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, Retail

Victoria Drive Retail/Apartment Building Sold

A 2-storey retail and apartment building at 5853-5857 Victoria Drive, at East 43rd Avenue in East Vancouver has sold.

Details:

  • Building Size: 3,082 SF
  • Lot Size: 3,643 SF
  • 2 retail units (local restaurant & pharmacy) + 2 one-bedroom apartment units
  • Purchase Price: $2,639,000
  • $/SF Building: $856/SF
  • Cap Rate: Approx. 4%

The property had been listed with RE/MAX City Realty with a list price of $2,790,000.

October 30, 2025by david.taylor@colliers.com
For Sale, Retail

Cambie Street Retail Building Sells for 5.6% Cap Rate

The Vij’s Restaurant property on Cambie Street has sold. The single tenant retail property had been on the market for several months and sold to a local investor.

Details:

  • Single tenant: Vij’s
  • Triple net lease
  • Lease expiry 2030 w/renewal options
  • 6,879 SF rentable
  • 4,937 SF site
  • $7,450,000
  • 5.60% cap rate
  • $1,083/SF

The building was listed and sold by Brett Aura of TRG. The original asking price was $7,988,000.

October 20, 2025by david.taylor@colliers.com
For Sale, Office

Surrey Medical Office Building Sells in $13 Million Deal

A 3-storey medical office building known as Fleetwood Professsional Centre has sold. The property is located at 16088 84th Avenue in the Fleetwood area of Surrey.

Details:

  • 28,074 SF
  • Year Built: 1994
  • 84 surface parking spaces
  • Price: $13,000,000
  • $463/SF

The property was sold by Nicholas Westlake of CBRE.

October 20, 2025by david.taylor@colliers.com
For Sale, Office

Allied REIT Completes Acquisition of M4 Office Building in Mount Pleasant

Allied Properties REIT has announced the completion of the remaining 50% interest in M4 of Main Alley Campus in Mount Pleasant from Westbank.

Details:

  • Building Size: 208,000 SF (167,000 SF office, 38,000 SF industrial)
  • Year Built: 2025
  • 50% Interest
  • Purchase Price: $89,700,000
  • $863/SF

The sale was negotiated in July and completed September 30.

October 20, 2025by david.taylor@colliers.com
Apartment, Investment

West End Apartment Building Trades in $12.3 Million Deal

A 10-storey concrete apartment building in the West End has sold. 1222 Pendrell Street has sold for $12,300,000, or $286,000 per unit. The 43-unit building was built in 1972.

The building contains 41 one-bedroom units and 2 two-bedroom units.

  • 43 Units
    • 41 one-bedrooms, 2 two-bedrooms
  • Avg. Market Rent $3.91/SF
  • Assessment Value: $18,838,000
  • Asking Price: $15,000,000
  • Notes: “Major capital upgrades required”

The property was listed and sold by Avison Young.

October 3, 2025by david.taylor@colliers.com
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David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

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11 May

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16 Apr

First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion

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16 Apr

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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16 Apr

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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