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

Market Update: New Developments

Four developments go before Vancouver City Council next week seeking approval of form of development, which is the last administrative motion at the Council level required before construction, so these four projects will likely start site clearing for imminent excavation and construction:

501 West 26th Avenue (Parc 26)Parc 26

Parc 26 is a 75-unit condo project at West 26th and Cambie that was sold by our team in 2011 to Dava Developments and approved for rezoning in 2014. According to twitter, the project is now over 65% sold.

 

563-571 King Edward521 West King Edward Avenue

Just across King Edward Street from Parc 26, this site was also assembled by Colliers in 2011, and achieved rezoning in 2014. The developer is Regent International. The plan is for a 70-unit, 6-storey condo building.

 

The Duke333 East 11th Avenue (The Duke)

This site was initially marketed in 2010 and received rezoning approval in 2015 for a rental tower under the City’s Rental 100 program. The 201-unit rental apartment building, now named “The Duke”, will be 14-storeys with a 4,925 SF retail component. Site clearing has already commenced.

984 West Broadway984 West Broadway

This site at Broadway and Oak was approved for rezoning for 10-storey office tower way back in 2011, and is just now looking to move forward. The project, by BlueSky Properties, was rezoned under the Metro Core plan to allow a 5.22 FSR density.

July 16, 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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globeandmail The Globe and Mail @globeandmail ·
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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northshorenews North Shore News @northshorenews ·
16 Apr

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

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vancouvermrkt Vancouver Market @vancouvermrkt ·
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

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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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