Short answer is YES. Long answer is, it is if you can get your hands on some.
Industrial (warehouses, yards etc.) have been underdeveloped for decades in the Lower Mainland. All spare land has gone to..you guessed it housing. So if your parents bought a warehouse in the 70's or 80's and is considering selling it, try your best to convince him to hold on to it. Metro Vancouver Industrial as a market segment has the
That said, if you're not wanting to be a landlord, you could cash out now and make some serious bank.
Check out this parcel that just sold in
Values have gone up dramatically in the last few years. Let me know if you'd like me to give you a valuation!
If you're looking to invest in Alberta check out this article from Storeys (click the photo).