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, Office

Construction Update: Deloitte Summit

One of the more fascinating construction projects to watch in town has been 410 West Georgia Street, now known as ‘Deloitte Summit’ after its lead tenant. The building is being developed by Westbank.

The 24-storey, 375,000 SF office tower began below-grade construction less than a year ago and is now well advanced above ground level in part, due to the steel construction which progresses more rapidly than concrete.

Photos courtsey mcminsen

January 31, 2020by david.taylor@colliers.com
Apartment, Development

81 Rental Units Proposed for Shaughnessy Site

Domus Homes has submitted their rezoning application for a 0.9 acre two single-family lot land assembly at 4750 Granville Street and 1494 West 32nd Avenue. The combined site is currently zoned from RS-5.

The application comes just six months after the City of Vancouver rejected a townhouse development across the street.

The proposal for the site includes a new 4-storey rental building with:

  • 81 market rental units;
    • 52 one-bedrooms, 19 two-bedrooms & 10 three/four-bedrooms;
  • a total density of 1.50 FSR;
  • a building height of 44 ft; and
  • 70 underground vehicle parking spaces and 154 bicycle spaces.

The application is being considered under the Affordable Housing Choices Interim Rezoning Policy.

The architect for the project is Stuart Howard Architects.

Domus acquired the site in October 2019 for $12,700,000 or $223 per buildable SF.

January 29, 2020by david.taylor@colliers.com
Condo, Market Research

Cambie Corridor Condo Resales Snapshot

The above chart excludes townhouse and duplex sales.

January 28, 2020by david.taylor@colliers.com
Condo, Development

Onni Set to Rezone Second Phase of Gilmore Place

Onni has submitted a rezoning application for the residential portion of Phase 2 of it’s Gilmore Place project. Phase 1 of the project included three residential towers at the Northwest corner of the site, now under construction; Phase 2 also includes an office tower which is in the rezoning stage. There will be four phases in total.

Phase 2 of the project is located along Dawson Street just east of the Gilmore Skytrain Station. This phase includes:

  • two residential highrises of 50-storeys and 43-storeys;
  • 1,012 total condo units;
  • a common underground parkade;
  • a common podium.
January 24, 2020by david.taylor@colliers.com
Apartment, Condo, Development, Office, Retail

FOR SALE: 14-Acre Mixed-use /Residential Development Site

We are pleased to present this 14-acre residential/mixed-use development site in Burnaby, located adjacent the Sperling-Burnaby Lake Station.

Please download our brochure for further information about the Property.

January 24, 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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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

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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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