Vancouver Market @vancouvermrkt
David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own. vancouvermarket.ca Vancouver, B.C., Canada Joined October 2014-
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Two months left for municipalities to update their zoning bylaws to conform with provincial legislation. Checking in how that's going for West Vancouver, one of the worst, if not the worst, offender when it comes to exclusionary zoning practices. And prices and rents to prove it.
All communities have a role to play to help solve the housing crisis - including the University Endowment Lands. Thank you to Minister @AnneKangMLA for your leadership to help enable 4-6 homes on single detached lots and build more homes near transit. 👇🏾 universityendowmentlands.gov.bc.ca/businessservic…
It's great to be able to share some positive housing news: The BC government is taking real steps to legalize more housing by UBC in the UEL! 🏘️ Provincial multiplexes legal NOW in the UEL mansion district 🏘️ designating the UBC bus loop as a Transit Oriented Area
In Metro Vancouver, there are currently more detached houses listed for sale over $6 Million (381) than condos under $500,000 (364).
The purchase of a development site at 1555 Robson Street combined with 1525 Robson Street in Vancouver represents a unique, scaled opportunity in one of Canada’s most attractive and dynamic markets by adding 400 new rental units and 40,000 square feet of retail space.
Developers say 'no' to mandate on mid-rises by Burquitlam station tricitynews.com/local-news/dev… via @TriCityNews
I sold this 6-storey condo site to @wesgroup which is now pouring concrete. Moving full speed through City, here is how long the process takes: 2019: Site purchased 2020: Rezoning app 2021: Rezoning approval 2022: DP app 2023: DP/BP/construction start 2025: Completion/occupancy
I sold this 6-storey condo site to @wesgroup which is now pouring concrete. Moving full speed through City, here is how long the process takes: 2019: Site purchased 2020: Rezoning app 2021: Rezoning approval 2022: DP app 2023: DP/BP/construction start 2025: Completion/occupancy
One more development site that was formerly owned by Coromandel Properties has now completed its court-ordered sales process: 5188 and 5210 Ash Street in the Cambie Corridor of Vancouver. #vanRE storeys.com/coromandel-pro…
The rezoning of the former MEC property at 130 West Broadway is FINALLY going to Council next week. The two tower, 500+ unit rental project was originally proposed to the City of Vancouver in 2017! The formal application was made two years ago. Still requires public hearing. 😂
BREAKING NEWS: all 546 lots in First Shaughnessy will be required to allow a minimum of 4-units per lot as of June 30, 2024!
A notable piece of #vanRE news to start off the week: The Versante Hotel in Richmond has been made available for purchase by private sale via a court order. Debt: $80M Asking: $98M BC Assessment: $24M storeys.com/richmond-versa…
12K homes, 15 towers planned to kick off massive Metrotown mall redevelopment dlvr.it/T5XwJ2
Here's a summary of Burnaby's proposed Small Scale Multi Unit Housing (SSMUH) zoning update that will apply to almost all of the City's 30,662 single family lots. Great to see no cap on Floor Area Ratio & fee simple rowhouses! bit.ly/3xxpChb
An update on the foreclosed 1555 Robson Street property in the West End of Vancouver that was formerly owned by Align Properties: A buyer has been found, the sale has been approved by the Supreme Court, and the transaction has now closed. #vanRE storeys.com/1555-robson-va…
SENAKW, APRIL update, @peak_grp #Vancouver
Almost half of the single family lots in the District of North Vancouver will be exempted & ineligible for any form of multiplex development due to existing development permit areas. Of the remaining lots, only about a quarter (2,884 lots) can be serviced 'feasibly'.
Good thread on Burnaby council discussing their proposed SSMUH bylaw changes. It seems like Burnaby understood their assignment and did not just implement the minimal provincial requirements but also added a denser row house option that they seem to think fits Burnaby better.
Good thread on Burnaby council discussing their proposed SSMUH bylaw changes. It seems like Burnaby understood their assignment and did not just implement the minimal provincial requirements but also added a denser row house option that they seem to think fits Burnaby better. https://t.co/lGcMKtukX6
Today, we’re taking an important step to build more housing in Vancouver, faster. Projects that come forward that fit the development plan will no longer have to go to public hearing & #yvr will be required to update their city-wide development plan. 👇🏾 news.gov.bc.ca/releases/2024M…
Steve Saretsky @SteveSaretsky
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5K Followers 399 Following Official account for the District of West Vancouver. This account is monitored 8 a.m.–4:30 p.m., Monday–Friday. Request service: 604-925-7100Two months left for municipalities to update their zoning bylaws to conform with provincial legislation. Checking in how that's going for West Vancouver, one of the worst, if not the worst, offender when it comes to exclusionary zoning practices. And prices and rents to prove it.
All communities have a role to play to help solve the housing crisis - including the University Endowment Lands. Thank you to Minister @AnneKangMLA for your leadership to help enable 4-6 homes on single detached lots and build more homes near transit. 👇🏾 universityendowmentlands.gov.bc.ca/businessservic…
It's great to be able to share some positive housing news: The BC government is taking real steps to legalize more housing by UBC in the UEL! 🏘️ Provincial multiplexes legal NOW in the UEL mansion district 🏘️ designating the UBC bus loop as a Transit Oriented Area
Rare unearthed footage of MF DOOM's first performance in Chicago at the Metro. Summer 2000.
In theory this could be permissible across BC with the current SSMUH legislation. 50x122 lot, 1.5 FSR, 7+ family size units. All electric, passive house, cargo bike garage. 50% site coverage with high permeable area (limited impact on storm sewers)
The purchase of a development site at 1555 Robson Street combined with 1525 Robson Street in Vancouver represents a unique, scaled opportunity in one of Canada’s most attractive and dynamic markets by adding 400 new rental units and 40,000 square feet of retail space.
Development land sales for high density sites are at a 10 year low. This follows closely to the new condo sales market which just experienced 15 year lows. Ultimately land is a proxy for the future of a market. Currently we are in a contraction which began ever so slightly…
@michaelgeller @oori_arch I suppose back ye olden days they didn’t have high windows, translucent glass or window shades so I can understand how it might be hard for you to wrap your head around it.
Continuing to think about what the next 'vancouver special' should be. This is 2FSR, single stair flats. 50% site coverage with permeable area / trees. Anywhere from 7 to 14 homes. Passive house efficiency, with a nice bike garage and a few parking spots for electric car share.
~4 years of city process, including getting a unique new zoning district, for an uncontroversial and unremarkable midrise building just minutes from one of Western Canada's biggest transit hubs
I sold this 6-storey condo site to @wesgroup which is now pouring concrete. Moving full speed through City, here is how long the process takes: 2019: Site purchased 2020: Rezoning app 2021: Rezoning approval 2022: DP app 2023: DP/BP/construction start 2025: Completion/occupancy
Illmatic is one of the greatest albums of all time and right up there with Off the Wall and Thriller among the most efficient records ever. One thing the young people may not know -- this album didn't become hyped later. There was HYPE leading up to the release and for a year…
@CraigCameronWV Because they are taking economic and career risk and have no pension.. lol
One more development site that was formerly owned by Coromandel Properties has now completed its court-ordered sales process: 5188 and 5210 Ash Street in the Cambie Corridor of Vancouver. #vanRE storeys.com/coromandel-pro…
The record high for annual housing completions in this country is 274k set back in 1974. The federal government is promising 3.9M homes by 2031. That’s more than DOUBLE the record high, and you’d have to do it 7 years straight with interest rates at their highest levels in 20…
Multiplexes: - work with existing infrastructure w/out major upgrades - sprinkle throughout diverse n’hoods - can be done on a single lot by existing owners w/out consolidation - same or better new housing rate vs towards that replace older apartments
🙌 Multiplex update: we've now accepted 103 development permit applications for new #multiplexes, totaling approximately 446 new homes throughout Vancouver's low-density neighbourhoods. #VancouverHousing #HousingFirst #HousingForAll
446 new home applications (103 development permit applications) received since Mid November 2023 in Multiplex's. Applications have come from across the City, & all have electric heating + electric hot water. ~90% have no basement #VanRe #Vancouver #neighbourhood #realestate
Great to see multiplexes will be 'sprinkled' across the city. These small multifam project replace what might have been 1:1 single family rebuilds under the previous exclusionary rules. These new homes can work with existing infrastructure (sewer, power, roads, schools etc)
446 new home applications (103 development permit applications) received since Mid November 2023 in Multiplex's. Applications have come from across the City, & all have electric heating + electric hot water. ~90% have no basement #VanRe #Vancouver #neighbourhood #realestate
The new Capital Gains inclusion rate will significantly dampen housing formation my making it harder to convince long term owners sell long held property for efficient land assemblies.
Having studied and worked in development in Victoria, it is always fascinating to me go back and see all the new projects. Major growth!