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

Student Housing Tower Proposed for Goh Ballet Site at 8th & Main

Goh Ballet Academy has submitted a rezoning application for the small corner site they currently own and operate at 2345 Main Street, at the Northwest corner of West 8th and Main in Mount Pleasant.

The existing building was formerly a Royal Bank building, built in 1912 that Goh Ballet took over in 1985. The site is 62′ x 100′ and is on the heritage register.

The site is located in the Main Street Village Area A subarea of the Broadway Plan, which enables the development of retail/service, office, residential, and cultural uses up to 6 storeys and 3 FSR. The retention of heritage assets and development of cultural spaces can enable additional building heights up to 8-9 storeys. The proposal is seeking relaxations due to its proximity to the upcoming Broadway Line Station.

The proposal calls for a redevelopment of the 6,181 SF site with a 26-storey student housing tower that includes:

  • 344 student housing units;
  • 1,500 SF of ground floor retail space;
  • 3 levels of underground cultural spaces (expansion of Goh Ballet);
  • a total density of 23.0 FSR;
  • A building height of 343 ft. with additional height for rooftop amenity space; and
  • Retention of the Royal Bank Heritage Building (Vancouver Heritage Register).

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

The architect for the project is Align Architecture.

The full application can be viewed here: https://www.shapeyourcity.ca/2345-2349-main-st

August 10, 2025by david.taylor@colliers.com
Apartment, Development

New Proposal for 1045 Haro Site Includes Two Rental Towers

Chard Development has submitted their revised rezoning proposal for 1045 Haro Street, a one-acre site in the West End at the Northeast corner of Haro and Thurlow Streets.

The site had previously been proposed for a 55-storey condo tower, but a formal application never proceeded. The site was subsequently sold via a court ordered sale in 2024, when Chard acquired the site.

The new proposal is two rental towers above commercial. The tower heights are 26-storeys and 25-storeys, above an 8-storey podium. Details include:

  • 542 rental units including 22 below-market units;
  • A childcare facility;
  • 26,000 SF of retail space including a grocery anchor;
  • a total density of 10.78 FSR;
  • A building height of 262 ft.

This application is being considered under the West End Community Plan.

The architect for the project is MCM Architects.

August 3, 2025by david.taylor@colliers.com
Apartment, Development, For Sale, Retail

FOR SALE: Fully Leased Kingsway Retail & Apartment Building (PRICE REDUCED: $3,328,000, 4.5% cap rate)

For further information: https://www.collierscanada.com/en-ca/properties/for-sale-fully-leased-retail-and-apartment-building-on-kingsway-new-pricing/can-3155-kingsway-vancouver-bc/can2016373

July 21, 2025by david.taylor@colliers.com
Apartment, Development, Rental

327 Rental Units Proposed for Bonnis Kingsway Property

A rezoning application has been submitted by Bonnis Properties for a 30, 300 SF site that they own in the 600 block of Kingsway at East 16th Avenue, just West of Fraser Street.

The proposal is to allow for the development of two rental towers with a combined 327 units: a 14-storeys (North Tower) and a 25-storeys (South Tower). Additional details include:

  • 120 market rental units (North Tower) and 207 market rental units (South Tower) with 20% of the total residential floor area for below-market units;
  • 18,000 SF of retail space;
  • a private 20-space childcare facility;
  • a total density of 8.50 FSR;
  • A building height of 167 ft. for the North Tower, and 276 ft. for the South Tower.

This application is being considered under the Broadway Plan.

The architect for the project is Perkins&Will.

The full application can be viewed here: https://rezoning.vancouver.ca/applications/602-644-kingsway-and-603-617-e-16th-ave/application-booklet-1.pdf

May 31, 2025by david.taylor@colliers.com
Apartment, Development, Rental

116 Rental Units Planned for Telus Site in East Vancouver

Ledcor has applied on behalf of Telus for the rezoning and redevelopment of an existing Telus owned property at 6486 Chester Street in East Vancouver. The site is an existing infrastructure site for Telus, one of several proposed for residential redevelopment.

The proposal is to allow for the development of a 6-storey rental project that includes:

  • 116 rental units;
  • a telecommunications facility on the northeast corner of the site;
  • a total density of 2.89 FSR;
  • A building height of 73 ft.

This application is being considered under the Secured Rental Policy.

The architect for the project is Yamamoto Architecture.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/6486-chester-st

May 16, 2025by david.taylor@colliers.com
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David Taylor Personal Real Estate Corporation

Colliers International

DT

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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