The Impala
8735 Selkirk Street
Vancouver
Apartment Building
8735 Selkirk Street
Vancouver
Apartment Building
22 Suites
$3,650,000
Peter Mitham, Business in Vancouver
January 2012
Apartment sales rise
The numbers are in: sales of apartment blocks in the Lower Mainland totalled 110 last year, up from 90 in 2010 and the greatest number of sales since 2007. While the total volume of sales – $577.1 million – didn’t match the tally of $648.5 million achieved in 2005 (when 162 properties changed hands), the per-suite price continued its “relentless climb” to $175,741.
All this is according to apartment brokers David and Mark Goodman at HQ Commercial Real Estate Services Inc. HQ principal David Goodman attributed the activity to low interest rates and investors seeking good returns.