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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Development, Rental

Proposal for 32-Storey Rental Tower in West End Includes 20% Below Market Units

The Boxer Group of Companies has applied to the City of Vancouver to rezone a site at 1031-1039 Burnaby Street in the West End for a market and below market rental tower.

The proposal is to allow for the development of a 32-storey rental residential building with a six-storey podium and includes:

  • 329 units;
  • 60-below market rental units for the VRS Communities Society;
  • a total density of 12.23 FSR;
  • A building height of 296 ft. with additional height for rooftop amenity space.

This application is being considered under the West End Community Plan.

The architect for the project is Urban Solutions Architecture.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/1031-1039-burnaby

November 28, 2025by david.taylor@colliers.com
Apartment, Development, Rental

90-Unit Rental Apartment Building Proposed for Lower Lonsdale Site

A rezoning application has been submitted to the City of North Vancouver for a site in the Lower Lonsdale area for a new market rental apartment building.

The site at 341-347 West 4th Street is located mid-block between Forbes and Mahon Avenue, West of Lonsdale. The plan for the 8,391 SF site is for a new 6-storey rental building, that includes:

  • 69 rental units;
    • 25 studio units;
    • 20 one-bed units;
    • 24 three-bed units
  • a total density of 2.60 FSR.

The architect for the project is Gradual Architecture.

November 28, 2025by david.taylor@colliers.com
Apartment, Development, Hotel

44-Storey Hotel & Rental Tower Proposed for Surrey City Centre Site

RBI Group has submitted a rezoning application to the City of Surrey for a 14,360 SF site on the south side of 97A Avenue, between 136A Street and 137 Street, in the Medical District of the City Centre Plan.

The site is designated Downtown in the Official Community Plan (OCP) and Employment in the City Centre Plan, and is zoned Neighbourhood Commercial Zone (C-5) and Urban Residential Zone (R3).

The proposal for the site is a 44-storey hotel and rental tower that includes:

  • 266 hotel rooms;
  • 180 rental units;
  • a total density of 18.9 FAR;
  • a building height of 479 ft.;
  • 142 parking stalls.

The architect for the project is Group 161/DF Architecture.

November 7, 2025by david.taylor@colliers.com
Apartment, Development, Retail

Edgemont Village Chevron Site Proposed for 4-Storey Development

Kevington Building Corp. has submitted a rezoning application for the Chevron site at 3150 Edgemont Boulevard in the Edgemont Village area of North Vancouver.

The 12,000 SF site was acquired by Kevington for $5,900,000 as part of a portfolio of gas stations sold by Parkland Corporation, through Colliers, in 2024.

The preliminary plan for the site includes a 4-storey building with:

  • 33 residential units;
  • 6,400 SF of commercial space;
  • an underground parkade with 39 stalls.
  • a total density of 3.29 FAR.
November 7, 2025by david.taylor@colliers.com
Development

1,400 Unit Student Housing Development Proposed Near SFU

Forum Asset Management has submitted a preliminary for a large-scale, multi-phase student housing project on the Eastern border of Burnaby, at the bottom of the hill below SFU.

The 3.7 acre site is an assembly of 16 single family lots on the East side of Rathburn Drive at Broadway. It is designated in the Burnaby 2050 Official Community Plan Draft as Mid Rise Apartment 1, which supports mid-rise residential apartment buildings of up to 12 storeys.

The preliminary proposal for the site calls for four terraced buildings, up to 16-storeys, and includes:

  • 950 student housing units
  • 450 market rental units
  • Two phases

The architect for the project is Gensler.

October 24, 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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