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, Rental

Infill Condo Tower Proposed for West Vancouver Apartment Property

Wall Financial has submitted a preliminary development proposal for a property they own, known as ‘Peter Wall Ambleside’ at 1552 Esquimalt Avenue in the Ambleside area of West Vancouver.

The proposal is the latest iteration of several proposals to densify the 1.90 acre site over the years, beginning as far back as 2016. Previous plans included new rental infill but the most recent version was placed on hold pending the outcome of the Ambleside Local Area Plan.

The existing 20-storey apartment building was constructed in 1969 and contains 185 rental units. It is located on the east portion of the site.

The new application envisions a 19-storey condo building (secured as rental units for the first 6 years). Details include:

  • 139 condo units (secured as rental for a 6-year term)
    • 68 one bedrooms
    • 68 two-bedrooms
    • 3 townhouse units
  • a total density of 3.0 FSR across the entire site.

The architects for the project are JOG Architecture and Chris Doray.

May 29, 2025by david.taylor@colliers.com
Apartment, Development, Rental

116 Rental Units Planned for Telus Site in East Vancouver

Ledcor has applied on behalf of Telus for the rezoning and redevelopment of an existing Telus owned property at 6486 Chester Street in East Vancouver. The site is an existing infrastructure site for Telus, one of several proposed for residential redevelopment.

The proposal is to allow for the development of a 6-storey rental project that includes:

  • 116 rental units;
  • a telecommunications facility on the northeast corner of the site;
  • a total density of 2.89 FSR;
  • A building height of 73 ft.

This application is being considered under the Secured Rental Policy.

The architect for the project is Yamamoto Architecture.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/6486-chester-st

May 16, 2025by david.taylor@colliers.com
Development, Market Research

West Vancouver Finalizes Ambleside Centre Local Area Plan

The District of West Vancouver has given first reading to a final draft of the Ambleside Centre Local Area Plan (LAP).

The Ambleside LAP has been in the works since early 2022, and has gone through multiple rounds of public engagement and refinement by planning staff. The affected area is generally along Marine Drive from 13th to 18th Streets.

Here are the recommended land use policies:

  • Zoning updates to allow 3-4 storeys on most lots in the LAP, including on small lots
  • Five sites designated ‘Waterfront’ along Bellevue West of 15th allowing taller forms through rezoning
  • Four sites along parts of Clyde and Duchess allowing taller forms through rezoning

The LAP will go for public hearing in June and if approved, would form part of the OCP shortly thereafter.

A presentation on the Ambleside LAP can be viewed here: https://westvancouver.ca/media/6103

May 13, 2025by david.taylor@colliers.com
Development, For Sale

FOR SALE BY COURT ORDER: Cambie Corridor Townhouse Development Site

Colliers presents the opportunity to acquire a rezoned and pre-assembled 18,750 SF townhouse site on a quiet street.

The site is near DP and BP approval for a 20-unit townhouse project.

Asking Price: $11,500,000

Please contact me for further details and to access the data room.

Listing website

May 7, 2025by david.taylor@colliers.com
Apartment, Development, Rental

162 Rental Units Proposed for Broadway Plan Site

Sightline Properties has submitted a rezoning application for a site at 1125 West 10th Avenue in the Fairview neighbourhood of the Broadway Plan. The site is 100′ x 125′.

The proposal is to allow for the development of a 21-storey rental building that includes:

  • 162 units with 20% of the floor area for below-market units;
  • 1,900 SF of retail space on the ground floor;
  • a total density of 9.06 FSR;
  • a building height of 224 ft. with additional height for rooftop amenity space.

This application is being considered under the Broadway Plan.

The architect for the project is Ciccozzi Architecture.

The full application can be viewed here: https://www.shapeyourcity.ca/1125-w-10-ave

April 23, 2025by 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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