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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Apartment, Development, Retail

6-Storey Condo Switched to 12-Storey Rental for Cambie Lot

A new rezoning application has been submitted for 486 West 26th Avenue a 10,131 SF lot at the Southeast corner of West 26th and Cambie. The application, entitled “Cambie Nexus” proposes a 12‑storey concrete rental residential tower with ground‑floor community‑serving retail.

The site was previously approved for a 6-storey, 29-unit condo project that never moved forward.

Project Snapshot

Key Stats From the Application:

  • Total residential units: 52
  • Unit mix:
    • 27 one‑bedroom
    • 19 two‑bedroom
    • 6 three‑bedroom
  • Density (FSR): 4.91 FSR
  • Building height: 12 storeys (approx. 145’)
  • Parking: 18 off‑street vehicle stalls

The architect for the project is Wilson Chang Architect Inc.

The site was acquired for $11,950,000 in 2018, which equates to $240 per buildable SF based on the current application.

February 15, 2026by david.taylor@colliers.com
Development, For Sale

FOR SALE BY COURT ORDER: Cambie Corridor Townhouse Development Site

Colliers presents the opportunity to acquire a rezoned and pre-assembled 18,750 SF townhouse site on a quiet street.

The site is near DP and BP approval for a 20-unit townhouse project.

Asking Price: $11,500,000

Please contact me for further details and to access the data room.

Listing website

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

GEC Proposing 26-Storey Rental Tower for Cambie & 48th Site

GECC (Global Education Communities) has submitted a rezoning application for a site they own at the corner of Cambie & 48th in Vancouver.

The site was previously rezoned for a 10-storey, 78-unit market rental project, but was then sold in 2024 to GECC by Casey Weeks and Morgan Iannone of Colliers.

Under the new TOA rezoning policy, a new proposal “GEC Langara” has been brought forward to allow for the development of a 26-storey rental building and includes:

  • 182 rental units (20% below market);
  • 1,100 SF of retail space;
  • a total density of 10.24 FSR; and
  • A building height of 261 ft.

The application is being considered under the Transit-Oriented Areas Rezoning Policy and Cambie Corridor Plan. The application requests consideration of density and height in excess of the existing policies.

The 2024 sale at $17,500,000 equates to $111 per buildable SF.

The architect for the project is Urban Solutions Architecture.

The full rezoning can be viewed here: https://rezoning.vancouver.ca/applications/6428-6438-cambie-st-and-480-488-w-48-ave/application-booklet.pdf

February 15, 2025by david.taylor@colliers.com
Apartment, Development, Rental

10-Storey Rental Building Proposed Under New TOA Rezoning Policy

Vittori Developments has submitted an application for a new 10-storey rental building on an assembly of two single family lots on West 27th Avenue, just East of Cambie Street. The combined lot size is 15,000 SF.

The lots are currently designated within the Cambie Corridor Plan for townhouses, but is located within Tier 2 – 400 meters of the King Edward Skytrain Station. Under the TOA rezoning policy, the site is allowed up to 12-storeys, 4.0 FSR.

The proposal for the site contemplates a 10-storey concrete rental apartment building that includes:

  • 63 rental units (20% below market);
    • 27 one-bedroos, 18 two-bedrooms and 18 three-bedrooms;
  • a total density of 4.0 FSR;
  • a building height of 113 ft.
  • 66 underground parking spaces on two levels.

The architect for the project is Raffaele Architecture Inc.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/466-476-w-27-ave

February 1, 2025by david.taylor@colliers.com
Condo, Development

130-Unit Condo Project Slated for Cambie & 27th Block

Aria Pacific Development has submitted a rezoning application for a full city block site at Cambie Street between West 27th and West 28th Avenue in Vancouver.

The 40,444 SF site was acquired in 2022 for $34,000,000 ($284 per buildable SF based on this rezoning application).

The proposal is to allow for the development of a 7-storey concrete condo project that includes:

  • 130 condo units;
    • 51 one-bedrooms, 63 two-bedrooms & 16 three-bedrooms;
  • 10,700 SF of retail space;
  • a total density of 2.96 FSR;
  • A building height of 89 ft. with additional height for rooftop amenity space.

This application is being considered under the Cambie Corridor Plan.

The architect for the project is Rafii Architects Inc.

The application explains the rationale for not pursuing 12-storeys, 4.0 FSR in the TOA Rezoning Policy.

The site is located in the Tier 2 radius of the King Edward Canada Line transit station. It will allow a 12-storey building height and 4 FSR, rather than the 6-storey and 2.5 FSR guideline under the current zoning. Since there are numerous uncertainties associated with the proposed changes, this application is being submitted under the current zoning and design guidelines. However, some relaxations are being proposed.

January 19, 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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