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

District of North Van to Reconsider Edgemont Townhouse Project

Wesgroup has submitted a new application to the District of North Vancouver to rezone and develop a townhouse project on a site in Edgemont Village.

A previous townhouse proposal for the 33,000 SF site was rejected by DNV council at fourth reading in 2018 amid concerns about the pace of construction and development in the Edgemont area.

The property is located in an area of the OCP that allows for townhouses up to 3-storeys and a density of 1.20 FSR. It is located at the southeast corner of Ridgewood Drive and Ayr Avenue, and is currently occupied by four single-family homes. The Grosvenor mixed-use development is across the street to the west and Amica Seniors Living is to the south.

The updated proposal for the site includes:

  • 32 townhouse units;
  • 12 two-bedrooms & 20 three-bedroom units;
  • 900 to 1,500 SF unit sizes;
  • a total density of 1.18 FAR;
  • one level of underground parking with 64 spaces;
  • $1.7 Million in off-site works;
  • DCC’s of $420,400;
  • CAC of $772,439 ($18.50 per SF).

The architect for the project is Integra Architecture.

The site was originally assembled by Boffo Properties in 2016 and later sold to Wesgroup following the rejection of the 2017 rezoning proposal.

September 27, 2023by 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 --> 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

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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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