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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Condo, Development

Application for Oak & West 47th Site Includes 26 Townhouses

Alabaster Homes has applied to the City of Vancouver for permission to develop a three lot land assembly at the Southwest corner of Oak Street and West 47th Avenue. The site totals 27,876 SF and was rezoned to RM-8AN under the Cambie Corridor Phase 3 Plan.

The proposal for the site is a 4-building stacked townhouse development that includes:

  • 36 units;
    • one-bedroom flats & three-bedroom townhouses
    • unit sizes from 511 to 1,523 SF;
  • a total density of 1.20 FSR;
  • proposed height of 38 feet for the front buildings and 31 feet for the rear buildings;
  • 37 underground parking spaces.

Alabaster assembled the site in 2018 for $14,550,000, or $425 per buildable SF.

The architect for this project is Formwerks.

April 3, 2020by 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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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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