•The Metro Vancouver office market continued to tighten due to constrained supply, hitting a record low of 3.8% in Q3.

•The Downtown vacancy rate fell 20 basis points (bps) quarter-over-quarter to 2.4%. This downward trend is expected to continue with limited supply and significant preleasing activity.

•The suburban markets continued to face robust demand with vacancy reduced to 5.2%, 60 bps quarter-over-quarter, a new all-time low.

•In September 2019, the BC Ministry of Transportation announced the location of six proposed Skytrain stations on the Broadway Extension. The extension of the Millennium Line will connect False Creek and Mount Pleasant on rapid transit. Construction is set to begin by late 2020 and complete in 2025.