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, Rental

90-Unit Rental Apartment Building Proposed for Lower Lonsdale Site

A rezoning application has been submitted to the City of North Vancouver for a site in the Lower Lonsdale area for a new market rental apartment building.

The site at 341-347 West 4th Street is located mid-block between Forbes and Mahon Avenue, West of Lonsdale. The plan for the 8,391 SF site is for a new 6-storey rental building, that includes:

  • 69 rental units;
    • 25 studio units;
    • 20 one-bed units;
    • 24 three-bed units
  • a total density of 2.60 FSR.

The architect for the project is Gradual Architecture.

November 28, 2025by david.taylor@colliers.com
Apartment, Condo, Rental, Retail

Polygon Planning 408 Units for Lynn Valley Site

Polygon Development has submitted a rezoning application to the District of North Vancouver for a 3.5 acre site they own in the Lynn Valley Town Centre area.

The site is a combination of two properties:

  • 1246-1268 Lynn Valley Road is currently occupied by two-storey strip mall.
  • 3050-3174 Baird Road is currently occupied by Draycott Gardens, a 32-unit rental townhouse complex built in 1972.

The OCP designation for the site is: Residential Level 5: Low Density Apartment and Residential Level 6: Medium Density Apartment.

The rezoning application proposes four 6-storey buildings that include:

  • 408 total units;
  • 64 rental units (including 32 replacement rental units);
  • 344 condo units;
  • 27,000 SF of commercial space;
  • Two levels of underground parking with 450 stalls.
  • A total density of 2.50 FSR.

An overview of the proposal can be viewed here:

The site was acquired for a combined value of $59,400,000 in 2021.

November 7, 2025by david.taylor@colliers.com
Development, Rental

Cressey Planning 280 Rental & Social Housing Units at Commercial & Pender

Cressey has submitted a rezoning application for a site at the Northwest corner of Commercial Drive and East Pender Street in the Grandview Woodlands area of East Vancouver for a new residential development. The project is a partnership with the Kettle Society.

The 25,000 SF site is currently zoned MC-1 Industrial and is occupied by two older lowrise commercial buildings.

The proposal is for a 22-storey rental tower and 6-storey social housing lowrise and includes:

  • 239 market rental units;
  • 41 social housing units;
  • a new drop in centre for Kettle Society (currently at 1725 Venables)
  • a total density of 7.90 FSR.

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

The architect for the project is DYS Architecture.

October 20, 2025by david.taylor@colliers.com
Development, Rental, Retail

GWL Proposing Two Towers, 470 Rental Units for False Creek Flats Site

GWL has submitted their formal rezoning application for 1220 Station Street, following a formal announcement earlier this year that they were pivoting from the previously approved office building proposal. GWL acquired the site from Rize Alliance.

The current proposal is two rental towers, 36 & 28-storeys, as well as retail, office, and residential uses in an an 8-storey podium. Overall, the proposal includes:

  • 470 units with 20% of the floor area for below-market rental units;
  • a total density of 11.1 FSR;
  • A building height of 287 ft. and 360 ft.

This application is being considered under the False Creek Flats Plan and the Transit-Oriented Areas Rezoning Policy.

The architect for the project is MCM.

The full application can be viewed here: https://www.shapeyourcity.ca/1220-station-st

October 3, 2025by david.taylor@colliers.com
Development, Rental

Nicola Proposing 22-Storey Rental Tower for False Creek Flats Site

Nicola Real Estate has submitted a rezoning application for a site that they recently acquired in foreclosure at 304-316 East 1st Avenue at Scotia Street.

The proposal is to allow for the development of a 22-storey rental tower with a 2-storey podium and includes:

  • 181 units with 20% of the floor area for below-market rental units;
  • 3,742 SF of retail space;
  • 13,341 SF of office space;
  • a total density of 9.80 FSR;
  • A building height of 232 ft.

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

The architect for the project is MCM.

The full application can be viewed here: https://rezoning.vancouver.ca/applications/304-316-e-1-ave/application-booklet.pdf

October 3, 2025by david.taylor@colliers.com
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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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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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