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, 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
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
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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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