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

28 Rental Units Proposed for SW Marine Drive Site

A rezoning application has been submitted to the City of Vancouver that would allow a new rental townhouse development on a one-acre single family lot at 1890 SW Marine Drive in Vancouver.

The site is currently improved with a newer 4,300 SF house with a pool and tennis court. The house was built in just 2005. It most recently sold in 2017 for $10,500,000.

The zoning would change from RS-1 to CD-1. The proposal includes:

  • 28 secured market rental units;
  • A total density of 0.73 FSR;
  • Building heights of 41 ft.; and
  • 24 underground vehicle parking spaces and 68 bicycle parking spaces

The application is being considered under the Affordable Housing Choices Interim Rezoning Policy.

The architect for the project is Stuart Howard.

September 17, 2022by david.taylor@colliers.com
Apartment, Development

57-Unit Rental Building Proposed for Central Lonsdale

A rezoning application has been submitted for an existing apartment property at 124 West 20th Avenue in the City of North Vancouver.

The proposal seeks to replace an aging 22-unit rental apartment building with a new 6-storey rental apartment building.

The property is located in the Central Lonsdale area, along the north side of West 20th Street, between Lonsdale Avenue to the east and Chesterfield Avenue to the west. The site is designated Residential Level 5 (R5) in the OCP. It supports a maximum density of 2.60 FSR (including 1.0 bonus FSR for purpose built rental housing).

The proposal for the site includes:

  • 57 rental apartment units;
    • 5 studios, 23 one-bedrooms, 22 two-bedrooms & 7 three-bedrooms;
  • a total density of 2.59 FSR;
  • 53 parking stalls.

The architect for the project is RLA Architects.

June 10, 2022by david.taylor@colliers.com
Apartment, Development, Retail

128-Unit Rental Building Proposed for Downtown Site

A rezoning application has been submitted by Pacific Reach Properties for a site they own at 314-328 West Hastings Street in Downtown Vancouver.

The site is currently comprised of three older lowrise commercial buildings.

The proposal is to allow for the development of a 12-storey mixed-use, rental apartment building that includes:

  • 128 market rental units;
    • 87 studios, 5 one-bedrooms, 15 two-bedrooms & 21 three-bedrooms;
  • 4,300 SF of retail space at grade;
  • A total density of 8.16 FSR;
  • A building height of 105 ft.;
  • 8 vehicle parking spaces and 279 bicycle parking spaces.

The application is being considered under the Downtown Eastside Plan and the Rezoning Policy for the Downtown Eastside.

The architect for the project is Pacific Atelier Architecture.

June 1, 2022by david.taylor@colliers.com
Apartment, Development, Retail

33-Unit Rental Building Slated for East Van Site

A rezoning application has been submitted for a long-vacant property at the Southeast corner of Clark Drive and East 12th Avenue in East Vancouver.

The proposal for 1302-1318 East 12th Avenue is to allow for the development of a 6-storey mixed-use building that includes:

  • 33 rental units;
  • 4,600 SF of retail space;
  • a total density of 3.0 FSR;
  • A building height of 66 ft;
  • 29 vehicle parking spaces and 56 bicycle parking spaces.

The application is being considered under the Grandview-Woodland Community Plan.

May 30, 2022by david.taylor@colliers.com
Apartment, Development

16-Storey Rental Building Planned for West End Site

A rezoning application has been submitted by Gracorp for a site at 1045 Burnaby Street in the West End area of Downtown Vancouver.

The site is currently occupied by an older lowrise 37-unit condo building.

The proposal is for a 16-storey rental building that includes:

  • 170 rental units;
    • 133 market rental units and 37 below market rental units;
  • A total density of 6.19 FSR;
  • A floor area of 107,050 sq. ft.;
  • A building height of 159 ft.;
  • 52 vehicle parking spaces and 317 bicycle parking spaces.

The application is being considered under the Criteria for 100% Secured Rental and Below-Market Housing as an Alternative to Inclusionary Social Housing in the Burrard Corridor of the West End Community Plan.

Gracorp acquired the site in 2021 for $28,830,000 or $269 per buildable SF based on the application.

May 24, 2022by 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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