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

47-Unit Townhouse Project Slated for Cambie Area Block

Zail Properties has applied to the City of Vancouver for permission to develop a new townhouse development on a full city block site in the 500 Block of West 27th Avenue at Ash Street, just West of Cambie.

The proposal includes:

  • 47 three-bedroom units;
  • a total density of 1.20 FSR;
  • Approximate overall building heights up to:
    • 38 ft. facing Ash Street and West 27th Avenue
    • 33 ft. facing rear and side lanes
  • One level of underground parking (approximately 59 stalls) having vehicular access from the north side lane.

Under the site’s existing RM-8A zoning, this application is “conditional” and may be permitted pending review and decision by the Director of Planning.

The architect for the project is Ciccozzi Architecture Inc.

The full application details can be viewed here: https://www.shapeyourcity.ca/531-595-w-27-ave

January 24, 2023by david.taylor@colliers.com
Land, Market Research

Update: Rupert and Renfrew Station Area Plan

City of Vancouver planning staff made a presentation to Council last week to provide an update on the planning process for the Rupert and Renfrew Station Area Plan in East Vancouver.

The process for this plan area was initiated in 2021, with public engagement and feedback sessions in 2022. The plan area is identified for growth within the context of the Vancouver Plan, adopted by Council last year.

Early directions include:

  • Enchanced rezoning in partnership with MST Nations for BCL Distribution Centre at 3200 East Broadway
  • New mixed use zones to replace RS zones
  • Priority for rental and social housing
  • Add housing OUTSIDE employment lands
  • Allow larger office and industrial buildings in employment lands
  • Continue support for big box retail.

A draft plan is expected later this year, with implementation targeted for 2024.

The full presentation can be viewed here.

January 24, 2023by david.taylor@colliers.com
Apartment, Development

32-Storey Rental Building Proposed for Pacific Street Site

Wall Financial has submitted a rezoning application for a site at 1065 Pacific Street in the West End area of Downtown Vancouver.

The 12,972 SF site is currently improved with an older, 3-storey walkup apartment building containing 30 units.

The proposal is to allow for the development of a 32-storey rental building over five levels of underground parking accessed from the lane. The proposal includes:

  • 180 rental units;
  • 144 secured market rental units and 36 below-market rental units;
    • 117 one-bedrooms, 62 two-bedrooms & 1 three-bedroom unit;
  • A total density of 11.19 FSR;
  • A building height of 300 ft.; and
  • 100 vehicle parking spaces accessed via car elevator and 344 bicycle parking spaces.

The application is being considered under the Criteria for 100% Secured Rental and Below-Market Housing as an Alternative to Inclusionary Social Housing in the Burrard Corridor of the West End Community Plan.

January 19, 2023by david.taylor@colliers.com
Condo, Development

FOR SALE: North Vancouver Townhouse Development Site

We are pleased to present the opportunity to acquire a pre-assembled townhouse development site in the Maplewood Village area of North Vancouver. The 29,500 SF site is designated to allow townhouses up to 1.20 FSR or approx. 35,500 SF gross buildable.

Current plans envision a 27-unit stacked townhouse development. Full architectural plans and supporting consultant reports are available upon request.

Please visit here or contact me for further details.

January 18, 2023by david.taylor@colliers.com
Apartment, Development, Retail

110 Rental Units Planned for Fraser St. Site

Anthem Properties has submitted a rezoning application for a site sold by our team in 2022 at the Northwest corner of Fraser and East 17th Avenue in East Vancouver.

A portion of the site had a previous development application under the existing C-2 zoning for a 4-storey condo building.

The proposal is to allow for the development of a 14-storey rental apartment building that includes:

  • 110 market rental units (20 units assigned to moderate income households);
    • 25 studios, 33 one-bedrooms & 32 two-bedrooms;
  • 5,035 SF of retail space at grade;
  • A total density of 6.90 FSR;
  • A building height of 156 ft.; and
  • 69 vehicle parking spaces and 213 bicycle parking spaces.

The application is being considered under the Moderate Income Rental Housing Pilot Program (MIRHPP) Rezoning Policy.

The architect for the project is BHA Architecture Inc.

January 18, 2023by david.taylor@colliers.com
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First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion

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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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West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave

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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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