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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Development, Hotel

26-Storey Hotel Proposed at Oak & 12th

Marquee Group has submitted their rezoning application for the site they own at 2777 Oak Street; at the Northwest corner of Oak and West 12th, just West of Vancouver General Hospital. The proposal calls for a 26-storey hotel tower under the Broadway Plan and Transit-Oriented Areas Rezoning Policy.

Key stats:

  • 314 hotel rooms
    • 160 short term stay, 154 long term stay
  • 12.4 FSR
  • 308 ft in building height

Ground-floor commercial space is included in the proposal.

The project architect is B+H Architects.

April 22, 2026by david.taylor@colliers.com
Development, Hotel, Rental

Hotel & Rental Tower Slated for Yaletown Corner Site

Nonni Property Group has submitted their rezoning application for the 15,714 SF site that they own at 888-896 Cambie Street, at the Northeast corner of Cambie and Smithe on the edge of Yaletown and Downtown.

The proposal is to allow for the development of a 29-storey hotel and rental building, that includes:

  • 165 rental units (on the 14th to 29th floors);
  • 246 hotel rooms (on the 1st to 13th floors);
  • Façade retention of heritage building at 888 Cambie St;
  • a total density of 19.77 FSR;
  • A building height of 285 ft.

This application is being considered under the Downtown Official Development Plan and Rezoning Policy for the Central Business District (CBD) and CBD Shoulder.

The architect for the project is McKinley Studios.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/888-896-cambie-st

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, Hotel

29-Storey Hotel Proposed for West End Site

Marcon has submitted a rezoning application for 2030-2038 Barclay Street in the West End. The site is currently a 4-storey extended stay hotel property called Rosellen Suites.

The site was previously approved for a 10-storey, 19-unit condo project under the existing RM-5B zoning.

The new proposal is to allow for the development of a 29-storey hotel and long-term stay building and includes:

  • 292 units;
    • 65 short term stay rooms & 227 serviced apartments;
  • 2,800 SF of restaurant space;
  • a total density of 14.7 FSR; and
  • A building height of 329 ft.

The architect for the project is Henriquez Partners.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/2030-2038-barclay-st

November 4, 2024by david.taylor@colliers.com
Condo, Development, Hotel, Retail

New Westminster Condo/Hotel Project Moving Forward

Reliance Properties has submitted a rezoning and development permit application for their 811 Carnarvon project in Downtown New Westminster.

The 48,000 SF site is located at the corner of Carnarvon Street and Eighth Street. A pre-application for the site was made in 2018.

The proposed development for the site is a mixed-use condo, hotel project with retail along Eighth and Carnarvon frontages. Details include:

  • 44-storey condo tower;
  • 8-storey hotel;
  • 469 condo units;
  • 145 hotel rooms;
  • 11,000 SF of retail space;
  • 2,000 SF dog park;
  • a total density of 9.62 FSR;
  • a tower height of 493 ft.;
  • 407 underground parking stalls.

The architect for the project is Yamamoto Architecture.

March 21, 2024by 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

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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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