $118,103,000 $255,219,000 $360,126,000 41.10% 215.82%

505 Burrard St $259,724,000 $282,036,000 $290,359,000 $334,419,000 15.17% 9.59%

509 Richards St $10,771,000 $12,117,000 $13,607,000 $15,310,000 12.52% 14.05%

51 Pender St E $6,395,000 $7,492,000 $9,074,000 $10,505,000 15.77% 21.42%

510 Burrard St $105,369,000 $110,701,000 $121,934,000 $136,049,000 11.58% 9.71%

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510 Georgia St W $362,384,000 $389,863,000 $425,375,000 $494,635,000 16.28% 12.16%

510 Hastings St W $32,595,000 $39,665,000 $44,861,000 $57,239,000 27.59% 25.20%

510 Seymour St $10,358,000 $45,350,000 $56,443,000 $65,344,000 15.77% 176.95%

518 Hornby St $4,298,000 $5,069,000 $6,397,300 $8,127,300 27.04% 29.70%

525 Seymour St $13,401,000 $16,019,000 $19,065,000 $22,547,000 18.26% 22.75%

530 Hornby St $11,712,000 $13,288,000 $14,593,000 $16,550,000 13.41% 13.77%

534 Cambie St* $2,097,700 $2,477,200 $4,272,200 $5,695,200 33.31% 57.17%

535 Howe St $10,254,000 $11,719,000 $13,138,000 $14,900,000 13.41% 15.10%

535 Thurlow St $24,174,000 $27,277,000 $28,700,000 $33,146,000 15.49% 12.37%

548 Cambie St $7,496,000 $7,997,000 $9,664,000 $11,717,700 21.25% 18.77%

549 Howe St $17,960,000 $19,993,000 $22,353,000 $23,106,000 3.37% 9.55%

550 Burrard St $439,728,000 $473,850,000 $508,814,000 $576,250,000 13.25% 10.35%

555 Georgia St W $11,061,000 $12,516,000 $14,015,000 $15,993,000 14.11% 14.86%

555 Hastings St W $275,963,700 $276,352,700 $301,271,400 $337,215,600 11.93% 7.40%

555 Richards St $12,079,000 $13,850,000 $16,253,000 $19,017,000 17.01% 19.15%

555 Robson St $53,486,000 $46,828,000 $92,640,000 $102,621,000 10.77% 30.62%

564 Beatty St $18,826,000 $22,431,000 $26,387,000 $30,667,000 16.22% 20.97%

570 Dunsmuir St $30,078,000 $34,535,000 $36,063,000 $40,239,000 11.58% 11.26%

576 Seymour St $14,370,000 $15,561,000 $17,380,000 $19,458,000 11.96% 11.80%

580 Granville St $21,263,000 $25,942,000 $30,808,000 $34,415,000 11.71% 20.62%

580 Hornby St $24,051,000 $28,848,000 $30,830,000 $33,197,000 7.68% 12.68%

595 Burrard St $269,399,000 $300,130,000 $323,089,000 $368,498,000 14.05% 12.26%

595 Hornby St $14,840,000 $16,803,000 $18,037,000 $19,687,000 9.15% 10.89%

595 Howe St $36,109,000 $43,471,000 $48,216,000 $53,907,000 11.80% 16.43%

601 Cordova St W $51,384,000 $59,647,000 $65,023,000 $73,506,000 13.05% 14.35%

601 Hastings St W* $39,856,500 $47,724,000 19.74% -

602 Hastings St W $24,416,000 $27,656,000 $29,593,000 $39,268,000 32.69% 20.28%

609 Hastings St W $12,622,000 $14,654,000 $16,476,000 $20,261,000 22.97% 20.17%

625 Howe St $59,567,000 $65,189,000 $72,286,000 $89,785,000 24.21% 16.91%

626 Pender St W $25,874,000 $29,108,000 $32,342,000 $36,039,000 11.43% 13.10%

650 Georgia St W $256,618,000 $280,861,000 $387,140,000 $409,511,000 5.78% 19.86%

666 Burrard St $395,673,000 $424,256,000 $456,313,000 $520,187,000 14.00% 10.49%

675 Hastings St W $39,003,000 $52,378,000 $59,490,000 $66,025,000 10.99% 23.09%

688 Hastings St W $37,494,000 $43,776,000 $48,545,000 $54,083,000 11.41% 14.75%

692 Seymour St $13,536,000 $13,712,000 $16,691,000 $20,587,000 23.34% 17.36%

717 Pender St W $14,586,000 $16,588,000 $22,877,000 $27,449,000 19.99% 29.40%

736 Granville St $39,454,000 $47,640,000 $50,943,000 $56,571,000 11.05% 14.46%

744 Hastings St W $26,906,000 $30,588,000 $34,185,000 $38,296,000 12.03% 14.11%

750 Cambie St $24,065,000 $27,074,000 $30,504,000 $38,131,000 25.00% 19.48%

750 Pender St W $141,077,000 $154,438,000 $170,278,000 $190,758,000 12.03% 11.74%

768 Seymour St $62,334,000 $70,009,000 $76,007,000 $87,400,000 14.99% 13.40%

777 Hornby St $102,819,000 $115,419,000 $125,921,000 $139,961,000 11.15% 12.04%

777 Seymour St $70,416,000 $76,938,000 $82,551,000 $99,073,000 20.01% 13.57%

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780 Beatty St $12,109,000 $12,417,000 $13,944,000 $16,574,000 18.86% 12.29%

788 Beatty St $18,768,000 $21,114,000 $26,040,000 $30,319,000 16.43% 20.52%

789 Pender St W $54,411,000 $62,006,000 $68,625,000 $76,333,000 11.23% 13.43%

800 Burrard St $142,803,000 $159,662,000 $172,897,000 $213,184,000 23.30% 16.43%

800 Pender St W $49,207,000 $52,605,000 $57,242,000 $67,986,000 18.77% 12.72%

808 Hastings St W $44,303,000 $49,529,000 $52,783,000 $62,355,000 18.13% 13.58%

815 Hastings St W $48,481,000 $54,260,000 $59,073,000 $67,165,000 13.70% 12.85%

840 Howe St $108,152,000 $110,938,000 $111,872,000 $144,601,000 29.26% 11.23%

847 Hornby St $65,461,000 $76,071,000 $82,732,000 $93,277,000 12.75% 14.16%

850 Hastings St W $20,415,000 $23,272,000 $25,935,000 $29,094,000 12.18% 14.17%

858 Beatty St $142,466,000 $157,266,000 $172,516,000 $200,252,000 16.08% 13.52%

86 Pender St E* $10,493,000 $12,628,000 $14,178,000 $17,070,000 20.40% 20.89%

885 Dunsmuir St $43,750,000 $48,902,000 $53,224,000 $62,847,000 18.08% 14.55%

885 Georgia St W $249,363,000 $264,303,000 $286,951,000 $326,066,000 13.63% 10.25%

888 Dunsmuir St $45,788,000 $52,117,000 $57,485,000 $72,754,000 26.56% 19.63%

889 Pender St W $16,551,000 $19,462,000 $21,668,000 $23,916,000 10.37% 14.83%

89 Georgia St W $55,458,000 $66,613,000 $72,520,000 $87,524,000 20.69% 19.27%

890 Pender St W $28,535,000 $30,457,000 $33,344,000 $38,715,000 16.11% 11.89%

900 Hastings St W $43,428,000 $47,642,000 $52,781,000 $58,395,000 10.64% 11.49%

900 Howe St $44,858,000 $47,187,000 $49,131,000 $57,518,000 17.07% 9.41%

905 Pender St W $21,315,000 $21,558,000 $23,990,000 $26,504,000 10.48% 8.11%

925 Georgia St W $211,939,000 $229,975,000 $248,045,000 $281,962,000 13.67% 11.01%

980 Howe St $163,383,000 $175,172,000 $196,503,000 $226,903,000 15.47% 12.96%

999 Hastings St W $118,385,000 $127,083,000 $138,703,000 $156,652,000 12.94% 10.77%

Waterfront $41,749,000 $44,432,000 $47,112,000 $52,779,000 12.03% 8.81%

*indicates new or additional properties added from previous report

Vancouver (Broadway Corridor) – Properties valued at greater

than $3M

Property 2016 2017 2018 2019 % Change

2018-2019

% Change

per Annum

2016-2019

1001 Broadway W* $22,144,000 $25,146,000 $31,604,000 $36,320,000 14.92% 21.34%

1037 Broadway W $6,068,000 $6,769,700 $8,187,700 $8,858,700 8.20% 15.33%

1060 8th Ave W $12,146,900 $14,568,400 $18,181,400 $19,676,400 8.22% 20.66%

1089 Broadway W $5,581,300 $6,695,300 $8,102,300 $8,769,300 8.23% 19.04%

1091 8th Ave W $4,396,000 $4,284,000 $5,085,900 $5,387,500 5.93% 7.52%

1151 8th Ave W $3,372,000 $3,285,000 $3,559,000 $3,636,000 2.16% 2.61%

1177 Broadway W $13,181,000 $21,617,000 $26,169,000 $20,652,000 -21.08% 18.89%

1195 Broadway W $14,147,000 $16,486,000 $19,926,000 $22,871,000 14.78% 20.56%

BOMA BC/Altus Group


11

1234 6th Ave W $2,574,000 $3,159,800 $3,834,800 $4,059,800 5.87% 19.24%

1285 Broadway W $47,348,000 $58,427,000 $70,672,000 $78,013,000 10.39% 21.59%

1322 Broadway W* $28,340,000 $33,982,000 $41,107,000 $44,457,000 8.15% 18.96%

1333 Broadway W $87,326,000 $98,491,000 $108,947,000 $139,966,000 28.47% 20.09%

1333 Johnston St $4,242,000 $4,465,000 $4,551,000 $4,907,000 7.82% 5.23%

1338 6th Ave W $3,840,000 $3,748,000 $4,060,000 $4,180,000 2.96% 2.95%

1385 8th Ave W $37,116,000 $41,681,000 $46,067,000 $53,093,000 15.25% 14.35%

1401 8th Ave W $24,085,000 $29,718,000 $35,942,000 $38,875,000 8.16% 20.47%

1401 Broadway W $10,180,000 $11,901,000 $14,320,000 $16,325,000 14.00% 20.12%

1408 8th Ave W* $4,611,600 $5,700,300 $7,116,500 $7,699,500 8.19% 22.32%

1412 7th Ave W $10,078,700 $12,462,900 $15,535,900 $16,814,900 8.23% 22.28%

1416 8th Ave W $5,333,800 $6,397,600 $7,987,600 $8,644,600 8.23% 20.69%

1441 Creekside Dr $49,598,000 $55,436,000 $61,440,000 $71,612,000 16.56% 14.79%

1462 8th Ave W $2,902,000 $3,153,900 $3,934,900 $4,258,000 8.21% 15.58%

1489 Broadway W $20,888,000 $24,080,000 $28,623,000 $31,964,000 11.67% 17.68%

1493 12th Ave W $8,240,000 $9,822,000 $10,457,400 $10,782,400 3.11% 10.28%

1501 Broadway W $12,624,000 $14,269,000 $17,784,000 $20,382,000 14.61% 20.48%

1505 2nd Ave W $19,083,000 $22,560,000 $25,653,000 $27,683,000 7.91% 15.02%

1508 Broadway W $93,689,000 $105,040,000 $115,411,000 $128,211,000 11.09% 12.28%

1524 6th Ave W $3,506,000 $4,205,700 $5,252,700 $5,685,700 8.24% 20.72%

1525 7th Ave W $5,230,100 $6,273,600 $7,593,600 $8,218,700 8.23% 19.05%

1525 8th Ave W $15,474,400 $18,559,000 $22,457,000 $24,304,000 8.22% 19.02%

1541 Broadway W $7,387,000 $7,891,000 $10,944,000 $12,345,000 12.80% 22.37%

1565 7th Ave W $18,996,400 $22,786,700 $27,609,800 $29,879,800 8.22% 19.10%

1574 6th Ave W $5,125,400 $6,337,300 $7,898,300 $8,135,600 3.00% 19.58%

1575 5th Ave W $2,542,000 $3,043,000 $3,817,000 $4,369,000 14.46% 23.96%

1586-1580 Broadway

W* $53,876,000 $60,404,000 $66,278,000 $75,162,000 13.40% 13.17%

1587 8th Ave W $10,865,500 $13,418,900 $16,247,900 $17,588,200 8.25% 20.62%

1616 7th Ave W $10,269,000 $12,702,000 $15,843,000 $17,150,000 8.25% 22.34%

1620 8th Ave W $24,745,000 $29,674,000 $37,029,000 $40,072,000 8.22% 20.65%

1622 7th Ave W $3,516,000 $4,216,500 $5,263,500 $5,696,500 8.23% 20.67%

1626 2nd Ave W $3,299,100 $3,956,700 $4,940,700 $5,594,700 13.24% 23.19%

1636 2nd Ave W $3,296,000 $3,953,300 $4,937,300 $5,591,300 13.25% 23.21%

1638 3rd Ave W $6,316,000 $7,246,000 $8,139,000 $8,466,700 4.03% 11.35%

1639 2nd Ave W $8,280,000 $9,516,000 $10,662,000 $12,031,000 12.84% 15.10%

1644 3rd Ave W* $2,021,000 $2,359,000 $2,668,000 $3,003,000 12.56% 16.20%

1645 5th Ave W $3,130,700 $3,755,600 $4,691,600 $5,309,600 13.17% 23.20%

1645 7th Ave W $12,193,500 $14,626,900 $17,704,900 $19,162,900 8.24% 19.05%

1650 2nd Ave W* $6,457,600 $9,223,000 $24,649,000 $23,566,000 -4.39% 88.31%

1661 2nd Ave W $3,688,000 $4,281,000 $4,957,500 $5,613,100 13.22% 17.40%

1661 5th Ave W $3,127,500 $3,752,100 $4,688,100 $5,307,600 13.21% 23.24%

1662 8th Ave W $2,621,700 $3,145,500 $3,926,500 $4,250,600 8.25% 20.71%

BOMA BC/Altus Group


12

1665 Broadway W $20,030,000 $23,513,000 $28,431,000 $32,387,000 13.91% 20.56%

1666 8th Ave W $2,621,700 $3,145,500 $3,926,500 $4,250,600 8.25% 20.71%

1670 5th Ave W $2,052,000 $3,167,000 $3,683,000 $4,322,000 17.35% 36.87%

1672 1st Ave W $3,561,000 $4,217,000 $5,444,900 $6,164,200 13.21% 24.37%

1672 2nd Ave W $3,351,700 $4,019,900 $5,020,900 $5,687,900 13.28% 23.23%

1675 2nd Ave W $3,856,000 $4,500,000 $5,100,000 $5,747,000 12.69% 16.35%

1678 Broadway W $5,996,900 $7,193,500 $8,707,500 $9,425,700 8.25% 19.06%

1682 7th Ave W $12,460,200 $14,941,900 $18,076,900 $19,561,900 8.21% 19.00%

1684 2nd Ave W $3,347,900 $4,015,800 $5,016,800 $5,683,800 13.30% 23.26%

1685 4th Ave W* $14,144,600 $17,101,800 $20,913,800 $21,811,000 4.29% 18.07%

1687 Broadway W $13,255,200 $16,366,400 $19,809,400 $21,440,700 8.23% 20.58%

1690 Broadway W $14,389,400 $17,768,000 $21,509,000 $23,281,200 8.24% 20.60%

1701 Broadway W $12,977,800 $16,020,100 $19,387,100 $20,982,400 8.23% 20.56%

1703 5th Ave W $3,074,900 $3,688,600 $4,608,600 $5,214,600 13.15% 23.20%

1722 2nd Ave W $3,299,600 $3,957,000 $4,942,000 $5,596,000 13.23% 23.20%

1731 4th Ave W $4,605,800 $5,384,100 $6,584,100 $6,867,100 4.30% 16.37%

1737 3rd Ave W $5,002,100 $5,994,600 $7,478,600 $8,513,600 13.84% 23.40%

1745 8th Ave W $65,344,000 $80,648,000 $97,571,000 $105,587,000 8.22% 20.53%

1755 3rd Ave W $3,317,300 $3,980,000 $4,972,000 $5,633,000 13.29% 23.27%

1755 Broadway W $33,921,000 $40,671,000 $49,192,000 $56,473,000 14.80% 22.16%

1758 8th Ave W $5,235,800 $6,281,800 $7,844,800 $8,490,800 8.23% 20.72%

1765 8th Ave W $16,152,000 $18,265,300 $21,781,500 $25,810,000 18.50% 19.93%

1770 7th Ave W $36,264,000 $40,213,000 $46,265,000 $56,154,000 21.37% 18.28%

1770 Burrard St $21,787,000 $24,749,000 $27,847,000 $29,978,000 7.65% 12.53%

1777 8th Ave W $4,858,100 $5,825,200 $7,046,200 $7,624,200 8.20% 18.98%

1785 4th Ave W* $11,593,000 $16,677,000 $17,558,000 5.28% -

1800 Spyglass Pl $6,504,000 $6,938,000 $8,387,000 $8,957,000 6.80% 12.57%

1806 Pine St $3,356,100 $4,024,700 $5,025,700 $5,692,700 13.27% 23.21%

2301 Cambie St $3,677,200 $4,530,300 $5,484,300 $5,935,300 8.22% 20.47%

2310 Ash St $39,247,000 $44,150,000 $48,546,000 $60,157,000 23.92% 17.76%

2380 Oak St $2,578,700 $3,164,800 $3,839,800 $4,064,900 5.86% 19.21%

2405 Pine St $26,445,800 $32,662,500 $39,550,500 $42,816,700 8.26% 20.63%

2433 Spruce St $20,063,000 $24,742,000 $29,904,000 $32,273,300 7.92% 20.29%

2440 Ash St $11,557,200 $18,613,600 $21,106,600 $21,519,600 1.96% 28.73%

2590 Granville St $12,005,000 $12,729,000 $15,466,000 $15,657,000 1.23% 10.14%

2608 Granville St $58,658,000 $65,786,000 $73,096,000 $80,561,000 10.21% 12.45%

2609 Granville St $22,845,000 $26,475,000 $32,307,000 $31,314,000 -3.07% 12.36%

2675 Oak St $4,930,000 $4,855,000 $4,855,000 $6,706,000 38.13% 12.01%

2836 Ash St* $5,381,900 $6,385,000 $7,292,000 $7,654,000 4.96% 14.07%

2951 Cambie St* $2,045,000 $2,345,500 $2,799,500 $3,079,500 10.00% 16.86%

3195 Granville St $18,959,000 $21,435,000 $25,453,000 $27,150,000 6.67% 14.40%

515 10th Ave W $28,482,000 $45,654,000 $40,530,000 $43,750,000 7.94% 17.87%

520 6th Ave W $29,434,000 $33,276,000 $39,483,000 $44,033,000 11.52% 16.53%

BOMA BC/Altus Group


13

525 10th Ave W $6,690,000 $7,561,500 $8,651,700 $9,267,800 7.12% 12.84%

530 Broadway W $8,396,000 $8,267,000 $9,257,000 $9,418,000 1.74% 4.06%

535 10th Ave W $4,328,300 $7,485,300 $8,489,300 $9,135,300 7.61% 37.02%

545 10th Ave W $4,323,900 $7,480,500 $8,484,500 $9,130,500 7.61% 37.05%

550 6th Ave W $35,939,000 $42,840,000 $51,803,000 $59,439,000 14.74% 21.80%

555 8th Ave W $55,475,000 $62,358,000 $68,711,000 $78,616,000 14.42% 13.90%

590 8th Ave W $13,848,000 $17,679,000 $20,041,000 $21,560,000 7.58% 18.56%

601 Broadway W $76,369,000 $116,855,200 $120,347,300 $129,649,500 7.73% 23.26%

686 Broadway W $17,543,000 $20,749,000 $24,931,000 $25,415,000 1.94% 14.96%

716 Broadway W $4,345,200 $7,918,500 $9,260,500 $9,962,500 7.58% 43.09%

750 Broadway W $62,041,000 $69,541,000 $80,027,000 $90,100,000 12.59% 15.08%

777 Broadway W $37,445,000 $46,071,000 $47,459,000 $55,049,000 15.99% 15.67%

805 Broadway W $51,106,000 $57,577,000 $65,204,000 $85,781,000 31.56% 22.62%

812 Broadway W $13,396,000 $19,646,000 $22,934,000 $24,641,000 7.44% 27.98%

828 8th Ave W $11,461,000 $16,560,000 $18,772,000 $20,342,000 8.36% 25.83%

828 Broadway W $2,037,000 $3,941,300 $4,612,300 $4,963,300 7.61% 47.89%

855 10th Ave W $3,567,000 $4,992,800 $5,661,800 $6,092,800 7.61% 23.60%

865 10th Ave W $3,567,000 $5,025,200 $5,694,200 $6,125,200 7.57% 23.91%

888 8th Ave W $9,549,500 $16,504,200 $18,716,200 $20,137,200 7.59% 36.96%

936 8th Ave W $5,204,000 $7,015,700 $7,955,700 $8,559,700 7.59% 21.49%

938 8th Ave W $4,476,000 $6,906,300 $7,829,300 $8,423,300 7.59% 29.40%

950 8th Ave W $1,911,500 $3,501,300 $3,971,300 $4,273,400 7.61% 41.19%

958 8th Ave W $6,161,000 $7,721,200 $8,755,200 $9,418,100 7.57% 17.62%

988 Broadway W* $15,287,600 $36,439,000 $47,711,000 $83,932,000 75.92% 149.67%

999 Broadway W $31,945,000 $61,699,000 $63,330,000 $68,202,000 7.69% 37.83%


Vancouver (Other) – Properties valued at greater than $3M

Property 2016 2017 2018 2019 % Change

2018-2019

% Change

per Annum

2016-2019

104-2389 Health Sc $3,898,000 $4,104,000 $4,816,000 $4,868,000 1.08% 6.22%

1077 Great Norther $50,059,000 $55,769,000 $61,312,000 $79,747,000 30.07% 14.83%

111 Victoria Dr $8,082,900 $12,628,700 $14,837,700 $22,212,700 49.70% 43.70%

1193 Kingsway $5,009,000 $5,354,000 $7,553,000 $8,183,000 8.34% 15.84%

1200 73rd Ave W $72,883,000 $77,181,000 $85,691,000 $103,911,000 21.26% 10.64%

1225 73rd Ave W $1,915,600 $3,380,800 $3,655,800 $4,565,800 24.89% 34.59%

1285 Franklin St* $9,088,400 $15,337,600 $20,508,600 $26,235,000 27.92% 47.17%

1296 Station* $12,791,300 $25,403,800 $46,400,800 $54,828,800 18.16% 82.16%

1355 Parker St $6,423,000 $7,397,000 $8,303,000 $9,483,000 14.21% 11.91%

BOMA BC/Altus Group


14

1405 Thornton St $6,950,100 $20,800,200 $26,150,200 $32,129,200 22.86% 90.57%

1490 72nd Ave W $3,257,500 $2,858,500 $3,984,500 $4,705,500 18.10% 11.11%

1510 Commercial Dr $10,517,000 $12,852,500 $16,491,000 $17,332,000 5.10% 16.20%

1601 Main St $56,524,000 $59,729,000 $68,472,000 $77,645,000 13.40% 9.34%

1618 Station St $32,789,000 $35,165,000 $38,755,000 $46,114,000 18.99% 10.16%

1628 Station St $5,101,000 $5,712,000 $7,693,000 $9,452,000 22.86% 21.32%

1726 Hastings St E $1,902,000 $2,712,300 $3,054,300 $3,565,300 16.73% 21.86%

1750 75th Ave W $33,471,000 $36,993,000 $41,464,000 $50,485,000 21.76% 12.71%

1777 75th Ave W $4,154,000 $4,528,000 $5,669,000 $6,465,000 14.04% 13.91%

180 Main St $4,294,000 $4,857,000 $5,458,000 $6,187,000 13.36% 11.02%

1819 Victoria Dive $2,369,000 $2,728,000 $3,042,000 $3,066,000 0.79% 7.36%

1825 Quebec St $6,522,000 $7,515,000 $8,466,000 $9,484,000 12.02% 11.35%

1909 Hastings St E $1,751,000 $3,057,400 $3,442,400 $5,677,500 64.93% 56.06%

201-2389 Health Sc $2,613,000 $2,768,000 $3,293,000 $2,937,000 -10.81% 3.10%

2015 Main St $13,893,000 $21,697,000 $30,608,000 $35,388,000 15.62% 38.68%

2015 Main St* $52,829,000 - -

2020 Yukon St $5,372,900 $8,033,900 $10,043,900 $11,974,000 19.22% 30.71%

2020 Yukon St $2,721,400 $3,881,400 $4,857,400 $5,744,100 18.25% 27.77%

2021 42nd Ave W $24,984,000 $37,868,000 $46,835,000 $53,918,000 15.12% 28.95%

2036 Columbia St $4,050,200 $5,757,100 $7,194,100 $8,541,100 18.72% 27.72%

2043 Quebec St $3,182,000 $4,130,300 $5,155,300 $6,084,300 18.02% 22.80%

204-6190 Agronomy $4,251,000 $4,476,000 $5,252,000 $5,309,000 1.09% 6.22%

206 6th Ave E $3,970,000 $5,779,000 $7,807,800 $8,878,400 13.71% 30.91%

2110 43rd Ave W $12,373,000 $16,826,000 $19,044,000 $22,287,000 17.03% 20.03%

2120 Cambie St $56,693,000 $63,682,000 $70,000,000 $81,153,000 15.93% 10.79%

2215 Yukon St $10,838,000 $14,344,000 $15,300,000 $16,351,000 6.87% 12.72%

2216 Main St $3,352,600 $5,203,800 $7,407,800 $8,415,800 13.61% 37.76%

2233 Columbia St* $9,383,000 $21,710,000 131.38% -

226 Marine Dr Se $4,080,700 $5,301,600 $5,735,600 $9,385,300 63.63% 32.50%

2309 41st Ave W $9,147,000 $10,925,600 $12,329,000 $13,873,600 12.53% 12.92%

2339 Columbia St $11,451,000 $12,461,000 $13,996,000 $14,436,000 3.14% 6.52%

2380 41st Ave W $7,829,800 $11,654,000 $12,776,000 $14,795,000 15.80% 22.24%

2386 East Mall $13,384,000 $13,403,000 $13,325,000 $13,456,000 0.98% 0.13%

2389 Health Science* $19,944,000 $19,909,000 $19,968,000 $20,179,000 1.06% 0.29%

2415 Columbia St $6,069,000 $7,063,000 $7,995,000 $9,414,700 17.76% 13.78%

2425 Quebec St $5,011,100 $7,461,400 $9,311,400 $11,103,400 19.25% 30.39%

2450 Ontario St $16,118,000 $21,769,000 $27,149,000 $32,739,000 20.59% 25.78%

2484 Renfrew St $2,024,800 $3,085,800 $3,240,800 $5,297,900 63.48% 40.41%

250 Powell St $10,493,002 $14,716,000 $15,374,000 $19,224,000 25.04% 20.80%

261 12th Ave E $8,088,000 $9,243,000 $10,637,000 $11,171,000 5.02% 9.53%

2625 Rupert St $28,005,000 $30,469,000 $33,655,000 $38,218,000 13.56% 9.12%

2750 Hastings St E $29,978,000 $32,221,000 $44,522,000 $40,545,000 -8.93% 8.81%

2805 Kingsway $9,699,000 $10,371,000 $14,452,000 $15,551,000 7.60% 15.08%

BOMA BC/Altus Group


15

2806 Kingsway $8,434,500 $13,934,500 $17,119,500 $21,208,000 23.88% 37.86%

2810 Grandview

Hwy $3,769,000 $4,248,600 $4,460,600 $7,279,600 63.20% 23.29%

2889 12th Ave E $50,927,000 $76,941,000 $91,617,000 $121,964,000 33.12% 34.87%

2908 Commercial Dr $4,660,900 $6,075,300 $6,894,300 $8,205,700 19.02% 19.01%

2915 Commercial Dr $5,556,700 $7,237,300 $8,208,300 $9,302,800 13.33% 16.85%

293 11th Ave E $7,272,000 $9,863,800 $10,799,800 $13,321,800 23.35% 20.80%

2985 Virtual Way $448,452,000 $476,543,000 $491,922,000 $572,847,000 16.45% 6.93%

300-2386 East Mall $3,613,000 $3,803,000 $4,463,000 $3,069,000 -31.23% -3.76%

301-6190 Agronomy $3,897,000 $4,103,000 $4,815,000 $4,867,000 1.08% 6.22%

3070 Kingsway $3,613,900 $4,681,700 $5,749,700 $7,083,700 23.20% 24.00%

3103 Kingsway $3,697,700 $4,926,100 $6,045,100 $7,446,200 23.18% 25.34%

3215 Macdonald St $2,813,000 $3,148,400 $4,543,400 $5,071,400 11.62% 20.07%

330 Heatley Ave $3,295,000 $3,811,000 $4,321,000 $5,021,600 16.21% 13.10%

3335 Dunbar St $2,935,400 $2,936,000 $4,025,000 $5,277,800 31.13% 19.95%

3425 Crowley Dr $6,801,000 $7,220,000 $9,771,000 $10,536,000 7.83% 13.73%

3435 Hastings St E $3,719,000 $5,020,400 $6,220,400 $7,452,400 19.81% 25.10%

349 Railway St $7,671,000 $12,723,000 $14,232,000 $16,040,000 12.70% 27.27%

3522 41st Ave W $21,035,700 $21,041,700 $28,841,700 $37,809,700 31.09% 19.94%

3550 Hastings St E $2,656,000 $3,484,000 $4,156,000 $4,848,000 16.65% 20.63%

3579 41st Ave W $2,887,500 $2,888,300 $3,959,300 $5,190,300 31.09% 19.94%

3585 Graveley St $88,400,000 $93,388,000 $103,597,000 $124,578,000 20.25% 10.23%

3605 Grandview

Hwy $8,919,000 $16,614,800 $21,108,800 $27,307,000 29.36% 51.54%

3665 Kingsway $21,444,000 $22,261,000 $25,038,000 $31,640,000 26.37% 11.89%

3680 Hastings St E $7,932,000 $8,387,000 $11,896,000 $11,162,000 -6.17% 10.18%

369 Terminal Ave $49,254,000 $55,333,000 $61,142,000 $70,916,000 15.99% 11.00%

3737 Oak St $2,742,000 $2,789,300 $3,371,300 $3,538,300 4.95% 7.26%

395 Railway St $3,036,000 $11,396,000 $9,815,000 $11,069,000 12.78% 66.15%

3998 Main St $4,530,200 $6,113,400 $6,692,400 $7,078,500 5.77% 14.06%

404A-2389 Health $2,012,000 $2,118,000 $3,246,000 $3,281,000 1.08% 15.77%

4126 Macdonald St $3,573,600 $4,436,900 $6,207,900 $6,928,900 11.61% 23.47%

438 Terminal Ave $34,594,000 $38,658,000 $41,059,000 $51,587,000 25.64% 12.28%

4381 Fraser St $3,005,000 $4,030,000 $5,283,000 $6,223,000 17.79% 26.77%

45 Dunlevy Ave $3,448,000 $6,401,000 $10,019,000 $11,266,000 12.45% 56.69%

450 Marine Dr Sw $100,494,000 $121,193,000 $129,310,000 $177,911,000 37.58% 19.26%

460 Nanaimo St $7,804,700 $10,842,000 $14,313,000 $16,900,000 18.07% 29.13%

468 Terminal Ave $15,680,000 $35,374,000 $76,215,000 $89,446,000 17.36% 117.61%

4745 Main St $5,721,700 $7,508,700 $8,223,700 $8,700,700 5.80% 13.02%

4750 Oak St $25,914,100 $35,731,100 $36,556,100 $33,921,000 -7.21% 7.72%

5055 Joyce St $10,974,000 $11,687,000 $31,084,100 $67,157,000 116.05% 127.99%

5058 Joyce St $137,683,900 $73,844,000 -46.37% -

524 Powell St $2,650,400 $3,442,000 $3,756,000 $4,554,300 21.25% 17.96%

5255 Heather St $17,751,000 $44,566,000 $63,434,000 $86,647,000 36.59% 97.03%

BOMA BC/Altus Group


16

5511 West Boulevar $12,757,000 $15,199,900 $17,204,900 $20,134,900 17.03% 14.46%

554 15th Ave E $1,723,000 $2,476,000 $3,120,000 $3,713,000 19.01% 28.87%

5550 Fraser St $7,517,000 $9,842,000 $14,109,000 $15,099,000 7.02% 25.22%

5575 Boundary Rd $7,365,000 $11,219,000 $12,867,000 14.69% -

565 Great Northern $35,356,000 $72,117,000 $121,412,000 68.35% -

5655 Cambie St $23,176,000 $29,929,100 $35,065,100 $38,549,700 9.94% 16.58%

569 Powell St $2,251,700 $3,474,000 $4,399,000 $4,806,000 9.25% 28.36%

5970 East Boulevar $5,391,700 $7,994,200 $9,051,200 $10,594,200 17.05% 24.12%

5990 Fraser St $3,037,000 $3,551,000 $4,648,000 $5,476,000 17.81% 20.08%

6 17th Ave W $4,180,000 $5,775,000 $5,583,000 $5,310,700 -4.88% 6.76%

600 Marine Dr Sw $7,888,000 $45,435,900 $62,552,900 $82,879,600 32.50% 237.68%

6190 Agronomy Rd $36,471,000 $36,824,000 $37,076,000 $37,414,000 0.91% 0.65%

645 16th Ave E $1,785,800 $2,499,200 $3,140,200 $3,852,200 22.67% 28.93%

657 37th Ave W $31,321,000 $68,083,000 $113,191,000 $154,812,000 36.77% 98.57%

6660 Marine Cres N $5,541,000 $5,568,000 $5,487,000 $5,367,000 -2.19% -0.79%

7280 Fraser St $4,602,700 $7,012,300 $7,364,300 $12,037,300 63.45% 40.38%

745 Clark Dr $5,649,000 $6,516,000 $8,063,300 $9,273,700 15.01% 16.04%

7545 Cambie St $5,074,000 $5,927,300 $10,186,300 $11,955,300 17.37% 33.90%

780 Marine Dr Sw $4,241,000 $6,927,000 $6,952,000 $9,288,800 33.61% 29.76%

790 Hastings St E $2,195,000 $3,228,100 $3,677,100 $5,260,100 43.05% 34.91%

803 Hastings St E $4,391,000 $6,356,000 $8,749,000 $12,630,000 44.36% 46.91%

8041 Granville St $2,945,900 $3,685,600 $5,143,600 $6,076,600 18.14% 26.57%

809 41st Ave W $6,306,000 $6,793,000 $17,363,600 $18,951,600 9.15% 50.13%

8168 Granville St $23,141,600 $29,390,000 $40,974,000 $48,388,000 18.09% 27.27%

837 Cordova St E $2,622,100 $5,131,100 $6,863,100 $8,778,100 27.90% 58.69%

852 Hastings St E $3,812,400 $6,065,600 $8,380,600 $12,092,600 44.29% 54.30%

8610 Ash St $3,404,000 $3,898,000 $4,517,000 $6,181,000 36.84% 20.40%

8650 Barnard St $3,743,000 $4,231,000 $5,302,000 $8,592,000 62.05% 32.39%

8675 Granville St $4,472,000 $5,595,300 $7,807,300 $9,223,300 18.14% 26.56%

8833 Selkirk St $2,082,500 $3,488,000 $3,721,000 $4,687,000 25.96% 31.27%

8850 Osler St $4,276,300 $7,322,900 $7,800,500 $9,825,500 25.96% 32.44%

887 Great Northern $70,623,000 $73,823,000 $81,582,000 $104,463,000 28.05% 11.98%

8955 Shaughnessy S $5,006,000 $5,712,000 $9,048,500 $15,458,000 70.83% 52.20%

9149 Hudson St $55,655,000 $59,017,000 $64,009,000 $113,329,000 77.05% 25.91%

929 41St W* $378,970,000 - -


BOMA BC/Altus Group


17

North Shore/Squamish – Properties valued at greater than $3M

Property 2016 2017 2018 2019 % Change

2018-2019

% Change

per Annum

2016-2019

100-125 13th St E $9,785,000 $10,609,000 $13,902,000 $13,902,000 0.00% 14.02%

100-1308 Lonsdale Ave* $29,920,000 $36,674,000 22.57% -

101-938 Gibsons Wa $2,904,000 $3,011,000 $3,127,000 $3,315,000 6.01% 4.72%

1100 Hunter Pl* $2,039,000 $2,827,000 $3,344,000 $4,449,300 33.05% 39.40%

1100 Lonsdale Ave $9,463,000 $11,052,000 $12,272,000 $14,845,000 20.97% 18.96%

1111 Lonsdale Ave $11,633,000 $12,031,000 $14,070,000 $14,648,000 4.11% 8.64%

1139 Lonsdale Ave $11,897,000 $12,664,000 $14,870,000 $15,680,000 5.45% 10.60%

1200 Lonsdale Ave $10,181,000 $12,106,000 $13,529,000 $16,433,000 21.47% 20.47%

1200 Lynn Valley R $10,821,000 $12,708,000 $13,950,000 $16,656,000 19.40% 17.97%

123 15th St E $8,694,000 $10,318,000 $11,579,000 $14,247,600 23.05% 21.29%

132 Esplanade W $25,723,000 $28,439,000 $30,554,000 $32,473,000 6.28% 8.75%

1326 Main St $2,562,000 $3,147,000 $4,545,000 $4,893,000 7.66% 30.33%

1410 Main St $3,922,400 $6,820,400 $9,487,400 $10,840,700 14.26% 58.79%

145 13th St E $9,890,000 $11,524,000 $14,196,000 $17,930,000 26.30% 27.10%

145 Chadwick Crt $14,309,000 $15,368,000 $15,988,000 $23,666,000 48.02% 21.80%

1471 Pemberton Ave $4,797,000 $5,687,000 $7,084,000 $7,875,000 11.17% 21.39%

15 Chesterfield Pl $3,785,000 $4,479,000 $5,023,000 $6,205,000 23.53% 21.31%

151 Esplanade W $76,157,000 $79,768,000 $79,822,000 $111,442,000 39.61% 15.44%

1590 Bellevue Ave $4,273,400 $5,772,700 $6,671,700 $8,455,800 26.74% 32.62%

161 Esplanade W $24,845,000 $26,022,000 $27,490,000 $29,660,000 7.89% 6.46%

1651 Inglewood Ave $5,685,300 $9,890,300 $9,890,300 $9,890,100 0.00% 24.65%

1805 Welch St $3,232,000 $6,481,200 $9,253,200 $10,132,500 9.50% 71.17%

1829 Capilano Rd $4,165,300 $5,714,300 $6,138,300 $10,714,100 74.55% 52.41%

1859 Welch St $3,635,000 $6,215,100 $8,856,100 $9,694,700 9.47% 55.57%

1975 Field Rd $3,116,000 $3,387,000 $3,507,000 $3,775,000 7.64% 7.05%

2121 Marine Dr $8,889,000 $10,441,000 $12,547,000 $13,444,000 7.15% 17.08%

221 Esplanade W $57,655,000 $62,031,000 $63,878,000 $66,001,000 3.32% 4.83%

2229 Folkestone Wa $5,492,000 $7,127,000 $7,930,000 $8,459,000 6.67% 18.01%

224 Esplanade W $22,251,000 $24,950,000 $26,669,000 $26,453,000 -0.81% 6.29%

2403 Marine Dr $9,428,000 $11,165,000 $14,715,000 $15,227,000 3.48% 20.50%

2489 Bellevue Ave $3,306,000 $3,807,000 $5,437,000 $5,855,000 7.69% 25.70%

250 25th St $3,104,300 $3,725,000 $5,274,000 $4,452,500 -15.58% 14.48%

267 Esplanade W $12,392,000 $17,170,000 $16,499,000 $19,316,000 17.07% 18.62%

285 17th St $5,494,000 $7,004,000 $8,747,000 $11,748,000 34.31% 37.94%

299 Mansfield Pl $3,055,900 $4,625,900 $6,603,900 $7,230,200 9.48% 45.53%

311 1st St W $4,042,000 $4,805,000 $5,398,300 $11,043,600 104.58% 57.74%

340 Brooksbank Ave $5,532,000 $6,479,000 $7,214,000 $8,618,000 19.46% 18.59%

351 Bewicke Ave $3,595,000 $4,252,000 $4,767,000 $5,629,000 18.08% 18.86%

BOMA BC/Altus Group


18

37200 Galbraith* $5,530,000 $6,214,000 $6,997,000 12.60% -

38 Fell Ave $11,791,000 $11,919,000 $13,244,000 $13,118,000 -0.95% 3.75%

545 Clyde Ave $9,887,000 $11,642,000 $13,864,000 $14,855,000 7.15% 16.75%

585 16th St $5,894,900 $7,289,400 $8,734,400 $9,093,300 4.11% 18.09%

657 Marine Dr $5,113,100 $6,131,100 $6,612,100 $6,877,000 4.01% 11.50%

788 Harbourside Dr $10,618,000 $10,734,000 $11,926,000 $11,979,000 0.44% 4.27%

850 Harbourside Dr $15,430,000 $17,520,000 $19,286,000 $20,972,000 8.74% 11.97%

889 Harbourside Dr $24,138,000 $25,379,000 $28,371,000 $34,710,000 22.34% 14.60%


Burnaby/New Westminster/Tri-Cities – Properties valued at

greater than $3M

Property 2016 2017 2018 2019 % Change

2018-2019

% Change

per

Annum

2016-2018

105-4423 Ledger Av $9,147,000 $9,733,000 $10,220,000 $10,758,000 5.26% 5.87%

1123 Westwood St $54,463,000 $8,285,000 $8,569,000 $10,036,000 17.12% -27.19%

1205 Sixth Ave* $8,056,000 $8,630,800 7.14% -

130 Brew St $16,206,000 $17,205,000 $18,043,000 $18,044,000 0.01% 3.78%

1-4460 Beresford S $4,545,000 $4,832,000 $5,023,000 $5,023,000 0.00% 3.51%

1500 Woolridge St $29,779,000 $31,544,000 $32,930,000 $32,930,000 0.00% 3.53%

1640 Boundary Rd $2,741,000 $3,001,000 $3,291,000 $3,859,000 17.26% 13.60%

1795 Willingdon Av $50,307,000 $53,539,000 $59,013,000 $64,335,000 9.02% 9.29%

180 Columbia St E $13,058,000 $13,868,000 $14,448,000 $14,448,000 0.00% 3.55%

1901 Rosser Ave $21,528,000 $22,872,000 $24,077,000 $24,077,000 0.00% 3.95%

1930 Oxford Connec $5,706,000 $6,496,000 $7,074,000 $7,598,000 7.41% 11.05%

1963 Lougheed Hwy $3,717,000 $5,827,000 $6,170,000 $6,790,000 10.05% 27.56%

2025 Willingdon Ave* $113,350,000 $119,765,000 5.66% -

205 Newport Dr $20,336,000 $21,622,000 $22,596,000 $22,622,000 0.12% 3.75%

205-4423 Ledger Av $3,728,000 $4,326,000 $4,543,000 $4,781,000 5.24% 9.42%

2108 Gilmore Ave* $158,351,000 - -

2185 Wilson Ave $5,624,000 $6,112,000 $6,112,000 $6,660,000 8.97% 6.14%

220 Brew St $21,671,000 $62,832,000 $65,797,000 $63,265,000 -3.85% 63.98%

2232 Elgin Ave $3,105,000 $3,410,000 $4,110,100 $4,425,700 7.68% 14.18%

2250 Boundary Rd $7,508,000 $8,896,000 $11,489,000 $18,131,000 57.81% 47.16%

2480 Douglas Rd $2,909,000 $3,711,500 $4,441,500 $7,398,600 66.58% 51.44%

250 Keary St $3,956,000 $4,624,000 $6,056,000 $5,954,000 -1.68% 16.84%

290 Columbia St E $102,000,000 $113,476,000 $113,476,000 $107,786,000 -5.01% 1.89%

2963 Glen Dr $14,231,000 $15,106,000 $15,988,000 $19,282,000 20.60% 11.83%

BOMA BC/Altus Group


19

3001 Wayburne Dr $27,073,000 $28,848,000 $30,531,000 $34,739,000 13.78% 9.44%

300-4940 Canada Wa $9,577,000 $10,191,000 $10,700,000 $11,957,000 11.75% 8.28%

301-4501 Kingsway $15,666,000 $16,748,000 $17,400,000 $17,401,000 0.01% 3.69%

309 Sixth St $3,437,500 $3,793,300 $4,350,300 $6,030,800 38.63% 25.15%

3131 St Johns St $4,369,300 $5,406,900 $7,079,900 $9,743,100 37.62% 41.00%

3175 Willingdon Gr $13,912,000 $14,765,000 $15,572,000 $15,172,000 -2.57% 3.02%

326 Twelfth St $6,905,000 $8,108,000 $8,573,000 $9,909,000 15.58% 14.50%

3292 Production Wa $44,105,000 $46,841,000 $48,977,000 $49,107,000 0.27% 3.78%

33 Blackberry Dr $2,752,000 $3,249,000 $3,412,000 $3,952,000 15.83% 14.53%

3383 Gilmore Way $63,981,000 $67,825,000 $70,809,000 $75,327,000 6.38% 5.91%

3480 Gilmore Way $14,008,000 $13,647,000 $14,648,000 $14,647,000 -0.01% 1.52%

350 Columbia St $2,632,000 $3,193,000 $3,525,100 $4,219,800 19.71% 20.11%

3500 Gilmore Way $14,203,000 $15,093,000 $16,107,000 $16,107,000 0.00% 4.47%

3555 Gilmore Way $26,711,000 $27,982,000 $30,058,000 $30,166,000 0.36% 4.31%

3605 Gilmore Way $12,256,000 $12,500,000 $13,417,000 $13,417,000 0.00% 3.16%

3650 Gilmore Way $14,478,000 $15,388,000 $16,420,000 $17,240,000 4.99% 6.36%

3680 Gilmore Way $12,834,000 $13,644,000 $14,557,000 $16,201,000 11.29% 8.75%

3700 Gilmore Way $30,659,000 $35,377,000 $38,533,000 $47,507,000 23.29% 18.32%

3700 Willingdon Av $8,946,000 $9,526,000 $10,027,000 $10,028,000 0.01% 4.03%

3755 Willingdon Av $10,487,400 $14,732,000 $15,550,000 $28,828,000 85.39% 58.29%

3777 Kingsway $187,952,000 $190,759,000 $201,049,000 $201,050,000 0.00% 2.32%

3875 Henning Dr $5,388,000 $5,830,000 $5,991,000 $6,670,000 11.33% 7.93%

3876 Norland Ave $3,370,000 $3,602,000 $3,811,200 $6,345,600 66.50% 29.43%

3880 Lougheed Hwy $4,730,000 $6,213,000 $7,925,000 $12,469,100 57.34% 54.54%

3920 Norland Ave $5,019,000 $5,466,000 $5,795,000 $6,325,000 9.15% 8.67%

3991 Henning Dr $5,197,000 $5,627,000 $5,922,000 $6,875,900 16.11% 10.77%

3997 Henning Dr $4,872,000 $5,273,000 $5,551,000 $6,034,000 8.70% 7.95%

3999 Henning Dr $24,544,000 $26,114,000 $27,623,000 $27,622,000 0.00% 4.18%

401 Sixth St $5,084,000 $7,175,000 $5,991,000 $7,239,300 20.84% 14.13%

4010 Regent St $3,925,000 $4,268,000 $4,470,200 $7,138,100 59.68% 27.29%

4021 Kingsway $4,064,100 $4,295,100 $9,487,100 $15,772,600 66.25% 96.03%

4060 Regent St $21,691,000 $23,166,000 $23,965,000 $24,210,000 1.02% 3.87%

4126 Norland Ave $7,806,000 $8,404,000 $8,881,000 $9,549,000 7.52% 7.44%

4161 Dawson St* $116,665,000 - -

4170 Still Creek Dr $28,114,000 $29,814,000 $31,390,000 $31,390,000 0.00% 3.88%

4180 Lougheed Hwy $46,969,000 $55,139,000 $109,656,000 $57,177,000 -47.86% 7.24%

4185 Still Creek Dr $15,282,000 $15,884,000 $16,838,000 $17,451,000 3.64% 4.73%

4190 Still Creek Dr $42,868,000 $45,502,000 $48,247,000 $48,248,000 0.00% 4.18%

4200 North Fraser $9,622,000 $11,618,000 $12,301,000 $12,887,000 4.76% 11.31%

422 Sixth St $2,500,000 $3,440,000 $4,020,000 $6,162,000 53.28% 48.83%

4225 Kincaid St $39,279,000 $41,858,000 $44,914,000 $44,915,000 0.00% 4.78%

4250 Canada Way $40,151,000 $42,680,000 $49,419,000 $49,419,000 0.00% 7.69%

4259 Canada Way $29,786,000 $31,204,000 $33,075,000 $33,074,000 0.00% 3.68%

BOMA BC/Altus Group


20

4260 Still Creek Dr $55,247,000 $58,660,000 $61,720,000 $61,720,000 0.00% 3.91%

4300 Still Creek Dr $3,348,000 $3,641,000 $4,096,000 $6,618,400 61.58% 32.56%

4321 Still Creek Dr $80,730,000 $86,932,000 $91,407,000 $86,450,000 -5.42% 2.36%

4330 Kingsway $64,151,000 $68,231,000 $72,030,000 $72,084,000 0.07% 4.12%

4330 Sanderson Way $102,446,000 $108,493,000 $115,267,000 $115,267,000 0.00% 4.17%

4333 Ledger Ave $5,542,000 $6,062,000 $6,381,000 $8,240,100 29.13% 16.23%

4333 Still Creek Dr $24,349,000 $25,860,000 $27,193,000 $25,710,000 -5.45% 1.86%

4343 North Fraser Way $20,892,000 $25,350,000 $25,953,000 $27,190,000 4.77% 10.05%

4350 Still Creek Dr $75,650,000 $83,494,000 $88,462,000 $94,090,000 6.36% 8.13%

4370 Dominion St $16,161,000 $16,930,000 $17,945,000 $17,631,000 -1.75% 3.03%

4400 Dominion St $23,633,000 $24,759,000 $26,250,000 $26,250,000 0.00% 3.69%

4401 Still Creek Dr $26,070,000 $27,681,000 $29,122,000 $26,346,000 -9.53% 0.35%

4423 Ledger Ave $4,656,000 $4,954,000 $5,202,000 $10,307,000 98.14% 40.46%

4430 Halifax St $5,468,900 $6,077,600 $12,855,600 $14,707,200 14.40% 56.31%

4445 Lougheed Hwy $56,735,000 $60,364,000 $62,622,000 $67,116,000 7.18% 6.10%

4519 Canada Way $68,300,000 $72,588,000 $76,642,000 $76,642,000 0.00% 4.07%

4543 Canada Way $7,634,000 $8,121,000 $8,609,000 $8,609,000 0.00% 4.26%

4555 Kingsway $76,306,000 $80,854,000 $84,420,000 $84,420,000 0.00% 3.54%

4567 Canada Way $34,105,000 $34,459,000 $36,451,000 $36,452,000 0.00% 2.29%

4585 Canada Way $12,191,000 $12,979,000 $13,753,000 $17,637,000 28.24% 14.89%

4595 Canada Way $11,975,000 $12,749,000 $13,511,000 $17,638,000 30.55% 15.76%

4599 Tillicum St $6,336,000 $7,933,200 $9,805,200 $13,713,600 39.86% 38.81%

4601 Canada Way $77,201,000 $82,076,000 $86,750,000 $86,751,000 0.00% 4.12%

4635 Hastings St $2,219,000 $3,160,000 $3,515,000 $4,168,000 18.58% 29.28%

4695 Hastings St $2,004,400 $3,298,800 $3,668,800 $4,350,000 18.57% 39.01%

4710 Kingsway $100,113,000 $105,363,000 $111,450,000 $111,450,000 0.00% 3.77%

4720 Kingsway $139,396,000 $144,633,000 $151,827,000 $151,885,000 0.04% 2.99%

4730 Kingsway $178,224,000 $194,097,000 $216,749,000 $218,554,000 0.83% 7.54%

4779 Penzance Dr $2,946,000 $3,726,000 $4,435,000 $7,223,100 62.87% 48.39%

4789 Kingsway $31,374,000 $33,210,000 $34,541,000 $34,600,000 0.17% 3.43%

4853 Hastings St $3,685,500 $4,059,000 $4,558,000 $5,344,000 17.24% 15.00%

4911 Canada Way $6,742,000 $7,309,000 $7,728,000 $8,401,000 8.71% 8.20%

4925 Canada Way $3,031,000 $3,182,100 $3,807,100 $6,370,200 67.32% 36.72%

4940 Canada Way $4,444,000 $5,208,000 $5,468,000 $11,957,000 118.67% 56.35%

4940 Kingsway $63,153,000 $67,365,000 $122,762,000 $165,910,000 229.37% 101.76%

5000 North Fraser $11,948,000 $14,426,000 $15,275,000 $16,002,000 4.76% 11.31%

500-4940 Canada Wa $7,002,000 $7,450,000 $7,823,000 $8,741,000 11.73% 8.28%

5005 North Fraser $11,542,000 $13,936,000 $14,756,000 $15,459,000 4.76% 11.31%

504 Cottonwood Ave $4,699,900 $7,482,200 $13,009,200 $14,781,600 13.62% 71.50%

5050 North Fraser $7,094,000 $8,565,000 $9,069,000 $9,500,000 4.75% 11.31%

5151 Canada Way $3,911,000 $4,271,000 $4,675,000 $5,500,000 17.65% 13.54%

522 Seventh St $3,801,000 $4,499,000 $4,747,000 $5,732,000 20.75% 16.93%

5261 Lane St $4,050,700 $4,656,600 $6,557,600 $7,000,900 6.76% 24.28%

BOMA BC/Altus Group


21

5481 Kingsway $3,460,000 $3,807,000 $4,674,600 $5,112,500 9.37% 15.92%

5945 Kathleen Ave $18,315,000 $19,477,000 $20,576,000 $20,576,000 0.00% 4.12%

600 Columbia St $5,193,000 $6,228,000 $6,521,000 $7,308,000 12.07% 13.58%

600 Royal Ave $3,309,600 $3,294,100 $4,684,100 $5,610,100 19.77% 23.17%

6060 Silver St* $47,412,000 - -

611 Agnes St $13,882,000 $13,051,000 $13,826,000 $13,847,000 0.15% -0.08%

611 Sixth St $16,022,000 $17,219,000 $18,203,000 $22,050,000 21.13% 12.54%

613 Columbia St $5,102,000 $6,168,000 $6,184,000 $6,510,000 5.27% 9.20%

615 Agnes St $18,970,000 $19,588,000 $20,670,000 $19,673,000 -4.82% 1.24%

6222 Willingdon Ave* $20,772,000 $20,772,000 0.00% -

624 Royal Ave $13,726,000 $13,688,000 $14,346,000 $14,346,000 0.00% 1.51%

625 Fifth Ave $7,822,000 $8,550,000 $9,005,000 $10,822,000 20.18% 12.78%

628 Sixth Ave $25,177,000 $27,281,000 $28,531,000 $28,650,000 0.42% 4.60%

6400 Roberts St $33,302,000 $35,416,000 $35,861,000 $35,861,000 0.00% 2.56%

6440 Royal Oak Ave $4,472,000 $5,052,900 $6,330,900 $6,914,500 9.22% 18.21%

668 Carnarvon St $2,992,000 $3,543,000 $4,429,000 $5,006,000 13.03% 22.44%

6900 Southpoint Dr $51,996,000 $56,704,000 $61,529,000 $74,209,000 20.61% 14.24%

6911 Southpoint Dr $109,116,000 $115,781,000 $122,423,000 $122,545,000 0.10% 4.10%

7818 6th St $7,383,000 $7,889,000 $8,418,000 $8,418,000 0.00% 4.67%

7845 Edmonds St $3,197,100 $3,517,600 $6,625,600 $8,418,100 27.05% 54.43%

7990 Enterprise St $17,309,000 $18,407,000 $19,506,000 $22,613,000 15.93% 10.21%

84 Golden Dr $3,090,000 $3,651,000 $4,585,000 $6,021,000 31.32% 31.62%

8525 Baxter Pl $79,126,000 $86,610,000 $89,504,000 $93,980,000 5.00% 6.26%

8800 Glenlyon Pky $31,617,000 $34,245,000 $36,491,000 $38,229,000 4.76% 6.97%

8900 Glenlyon Pky $11,523,000 $14,732,000 $15,550,000 $16,291,000 4.77% 13.79%

8900 Nelson Way $42,547,000 $81,585,000 $89,655,000 $101,718,000 13.45% 46.36%

9000 Glenlyon Pky $22,183,000 $27,076,000 $28,943,000 $30,321,000 4.76% 12.23%

9001 University Cr $16,189,000 $21,145,000 $27,526,000 $36,043,000 30.94% 40.88%

908 Roderick Ave $4,562,000 $4,924,000 $5,345,000 $5,830,000 9.07% 9.26%

9100 Glenlyon Pky $13,837,000 $16,707,000 $16,707,000 $18,458,000 10.48% 11.13%

9200 Glenlyon Pky $21,439,000 $25,123,000 $25,906,000 $27,470,000 6.04% 9.38%

95 Schooner St $3,996,000 $4,375,000 $4,632,000 $5,097,000 10.04% 9.18%

9500 Glenlyon Pky $44,887,000 $53,624,000 $54,277,000 $56,863,000 4.76% 8.89%

960 Quayside Dr $19,587,000 $21,134,000 $22,263,000 $21,167,000 -4.92% 2.69%


BOMA BC/Altus Group


22

Richmond/Delta – Properties valued at greater than $3M

Property 2016 2017 2018 2019 % Change

2018-2019

% Change per

Annum 2016-

2019

10100 Shellbridge $4,292,000 $5,402,000 $5,402,000 $5,834,000 8.00% 11.98%

10200 Shellbridge $5,821,000 $7,326,000 $7,326,000 $7,912,000 8.00% 11.97%

10271 Shellbridge $19,804,000 $23,155,000 $23,084,000 $24,603,000 6.58% 8.08%

10451 Shellbridge $10,545,000 $13,271,000 $13,271,000 $14,333,000 8.00% 11.97%

10551 Shellbridge $7,913,000 $10,181,000 $10,181,000 $11,199,000 10.00% 13.84%

10651 Shellbridge $5,013,000 $5,658,000 $6,309,000 $6,814,000 8.00% 11.98%

10691 Shellbridge $5,124,000 $6,308,000 $6,449,000 $6,965,000 8.00% 11.98%

10711 Cambie Rd $17,437,000 $21,873,000 $23,555,000 $25,238,000 7.14% 14.91%

10727 Delsom Cres $5,230,000 $7,639,000 $8,837,000 $10,036,000 13.57% 30.63%

10760 Shellbridge $9,259,000 $11,912,000 $11,912,000 $13,103,000 10.00% 13.84%

10851 Shellbridge $15,557,000 $17,647,000 $16,310,000 $17,380,000 6.56% 3.91%

10991 Shellbridge $16,701,000 $20,486,000 $19,526,000 $20,807,000 6.56% 8.20%

1103-13351 Commerc $12,134,000 $13,784,000 $12,865,000 $13,784,000 7.14% 4.53%

11120 Horseshoe Wa $8,574,000 $10,873,000 $10,958,000 $11,843,000 8.08% 12.71%

11168 Hammersmith $4,537,000 $5,628,000 $5,658,000 $6,062,000 7.14% 11.20%

11245 84 Ave $3,958,000 $4,867,000 $4,974,000 $5,329,000 7.14% 11.55%

11331 Coppersmith $9,256,000 $11,583,000 $11,756,000 $12,275,000 4.41% 10.87%

11411 No. 5 Rd $21,615,000 $27,157,000 $27,158,000 $29,098,000 7.14% 11.54%

11580 Mitchell Rd $3,136,600 $4,941,000 $4,142,800 $5,866,000 41.60% 29.01%

11861 88 Ave $5,236,000 $6,449,000 $6,526,000 $6,993,000 7.16% 11.19%

11920 Forge Pl $8,644,000 $10,843,000 $10,843,000 $11,677,000 7.69% 11.70%

11921 80 Ave $2,894,000 $3,678,000 $3,694,000 $4,066,000 10.07% 13.50%

11950 80 Ave $8,879,000 $11,093,000 $10,510,000 $11,205,000 6.61% 8.73%

12033 Riverside Wa $8,146,000 $10,097,000 $10,749,000 $11,380,000 5.87% 13.23%

12051 Riverside Wa $9,208,000 $11,552,000 $11,551,000 $13,732,000 18.88% 16.38%

12251 Horseshoe Wa $9,506,000 $13,123,000 $11,981,000 $13,351,000 11.43% 13.48%

12551 No. 1 Rd $3,167,500 $3,785,000 $5,339,794 $6,131,500 14.83% 31.19%

13020 Delf Pl $16,248,000 $20,157,000 $18,459,000 $19,755,000 7.02% 7.19%

13071 Vanier Pl $4,422,000 $5,402,000 $5,629,000 $6,097,000 8.31% 12.63%

13091 Vanier Pl $7,762,000 $9,961,000 $9,962,000 $10,867,000 9.08% 13.33%

13353 Commerce Pky $14,987,000 $16,836,000 $15,714,000 $16,836,000 7.14% 4.11%

13460 Smallwood Pl $9,026,200 $12,677,800 $16,281,300 $22,264,000 36.75% 48.89%

13511 Commerce Pky $17,046,000 $21,404,000 $20,175,000 $21,592,000 7.02% 8.89%

13571 Commerce Pky $16,513,000 $18,989,000 $17,724,000 $18,990,000 7.14% 5.00%

13575 Commerce Pky $16,390,000 $18,848,000 $17,592,000 $18,848,000 7.14% 5.00%

1358-13351 Commerc $3,517,000 $4,926,000 $3,564,000 $3,818,000 7.13% 2.85%

13700 International Pl $17,264,000 $19,854,000 $18,531,000 $19,854,000 7.14% 5.00%

13711 International Pl $17,303,000 $19,899,000 $18,573,000 $19,899,000 7.14% 5.00%

BOMA BC/Altus Group


23

13775 Commerce Pky $16,782,000 $19,299,000 $18,011,000 $19,298,000 7.15% 5.00%

13777 Commerce Pky $17,101,000 $19,666,000 $18,355,000 $19,666,000 7.14% 5.00%

13799 Commerce Pky $12,969,000 $15,980,000 $16,022,000 $17,024,000 6.25% 10.42%

13800 Commerce Pky $34,319,000 $42,024,000 $39,223,000 $42,024,000 7.14% 7.48%

13811 Wireless Way $29,499,000 $36,023,000 $33,007,000 $35,439,000 7.37% 6.71%

13888 Wireless Way $27,512,000 $35,362,000 $33,501,000 $35,362,000 5.56% 9.51%

14271 River Rd $3,571,100 $4,327,000 $4,563,900 $5,864,600 28.50% 21.41%

160-6111 River Rd $3,207,000 $4,691,794 $4,098,000 $4,303,000 5.00% 11.39%

16540 River Rd $3,335,000 $4,098,000 $5,594,000 $7,204,000 28.78% 38.67%

1658 Foster's Way $6,934,000 $8,133,000 $9,941,000 $10,543,000 6.06% 17.35%

3211 Grant Mcconac* $51,898,000 $58,386,000 $66,726,000 $72,983,000 9.38% 13.54%

3600 Lysander Lane $26,569,000 $32,353,000 $32,352,000 $34,150,000 5.56% 9.51%

3751 Shell Rd $5,677,000 $6,204,000 $7,145,000 $7,716,000 7.99% 11.97%

3811 Chatham St $3,083,000 $3,846,000 $4,326,000 $4,441,000 2.66% 14.68%

3851 North Service $3,620,000 $4,071,000 $4,409,000 $5,420,000 22.93% 16.57%

3851 Shell Rd $4,167,000 $4,974,000 $5,246,000 $5,664,000 7.97% 11.98%

3880 Grant Mcconac* $13,790,000 $15,513,000 $17,391,000 $18,855,000 8.42% 12.24%

4460 Jacombs Rd $8,261,000 $10,535,000 $10,601,000 $11,317,000 6.75% 12.33%

4840 Delta St $2,564,000 $3,060,000 $3,060,000 $3,387,000 10.69% 10.70%

5500 Parkwood Way $3,017,000 $3,880,300 $3,846,000 $4,141,000 7.67% 12.42%

5591 No. 3 Rd $9,616,700 $12,358,400 $16,516,400 $23,738,000 43.72% 48.95%

5611 Cooney Rd $11,822,000 $14,434,000 $19,365,000 $26,826,000 38.53% 42.31%

5760 Minoru Blvd $6,698,200 $8,650,800 $12,570,800 $17,431,500 38.67% 53.41%

5791 No. 3 Rd $6,411,800 $7,232,000 $11,027,300 $13,799,000 25.13% 38.40%

5811 Cooney Rd $28,765,000 $31,611,000 $31,610,000 $40,364,000 27.69% 13.44%

6011 No. 3 Rd $14,581,000 $20,642,000 $21,964,000 $22,630,000 3.03% 18.40%

6051 Gilbert Rd $11,192,900 $13,672,700 $19,236,700 $28,134,900 46.26% 50.45%

610 Derwent Way $3,728,000 $3,958,000 $4,960,000 $5,665,000 14.21% 17.32%

6200 Fraserwood Pl $2,852,000 $3,401,000 $3,401,000 $4,958,000 45.78% 24.61%

6211 Fraserwood Pl $2,886,000 $3,636,000 $3,678,000 $3,961,000 7.69% 12.42%

6305 120 St $2,753,000 $3,178,000 $3,204,000 $3,589,000 12.02% 10.12%

6411 Buswell St $6,248,700 $7,326,000 $9,599,000 $14,823,300 54.43% 45.74%

6651 Fraserwood Pl $12,283,000 $14,287,000 $11,894,000 $18,952,000 59.34% 18.10%

6935 120 St $5,015,000 $6,309,000 $6,309,000 $6,766,000 7.24% 11.64%

7031 Westminster H $13,228,200 $16,157,700 $22,730,700 $31,498,600 38.57% 46.04%

7216 Brown St $8,431,000 $9,670,000 $12,266,000 $13,448,000 9.64% 19.84%

7577 Elmbridge Way $12,731,000 $16,047,000 $16,516,000 $22,845,000 38.32% 26.48%

7580 River Rd $2,379,000 $4,934,000 $3,060,000 $3,295,000 7.68% 12.83%

7980 River Rd $2,947,700 $3,640,000 $5,536,300 $8,718,600 57.48% 65.26%

800 Carleton Crt $10,620,000 $12,335,000 $12,095,000 $13,190,000 9.05% 8.07%

8035 120 St $3,874,000 $4,751,000 $4,867,000 $5,820,200 19.58% 16.75%

8100 Granville Ave $27,232,000 $34,759,000 $34,759,000 $36,374,000 4.65% 11.19%

8140 Granville Ave $4,232,800 $5,244,000 $7,829,800 $10,886,300 39.04% 52.40%

BOMA BC/Altus Group


24

8211 Ackroyd Rd $10,118,400 $13,015,900 $17,417,900 $26,734,200 53.49% 54.74%

8477 Bridgeport Rd $8,347,000 $15,535,000 $46,052,000 $53,133,000 15.38% 178.85%

8671 Hazelbridge* - $56,859,000 - -

8899 Odlin Cres $7,225,500 $9,438,000 $12,142,000 $14,705,300 21.11% 34.51%

9067 120 St $3,781,000 $4,772,000 $4,751,000 $6,851,400 44.21% 27.07%


Surrey/White Rock – Properties valued at greater than $3M

Property 2016 2017 2018 2019 % Change

2018-2019

% Change

per Annum

2016-2019

100-15127 100 Ave $8,404,000 $9,805,000 $9,805,000 $10,366,000 5.72% 7.78%

10060 King George $2,647,000 $3,354,000 $3,353,000 $4,073,000 21.47% 17.96%

10095 Whalley Blvd $2,420,000 $3,838,000 $3,979,800 $6,587,100 65.51% 57.40%

10172 152a St $7,030,000 $8,771,000 $8,160,000 $8,514,000 4.34% 7.04%

10183 152a St $5,218,000 $8,253,000 $8,385,000 $8,679,000 3.51% 22.11%

10221 153 St $8,270,000 $10,139,000 $10,139,000 $10,702,000 5.55% 9.80%

10285 University* $37,872,000 $55,362,000 46.18% -

10304 152a St $11,402,000 $14,215,000 $14,430,000 $15,206,000 5.38% 11.12%

10348 King George $19,046,000 $23,591,000 $23,889,000 $27,327,000 14.39% 14.49%

10366 136a St $3,916,000 $4,874,000 $4,873,000 $6,214,000 27.52% 19.56%

10428 153 St $8,196,000 $9,914,000 $9,915,000 $10,403,000 4.92% 8.98%

10445 Whalley Blvd $3,719,000 $4,629,000 $4,307,000 $5,611,200 30.28% 16.96%

10470 152 St $41,995,000 $52,847,000 $52,058,000 $52,058,000 0.00% 7.99%

10475 138 St $4,116,000 $7,282,400 $8,637,400 $14,295,700 65.51% 82.44%

10524 King George $6,366,000 $7,898,000 $8,058,000 $10,427,000 29.40% 21.26%

10605 City Pky $2,751,000 $3,611,000 $3,611,000 $4,815,000 33.34% 25.01%

10700 Timberland R $2,184,000 $3,023,000 $4,681,000 $5,440,000 16.21% 49.69%

10716 Scott Rd $3,070,000 $3,895,000 $5,239,000 $6,585,000 25.69% 38.17%

11678 130 St $3,976,000 $4,883,000 $6,445,000 $8,145,000 26.38% 34.95%

11709 Tannery Rd $1,946,500 $3,023,900 $4,134,900 $5,247,400 26.91% 56.53%

120 176 St $3,471,000 $4,287,000 $4,143,000 $4,430,000 6.93% 9.21%

12160 88 Ave $3,429,000 $4,156,000 $4,397,000 $5,049,000 14.83% 15.75%

13072 88 Ave $4,634,000 $5,780,000 $5,780,000 $6,192,000 7.13% 11.21%

13130 76 Ave $15,817,000 $19,368,000 $19,369,000 $20,659,000 6.66% 10.20%

13160 88 Ave $3,885,000 $4,845,000 $4,845,000 $5,191,000 7.14% 11.21%

13328 104 Ave* $10,011,000 $10,267,000 $12,967,000 $17,016,000 31.23% 23.32%

13401 108 Ave $78,128,000 $101,619,000 $94,392,000 $94,392,000 0.00% 6.94%

13450 102 Ave $103,404,000 $134,715,000 $134,939,000 $134,939,000 0.00% 10.17%

13479 77 Ave $8,338,000 $10,497,000 $10,769,000 $11,737,000 8.99% 13.59%

BOMA BC/Altus Group


25

13520 78 Ave $2,784,000 $3,498,000 $3,498,000 $3,748,000 7.15% 11.54%

13538 73 Ave $3,294,000 $4,041,400 $4,387,000 $4,913,200 11.99% 16.39%

13680 105a Ave $6,028,000 $7,485,000 $7,485,000 $9,526,000 27.27% 19.34%

13710 94a Ave $7,727,000 $9,516,000 $9,516,000 $10,606,000 11.45% 12.42%

13769 104 Ave $4,466,000 $5,581,000 $5,367,000 $6,335,000 18.04% 13.95%

13805 104 Ave $3,985,000 $5,007,000 $5,006,000 $6,438,000 28.61% 20.52%

13853 104 Ave $7,246,000 $9,123,000 $9,335,000 $11,624,000 24.52% 20.14%

14178 104 Ave $21,017,000 $26,089,000 $26,090,000 $28,988,000 11.11% 12.64%

14225 57 Ave $3,134,000 $3,212,600 $3,467,600 $3,935,200 13.48% 8.52%

14458 104 Ave $2,105,100 $3,055,100 $3,193,200 $3,646,500 14.20% 24.41%

14928 56 Ave $10,737,000 $14,369,000 $14,481,000 $15,588,000 7.64% 15.06%

15117 101 Ave $10,612,000 $12,989,000 $12,989,000 $13,774,000 6.04% 9.93%

15225 104 Ave $11,846,000 $13,809,000 $13,369,000 $14,250,000 6.59% 6.76%

15252 32 Ave $19,183,000 $23,109,000 $23,109,000 $24,294,000 5.13% 8.88%

15288 54A Ave* $5,268,000 $6,605,000 $17,230,400 $21,776,800 26.39% 104.46%

15290 103a Ave $4,940,000 $6,819,400 $7,109,200 $7,627,700 7.29% 18.14%

15300 105 Ave $5,969,000 $7,344,000 $7,344,000 $7,776,000 5.88% 10.09%

15300 Croydon Dr $8,356,000 $10,192,000 $10,192,000 $10,775,000 5.72% 9.65%

15303 31 Ave $17,487,000 $23,255,000 $23,905,000 $25,465,000 6.53% 15.21%

15350 Croydon Dr* $14,967,000 $18,631,000 24.48% -

15355 102a Ave $5,465,000 $6,750,000 $6,749,000 $7,171,000 6.25% 10.41%

1542 Johnston Rd $5,089,000 $5,866,000 $6,344,000 $7,145,600 12.64% 13.47%

15451 Russell Ave $3,408,000 $4,160,000 $4,160,000 $4,373,000 5.12% 9.44%

15463 104 Ave $4,170,000 $5,257,000 $5,257,000 $5,686,000 8.16% 12.12%

15850 24 Ave $11,296,000 $14,069,000 $14,263,000 $14,830,000 3.98% 10.43%

16088 84 Ave $6,380,000 $7,975,000 $7,975,000 $8,507,000 6.67% 11.11%

16555 Fraser Hwy $3,048,000 $3,829,000 $3,829,000 $4,103,000 7.16% 11.54%

1656 Martin Dr $22,770,000 $28,908,000 $24,783,000 $25,475,000 2.79% 3.96%

1688 152 St $25,207,000 $30,319,000 $30,746,000 $30,077,000 -2.18% 6.44%

17535 55b Ave $5,585,000 $7,387,000 $7,976,000 $8,506,000 6.64% 17.43%

17637 1 Ave $5,877,000 $7,095,000 $7,173,000 $7,587,000 5.77% 9.70%

17650 66a Ave $4,891,000 $6,145,000 $6,145,000 $6,585,000 7.16% 11.55%

17848 56 Ave $6,624,000 $10,717,000 $11,890,000 $12,863,000 8.18% 31.40%

19060 54 Ave $5,912,300 $6,651,200 $8,922,000 $11,627,000 30.32% 32.22%

19092 26 Ave $3,968,000 $4,986,000 $4,986,000 $5,342,000 7.14% 11.54%

19560 96 Ave* $4,204,000 $5,116,000 $6,768,000 $9,141,000 35.06% 39.15%

2099 152 St $2,960,000 $3,515,000 $3,699,000 $3,885,000 5.03% 10.42%

2121 152 St $4,860,000 $5,932,000 $5,932,000 $6,236,000 5.12% 9.44%

2121 160 St $10,266,000 $12,697,000 $12,745,000 $13,457,000 5.59% 10.36%

300-15127 100 Ave $3,382,000 $4,154,000 $4,154,000 $4,392,000 5.73% 9.95%

3237 King George B $2,536,000 $3,200,000 $3,495,000 $3,599,000 2.98% 13.97%

5265 185a St $4,578,000 $5,641,000 $5,642,000 $6,018,000 6.66% 10.48%

5446 152 St $6,021,000 $8,651,000 $8,747,000 $9,583,000 9.56% 19.72%

BOMA BC/Altus Group


26

5450 152 St $3,371,000 $4,204,000 $4,204,000 $4,504,000 7.14% 11.20%

5455 152 St $56,437,000 $69,067,100 $69,206,300 $73,258,000 5.85% 9.93%

5460 152 St $11,252,000 $14,008,000 $14,008,000 $14,987,000 6.99% 11.06%

5500 152 St $8,101,000 $10,102,000 $10,102,000 $10,824,000 7.15% 11.20%

5550 152 St $5,893,000 $7,347,000 $7,348,000 $7,872,000 7.13% 11.19%

5577 153a St $11,107,000 $14,366,000 $14,421,000 $15,383,000 6.67% 12.83%

5588 Panorama Dr $7,899,000 $9,798,000 $9,845,000 $10,443,000 6.07% 10.74%

5660 192 St $6,736,000 $7,199,000 $7,599,000 $8,184,000 7.70% 7.17%

6329 King George B $3,559,000 $4,429,000 $4,429,000 $4,706,000 6.25% 10.74%

6706 King George B $2,533,600 $3,652,400 $3,943,400 $4,478,700 13.57% 25.59%

7330 King George B $14,271,000 $17,374,000 $17,526,000 $20,347,000 16.10% 14.19%

7445 132 St $24,483,000 $28,729,000 $28,730,000 $31,029,000 8.00% 8.91%

7455 130 St $10,777,000 $12,719,000 $12,719,000 $13,602,000 6.94% 8.74%

7485 130 St $12,781,000 $14,427,000 $14,427,000 $15,511,000 7.51% 7.12%

7495 132 St $12,746,000 $14,958,000 $14,958,000 $16,155,000 8.00% 8.92%

7525 King George B $7,529,000 $9,645,000 $9,796,000 $10,628,000 8.49% 13.72%

7565 132 St $13,326,000 $16,576,000 $15,638,000 $16,890,000 8.01% 8.91%

8268 120 St $3,321,000 $4,283,000 $4,676,000 $4,828,000 3.25% 15.13%

8338 120 St $2,881,000 $3,138,000 $3,422,000 $4,127,000 20.60% 14.42%

8419 160 St $3,064,000 $3,850,000 $3,850,000 $4,125,000 7.14% 11.54%

8636 120 St $2,661,000 $3,371,000 $3,371,000 $3,612,000 7.15% 11.91%

8650 130 St $2,584,000 $3,121,000 $3,341,000 $3,968,600 18.78% 17.86%

8927 152 St $3,337,000 $4,171,000 $4,256,000 $4,726,000 11.04% 13.87%

9030 King George B $3,459,000 $4,305,000 $4,305,000 $4,574,000 6.25% 10.74%

9128 152 St $2,538,000 $3,195,000 $3,196,000 $3,395,000 6.23% 11.26%

9180 King George B $5,247,000 $6,593,000 $6,593,000 $7,064,000 7.14% 11.54%

9648 128 St $2,530,000 $3,195,000 $3,196,000 $3,462,000 8.32% 12.28%

9656 King George B $3,977,000 $3,854,000 $4,986,400 $7,495,100 50.31% 29.49%

9755 King George B $76,555,000 $93,629,000 $93,629,000 $142,165,000 51.84% 28.57%

9900 King George B $75,501,000 $89,307,000 $89,893,000 $89,963,000 0.08% 6.38%

9985 Grace Rd $9,140,000 $10,313,600 $13,112,600 $16,481,400 25.69% 26.77%


Greater Victoria – Properties valued at greater than $5M

Property 2016 2017 2018 2019 % Change

2018-2019

% Change

per Annum

2016-2019

1000 Douglas St $6,547,000 $6,674,000 $7,357,000 10.23% -

1001 Cloverdale Av 4,420,000.00 $5,081,000 $5,475,000 $6,124,000 11.85% 12.85%

1005 Broad St $6,771,000 $7,134,000 $7,835,000 9.83% -

1006 Government St 4,350,000.00 $5,587,000 $6,857,000 $7,472,000 8.97% 23.92%

BOMA BC/Altus Group


27

101-546 Yates St $5,014,000 $5,607,000 $5,925,000 $6,515,000 9.96% 9.98%

101-780 Kings Rd $6,067,000 $7,368,000 $7,699,000 $9,986,000 29.71% 21.53%

1019 Wharf St $10,928,000 $12,370,000 $13,204,000 $16,048,000 21.54% 15.62%

1027 Langford Pky $10,482,000 $11,986,000 $12,933,000 $14,465,000 11.85% 12.67%

1086 Fort St $8,278,000 $9,324,000 $9,941,000 $10,998,000 10.63% 10.95%

1095 Mckenzie Ave $10,460,000 $11,089,000 $12,702,000 14.55% -

1107 Wharf St $8,319,000 $8,821,000 $9,804,000 11.14% -

1112 Fort St $12,450,000 $14,289,000 $15,345,000 $17,468,000 13.84% 13.44%

1120 Yates St $7,169,000 $8,116,000 $8,747,000 $9,992,000 14.23% 13.13%

1125 Douglas St $5,830,000 $6,175,000 $6,699,000 $5,408,000 -19.27% -2.41%

1175 Cook St $7,829,000 $8,894,000 $9,502,000 $10,164,000 6.97% 9.94%

1175 Douglas St $36,557,000 $41,625,000 $40,139,000 $47,302,000 17.85% 9.80%

12 Bastion Sq $5,155,000 $5,151,000 $5,571,000 $6,198,000 11.25% 6.74%

120 Hallowell Rd $12,173,000 $13,420,000 $15,487,000 15.40% -

1201 Douglas St $10,181,000 $11,539,000 $12,323,000 $13,700,000 11.17% 11.52%

1202 Wharf St $7,708,000 $7,752,000 $8,205,000 5.84% -

1250 Quadra St $8,409,000 $8,955,000 $9,934,000 10.93% -

1405 Douglas St $9,583,000 $10,961,000 $11,742,000 $13,285,000 13.14% 12.88%

1420 Broad St $8,932,000 $10,079,000 $10,824,000 $11,731,000 8.38% 10.45%

1483 Douglas St $10,885,000 $11,687,000 $12,892,000 10.31% -

1515 Blanshard St $57,514,500 $66,438,100 $71,319,300 $80,296,000 12.59% 13.20%

1515 Douglas St $24,381,000 $94,106,000 $161,374,000 71.48% -

1520 Blanshard St $9,048,000 $10,320,000 $11,167,000 $13,111,000 17.41% 14.97%

1537 Hillside Ave $6,523,000 $7,496,000 $8,104,000 $9,396,000 15.94% 14.68%

1555 Mckenzie Ave $8,985,000 $10,125,000 $10,849,000 $12,022,000 10.81% 11.27%

1581 Hillside Ave $6,631,000 $7,440,000 $8,926,000 19.97% -

1590 Cedar Hill Cr $6,526,000 $7,442,000 $7,963,000 $8,898,000 11.74% 12.12%

1625 Fort St $8,878,000 $9,327,000 $10,226,000 9.64% -

1675 Douglas St $21,847,000 $23,087,000 $26,072,000 12.93% -

1756 Island Hwy $6,077,000 $6,957,000 $7,480,000 $7,666,000 2.49% 8.72%

1802 Douglas St $16,342,000 $18,532,000 $19,640,000 $22,603,000 15.09% 12.77%

1803 Douglas St $16,419,000 $18,529,000 $19,932,000 $22,569,000 13.23% 12.49%

1810 Blanshard St $34,810,000 $40,269,000 $43,313,000 $49,603,000 14.52% 14.17%

1900 Richmond Rd $9,106,000 $10,401,000 $11,251,000 $12,812,000 13.87% 13.57%

1947 Cook St $5,010,000 $5,723,000 $6,138,000 $6,997,000 13.99% 13.22%

1990 Fort St $13,611,000 $14,695,000 $16,674,000 13.47% -

2187 Oak Bay Ave $15,011,000 $15,558,000 $17,138,000 10.16% -

2188 Oak Bay Ave $5,032,000 $5,691,000 $6,236,000 9.58% -

2195 Keating Cross $8,921,000 $10,095,000 $10,895,000 $12,173,000 11.73% 12.15%

2247 Oak Bay Ave $5,284,000 $5,958,000 $6,610,000 10.94% -

2261a Keating Cros $29,348,000 $33,456,000 $31,949,000 $36,029,000 12.77% 7.59%

2615 Douglas St $16,329,000 $18,264,000 $18,366,000 $20,295,000 10.50% 8.10%

2659 Douglas St $10,604,000 $11,257,000 $12,427,000 10.39% -

BOMA BC/Altus Group


28

2750 Quadra St $6,604,000 $7,551,000 $7,532,000 $8,698,000 15.48% 10.57%

2881 Nanaimo St $12,585,000 $14,299,000 $15,337,000 $17,332,000 13.01% 12.57%

2940 Jutland Rd $35,866,000 $39,291,000 $44,271,000 12.67% -

2955 Jutland Rd $21,210,000 $24,071,000 $25,557,000 $28,750,000 12.49% 11.85%

2995 Jutland Rd $45,232,000 $51,386,000 $73,313,000 $73,534,000 0.30% 20.86%

31 Bastion Sq $7,639,000 $8,695,000 $8,798,000 $10,194,000 15.87% 11.15%

320 Garbally Rd $5,258,900 $5,893,000 $6,481,000 $10,449,000 61.23% 32.90%

3300 Douglas St $5,965,000 $6,853,000 $7,405,000 $8,475,000 14.45% 14.03%

3318 Oak St $6,077,000 $6,508,000 $7,240,000 11.25% -

3350 Douglas St $21,204,000 $24,336,000 $26,094,000 $30,058,000 15.19% 13.92%

3351 Douglas St $7,418,000 $8,386,000 $9,048,000 $10,305,000 13.89% 12.97%

3400 Davidson Ave $6,656,000 $7,603,000 $8,122,000 $8,921,000 9.84% 11.34%

3550 Saanich Rd $7,854,000 $9,018,000 $9,634,000 $10,901,000 13.15% 12.93%

3645 Tillicum Rd 1,810,000.00 $5,303,000 $5,665,000 $6,385,000 12.71% 84.25%

3750 Shelbourne St $8,334,000 $8,461,000 $8,818,000 $9,856,000 11.77% 6.09%

3795 Carey Rd $6,908,400 $10,173,000 $12,711,000 $14,361,000 12.98% 35.96%

395 Waterfront Cre $15,248,000 $17,510,000 $18,983,000 $21,522,000 13.38% 13.72%

3960 Borden St $9,431,000 $9,205,000 $10,190,000 10.70% -

3960 Quadra St $14,965,000 $16,370,000 $17,808,000 $19,958,000 12.07% 11.12%

4000 Seymour Pl $49,608,000 $56,790,000 $59,406,000 $68,411,000 15.16% 12.63%

401 Garbally Rd $13,720,000 $15,598,000 $16,457,000 $18,617,000 13.13% 11.90%

4243 Glanford Ave $9,707,000 $10,204,000 $10,930,000 $11,805,000 8.01% 7.20%

425 Dunedin St $7,905,000 $8,933,000 $9,717,000 $10,851,000 11.67% 12.42%

4396 West Saanich $16,636,000 $21,005,000 $18,947,000 $21,315,000 12.50% 9.38%

4420 Chatterton Wa $6,903,000 $7,927,000 $8,468,000 $9,581,000 13.14% 12.93%

4460 Chatterton Wa $6,809,000 $7,819,000 $8,352,000 $9,451,000 13.16% 12.93%

4464 Markham St $39,984,000 $44,960,000 $48,451,000 $53,741,000 10.92% 11.47%

4480 West Saanich

Rd $5,908,000 $6,388,000 $6,912,000 8.20% -

4514 Chatterton Wa $7,632,000 $8,758,000 $9,412,000 $10,842,000 15.19% 14.02%

514 Government St $8,404,000 $10,854,000 $12,577,000 $13,230,000 5.19% 19.14%

525 Superior St $26,779,000 $65,867,000 $67,404,000 2.33% -

582 Goldstream Ave $5,462,000 $5,476,000 $5,839,000 $6,598,000 13.00% 6.93%

601 Discovery St $8,882,000 $10,160,000 $11,239,000 10.62% -

605 Courtney St $5,629,000 $6,412,000 $7,315,000 14.08% -

609 Broughton St $12,602,000 $13,505,000 $15,078,000 11.65% -

612 View St $8,285,000 $9,349,000 $9,862,000 $10,895,000 10.47% 10.50%

617 Government St $40,091,000 $45,868,000 $49,124,000 $56,935,000 15.90% 14.00%

619 Yates St $7,675,000 $8,708,000 $9,436,000 8.36% -

620 View St $6,360,000 $6,765,000 $7,464,000 10.33% -

623 Fort St $11,904,000 $12,760,000 $14,259,000 11.75% -

625 Fisgard St $16,827,000 $19,317,000 $20,683,000 $23,569,000 13.95% 13.36%

631 Yates St $8,554,000 $9,005,000 $9,877,000 9.68% -

BOMA BC/Altus Group


29

633 Courtney St $18,840,000 $20,070,000 $18,332,000 -8.66% -

637 Fort St $20,206,400 $21,685,000 $24,346,100 12.27% -

645 Tyee Rd $15,334,000 $17,577,000 $18,899,000 $22,056,000 16.70% 14.61%

655 Tyee Rd $31,483,000 $35,610,000 $38,336,000 $44,336,000 15.65% 13.61%

6702 Rajpur Pl $6,516,000 $7,186,000 $7,837,000 $8,628,000 10.09% 10.80%

685 Fort St $15,734,000 $18,019,000 $19,241,000 $21,570,000 12.10% 12.36%

701 Fort St $18,917,000 $19,892,000 $25,707,000 29.23% -

706 Yates St $20,408,000 $20,761,000 $23,125,000 11.39% -

710 Redbrick St 4,522,000.00 $6,271,000 $6,699,000 $7,520,000 12.26% 22.10%

720 Broughton St $42,791,000 $53,442,000 $59,659,200 11.63% -

722 Johnson St $5,017,000 $5,733,000 $8,235,000 $9,290,000 12.81% 28.39%

727 Fisgard St $12,587,000 $14,207,000 $14,573,000 $16,493,000 13.18% 10.34%

738 View St $32,198,000 $34,692,000 $40,016,000 15.35% -

740 Hillside Ave $28,868,100 $28,416,600 $28,282,000 -0.47% -

743 Yates St $18,674,000 $20,133,000 $23,165,000 15.06% -

747 Fort St $13,695,000 $13,353,000 $14,644,000 9.67% -

754 Fort St $8,101,000 $8,499,000 $9,610,000 13.07% -

780 Blanshard St $6,884,000 $7,942,000 $8,477,000 $9,488,000 11.93% 12.61%

8 Bastion Sq $7,451,000 $7,837,000 $8,573,000 9.39% -

800 Johnson St $16,979,000 $19,625,000 $20,988,000 $26,563,000 26.56% 18.82%

800 Yates St $80,120,000 $91,297,000 $98,179,000 $113,998,000 16.11% 14.09%

801 Government St $23,627,000 $24,207,000 $26,814,000 10.77% -

810 Blanshard St $8,019,000 $9,141,000 $9,795,000 $11,054,000 12.85% 12.62%

818 Broughton St 4,559,000.00 $6,472,000 $6,934,000 $8,696,000 25.41% 30.25%

826 Yates St $18,627,000 $21,306,000 $22,830,000 $25,533,000 11.84% 12.36%

835 Humboldt St $26,955,000 $29,005,000 $29,311,000 $34,941,000 19.21% 9.88%

836 Courtney St $5,940,000 $6,828,000 $7,370,000 $8,298,000 12.59% 13.23%

836 Yates St $6,712,000 $7,636,000 $7,856,000 $8,617,000 9.69% 9.46%

850 Burdett Ave $32,050,000 $37,584,000 $38,630,000 $42,721,000 10.59% 11.10%

850 Douglas St $19,083,000 $21,786,000 $22,199,000 $24,605,000 10.84% 9.65%

861 Cloverdale Ave $5,936,000 $6,789,200 $7,128,700 $8,177,600 14.71% 12.59%

891 Fort St 4,685,000.00 $5,311,000 $5,107,000 $5,609,000 9.83% 6.57%

908 Pandora Ave $9,486,000 $10,839,000 $11,705,000 $13,378,000 14.29% 13.68%

910 Government St $43,640,000 $46,856,000 $52,585,000 12.23% -

914 Yates St $5,575,000 $6,367,000 $6,878,000 $8,173,000 18.83% 15.53%

933 Douglas St $6,253,000 $6,690,000 $6,697,000 0.10% -

940 Blanshard St $41,922,000 $47,727,000 $51,048,000 $58,290,000 14.19% 13.01%

947 Fort St $20,543,000 $21,931,000 $25,347,000 15.58% -

980 Blanshard St $16,929,000 $19,125,000 $20,428,000 $22,903,000 12.12% 11.76%

9865 West Saanich $6,810,000 $7,544,000 $8,132,000 $8,954,000 10.11% 10.49%

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Documents

2019 GREATER VANCOUVER AND VICTORIA · 2019 Office Property Assessment Report 4 Income Approach The Income Approach to value is based on the assumption that the value of the property