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.
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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Apartment, SOLD

14-Unit Kits Apartment Building Sells for 3.4% Cap Rate

A 14‑unit Kitsilano rental apartment building at 2250 York Avenue has sold for $5,995,000. The three‑storey wood‑frame walk‑up, built in 1953, sits on a 75‑foot frontage lot.

The property was sold to General Properties Ltd., a private Canadian investor. The seller, Evereast International Enterprises Ltd., originally acquired the building in 2012 for $4,800,000, reflecting a notable step‑up in value over the past 14 years.

Property Highlights

  • Units: 14
    • 10 × 1‑bedroom
    • 4 × 2‑bedroom
  • Lot Size: 9,148 SF
  • Zoning: RM‑4 (Multiple Dwelling)
  • Parking: 6 covered stalls
  • Amenities: Two locker rooms (14 lockers), shared laundry (1 washer + 1 dryer)

The property was listed and sold by Chris Hayne and Billy Yang: https://www.royallepage.ca/en/property/british-columbia/vancouver/2250-york-avenue/26947768/

March 24, 2026by david.taylor@colliers.com
For Sale

FOR SALE: Church/Daycare Property in Burnaby

Colliers is pleased to introduce for sale 5050 Hastings Street, a 2-storey church/daycare property located on a 12,000 SF lot in a highly accessible location on Hastings Street in Burnaby’s Hastings Heights area.

For more information: https://www.collierscanada.com/en-ca/properties/for-sale-rare-church-property-in-convenient-location-in-burnaby/can-5050-hastings-street-burnaby/can2020111

March 8, 2026by david.taylor@colliers.com
Retail, SOLD

$55 Million Retail Deal as Alberni Street Property Changes Hands

The retail air space parcel of the former Shangri-la Hotel (now Park Hyatt) at 1101-1133 Alberni Street in Downtown Vancouver, has traded hands. The property had been acquired by Brookfield as part of their hotel acquisition in 2025 and was spun off as a separate offering, with retail including Urban Fare, the Keg and Burberry.

Sale Details

  • Sale Price: $55,000,000
  • Retail GLA: 40,996 SF
  • Price per Sq. Ft.: $1,342
  • Cap Rate: 5.30%
  • Seller: Brookield
  • Buyer: Aquilini

March 8, 2026by david.taylor@colliers.com
Apartment, Rental, Retail, SOLD

Newer East Van Apartment Building Sells in $21.5M Deal

A 31-Unit apartment building located on Fraser Street at East 17th Avenue has been sold by Low Tide Properties. The 2017 built apartment/retail building is located on a 12,197 SF site.

The building contains a retail unit leased to Bells and Whistles.

Sale details:

  • Purchase Price: $12,500,000
  • 4.4% cap rate
  • $694,000 per unit
  • 13 one-beds, 15 two-beds, 3 three-beds
  • 3,174 SF of retail space

The property was listed and sold by the Cushman and Wakefield BC Multifamily Team.

March 8, 2026by david.taylor@colliers.com
Office, Retail, SOLD

SOLD: Port Coquitlam Retail & Office Plaza

The Colliers team including Casey Weeks and Morgan Iannone is pleased to announce the successful sale of Westwood Square, an 18,000 SF two-storey retail and office plaza located at 3242 Westwood Street in Port Coquitlam.

Please reach out to us for details.

March 7, 2026by david.taylor@colliers.com
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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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