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

Construction Update: Vancouver House

Construction continues to progress at Vancouver House, one of the more watched construction sites in the City of Vancouver, if only for its unique design. The building is now above the bridge level. Construction is scheduled for completion in 2019.

56fda0a783daf37d8655020533000337photo courtesy mcminsen http://po.st/tfp1og via @imageshack

1c7c2189bf9538eec766565515cb5fc9photo courtesy mcminsen http://po.st/DsuFXn via @imageshack

1f391e9cae950209363a466a22016e63photo courtesy mcminsen http://po.st/2CzaHU via @imageshack

94b0901824e0231c33164b03aacb36d4photo courtesy mcminsen http://po.st/3h34VL via @imageshack

May 7, 2017by david.taylor@colliers.com
Apartment, Development

35-Unit Apartment Building Planned for Central Lonsdale

Belaire Apartments Ltd., the owners of an existing 3-storey lowrise apartment building in North Vancouver, are planning a replacement of the building with a new, larger rental apartment building.

The subject site is located in the Central Lonsdale neighbourhood at the south west corner of Chesterfield Avenue and 16th Street. The site currently contains a 13-unit rental apartment building. The 10,400 SF site is located in an area of mainly three storey apartment buildings, with most of them built in the late 1960’s to mid – 1970’s, and are a mix of rental and strata dwellings.

The proposal is for a new 5-storey rental apartment building that includes:

  • 34 apartment units
  • 18 one-bedrooms, 13 two-bedrooms and 3 three-bedrooms
  • a total density of 2.50 FSR
  • 17 underground parking stalls
  • 51 bicycle stalls

1549 Chesterfield1549 Chesterfield_1 1549 Chesterfield_2 1549 Chesterfield_3The OCP land use designation of the site is Residential Level 5, which allows for a medium density multi-family up to a maximum density of 1.6 FSR, with the potential of a 1.0 FSR bonus density to be granted at Council’s discretion. The applicant is requesting a bonus be granted to 2.50 FSR with all the proposed units being rental and secured through a rental Housing Agreement.

The architect for the project is Gateway Architecture.

May 7, 2017by 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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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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