Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
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Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
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Development

Infill Project Just What City of Vancouver Needs More Of

A new development application in the Norquay Village area of East Vancouver highlights what Vancouver needs far more of: stacked townhouses. This is particularly true where townhouses are replacing single family within walking distance of rapid transit (in this case the 29th Avenue Skytrain station).

The site in question, located at 2757-2761 Horley Street, is zoned RM-7, a new multifamily zone that was approved within the new Norquay Village Neighbourhood Centre Plan.

The proposal for the 8,302 SF site includes:

  • a 3-storey plus basement building
  • 10 townhouse units plus 3 lockoff units
  • a height of 37.7 ft
  • a density of 1.20 FSR
  • each unit has a front entrance door visible from street
  • porches, stairs and roof decks are all facing the street to maximize street life

2757 Horley 2757 Horley_2

 

February 26, 2015by david.taylor@colliers.com
Development

72-Units Proposed for Cambie & 59th Street Site

A rezoning application has been filed for the Flamingo Restaurant site at 7516-7550 Cambie Street. The 29,500 SF site, which consists of three lots, is currently zoned C-1 & RT-1 and RS-1. The proposal, which is being made under the Cambie Corridor Plan, includes:

    • Two 6-storey buildings
    • ground-level commercial space
    • 72 residential units;
    • a density of 2.9 FSR
    • a total height of 76.8 ft
    • 133 underground parking spaces

7550 Cambie7550 Cambie_2flamingoThe site sold in March 2014 for $12,500,000, or $146 per buildable SF if the proposed density is achieved.

This is the 27th rezoning application being made under the Cambie Corridor Plan since it came into place in 2011.

February 26, 2015by david.taylor@colliers.com

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David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

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16 Apr

First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion

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gravitasmsn MN @gravitasmsn ·
16 Apr

First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while

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16 Apr

West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

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9 Apr

Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor

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David Taylor Personal Real Estate Corporation

Colliers International

DT

David Taylor

Senior Vice President, Colliers Canada

David Taylor is a Senior Vice President at Colliers International in Vancouver, BC, specializing in the sale of commercial real estate across Metro Vancouver. He has sold over $1.7 Billion in office buildings, retail properties, apartment buildings and development land since 2004.

Vancouver Market chronicles investment and development activity in Metro Vancouver, including sale prices, cap rates, $/SF metrics, and market context for commercial real estate transactions.

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