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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Apartment, Development, Rental

Latest Broadway Plan Tower Application is for 127 Units at East 14th & Prince Edward

The latest Broadway Plan rezoning application is for an 18-storey tower at 360 East 14th Avenue in the Mount Pleasant area of East Vancouver.

The site is located just West of Mount Saint Joseph Hospital. The plan for the site includes:

  • 137 units with 20% of the floor area for below-market rental units;
  • a total density of 6.50 FSR;
  • A building height of 186 ft.

This application is being considered under the Broadway Plan.

The architect for the project is Stuart Howard.

The full application can be viewed here: https://www.shapeyourcity.ca/360-e-14-ave

April 21, 2025by david.taylor@colliers.com
Condo, Development

14-Storey Condo Building Pitched for Oak & King Edward

Westbank has submitted a rezoning application for the Esso Station at the Southwest corner of Oak Street and West King Edward Street in Vancouver.

The 11,328 SF site at 1010 West King Edward is currently zoned C-2, which allows up to 6-storeys for rental, or 4-storeys for condo. The Cambie Corridor Plan allows up to 6-storeys for condo and 3.0 FSR.

The proposal is to allow for a 14-storey condo building that includes:

  • 85 condo units;
    • 34 one-bedrooms, 36 two-bedrooms & 15 three-bedrooms;
  • 800 SF of retail space on the ground floor;
  • a total density of 8.0 FSR;
  • A building height of 143 ft.
  • 106 underground parking stalls.

This application is being considered under the Cambie Corridor Plan.

The architect for the project is Olson Kundig, who also designed Wesgroup’s condo project “W16” at West 16th and Cambie Street.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/1010-w-king-edward

March 26, 2025by david.taylor@colliers.com
Development, For Sale, Land

FOR SALE: Burnaby Woodframe Development Site

Charlie Hughes and I are pleased to introduce this 54,450 SF woodframe development site in the Royal Oak area of Burnaby.

For further information: https://www.collierscanada.com/en-ca/properties/for-sale-54450-sf-woodframe-development-site-in-burnaby/can-6229-6311-denbigh-avenue-burnaby-british-columbia/can2017347

February 24, 2025by david.taylor@colliers.com
Condo, Development

Tower 4 at Onni’s Gilmore Place Revised from Office to Residential

Onni has submitted a rezoning application for the next phase of their Gilmore Place project in the Brentwood area of Burnaby. The first two condo towers have received occupancy in 2024. The first phase includes three towers.

Phase 2 of the project also includes three towers. The first tower of this phase was originally envisioned as a highrise office tower, but has now been revised to residential.

Onni is proposing to deliver the non-market inclusionary units envisioned in the second and third phase in Tower 4, originally envisioned as a 30-storey office tower, and now a 65-storey, 759 unit residential tower.

The revised proposal for Tower 4 includes:

  • 509 condo units;
  • 250 non-market rental units;
  • a 2-storey commercial podium;
  • a 7-level parkade that will serve all of Phase 2 (three towers).
February 21, 2025by david.taylor@colliers.com
Development, Rental

North Van Proposal Revised for 429 Rental Units

Fairborne Homes has revised their proposal for the 2.4 acre site at 1510 – 1530 Crown Street and 440 Mountain Highway (formerly the Dykhoff Nursery site) in the Lynn Creek area of North Vancouver.

The site was previously rezoned in 2022 to allow for a project with a 24-storey, 205-unit condo tower with 215 rental units in a concrete midrise.

The revised proposal includes:

  • 429 rental units including 45 below market;
  • 25,865 SF of commercial space;
  • reduced underground parkade

The architect for the project is Arcadis Architecture.

February 15, 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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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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