• British Columbia, the newly elected NDP government finished the year in a strong fiscal position and announced another projected budget surplus of $246 million
  • Vacancy rates in Downtown Vancouver remain at historically low levels (2.8%)
  • Exciting brands being offered by the Swiss luxury conglomerate Richemont Group like Officine Panerai and Van Cleef & Arpels are anticipated to perform well alongside other luxury retailers in the 1000 block of Alberni Street. 
  • Development in the west end of downtown reached a frenzied pace this year as many noteworthy sites were purchased or under construction to make way for greater retail and residential density.
  • The second half of 2017 wrapped up a record year of sales activity in Vancouver with a predicted retail transaction volume of $3.7B