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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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Apartment, Development

New Proposal for 1045 Haro Site Includes Two Rental Towers

Chard Development has submitted their revised rezoning proposal for 1045 Haro Street, a one-acre site in the West End at the Northeast corner of Haro and Thurlow Streets.

The site had previously been proposed for a 55-storey condo tower, but a formal application never proceeded. The site was subsequently sold via a court ordered sale in 2024, when Chard acquired the site.

The new proposal is two rental towers above commercial. The tower heights are 26-storeys and 25-storeys, above an 8-storey podium. Details include:

  • 542 rental units including 22 below-market units;
  • A childcare facility;
  • 26,000 SF of retail space including a grocery anchor;
  • a total density of 10.78 FSR;
  • A building height of 262 ft.

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

The architect for the project is MCM Architects.

August 3, 2025by david.taylor@colliers.com
Apartment, Development, For Sale, Retail

FOR SALE: Fully Leased Kingsway Retail & Apartment Building (PRICE REDUCED: $3,328,000, 4.5% cap rate)

For further information: https://www.collierscanada.com/en-ca/properties/for-sale-fully-leased-retail-and-apartment-building-on-kingsway-new-pricing/can-3155-kingsway-vancouver-bc/can2016373

July 21, 2025by david.taylor@colliers.com
Apartment, Development, Retail

118 Rental Units Proposed for Kerrisdale Site

A development application has been submitted for the Telus utility property at the Southwest corner of West 41st Ave and Maple Street in Kerrisdale.

The application for 2008 West 41st Ave envisions the construction of a new 6-storey rental residential building on this site, along with a new one-storey utility building on the 27,000 SF, C-2 zoned property.

Details include:

  • 118 market rental units;
  • 11,500 SF of ground floor retail space;
  • a total density of 3.70 FSR;
  • a building height of 79 ft.
  • Two levels of underground parking with vehicular access off the lane.

Under the site’s existing C-2 zoning, the application is “conditional” so it may be permitted. However, it requires the decision of the Director of Planning.

The architect for the project is Yamamoto Architecture.

The application can be viewed here: https://www.shapeyourcity.ca/2008-w-41-ave

June 26, 2025by david.taylor@colliers.com
Condo, Development, Rental, Retail

Revised Proposal for Port Moody Site Includes 52 Rental Units above Retail

A revised rezoning application has been submitted for a two-lot land assembly (17,427 SF) at 2805–2811 St. Johns Street in Port Moody.

A previous application from 2023 had anticipated a 6-storey commercial building.

While the site falls within the province’s Transit-Oriented Area (TOA) policy—permitting up to 12 storeys and 4.0 FAR—the applicant aims to achieve 3.84 FAR within only 6-storeys, leading to design challenges due to the site’s limited size and frontage. The proposal does not meet current zoning (CRM-2) requirements for lot size, frontage, or canopy coverage and has not yet fulfilled the City’s Inclusionary Zoning policy for affordable housing.

Development Proposal Summary:

  • Residential Units: 52 total units
    • 6 proposed as below-market rentals (subject to viability review)
    • 100% adaptable units
  • Retail: 15,317 SF
  • Parking: 71 vehicle spaces
    • 33 residential, 10 visitor, 28 commercial
    • 98 bicycle spaces (80 long-term, 18 short-term)
  • Building Height: 6 storeys + rooftop patio

Despite some alignment with broader planning goals, concerns were raised by the Land Use Committee regarding the project’s non-compliance with CRM-2 zoning parameters, limited lot area, lack of sufficient tree canopy coverage, potential traffic impacts on St. Andrews Street, and the bulky building form. Staff also flagged that the proposal would likely require further amendments or acquisition of adjacent parcels to meet design, environmental, and livability expectations. The developer has also requested flexibility on delivering affordable housing, which is under review and subject to third-party verification.

The architect for the project is Mara + Natha Architecture.

June 18, 2025by david.taylor@colliers.com
Apartment, Development, Rental

327 Rental Units Proposed for Bonnis Kingsway Property

A rezoning application has been submitted by Bonnis Properties for a 30, 300 SF site that they own in the 600 block of Kingsway at East 16th Avenue, just West of Fraser Street.

The proposal is to allow for the development of two rental towers with a combined 327 units: a 14-storeys (North Tower) and a 25-storeys (South Tower). Additional details include:

  • 120 market rental units (North Tower) and 207 market rental units (South Tower) with 20% of the total residential floor area for below-market units;
  • 18,000 SF of retail space;
  • a private 20-space childcare facility;
  • a total density of 8.50 FSR;
  • A building height of 167 ft. for the North Tower, and 276 ft. for the South Tower.

This application is being considered under the Broadway Plan.

The architect for the project is Perkins&Will.

The full application can be viewed here: https://rezoning.vancouver.ca/applications/602-644-kingsway-and-603-617-e-16th-ave/application-booklet-1.pdf

May 31, 2025by david.taylor@colliers.com
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David Taylor Personal Real Estate Corporation

Colliers International

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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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