Vancouver Commercial Real Estate Market Sees 23% Investment Decline

Vancouver's commercial real estate market contracted in the first half of 2026, with total investment volume declining 23% year-over-year to $3.5 billion.

This pullback was observed across most major property sectors due to factors like trade policy uncertainty, moderating population inflows, softening consumer demand, and elevated financing costs.

The Bank of Canada's decision to hold the overnight rate steady at 2.25% for a fifth consecutive decision helped anchor long-term cost-of-capital expectations without easing underwriting pressure on buyers.