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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Condo, Development, Retail

Condo/Hotel Project Planned for Cambie Site

Wall Financial has submitted a rezoning application for a full-block site at Cambie & 43rd.

The 31,692 SF site at 5910-5962 Cambie Street is currently zoned RT-2 but was redesignated for highrise development in the Cambie Corridor Plan.

The proposal consists of a mixed-use development with a 29-storey market residential tower and a 15-storey hotel tower over a 5-storey podium, with retail.

The proposal includes:

  • 168 condo units;
    • 94 one-bedrooms & 74 two-bedrooms;
  • 270 hotel rooms;
  • 4,383 SF of retail at grade;
  • a total density of 10.86 FSR;
  • a maximum building height of 278 ft.; and
  • 281 underground vehicle parking spaces and 377 bicycle spaces.

The application is being considered under the Cambie Corridor Plan.

The architect for the project is Perkins + Will.

February 4, 2020by david.taylor@colliers.com
Apartment, Condo, Development, Office, Retail

FOR SALE: 14-Acre Mixed-use /Residential Development Site

We are pleased to present this 14-acre residential/mixed-use development site in Burnaby, located adjacent the Sperling-Burnaby Lake Station.

Please download our brochure for further information about the Property.

January 24, 2020by david.taylor@colliers.com
Apartment, Development, Retail

31-Units Planned for Kingsway in Latest Rental Rezoning

Tatla Developments has submitted a rezoning application for a mid-block site on Kingsway in the latest rental application for the area. The 9,076 SF site is located at 1247 Kingsway, in between Inverness Street and Clark Drive.

The zoning for the site is currently C-2, but the rezoning application proposes:

  • 31 market rental units;
    • 15 studio units, 12 two bedrooms & 4 three-bedrooms;
  • 3,800 SF of retail space;
  • a total density of 3.60 FSR;
  • a building height of 70 ft; and
  • 16 underground parking stalls and 100 bike spaces.

The application is being considered under the Secured Market Rental Housing (Rental 100) Policy.

The architect for the project is Stuart Howard.

December 23, 2019by david.taylor@colliers.com
Condo, Development, Office, Retail

10-Storey Mixed Use Building Planned for Cambie & 49th

A rezoning application has been submitted by Gryphon Development for a site at the Northwest corner of Cambie and West 49th Avenue, across the street from the Langara/49th Skytrain Station.

The 36,720 SF site at 6409-6487 Cambie Street is currently zoned for duplexes, but was redesignated to allow medium density development.

The proposal consists of a 10-storey mixed-use building over two levels of underground parking with:

  • 127 condo units;
    • 21 studios, 36 one-bedrooms, 53 two-bedrooms & 17 three-bedrooms;
  • 10,688 SF of retail space;
  • 27,286 SF of office space on the 2nd and 3rd floors;
  • a 37-space childcare facility on level two;
  • A building height of 131 ft.;
  • A total density of 4.09 FSR; and
  • 163 underground parking spaces and 306 Class A bicycle spaces.

The application is being considered under the Cambie Corridor Plan.

Gryphon acquired the site in 2018 for $59,950,000, or $535 per buildable SF based on the application.

The architect for the project is Acton Ostry Architects.

December 17, 2019by david.taylor@colliers.com
Development, Office, Retail

Reliance Planning 445,000 SF, 29-Storey Office Tower at Seymour and Pender

Reliance Properties has now submitted their application to rezone the Seymour parkade site at 443 Seymour Street (NW corner of Seymour and Pender) to allow for a 29-storey office building.

The proposal includes:

  • 430,000 SF of office space;
  • 15,000 SF of retail space;
  • a total density of 22.9 FSR;
  • 8 levels of underground parking containing 201 parking spaces, 5 passenger spaces, 6 Class A loading spaces, 2 Class B loading spaces, and 246 bicycle spaces
  • Building height of 337.5 ft.

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

Reliance Properties bought the site in 2019 for $100,000,000 USD, or $295 per buildable SF based on the application.

The architect for the project is KPF Architects.

The full rezoning application can be viewed here: https://rezoning.vancouver.ca/applications/443seymour601wpender/index.htm

December 2, 2019by 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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