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, Development, Retail

6-Storey Condo Switched to 12-Storey Rental for Cambie Lot

A new rezoning application has been submitted for 486 West 26th Avenue a 10,131 SF lot at the Southeast corner of West 26th and Cambie. The application, entitled “Cambie Nexus” proposes a 12‑storey concrete rental residential tower with ground‑floor community‑serving retail.

The site was previously approved for a 6-storey, 29-unit condo project that never moved forward.

Project Snapshot

Key Stats From the Application:

  • Total residential units: 52
  • Unit mix:
    • 27 one‑bedroom
    • 19 two‑bedroom
    • 6 three‑bedroom
  • Density (FSR): 4.91 FSR
  • Building height: 12 storeys (approx. 145’)
  • Parking: 18 off‑street vehicle stalls

The architect for the project is Wilson Chang Architect Inc.

The site was acquired for $11,950,000 in 2018, which equates to $240 per buildable SF based on the current application.

February 15, 2026by david.taylor@colliers.com
Development, Office

New James Cheng Design for Revised Waterfront Station Office Tower Proposal

Cadillac Fairview has submitted a new development application to the City of Vancouver for 601 West Cordova Street, currently the surface parking lot between the Waterfront Station building and The Landing.

The site was previously subject of an application for a new office tower in 2020, but did not move forward.

The architect for the resubmission is James Cheng, who also designed The Stack office tower, on Melville Street.

The current proposal calls for a 22-storey office building, stacked to look like a silhouette of a tree and cantilevered over Waterfront Station. Details include:

  • 417,000 SF of office space;
  • a total density of 7.05 FSR;
  • a building height of 416 ft.
  • A public plaza.

Under the site’s existing DD zoning, the application is “conditional” so it may be permitted. However, it requires the decision of the Development Permit Board.

January 30, 2026by david.taylor@colliers.com
Development, Retail

Rental and Condo Towers Pitched For Adjoining Kingsway Sites

Rezoning applications have been submitted for the Regency Toyota site and adjacent property at 401 and 421 Kingsway in the Mount Pleasant area of East Vancouver.

The applications call for a rental tower and condo tower under the guidelines in the Broadway Plan.

Details:

401 Kingsway

  • 12-storey condo building;
  • 100 condo units;
  • 4.4 FSR;
  • 133 ft. building height
  • Auto dealership on main floor.

421 Kingsway

  • 24-storey rental tower (20% below market);
  • 253 units
  • 7.99 FSR density
  • 239 ft. building height

The architect under both applications is StudioOne Architecture.

January 20, 2026by david.taylor@colliers.com
Development, For Sale, Land

FOR SALE BY COURT ORDER: 6-Storey Condo Development Site in Surrey

We are pleased to introduce this 44,111 SF pre-assembled development site on 104A Avenue in the Guildford area of Surrey.

Situated within walking distance of Hawthorne Park, rapid transit options, and Guildford Town Centre, the site is ideally positioned to support the development of 154-unit, 6-storey condo project in a highly sought-after location.

For further information: Land For Sale — 14447, 14445, 14465 & 14475 104A Avenue, Surrey | Canada | Colliers

December 10, 2025by david.taylor@colliers.com
Development, Retail

OpenRoad Planning New 16-Acre Automall in Surrey

OpenRoad Auto Group has submitted an application to the City of Surrey for a new auto mall in the Newton area of Surrey.

The site currently contains a large distribution warehouse and surface parking and loading areas. Significant portions of the site have been cleared but not yet developed. The site is located on 76 Avenue, two blocks West of King George Boulevard.

The plan for the site includes a new auto mall, including:

  • Six bare-land strata lots;
  • Five dealership buildings and one retail building;
  • 1,044 parking stalls
  • 0.24 FAR density

Full rezoning report: https://www.surrey.ca/sites/default/files/planning-reports/PLR_7925-0301-00.pdf

November 28, 2025by 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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