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, Retail

Condo/Hotel Project Planned for Cambie Site

Wall Financial has submitted a rezoning application for a full-block site at Cambie & 43rd.

The 31,692 SF site at 5910-5962 Cambie Street is currently zoned RT-2 but was redesignated for highrise development in the Cambie Corridor Plan.

The proposal consists of a mixed-use development with a 29-storey market residential tower and a 15-storey hotel tower over a 5-storey podium, with retail.

The proposal includes:

  • 168 condo units;
    • 94 one-bedrooms & 74 two-bedrooms;
  • 270 hotel rooms;
  • 4,383 SF of retail at grade;
  • a total density of 10.86 FSR;
  • a maximum building height of 278 ft.; and
  • 281 underground vehicle parking spaces and 377 bicycle spaces.

The application is being considered under the Cambie Corridor Plan.

The architect for the project is Perkins + Will.

February 4, 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
Condo, Development, Office

Landa Global Acquires Richmond Hotel/Condo Site

Landa Global has acquired a 3.4 acre development site on Elmbridge Way in the City Centre area of Richmond for $60 Million. The site is designated Urban Centre T5 within the Oval Village subarea of the City Centre Area Plan.

A rezoning application had been submitted by the previous owner to allow a high-density mixed use residential hotel development in three towers.

The site at 6851 & 6871 Elmbridge Way had been listed for sale with Avison Young in 2019:

We reported the site’s previous sale in 2014. The purchase price at that time was $31,300,000.

January 21, 2020by 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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