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, Market Research

Cambie Corridor Condo Resales Snapshot

The above chart excludes townhouse and duplex sales.

January 28, 2020by david.taylor@colliers.com
Condo, Development

Onni Set to Rezone Second Phase of Gilmore Place

Onni has submitted a rezoning application for the residential portion of Phase 2 of it’s Gilmore Place project. Phase 1 of the project included three residential towers at the Northwest corner of the site, now under construction; Phase 2 also includes an office tower which is in the rezoning stage. There will be four phases in total.

Phase 2 of the project is located along Dawson Street just east of the Gilmore Skytrain Station. This phase includes:

  • two residential highrises of 50-storeys and 43-storeys;
  • 1,012 total condo units;
  • a common underground parkade;
  • a common podium.
January 24, 2020by david.taylor@colliers.com
Development

210-Units Planned for Port Moody Site

An Official Community Plan amendment and rezoning application has been submitted to the City of Port Moody for a new development with two buildings containing a combined total of 210 residential units.

The 1.35 acre site is configured in an “L” shape and consists of six lots located at 3101 & 3103 St. Johns Street, as well as 3104-3112 St. George Street at the corner of Buller Street and just west of Moody Middle School. Each of the subject lots is currently occupied with either a single family home, duplex, or quad-plex.

Details of the proposed development include:

  • 210 total residential units in two buildings (120 & 90 units);
    • 157 condo units;
    • 32 market rental units;
    • 21 below-market rental units;
    • 2 studios, 145 one-bedrooms, 54 two-bedrooms & 9 three bedrooms;
  • 9,331 SF of commercial space (intended for daycare use) on the ground floor;
  • a total density of 2.80 FAR;
  • 306 parking stalls on two underground levels.

The architect for the project is WA Architects.

The site was assembled in 2018 for $21,200,000, or $209 per buildable SF based on the rezoning application.

January 15, 2020by 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
Condo, Development, Office, Retail

8-Storey Mixed-use Building Planned for Oak & 67th

A rezoning application has been submitted for the strip retail building at the corner of Oak Street and West 67th Avenue in Marpole, formerly home to Starbucks.

8257 Oak Street is zoned C-1 and totals 18,207 SF. The proposal consists of an 8-storey mixed-use building over two levels of underground parking and includes:

  • 62 condo units;
    • 4 studios, 36 one-bedrooms, 16 two-bedrooms & 3 three-bedrooms;
  • 5,988 SF of retail space on the ground floor;
  • 8,713 SF of office space on the 2nd floor;
  • A total density of 3.5 FSR;
  • A maximum building height of 104 ft.; and
  • 69 parking spaces and 124 bicycle spaces.

This application is being considered under the Marpole Community Plan.

The architect for the project is GBL Architects.

The site was purchased in 2018 for $20,000,000 or $314 per buildable SF based on the application.

November 27, 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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