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.
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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Development

City of Burnaby Finalizes Official Community Plan, Targest December 2025 Final Adoption

The City of Burnaby adopted the final draft version of their updated Official Community Plan, to be forwarded to public hearing and final adoption this fall.

The final version of the OCP is the culmination of a multi-year process that was most recently accelerated by the new Provincial legislation.

The final draft of the OCP can be viewed here:

https://pub-burnaby.escribemeetings.com/filestream.ashx?DocumentId=83303

The approval process:

The new OCP arrives concurrently with Burnaby’s new ‘Height Based Zoning Framework’ which removes the previous rezoning designations and replaces them with a new height based model.

Implications for rezoning and property values remain to be seen, but the new framework is expected to create more transparency in the overall process.

September 16, 2025by david.taylor@colliers.com
For Sale, Land, Office

SOLD: 3030 Gilmore, Burnaby

I’m pleased to announce the sale of 3030 Gilmore Diversion in Burnaby. This 47,000 SF office building is located on a 1.5 acre site.

The sale price was $16,200,000.

April 6, 2025by david.taylor@colliers.com
Development, For Sale, Land

FOR SALE: Burnaby Woodframe Development Site

Charlie Hughes and I are pleased to introduce this 54,450 SF woodframe development site in the Royal Oak area of Burnaby.

For further information: https://www.collierscanada.com/en-ca/properties/for-sale-54450-sf-woodframe-development-site-in-burnaby/can-6229-6311-denbigh-avenue-burnaby-british-columbia/can2017347

February 24, 2025by david.taylor@colliers.com
Condo, Development

Tower 4 at Onni’s Gilmore Place Revised from Office to Residential

Onni has submitted a rezoning application for the next phase of their Gilmore Place project in the Brentwood area of Burnaby. The first two condo towers have received occupancy in 2024. The first phase includes three towers.

Phase 2 of the project also includes three towers. The first tower of this phase was originally envisioned as a highrise office tower, but has now been revised to residential.

Onni is proposing to deliver the non-market inclusionary units envisioned in the second and third phase in Tower 4, originally envisioned as a 30-storey office tower, and now a 65-storey, 759 unit residential tower.

The revised proposal for Tower 4 includes:

  • 509 condo units;
  • 250 non-market rental units;
  • a 2-storey commercial podium;
  • a 7-level parkade that will serve all of Phase 2 (three towers).
February 21, 2025by david.taylor@colliers.com
Condo, Development, Land, Rental

FOR SALE: Burnaby Woodframe Development Site

Charlie Hughes and I are pleased to introduce this 12,508 SF woodframe development site in the Edmonds area of Burnaby.

The site is located within the Edmonds Community Plan area which is expected to be finalized by Burnaby City Council in Spring 2025.

Please view our brochure for more information:

BRO_6449-6461 ELWELL STREET_BURNABYDownload
January 21, 2025by david.taylor@colliers.com
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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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