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

West End Apartment Midrise Sells in $14M Deal

1281 Broughton Street, a 31-unit building in the West End, has been sold by Reliance Properties to CAP REIT in a deal valued at $13,953,000, or $450,000 per unit.

The building is located on the Southwest corner of Broughton & Burnaby Street in the West End. The 8-storey concrete building was built in 1959 all all corner units with hardwood flooring. The building has laundry, storage, and some parking.

Details:

Lot size: 8,650 SF

Unit TypeNo.      Average Unit Size (Sq. Ft.)
   One Bedroom 27      727
   One Bedroom Penthouse  1      915
   Two Bedroom  2      910
   Two Bedroom Penthouse  1      955
Total 31

The asking price for the property had been $15,900,000.

The property was listed and sold by CBRE.

Building rental listing “Twelve81”: https://www.capreit.ca/apartments-for-rent/vancouver-bc/the-twelve81/

September 5, 2025by david.taylor@colliers.com
Apartment, Development, Retail

Student Housing Tower Proposed for Goh Ballet Site at 8th & Main

Goh Ballet Academy has submitted a rezoning application for the small corner site they currently own and operate at 2345 Main Street, at the Northwest corner of West 8th and Main in Mount Pleasant.

The existing building was formerly a Royal Bank building, built in 1912 that Goh Ballet took over in 1985. The site is 62′ x 100′ and is on the heritage register.

The site is located in the Main Street Village Area A subarea of the Broadway Plan, which enables the development of retail/service, office, residential, and cultural uses up to 6 storeys and 3 FSR. The retention of heritage assets and development of cultural spaces can enable additional building heights up to 8-9 storeys. The proposal is seeking relaxations due to its proximity to the upcoming Broadway Line Station.

The proposal calls for a redevelopment of the 6,181 SF site with a 26-storey student housing tower that includes:

  • 344 student housing units;
  • 1,500 SF of ground floor retail space;
  • 3 levels of underground cultural spaces (expansion of Goh Ballet);
  • a total density of 23.0 FSR;
  • A building height of 343 ft. with additional height for rooftop amenity space; and
  • Retention of the Royal Bank Heritage Building (Vancouver Heritage Register).

This application is being considered under the Broadway Plan and requests consideration of density and height in excess of the existing policy.

The architect for the project is Align Architecture.

The full application can be viewed here: https://www.shapeyourcity.ca/2345-2349-main-st

August 10, 2025by david.taylor@colliers.com
Apartment, Development

New Proposal for 1045 Haro Site Includes Two Rental Towers

Chard Development has submitted their revised rezoning proposal for 1045 Haro Street, a one-acre site in the West End at the Northeast corner of Haro and Thurlow Streets.

The site had previously been proposed for a 55-storey condo tower, but a formal application never proceeded. The site was subsequently sold via a court ordered sale in 2024, when Chard acquired the site.

The new proposal is two rental towers above commercial. The tower heights are 26-storeys and 25-storeys, above an 8-storey podium. Details include:

  • 542 rental units including 22 below-market units;
  • A childcare facility;
  • 26,000 SF of retail space including a grocery anchor;
  • a total density of 10.78 FSR;
  • A building height of 262 ft.

This application is being considered under the West End Community Plan.

The architect for the project is MCM Architects.

August 3, 2025by david.taylor@colliers.com
Apartment, Development, For Sale, Retail

FOR SALE: Fully Leased Kingsway Retail & Apartment Building (PRICE REDUCED: $3,328,000, 4.5% cap rate)

For further information: https://www.collierscanada.com/en-ca/properties/for-sale-fully-leased-retail-and-apartment-building-on-kingsway-new-pricing/can-3155-kingsway-vancouver-bc/can2016373

July 21, 2025by david.taylor@colliers.com
Apartment, Development, Retail

118 Rental Units Proposed for Kerrisdale Site

A development application has been submitted for the Telus utility property at the Southwest corner of West 41st Ave and Maple Street in Kerrisdale.

The application for 2008 West 41st Ave envisions the construction of a new 6-storey rental residential building on this site, along with a new one-storey utility building on the 27,000 SF, C-2 zoned property.

Details include:

  • 118 market rental units;
  • 11,500 SF of ground floor retail space;
  • a total density of 3.70 FSR;
  • a building height of 79 ft.
  • Two levels of underground parking with vehicular access off the lane.

Under the site’s existing C-2 zoning, the application is “conditional” so it may be permitted. However, it requires the decision of the Director of Planning.

The architect for the project is Yamamoto Architecture.

The application can be viewed here: https://www.shapeyourcity.ca/2008-w-41-ave

June 26, 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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