Metro Vancouver LandShare Report First half 2015 MARKET SUMMARY introduction

Through the first half of 2015, the Metro Vancouver multi-unit residential land market saw 200 transactions worth approximately $845 million, which is up from approximately $519 million across the same number of transactions. Interestingly, of the 200 transactions, 14% were zoned high density in 2014 versus 26% in 2015.

Focused high density, Live-work-play developments CAMBIE CORRIDOR PLAN ENTERS INTO PHASE THREE Continue to grow The Cambie Corridor Plan has now reached its final stage focusing Coquitlam Centre, Oakridge Mall, Brentwood Mall, and now Lougheed on connecting neighbourhoods with low-medium and higher density Town Centre are all examples of strategic regional and municipal mixed-usedevelopments. planned growth areas that allow for high density mixed-use development. The area-focused plans are designed to concentrate The City will be looking at more opportunities to provide diverse residential, office, and retail developments that promote a Live- housing options, such as townhomes and rowhomes. As well, the Work-Play environment, a strategy developed in the Metro Vancouver City plans to explore long-term redevelopment sites within the 2040 plan. corridor, such as King Edward Mall. and connecting major projects in the corridor with the phase three developments (ie. Oakridge The City of Coquitlam, for example, anticipated the development of Transit Centre). the Evergreen Line and proactively rezoned the land surrounding Coquitlam Centre mall to allow for high density residential Looking at the overall program, the City has approved 26 rezoning developments, attracting developers such as Bosa, Onni, and applications between 2011 and March 2015, which includes 6,600 Polygon. This development has attracted many young professionals, new housing units, of which 630 are rental housing. Additionally, families, and retirees looking to downsize due to its proximity to the the plan has fostered the planning and redevelopment of Langara shopping mall, grocers, and the new LRT. Gardens and Pearson Dogwood Lands.

Similarily The City of Vancouver with Oakridge mall and The City of Burnaby with Brentwood mall, have reassessed the land surrounding major corridors and transit hubs to allow for high density mixed-use The Metro Vancouver LandShare Report is a series of development. While Oakridge is still in the planning stage, Brentwood is now a large live-work-play community, with what was once empty semi-annual reports on the land market in Metro parking lots and low density sites. Vancouver with a special focus on multi-unit residential land. In addition to a comprehensive analysis of Metro Vancouver Land Sales Activity

$2,500 800 residential activity, we will share our insight into the

700 trends that affect the land market in Metro Vancouver. $2,000 $423 600

500 $1,500 $424 $437 $493 $282 $913 400 $679 Volume Transaction Transaction Value (Millions) Value Transaction $1,000 $753 300 $686 $578 $235 $138 $604 $163 $417 $215 200 $500 $485 $840 $390 $72 100 $578 $543 $579 $412 $413 $168 $483 $139 $180 $0 $115 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 Mid Year 2015 High Density Medium Density Low Density Number of Deals

Source: RealNet Canada Inc.

first half 2015 table of contents

market summaries Vancouver – Downtown 1 Vancouver – West 2 Vancouver – East 3 North Shore 4 Richmond 5 Burnaby/New Westminster 6 Tri-Cities: Coquitlam, Port Coquitlam & Port Moody 7 Surrey 8

first half 2015 1A

MARKET SUMMARY S

t

a

n

l e

y

P

a

r vancouver – downtownk S D t r a n le S y t a Beaver P n a l Lake r e k y D P r

a P r i

k p

C e

l

a i u n s e e Stanley w R a d Throughout the first half of 2015, downtown multi-familyPark y residential land sales reached approximately $50,300,000 Avison W a across 5 transactions; the same period last year saw one transaction worthy $2,175000. Discussions continue to

1A 99 ark Dr y P nle circle around the rezoning of Canada Post site, which is expectedr to include tamarket condominium housing and n D S S goo ta La nl ey N P ar k rental housing, in addition to office and Dretail.r Looking forward, we expect to see this trend continue with the Lost Lagoon

Devonian Coal Harbour rezoning and redevelopment of existing sites in order to expose theHarbour Parkhighest-and-best use. W. Georgia St

Alberni St Lagoon Dr HIGHLIGHTS Park Ln Haro St Beach Ave Chilco St Harbour Pendrell St Green Park W. Commissioner St »» Earlier this year, Townline homes applied to the City of Vancouver to rezone 1335 Gilford St Comox St Bidwell St Pender St Howe Street, the Quality Inn, to permit a 40-storey residential building. This new Denman St Pendrell St W. Georgia St Canada Pl Alberni St Canada Place

development is projected to house 389 market condominium units with a density Nicola St Melville St

Bidwell St English Bay Cardero St Broughton St 99

Waterfront allowance of 11.2 FSR. In the meantime, this site is currently being used as Ave Beach Jervis St Hastings St E. Commissioner Cordova St temporary housing, managed by the City of Vancouver, in an effort to control Nelson St Barclay St Bute St Burrard Pender St 1A Bidwell St Haro St Dunsmuir St Pendrell St Thurlow St Water St homelessness. Cardero St Comox St

W. Georgia St Powell St

Columbia St Nicola St St Abbott Burrard St Seymour St

Granville CarrallSt Robson St »» A development application has been submitted to the City of Vancouver to Davie St Broughton St Burnaby St redevelop 717 Davie Street, which is located on the corner of Granville and Davie City Centre Homer St Howe St Pender St Harwood St Street. The preliminary project plan is to redevelop the existing site into a 7-storey St. H Bute St 1 Paul’s Granville St Richards St Stadium/ Keefer St Smithe St 2 Quebec St DunsmuirChinatown Viad mixed use building including, 94 residential units, ground floor retail, and 47 Sunset Hornby St Cambie St Beach Beach Ave Hamilton3 St Thurlow St Nelson St Paci‡c Blvd Burrard St underground parking stalls, with a total floor area of 69,300 SF. The building Rogers Expo Blvd Davie St Helmcken St Beatty St Arena Blvd Georgia Viad height is expected to reach 71 feet with a total density of 3.85 FSR. BC Place Drake St Stadium Hornby St Mainland St Expo

Vanier Hamilton St Park May & Lorne Brown Park Seymour St Burrard Bridge Paci‡c Blvd Richards St Yaletown/ Roundhouse Science Homer St World Paci‡c Blvd Point Grey Rd Kitsalano Beach Cambie Bridge St Quebec George Wainborn David Lam KEY SALES Granville Granville Bridge Park Park

TrafalgarSt Island

Balsam St Balsam Maple St Johnston Street False Creek

Yew St Olympic Village BASE FLOOR PRICE PER BUILDABLE 99 ADDRESS 1 AvePURCHASER 1 Ave PRICE SIZE (SF) 1 Ave SPACE RATIO (FSR) SQUARE FOOT (BSF)

Stephens St Stephens Cartwright Street LarchSt Vine St 2 Ave 2 Ave

Cypress St 2 Ave Old Bridge Street 1. 1065 Harwood Street & 1332 Thurlow Street 3 AvePrivate Investor 3 Ave$24,000,000 17,293 9.00 1 Ave 3$154 Ave

2. 150 Robson Street Amacon Development Corp. $21,750,000 16,335 5.00 $286

3. 118 Robson Street Amacon Development Corp. $10,800,000 6,403 5.00 $286

Development & Rezoning Permits

NOTABLE NEW DEVELOPMENTS: Average land SALES RANGE (Price per Buildable Square Foot) »» Reliance Properties applied to the City of Vancouver to develop a 22-storey TOWNHOUSE Apartment APARTMENT woodframe WOOD FRAME CONCRETE secured market rental building with retail on the ground floor. The development is Downtown Core N/A N/A $200-$250 proposed at their site on the corner of Bidwell and Davie Street. The project would include 108 rental units with a total gross floor area of 102,927 SF and total Downtown East/ N/A $95-$105 $90-$175 density of 7.4 FSR. Chinatown

»» In the Fall 2014 Land Share Report we discussed a project by Bosa Properties at 500 West Georgia Street. Since then, the project has been updated and the development is slated to include 48 residential floors over an approximate 329,400 gross SF The unique design of the building will look similar to stacked Jenga blocks, created by German architect Ole Scheeren.

first half 2015 1 Buntzen Lake Capilano Lake

MARKET SUMMARY

West r m D r d

h R A g u o n Vancouver o n vancouver – west r a a

r l i i o D

p d b s a mar Rd n th n Ave e I u e C ra 99 Upper So v B te Edgemont Blvd S Queens Ave Le ve ls Delbrook BC RAIL Mathers Ave d Pitt Lake Highway R E 29th St ur Inglewood Ave o 21st St 11th St 11th m Fulton Ave 1 Hyannis Dr y Investment continues along major corridors in Vancouver West, particularly along Cambie Street, which experienced e S e Lynn Valley Rd North t v

15th St

A

E Riverside Dr M Taylor Wy Taylor

l Ma l rin e e F Vancouver Rd Dr y

Mountain Hwy over 50 transactions YTD. This growth has been stimulated by the 2011 Cambie Corridor Planning Program, which Larson Rd a B 15th St ll e

ge Lonsdale Ave d Ave Chester”eld d w Harrison Lake i W 13th St Ave St Georges R d

r t e

B e B Berkley Rd Berkley

Welch St Mountain Hwy o e W W 3rd St E Sunnyside Rd Sunnyside E Grand Blvd E Grand t o Mt Seymour a K l Pkwy is now in Phase Three. Guiding long term growth, this phase will promote the development of diverse housingHarbourside Dr e l E i G s ith Harbourside Pl p L s l Rd East Rd n an o a E 3rd St i Lonsdale Quay de Rd Cove Deep L Brooksbank Ave ollarton Rd D Dollarton Hwy Main St stock, including row homes, townhomes, and high-density apartments. d E Esplanade Ir l o OW Riverside Dr Port Moody 99 n Rd

W il r

o p

r k A

e

r Burrard Inlet s Dr a M Panoram

e m H

o Ioco Rd er

r it

i a

a Ba

l r g n

B et

H C.P.R. e

HIGHLIGHTS English Bay r ig

i h

McGill St d way g Eton St M

Burrard 7A DenmanDavie St St Waterfront e o La u nd Wy Pinetree n s Woodland Pipeline Rd t Paci”c St Dundas St d S t o a w Lafarge Lake - Douglas y Victoria Dr i ne D Granville n Johnson St s »» As seen in the key sales below, land assemblies continue to be trending in the ri r n a Vancouver s M E Hastings Street e B W 3 City Centre e

n

l

N D Stadium/Chinatown v Simon Fraser h

d r Port Moody Centre g Vancouver West market. Sites located along major corridors, such as Cambie, Lincoln Coast Meridian Rd Parker St University u Stave Lake Venables St Curtis St St. Johns St a Yaletown/ Coquitlam Central h Richardson Rd Poin Roundhouse Port Moody Centre Inlet Centre Coquitlam S t G Main St garner the highest density, This is a strategy of the City to promote high density re Cornwall St G Central Cedar Dr y Rd a

Clark Dr g University of W 4th Ave Olympic Village l

Wesbrook Mall G Ave Gilmore r 1st Ave Willingdon Ave ar Prairie Ave Holdom St Gerald Ave Gerald e Sperling St d McNeil Rd projects around transit hubs and along major retail corridors. at North VCC/Clark i W British Columbia ern Brentwood y Wy Dr Commercial Gilmore W 10th Ave W Broadway Town Centre 1

Renfrew St Renfrew Holdom Clarke Rd 4 Broadway/ Broadway Commercial Como Lake Ave Port Coquitlam 4 City Hall E Broadway Burquitlam th W 12th Ave Lougheed Highway Port St »» The City of Vancouver, along with the support of the Heritage Vancouver Society, E 12th Ave Renfrew Rupert W 16th Ave Sperling/ Coquitlam

t 2 Grandview Hwy Burnaby Lake y Burns Rd S Maple

Kingsway Ave

have continued into 2015 with public consultation on the First Shaughnessy Lake City Way W

Canada Wy n

Kingsway r S Production Way/ i

e W a

University t n i Ridge M n

r Lougheed Highway Heritage Conservation Area public hearings. This program was developed last a u r King Edward Ave King Lougheed a o i Sprott St Linton St 7 n Nanaimo St

M

Edward St Rupert M Town Centre Rd Gatensbury e Winston St D Macdonald St Austin Ave r Nanaimo e Vancouver Rd Harris u year, and since a moratorium was placed on demolition for one year in order to Arbutus St l d

B Rd Neaves 5 29th Ave R Crown St Crown St Dunbar T

Blenheim St Harrison Hot Springs Rd Springs Hot Harrison Deer Lake Pkwy ra r St e protect houses built pre-1940’s, discussions were held to decide the Shaughnessy W 33rd Ave E 33rd Ave ns Coquitlam Fern Cr v

Ca i n R

Broadway St Broadway 7

ad Dewdney Trunk Rd McCallum Rd

Joyce a t 132nd Ave

t

Hig 1 i 7 9 area and development of higher density housing. 4 hw P Oakridge/41st Ave ay Brunette Ave W 41st Ave E 41st Ave Grange St Burnaby Braid Shaughnessy North Rd W Boulevard United Blvd 128th Ave 128th Ave Earles St Pitt Patterson Hartley Rd 7 W 49th Ave Langara/ 7 Rd Cameron 6th St Mary Hill Bypass Meadows 49th Ave 49th Ave E Metrotown Hartley Ave Lougheed Hwy

Fraser St Fraser Knight St Canada Wy

Main St St Tyne Sapperton 124th Ave Victoria Dr 1 P Pitt d Imperial St o R

r St 203rd Oak St Meadows 248th St Granville Street Spratt Rd Spratt

Royal Rd Lake Stave W 57th Ave Rd Woolridge 256th St t r 227th St 224th St 216th St St Laity e

M 232nd St W 57th Ave Rd Boundary Oak 10th Ave DOUGLAS t

Cambie St Kingswa s y a C.P.R. Harrison Bay 264th St

t n e River ISLAND Dewdney Trunk Rd Dewdney Trunk Rd v S 8th Ave n PITT MEADOWS l

y Limbert Rd

Rumble St B Hammond Rd S t r AIRPORT o 6th Ave li Nelson Ave id Marine Dr SE Marine Dr l Kerr St Edmonds Columbia St Fraser 116th Ave Maple E g H Marine Dr e Meadows d Knight St Bridge 17 R a W 70th Ave N Kent Ave S Fraser Perimeter Rd iver Port n Royal Oak Ave Royal R e P Fraser Wy Haney y Gilley Ave at B KEY SALES e MITCHELL u yp Kent Ave S l 112th Ave 207th St dgO Marine Wy ardson Queens Ave Columbia lo as ri a w W s k ISLAND Twigg Pl e y Bridge 112th Ave B t Scott Rd S VANCOUVER S e Bridge Rd g v t New 110th Ave C.N.R. 112th A 112th Ave BASE FLOOR PRICEn PE R BUILDABLE INTERNATIONAL i B 22nd St Westminster HOG ADDRESS PURCHASER PRICE SIZE (SF) Templeton a rid Grosvenor Rd L River d g ISLAND AIRPORT r Gateway 108th Ave R SPACE RATIOSea Island (FSR) SQuUARE eFOOT (BSF) Rd 108th Ave Centre th Wy e Ar Vulcan Byrne Rd BARNSTON k YVR C.N.R. a Wy Bridgeport L Airport Conachie 91A ISLAND Grant Mc e WINDERMERE ISLAND S Bridgeport Rd Scott Rd v

Fraser Wy 240th St a 1. 500 West 57th Avenue Onni Development Corp. $81,600,000 t 253,127 2.0 $161 104th Ave t r 104th Ave FAIRFIELD SEA 99 North Surrey S a Central er Farms Rd Farms ISLAND iv i ISLAND R Rd t ll K e O Aberdeen Cambie Rd Wilson St e b Golden Ears Bridge Golden Ears y 102nd Ave 256th St ys p

208th St t m 906-966 West 18th Avenue; f W 100th Ave 100th Ave o Dale Rd Ca er n

2. Wesgroup Properties $46,200,000 G 101,974 n/a k n/a King George 100th Ave e a Q A Russ B 100th Ave 272nd St v e Vulcan Wy e 907-961 West 19th Avenue u Fraser Highway o e W d 280th St r e Rd R Alderbridge Wy i y Richmond Annacis Highway n l 156th St g ANNACIS 148th St 160th St e s 96th Ave s h s Castleman Rd 9

Lansdowne Albion Ferry r i bo 96th Ave o t No 1 r n e a o ISLAND 96th Ave Richards Ave A R

d River Rd u 99A C d River Rd 3. 4883, 4889 & 4899 Belmont Avenue 1025336 B.C. Ltd. $26,500,000 220,109 n/a n/a g r pe 91 De o a n

h l

w Rd Young 192nd St C.N.R. t H l d Farms Rd Rd McGrath

i B MCMILLAN S n Westminster Hwy 92nd Ave r e G

i d e deg 92nd Ave y Lougheed Highway r E Brighouse Av ISLAND T Yal a r e R n A u Wellington Ave d e w n 6347-6357 West Boulevard, 2108-2110 West d l k y ve e Rd Chapman Rd 120th St 128th St 132nd St Ferndale Ave 4. Cressey Developments $26,300,000 31,166 2.5Granville Ave $338 Cli x a Hatzic D y F 88th Ave 88th Ave CRESCENT H 47th Avenue, 2109-2111 West 48th Avenue erw W r Fraser River 1A No. 9 Rd e a No. 8 Rd No. 7 Rd n Clay St Clay Nelson Rd t s 88th Ave ISLAND Lake 1st Ave Blundell Rd e r VIA RAIL Hawkins Pickle Rd

B y 7 Wolfe Rd Blundell Rd Rd 216th St Topham Pure West Financial r W Glover Rd i l 84th Ave d 84th Ave 5. 5189, 5209, 5229, 5249 & 5289 Cambie Street $18,961,650 40,510 n/a n/a e 1 Johnson Rd g rd Telegraph Tr Dewdney Trunk Rd Holdings Group Inc. e o Mission St Cedar N Rd lliwack Mtn Rd Rd Ford Richmond C.N.R. Nicomen Island Trunk Chi Francis Rd C.N.R. 22nd Ave Chilliwack Central Rd No. 1 Rd No. 4 Rd No. 3 Rd No. 5 Rd No. 6 Rd C.N.R. Annacis King George Highway N R Paci”c Highway Harvie Rd

Gilbert Rd i 80th Ave i Eagle Rd c St v o Railway Ave Railway Huston Rd 80th Ave e m Brown Rd Brown TILBURY e Rd Annis r n I

280th St s C.N.R. l R and T Garden City Rd City Garden run ISLAND 80th Ave 7 Tyler d k Rd 1

Development & Rezoning Permits Williams Rd H H T 14th Ave S o e Duke Rd t i 80th Ave o p g 76th Ave S co 76th Ave l ut Fraser River h e e h Fraser - Delta Thruway Fraser t Wy 7 t k

w g C.P.R. a 208th St 216th St 192nd St 200th St R Trans Canada Hwy

a r L Hurd St Hurd d y a Prairie Central Rd 112th St Scott Rd Scott

Vantage e 76th St 80th St p 168th St 176th St 184th St NOTABLE NEW DEVELOPMENTS: Average land SALES RANGE (PriceSteveston per HwyBuildable Square Foot) h 7th Ave v W Yale Rd 144th St 140th St

a 152nd St

River Rd 72nd Ave Newton Rd T t Progress Wy 72nd Ave 240th St r Surrey S Luckakuck Wy 72nd Ave V Wren St Wren TOWNHOUSE Apartment APARTMENT 72nd Ave 72nd Ave 1st Ave Industrial Wy e »» In February 2015, Vancouver Costal Health (VCH) partnered with Onni Group as d

Mission d

72nd St McTavish Rd Newton Rd C e

woodframeMoncton StWOOD FRAME CONCRETE Gibson Rd No. 2 Rd r HWY 10 Rd Prest Rd Banford Shell Rd 91 64th Ave 10 City h

68th Ave SOUTHERN i

its development partner for the Pearson Dogwood Lands redevelopment project George Massey Tunnel BYPASS R lli

d w ac R

West Trans Canada Highway k i

17 RAILWAY W Yale Rd v

e located at 500 West 57th Avenue. VCH will retain a 3.2-acre parcel of the 25.4- r

(Excl. Cambie $275-$325 $175-$275 $200-$300 Kitson Pkwy Dyke Rd 64th Ave R Lickman Rd

SOUTHERN RAILWAY s d Satchell St Satchell a MATSQUI Upper Sum Mou 62B St 62B Glover Rd nta acre site and plans to develop the site for health care and community uses, which Corridor) 64th Ave n

B.N.R. ISLAND Page Rd i

R

272nd St 1 Peters Rd

60th Ave Delta C.N.R. d will include a 150-bed residential care home, a YMCA, and a community health 60th Ave Rd Chadsey S Sumas Rd Bailey Rd Logan Ave Cambie Corridor N/A $195-$215 $200-$225 148th St 58th Ave 99 care facility. With the remainder of the site, Onni Group will focus their development 140th St Fore Rd 60th Ave 56th Ave Promontory Rd 56th Ave 11 Watson Rd W Douglas Cr d B.C. RAIL 208th St 56th Ave on mixed residential, commercial and retail, as well as public amenities such as Road Perimeter South Fraser LANGLEY Harris Rd R r Mission-abbotsford Highway 56th Ave e 72nd St AIRPORT Sumas Prairie Rd Sumas Prairie iv Hopedale Rd community gardens. R 53rd Ave Keith Wilson Rd Station Rd Colebrook Rd 160th St

Robertson Rd Robertson ok R Westham Island Rd olebro d C 304th St 296th St 10 Ladner Trunk Road St 288th Sinclair Rd 203rd St 203rd 48th Ave Fraser Highway d G Gladwin Rd R ra Riverside Rd Bell Rd in WESTHAM ISLAND de C Townshipline Rd unta C SOUTHERN RAILWAY 15 r 48th Ave Mo h 17A 48th Ave No. 3 Rd der il Dawson Rd Ved liw a r Old Yale Rd ck D L a r Rd ke u Straiton R h Clayburn Rd 44 Ave d

t Yarrow Central Rd r

328th St A 64th St 17 40th Ave 40th Ave 40th Ave first half 2015 2 40th Ave 40th Ave Mud Bay Downes Rd S BOUNDARY BAY um Fireclay Rd No. 4 Rd 36th Ave as AIRPORT M Paci”c Highway

34B Ave t n North Parallel C.P.R.

Abbotsford R South Parallel

d Langley d R Cultus

d - BellinghamAldergrove Highway Deltaport Wy 32nd Ave Rd Boundary R 32nd Ave rn t ybu Lake

53rd St 53rd la d n 32nd Ave C R Atkinson Rd ce Su Old No. 5 Rd res m tn C as M 28th Ave S F W s

27B Ave w t erg a a 160th St Rd Clearbrook 168th St 184th St us m ie 28th Ave 28th Ave on y u v W S y 99 y er a South Fraser Way w B o 1A L 52nd St 56th St 188th St Old Yale 24th Ave 24th Ave Rd Campbell Rd 24th Ave 24th Ave

Ross Rd Ross Trans Canada Hwy Mt. Lehman Rd 152nd St 124th St 140th St 128th St

20th Ave 20th Ave McMillan Rd 20th Ave Marshall Rd Hwy Interprovincial 20th Ave 13 192nd St 1 16th Ave Rd Dixon 232nd St 208th St 240th St

216th St 200th St St 200th 224th St 248th St 256th St 272nd St White Rock Rd Lefeuvre Bradner Rd King Rd 16th Ave Wells Line Rd North Blu— Rd 16th Ave 16th Ave Marine Dr 12th Ave Peardonville Rd

B ABBOTSFORD 11 o

u Buena Vista Ave INTERNATIONAL

n 320th St d AIRPORT

a McCallum Rd r Cole Rd Rd McDermott Marion Rd Rd Powerhouse Whatcom Rd Whatcom y 264th St B ay 8th Ave Campbell River Rd 8th Ave Huntington Rd 8th Ave Vye Rd 6th Ave

R

Causeway Rd Roberts Point B.N.R. 8th Ave d BC FERRIES 176th St

TERMINAL 172nd St 176th St 1st Ave TSAWWASSEN CANADA CANADA 0 Ave Boundary Rd 0 Ave Boundary Rd Boundary Rd CANADA U.S.A. U.S.A. U.S.A. Buntzen Lake Capilano Lake

MARKET SUMMARY

West r m D r d

h R A g u o n Vancouver o n r a a

r l vancouver – east i i o D

p d b s a mar Rd n th n Ave e I u e C ra 99 Upper So v B te Edgemont Blvd S Queens Ave Le ve ls Delbrook BC RAIL Mathers Ave d Pitt Lake Highway R E 29th St ur Inglewood Ave o 21st St 11th St 11th m Both rental and market high density residential projects continue to grow along the Kingsway Corridor, with most y Fulton Ave 1 Hyannis Dr e

S e Lynn Valley Rd North t v

15th St

A

E Riverside Dr M Taylor Wy Taylor

l projects focused north of 12th avenue. The Independent, Vya, andMa a Rental 100l project, The Duke, are just a few of rin e e F Vancouver Rd Dr y

Mountain Hwy Larson Rd a B 15th St ll e

ge Lonsdale Ave d Ave Chester”eld d w Harrison Lake i W 13th St Ave St Georges R d the projects being developed in a newly gentrified area of Eastr Vancouver. t e

B e B Berkley Rd Berkley

Welch St Mountain Hwy o e W W 3rd St E Sunnyside Rd Sunnyside E Grand Blvd E Grand t o Mt Seymour a K l Pkwy Harbourside Dr e l E i G s ith Harbourside Pl p L s l Rd East Rd n an o a E 3rd St i Lonsdale Quay de Rd Cove Deep L Brooksbank Ave ollarton Rd D Dollarton Hwy Main St d E Esplanade Ir l o OW Riverside Dr Port Moody 99 n Rd

W il r

o p

r k A

e

r Burrard Inlet s Dr a HIGHLIGHTS M Panoram

e m H

o Ioco Rd er

r it

i a

a Ba

l r g n

B et

The Citizen’s Assembly on the Grandview-Woodland Community Plan submitted H C.P.R. e

»» English Bay r ig

i h

McGill St d way g Eton St M

Burrard 7A DenmanDavie St St Waterfront e o La their final report to the City of Vancouver during the summer of 2015. While this u nd Wy Pinetree n s Woodland Pipeline Rd t Paci”c St Dundas St d S t o a w Lafarge Lake - Douglas y Victoria Dr i ine Dr Granville n Johnson St s ar Vancouver n s plan is quite comprehensive,M some notable features include the recommendation E Hastings Street e B W City Centre e

n

l

N D Stadium/Chinatown v Simon Fraser h

d r Port Moody Centre g Lincoln Coast Meridian Rd of four-storey residential zoning throughout Commercial Drive, from Grandview Parker St University u Stave Lake Venables St Curtis St St. Johns St a Yaletown/ Coquitlam Central h Richardson Rd Poin Roundhouse Port Moody Centre Inlet Centre Coquitlam S Cut to Pender Street, changing the zoning on Commercial Drivet G and East 1st on Main St 4 re Cornwall St G Central Cedar Dr y Rd a

Clark Dr g University of W 4th Ave Olympic Village l

Wesbrook Mall G Ave Gilmore r 1st Ave Willingdon Ave ar Prairie Ave Holdom St Gerald Ave Gerald the northwest, northeast and southwest corners to retail use on the first floor, and e Sperling St d McNeil Rd at North VCC/Clark i W British Columbia 3 ern Brentwood y Wy Dr Commercial Gilmore W 10th Ave W Broadway Town Centre 1

commercial on the second floor with mixed-use on third and fourth floors. Overall, St Renfrew Holdom Clarke Rd 4 Broadway/ Broadway Commercial Como Lake Ave Port Coquitlam 4 City Hall E Broadway Burquitlam th W 12th Ave Lougheed Highway Port St the Citizen’s Assembly holds a strong sentiment towards affordability and design, E 12th Ave Renfrew Rupert

W 16th Ave Sperling/ Coquitlam Rd s

t

Burnaby Lake y Grandview Hwy ng Burns Rd S Maple

Kingsway Ave

but understands the need for gentle and transitional density. Lake City Way W

Canada Wy n

Kingsway r S Production Way/ i

e W a

University t n i Ridge M n

r Lougheed Highway

a u r King Edward Ave King Lougheed a o i Sprott St Linton St 7 n Nanaimo St

M

Edward St Rupert M Town Centre Rd Gatensbury e Winston St D Macdonald St 1 Austin Ave r Nanaimo e Vancouver Rd Harris u Arbutus St l d

B Rd Neaves 29th Ave R Crown St Crown St Dunbar T

Blenheim St Harrison Hot Spri Hot Harrison 2 Deer Lake Pkwy ra r St e W 33rd Ave E 33rd Ave ns Coquitlam Fern Cr v

Ca i n R

Broadway St Broadway 7

ad Dewdney Trunk Rd McCallum Rd

Joyce a t 132nd Ave

t

Hig 1 i 7 9 hw P Oakridge/41st Ave ay Brunette Ave W 41st Ave E 41st Ave Grange St Burnaby Braid Shaughnessy North Rd W Boulevard United Blvd 128th Ave 128th Ave Earles St Pitt Patterson Hartley Rd 7 W 49th Ave Langara/ 7 Rd Cameron 6th St Mary Hill Bypass Meadows 49th Ave 49th Ave E Metrotown Hartley Ave Lougheed Hwy

Fraser St Fraser Knight St Canada Wy

Main St St Tyne Sapperton 124th Ave Victoria Dr KEY SALES P Pitt d Imperial St o R

r St 203rd 248th St Oak St Meadows Granville Street Spratt Rd Spratt

Royal Rd Lake Stave W 57th Ave Rd Woolridge 256th St t r 227th St 224th St 216th St St Laity e

M 232nd St W 57th Ave Rd Boundary Oak 10th Ave DOUGLAS t

Cambie St BASE FLOOR PRICE PER BUILDABLE Kingswa s y a C.P.R. Harrison Bay 264th St

t n e ADDRESS PURCHASER PRICE SIZE (SF) River ISLAND Dewdney Trunk Rd Dewdney Trunk Rd v S 8th Ave n PITT MEADOWS l

y Limbert Rd SPACE RATIO (FSR) SQUARE FOOT (BSF) Rumble St B Hammond Rd S t r AIRPORT o 6th Ave li Nelson Ave id Marine Dr SE Marine Dr l Kerr St Edmonds Columbia St Fraser 116th Ave Maple Western Hemlock E g H Marine Dr e Meadows d Knight St Bridge 17 R a 1. 2256 & 2262 Kingsway W$5,250,000 70th Ave N Kent15,159 Ave 2.5 $139 S Fraser Perimeter Rd iver Port n Royal Oak Ave Royal R e Development Ltd. P Fraser Wy Haney y Gilley Ave at B e MITCHELL u yp Kent Ave S l 112th Ave 207th St dgO Marine Wy ardson Queens Ave Columbia lo as ri a w W s k ISLAND Twigg Pl e y Bridge 112th Ave 2. 2768, 2772, 2774, 2776 Kingsway 0952513 B.C. Ltd. $4,150,000B 9,453 2.5 $220 t Scott Rd S VANCOUVER S e Bridge Rd g v t New 110th Ave C.N.R. 112th A 112th Ave n INTERNATIONAL i B 22nd St Westminster HOG 8th Avenue DevelopmentTempleton a rid Grosvenor Rd L River d g ISLAND AIRPORT r Gateway 108th Ave R 3. 377 & 379 East Broadway Sea Island $4,020,000u e 8,712 3.0 Rd$154 108th Ave Centre th Wy e Group Ar Vulcan Byrne Rd BARNSTON k YVR C.N.R. a Wy Bridgeport L Airport Conachie 91A ISLAND Grant Mc e WINDERMERE ISLAND S Bridgeport Rd Scott Rd v

Fraser Wy 240th St 4. 1648 East 1st Avenue Aura Homes Ltd. $3,950,000 12,066 1.45 $226 a t 104th Ave t r 104th Ave FAIRFIELD SEA 99 North Surrey S a Central er Farms Rd Farms ISLAND iv i ISLAND R Rd t ll K e O Aberdeen Cambie Rd Wilson St e b 256th St y Bridge Golden Ears 102nd Ave ys p

208th St t m f W 100th Ave 100th Ave o Dale Rd a r n C

G ke King George 100th Ave e a Q A Russ B 100th Ave 272nd St v e Vulcan Wy e u Fraser Highway

o e W d 280th St r e Rd R Alderbridge Wy i y Richmond Annacis Highway n l 156th St g ANNACIS 148th St 160th St e s 96th Ave s h s Castleman Rd 9

Lansdowne Albion Ferry r i bo 96th Ave o t No 1 r n e a o ISLAND 96th Ave Richards Ave A R

d River Rd u 99A C d River Rd g r pe 91 De o a n

h l

w Rd Young 192nd St C.N.R. t H l d Farms Rd Rd McGrath

i B MCMILLAN S n Westminster Hwy 92nd Ave r e G

i d e deg 92nd Ave y Lougheed Highway r E Development & Rezoning Permits Brighouse Av ISLAND T Yal a r e R n A u Wellington Ave d e w n d l k y ve e Rd Chapman Rd 120th St 128th St 132nd St Ferndale Ave Cli x a Granville Ave Hatzic D y F 88th Ave 88th Ave CRESCENT H erw W r Fraser River 1A No. 9 Rd e a No. 8 Rd No. 7 Rd n Clay St Clay NOTABLE NEW DEVELOPMENTS: Average land SALES RANGE (Price per Buildable SquareNelson Rd Foot) t s 88th Ave ISLAND Lake 1st Ave Blundell Rd e r VIA RAIL Hawkins Pickle Rd

B y 7 Wolfe Rd Blundell Rd TOWNHOUSE Apartment APARTMENT Rd 216th St Topham Glover Rd r W »» After a rezoning application (706 East 57th Avenue formally 7350 Fraser Street) i l 84th Ave d 84th Ave e 1 Johnson Rd woodframe WOOD FRAME CONCRETE g rd Telegraph Tr Dewdney Trunk Rd e o Mission St Cedar was approved in September, 2014, the City of Vancouver has now received a N Rd lliwack Mtn Rd Rd Ford Richmond C.N.R. Nicomen Island Trunk Chi Francis Rd C.N.R. 22nd Ave Chilliwack Central Rd No. 1 Rd No. 4 Rd No. 3 Rd No. 5 Rd No. 6 Rd C.N.R. Annacis King George Highway N R Vancouver - East $180-$250 $150-$190 $125-$200 Paci”c Highway Harvie Rd Gilbert Rd i 80th Ave i Eagle Rd c development application to construct a six-storey, multiple-dwelling building St v o Railway Ave Railway Huston Rd 80th Ave e m Brown Rd Brown TILBURY e Rd Annis r n I

280th St s C.N.R. l R and T Garden City Rd City Garden run

ISLAND 80th Ave 7 Tyler d k Rd 1 containing 95 for-profit, affordable rental housing units, with 76 underground T

Williams Rd H H 14th Ave S o e Duke Rd t i 80th Ave o p g 76th Ave S co 76th Ave l ut Fraser River h e e h Fraser - Delta Thruway Fraser t Wy 7 t k

w g C.P.R. parking spaces, and a floor space ratio of 2.58 (approx. 68,852 SF). a

208th St 216th St 192nd St 200th St R Trans Canada Hwy

a r L Hurd St Hurd d y a Prairie Central Rd 112th St Scott Rd Scott

Vantage e 76th St 80th St p 168th St 176th St 184th St Steveston Hwy h 7th Ave v W Yale Rd 144th St 140th St

a 152nd St

River Rd 72nd Ave Newton Rd T t Progress Wy 72nd Ave 240th St r Surrey S Luckakuck Wy 72nd Ave V Wren St Wren 72nd Ave 72nd Ave 1st Ave Industrial Wy e d

Mission d

72nd St McTavish Rd Newton Rd C e

Moncton St Gibson Rd No. 2 Rd r Prest Rd Prest HWY 10 Rd Banford Shell Rd 91 64th Ave 10 City h

68th Ave SOUTHERN i George Massey Tunnel BYPASS R lli

d w ac R

Trans Canada Highway k i

17 RAILWAY W Yale Rd v e r

Kitson Pkwy Dyke Rd 64th Ave R Lickman Rd

SOUTHERN RAILWAY s d Satchell St Satchell a MATSQUI Upper Sum Mou 62B St 62B Glover Rd nta

64th Ave n

B.N.R. ISLAND Page Rd i

R

272nd St 1 Peters Rd

60th Ave Delta C.N.R. d 60th Ave Rd Chadsey S Sumas Rd Bailey Rd Logan Ave 58th Ave 148th St first half 2015 99 3 140th St Fore Rd 60th Ave 56th Ave Promontory Rd 56th Ave 11 Watson Rd W Douglas Cr d B.C. RAIL 208th St 56th Ave South Fraser Perimeter Road Perimeter South Fraser LANGLEY Harris Rd R r Mission-abbotsford Highway 56th Ave e 72nd St AIRPORT Sumas Prairie Rd Sumas Prairie iv Hopedale Rd R 53rd Ave Keith Wilson Rd Station Rd Colebrook Rd 160th St

Robertson Rd Robertson ok R Westham Island Rd olebro d C 304th St 296th St 10 Ladner Trunk Road St 288th Sinclair Rd 203rd St 203rd 48th Ave Fraser Highway d G Gladwin Rd R ra Riverside Rd Bell Rd in WESTHAM ISLAND de C Townshipline Rd unta C SOUTHERN RAILWAY 15 r 48th Ave Mo h 17A 48th Ave No. 3 Rd der il Dawson Rd Ved liw a r Old Yale Rd ck D L a r Rd ke u Straiton R h Clayburn Rd 44 Ave d

t Yarrow Central Rd r

328th St A 64th St 17 40th Ave 40th Ave 40th Ave 40th Ave 40th Ave Mud Bay Downes Rd S BOUNDARY BAY um Fireclay Rd No. 4 Rd 36th Ave as AIRPORT M Paci”c Highway

34B Ave t n North Parallel C.P.R.

Abbotsford R South Parallel

d Langley d R Cultus

d - BellinghamAldergrove Highway Deltaport Wy 32nd Ave Rd Boundary R 32nd Ave rn t ybu Lake

53rd St 53rd la d n 32nd Ave C R Atkinson Rd ce Su Old No. 5 Rd res m tn C as M 28th Ave S F W s

27B Ave w t erg a a 160th St Rd Clearbrook 168th St 184th St us m ie 28th Ave 28th Ave on y u v W S y 99 y er a South Fraser Way w B o 1A L 52nd St 56th St 188th St Old Yale 24th Ave 24th Ave Rd Campbell Rd 24th Ave 24th Ave

Ross Rd Ross Trans Canada Hwy Mt. Lehman Rd 152nd St 124th St 140th St 128th St

20th Ave 20th Ave McMillan Rd 20th Ave Marshall Rd Hwy Interprovincial 20th Ave 13 192nd St 1 16th Ave Rd Dixon 232nd St 208th St 240th St

216th St 200th St St 200th 224th St 248th St 256th St 272nd St White Rock Rd Lefeuvre Bradner Rd King Rd 16th Ave Wells Line Rd North Blu— Rd 16th Ave 16th Ave Marine Dr 12th Ave Peardonville Rd

B ABBOTSFORD 11 o

u Buena Vista Ave INTERNATIONAL

n 320th St d AIRPORT

a McCallum Rd r Cole Rd Rd McDermott Marion Rd Rd Powerhouse Whatcom Rd Whatcom y 264th St B ay 8th Ave Campbell River Rd 8th Ave Huntington Rd 8th Ave Vye Rd 6th Ave

R

Causeway Rd Roberts Point B.N.R. 8th Ave d BC FERRIES 176th St

TERMINAL 172nd St 176th St 1st Ave TSAWWASSEN CANADA CANADA 0 Ave Boundary Rd 0 Ave Boundary Rd Boundary Rd CANADA U.S.A. U.S.A. U.S.A. MARKET SUMMARY north shore

At mid-year 2015, the North Shore had experienced 13 multi-unit residential land transactions with a total volume of $33.8 million. Seven of the transactions were recorded as high density projects. Comparatively, at mid-year

2014, the North Shore only saw 7 transactions with a volume of $18.3 million; only two projects were high density. Buntzen Lake Capilano Lake

HIGHLIGHTS

»» Polygon Homes has applied to rezone the Mountain Court complex for a new 2 West r m D r multi-phase strata and rental project in four five-storey buildings. The current d h R A g u o n Vancouver o n r a a

r l

building is an older apartment complex built in 1968 on a 4.13 acre site. The project i i o D

p d b s a mar Rd n th n Ave e I u e C ra proposes a 75-unit market rental building and 68-unit strata building for99 phaseUpper So v B te Edgemont Blvd S Queens Ave Le ve one, and 180 units through two buildings in phase two. The project will have a total ls Delbrook 1 BC RAIL Mathers Ave d Pitt Lake Highway R E 29th St ur of 323 units over 325,387 SF at 1.81 FSR. Inglewood Ave o 21st St 11th St 11th m y Fulton Ave 1 Hyannis Dr e

S e

Lynn Valley Rd North t v

15th St A »» Earlier this year, the City of North Vancouver Council approved the development

E Riverside Dr M Taylor Wy Taylor

l Ma l rin e application from FDG Property Management for 161-165 East Keith road, permitting e F Vancouver Rd Dr y

Mountain Hwy Larson Rd a B 15th St ll e

ge Lonsdale Ave a 93 unit residential development, of which 41 units will be rental and the d Ave Chester”eld d w Harrison Lake i W 13th St Ave St Georges R d

r t e

B e B Berkley Rd Berkley

Welch St Mountain Hwy o e W W 3rd St E 3 Sunnyside Rd Sunnyside E Grand Blvd E Grand remainder stratified. t o Mt Seymour a K l Pkwy Harbourside Dr e l E i G s ith Harbourside Pl p L s l Rd East Rd n an o a E 3rd St i Lonsdale Quay de Rd Cove Deep L Brooksbank Ave ollarton Rd D Dollarton Hwy Main St d E Esplanade Ir l o OW Riverside Dr Port Moody 99 n Rd

W il r

o p

r k A

e

r Burrard Inlet s Dr a M Panoram

e m H

o Ioco Rd er

r it

i a

a Ba

l r g n

B et

H C.P.R. e

KEY SALES English Bay r ig

i h

McGill St d way g Eton St M

Burrard 7A DenmanDavie St St Waterfront e o La u nd Wy Pinetree n s Woodland Pipeline Rd t Paci”c St BASE FLOOR PDundasRICE StPER BUILDABLE d S t o a Lafarge Lake - Douglas ADDRESS PURCHASER PRICE SIZE (SF) w y Victoria Dr i ine Dr Granville n Johnson St s ar Vancouver n s M SPACE RATIO (FSR) SQUARE FOOT (BSF) E Hastings Street e B W City Centre e

n

l

N D Stadium/Chinatown v Simon Fraser h

d r Port Moody Centre g Lincoln Coast Meridian Rd Parker St University u Stave Lake 1. 1241 & 1289 East 27th Street Polygon Group $24,640,200 179,772 1.81 Venables St $76 Curtis St St. Johns St a Yaletown/ Coquitlam Central h Richardson Rd Poin Roundhouse Port Moody Centre Inlet Centre Coquitlam S t G Main St re Cornwall St G Central Cedar Dr y Rd a

Clark Dr g 2. 4343 Starlight Way University of W 4th Ave Polygon Group $6,380,000 Olympic Village111,209 n/a n/a l

Wesbrook Mall G Ave Gilmore r 1st Ave Willingdon Ave ar Prairie Ave Holdom St Gerald Ave Gerald e Sperling St d McNeil Rd at North VCC/Clark i W British Columbia ern Brentwood y Wy Dr Commercial Gilmore W 10th Ave W Broadway Town Centre 1

3. 467 Mountain Highway Wanson Development Ltd. $4,800,000 18,600 3.5 St Renfrew $74 Holdom Clarke Rd 4 Broadway/ Broadway Commercial Como Lake Ave Port Coquitlam 4 City Hall E Broadway Burquitlam th St

W 12th Ave Lougheed Highway Port Rd E 12th Ave Renfrew Rupert W 16th Ave Sperling/ Coquitlam

t

Burnaby Lake y Grandview Hwy ngs Burns Rd S Maple

Kingsway Ave

Lake City Way W

Canada Wy n

Kingsway r S Production Way/ i

e

W a Spri

University t n i Ridge M n

r Lougheed Highway

a u r King Edward Ave King Lougheed a o i Sprott St Linton St 7 n Nanaimo St

M

Edward St Rupert M Town Centre Rd Gatensbury e Winston St D Macdonald St Austin Ave r Nanaimo e Vancouver Rd Harris u Arbutus St l d

B Rd Neaves 29th Ave R Crown St Crown St Dunbar T

Blenheim St Harrison Hot Harrison Deer Lake Pkwy ra r St e W 33rd Ave E 33rd Ave ns Coquitlam Fern Cr v

Ca i n R

Broadway St Broadway 7

ad Dewdney Trunk Rd McCallum Rd

Joyce a t 132nd Ave

t

Hig 1 i 7 9 hw P Oakridge/41st Ave ay Brunette Ave W 41st Ave E 41st Ave Grange St Development & Rezoning Permits Burnaby Braid Shaughnessy North Rd W Boulevard United Blvd 128th Ave 128th Ave Earles St Pitt Patterson Hartley Rd 7 W 49th Ave Langara/ 7 Rd Cameron 6th St Mary Hill Bypass Meadows NOTABLE NEW DEVELOPMENTS: Average land SA49thL AveES RANGE (Price per Buildable49th Square Ave E Foot) Metrotown Hartley Ave Lougheed Hwy

Fraser St Fraser Knight St Canada Wy

Main St St Tyne Sapperton 124th Ave Victoria Dr P Pitt d Imperial St o R

r St 203rd 248th St Oak St Meadows Granville Street TOWNHOUSE Apartment APARTMENT Rd Spratt

Royal Rd Lake Stave W 57th Ave Rd Woolridge 256th St t r 227th St 224th St The City of North Vancouver has received a development application to rezone and 216th St »» St Laity

e

M 232nd St W 57th Ave Rd Boundary Oak 10th Ave DOUGLAS t Cambie St woodframe WOOD FRAME CONCRETE Kin gswa s y a C.P.R. Harrison Bay 264th St

t n e River ISLAND Dewdney Trunk Rd Dewdney Trunk Rd v consolidate properties located at 362-368 East 3rd Road for the development of a S 8th Ave n PITT MEADOWS l

y Limbert Rd

Rumble St B Hammond Rd S t r AIRPORT North Vancouver $130-$190 $100-$140 o $90-$160 6th Ave li Nelson Ave id six-storey, 40 unit market rental development. The OCP allows for a floor space Marine Dr SE Marine Dr l Kerr St Edmonds Columbia St Fraser 116th Ave Maple E g H Marine Dr e Meadows d Knight St Bridge 17 R a W 70th Ave N Kent Ave S Fraser Perimeter Rd iver Port n Royal Oak Ave Royal R e P Fraser Wy Haney y ratio of 1.6 with a density bonus of 1.0. Gilley Ave at B e MITCHELL u yp Kent Ave S l 112th Ave 207th St dgO Marine Wy ardson Queens Ave Columbia lo as ri a w W s k ISLAND Twigg Pl e y Bridge 112th Ave B t Scott Rd S VANCOUVER S e Bridge Rd g v »» Polygon Development has submitted a development permit to construct a mixed- t New 110th Ave C.N.R. 112th A 112th Ave n INTERNATIONAL i B 22nd St Westminster HOG Templeton a rid Grosvenor Rd L River d use project at 119-131 West Esplanade and 120 Carrie Cates Court. The development g ISLAND AIRPORT r Gateway 108th Ave R Sea Island u e Rd 108th Ave Centre th Wy e Ar Vulcan Byrne Rd BARNSTON k YVR C.N.R. a Wy Bridgeport L includes a two-storey commercial podium fronting West Esplanade andAirport a 15-storey Conachie 91A ISLAND Grant Mc e WINDERMERE ISLAND S Bridgeport Rd Scott Rd v

Fraser Wy 240th St a t 104th Ave t r 104th Ave FAIRFIELD residential building above a 3-storey commercial podium, facing Carrie SEACates 99 North Surrey S a Central er Farms Rd Farms ISLAND iv i ISLAND R Rd t ll Court. The application is currently on hold. K e O Aberdeen Cambie Rd Wilson St e b 256th St y Bridge Golden Ears 102nd Ave ys p

208th St t m f W 100th Ave 100th Ave o Dale Rd a r n C

G ke King George 100th Ave e a Q A Russ B 100th Ave 272nd St v e Vulcan Wy e u Fraser Highway

o e W d 280th St r e Rd R Alderbridge Wy i y Richmond Annacis Highway n l 156th St g ANNACIS 148th St 160th St e s 96th Ave s h s Castleman Rd 9

Lansdowne Albion Ferry r i bo 96th Ave o t No 1 r n e a o ISLAND 96th Ave Richards Ave A R

d River Rd u 99A C d River Rd g r pe first half 2015 91 De o a n h l

4 w Rd Young 192nd St C.N.R. t H l d Farms Rd Rd McGrath

i B MCMILLAN S n Westminster Hwy 92nd Ave r e G

i d e deg 92nd Ave y Lougheed Highway r E Brighouse Av ISLAND T Yal a r e R n A u Wellington Ave d e w n d l k y ve e Rd Chapman Rd 120th St 128th St 132nd St Ferndale Ave Cli x a Granville Ave Hatzic D y F 88th Ave 88th Ave CRESCENT H erw W r Fraser River 1A No. 9 Rd e a No. 8 Rd No. 7 Rd n Clay St Clay Nelson Rd t s 88th Ave ISLAND Lake 1st Ave Blundell Rd e r VIA RAIL Hawkins Pickle Rd

B y 7 Wolfe Rd Blundell Rd Rd 216th St Topham r W Glover Rd i l 84th Ave d 84th Ave e 1 Johnson Rd g rd Telegraph Tr Dewdney Trunk Rd e o Mission St Cedar N Rd lliwack Mtn Rd Rd Ford Richmond C.N.R. Nicomen Island Trunk Chi Francis Rd C.N.R. 22nd Ave Chilliwack Central Rd No. 1 Rd No. 4 Rd No. 3 Rd No. 5 Rd No. 6 Rd C.N.R. Annacis King George Highway N R Paci”c Highway Harvie Rd

Gilbert Rd i 80th Ave i Eagle Rd c St v o Railway Ave Railway Huston Rd 80th Ave e m Brown Rd Brown TILBURY e Rd Annis r n I

280th St s C.N.R. l R and T Garden City Rd City Garden run ISLAND 80th Ave 7 Tyler d k Rd 1

Williams Rd H H T 14th Ave S o e Duke Rd t i 80th Ave o p g 76th Ave S co 76th Ave l ut Fraser River h e e h Fraser - Delta Thruway Fraser t Wy 7 t k

w g C.P.R. a 208th St 216th St 192nd St 200th St R Trans Canada Hwy

a r L Hurd St Hurd d y a Prairie Central Rd 112th St Scott Rd Scott

Vantage e 76th St 80th St p 168th St 176th St 184th St Steveston Hwy h 7th Ave v W Yale Rd 144th St 140th St

a 152nd St

River Rd 72nd Ave Newton Rd T t Progress Wy 72nd Ave 240th St r Surrey S Luckakuck Wy 72nd Ave V Wren St Wren 72nd Ave 72nd Ave 1st Ave Industrial Wy e d

Mission d

72nd St McTavish Rd Newton Rd C e

Moncton St Gibson Rd No. 2 Rd r HWY 10 Rd Prest Rd Banford Shell Rd 91 64th Ave 10 City h

68th Ave SOUTHERN i George Massey Tunnel BYPASS R lli

d w ac R

Trans Canada Highway k i

17 RAILWAY W Yale Rd v e r

Kitson Pkwy Dyke Rd 64th Ave R Lickman Rd

SOUTHERN RAILWAY s d Satchell St Satchell a MATSQUI Upper Sum Mou 62B St 62B Glover Rd nta

64th Ave n

B.N.R. ISLAND Page Rd i

R

272nd St 1 Peters Rd

60th Ave Delta C.N.R. d 60th Ave Rd Chadsey S Sumas Rd Bailey Rd Logan Ave 58th Ave 148th St 99 140th St Fore Rd 60th Ave 56th Ave Promontory Rd 56th Ave 11 Watson Rd W Douglas Cr d B.C. RAIL 208th St 56th Ave South Fraser Perimeter Road Perimeter South Fraser LANGLEY Harris Rd R r Mission-abbotsford Highway 56th Ave e 72nd St AIRPORT Sumas Prairie Rd Sumas Prairie iv Hopedale Rd R 53rd Ave Keith Wilson Rd Station Rd Colebrook Rd 160th St

Robertson Rd Robertson ok R Westham Island Rd olebro d C 304th St 296th St 10 Ladner Trunk Road St 288th Sinclair Rd 203rd St 203rd 48th Ave Fraser Highway d G Gladwin Rd R ra Riverside Rd Bell Rd in WESTHAM ISLAND de C Townshipline Rd unta C SOUTHERN RAILWAY 15 r 48th Ave Mo h 17A 48th Ave No. 3 Rd der il Dawson Rd Ved liw a r Old Yale Rd ck D L a r Rd ke u Straiton R h Clayburn Rd 44 Ave d

t Yarrow Central Rd r

328th St A 64th St 17 40th Ave 40th Ave 40th Ave 40th Ave 40th Ave Mud Bay Downes Rd S BOUNDARY BAY um Fireclay Rd No. 4 Rd 36th Ave as AIRPORT M Paci”c Highway

34B Ave t n North Parallel C.P.R.

Abbotsford R South Parallel

d Langley d R Cultus

d - BellinghamAldergrove Highway Deltaport Wy 32nd Ave Rd Boundary R 32nd Ave rn t ybu Lake

53rd St 53rd la d n 32nd Ave C R Atkinson Rd ce Su Old No. 5 Rd res m tn C as M 28th Ave S F W s

27B Ave w t erg a a 160th St Rd Clearbrook 168th St 184th St us m ie 28th Ave 28th Ave on y u v W S y 99 y er a South Fraser Way w B o 1A L 52nd St 56th St 188th St Old Yale 24th Ave 24th Ave Rd Campbell Rd 24th Ave 24th Ave

Ross Rd Ross Trans Canada Hwy Mt. Lehman Rd 152nd St 124th St 140th St 128th St

20th Ave 20th Ave McMillan Rd 20th Ave Marshall Rd Hwy Interprovincial 20th Ave 13 192nd St 1 16th Ave Rd Dixon 232nd St 208th St 240th St

216th St 200th St St 200th 224th St 248th St 256th St 272nd St White Rock Rd Lefeuvre Bradner Rd King Rd 16th Ave Wells Line Rd North Blu— Rd 16th Ave 16th Ave Marine Dr 12th Ave Peardonville Rd

B ABBOTSFORD 11 o

u Buena Vista Ave INTERNATIONAL

n 320th St d AIRPORT

a McCallum Rd r Cole Rd Rd McDermott Marion Rd Rd Powerhouse Whatcom Rd Whatcom y 264th St B ay 8th Ave Campbell River Rd 8th Ave Huntington Rd 8th Ave Vye Rd 6th Ave

R

Causeway Rd Roberts Point B.N.R. 8th Ave d BC FERRIES 176th St

TERMINAL 172nd St 176th St 1st Ave TSAWWASSEN CANADA CANADA 0 Ave Boundary Rd 0 Ave Boundary Rd Boundary Rd CANADA U.S.A. U.S.A. U.S.A. Buntzen Lake Capilano Lake

West r m D r d

h R A g u o n Vancouver o n r a a

r l i i o D

p d b s a mar Rd n th n Ave e I u e C ra 99 Upper So v B te Edgemont Blvd S Queens Ave Le ve ls Delbrook BC RAIL Mathers Ave d Pitt Lake Highway R E 29th St ur Inglewood Ave o 21st St 11th St 11th m y Fulton Ave 1 Hyannis Dr e

S e Lynn Valley Rd North t v

15th St

A

E Riverside Dr M Taylor Wy Taylor

l Ma l rin e e F Vancouver Rd Dr y

Mountain Hwy Larson Rd a B 15th St ll e

ge Lonsdale Ave d Ave Chester”eld d w Harrison Lake i W 13th St Ave St Georges R d

r t e

B e B Berkley Rd Berkley

Welch St Mountain Hwy o e W W 3rd St E Sunnyside Rd Sunnyside E Grand Blvd E Grand t o Mt Seymour a K l Pkwy Harbourside Dr e l E i G s ith Harbourside Pl p L s l Rd East Rd n an o a E 3rd St i Lonsdale Quay de Rd Cove Deep L Brooksbank Ave ollarton Rd D Dollarton Hwy Main St d E Esplanade Ir l o OW Riverside Dr Port Moody 99 n Rd

W il r

o p

r k A

e

r Burrard Inlet s Dr a M Panoram

e m H

o Ioco Rd er

r it

i a

a Ba

l r g n

B et

H C.P.R. e

English Bay r ig

i h

McGill St d way g Eton St M

Burrard 7A DenmanDavie St St Waterfront e o La u nd Wy Pinetree n s Woodland Pipeline Rd t Paci”c St Dundas St d S t o a w Lafarge Lake - Douglas y Victoria Dr i ine Dr Granville n Johnson St s ar Vancouver n s M E Hastings Street e B W City Centre e

n

l

N D Stadium/Chinatown v Simon Fraser h

d r Port Moody Centre g Lincoln Coast Meridian Rd Parker St University u Stave Lake Venables St Curtis St St. Johns St a Yaletown/ Coquitlam Central h Richardson Rd Poin Roundhouse Port Moody Centre Inlet Centre Coquitlam S t G Main St re Cornwall St G Central Cedar Dr y Rd a

Clark Dr g University of W 4th Ave Olympic Village l

Wesbrook Mall G Ave Gilmore r 1st Ave Willingdon Ave ar Prairie Ave Holdom St Gerald Ave Gerald e Sperling St d McNeil Rd at North VCC/Clark i W British Columbia ern Brentwood y Wy Dr Commercial Gilmore W 10th Ave W Broadway Town Centre 1

Renfrew St Renfrew Holdom Clarke Rd 4 Broadway/ Broadway Commercial Como Lake Ave Port Coquitlam 4 City Hall E Broadway Burquitlam th St

W 12th Ave Lougheed Highway Port Rd E 12th Ave Renfrew Rupert W 16th Ave Sperling/ Coquitlam

t

MARKET SUMMARY Burnaby Lake y Grandview Hwy ngs Burns Rd S Maple

Kingsway Ave

Lake City Way W

Canada Wy n

Kingsway r S Production Way/ i

e

W a Spri

University t n i Ridge M n

r Lougheed Highway

a u r King Edward Ave King Lougheed a o i Sprott St Linton St 7 n Nanaimo St

M

Edward St Rupert M Town Centre Rd Gatensbury e Winston St richmond D Macdonald St Austin Ave r Nanaimo e Vancouver Rd Harris u Arbutus St l d

B Rd Neaves 29th Ave R Crown St Crown St Dunbar T

Blenheim St Harrison Hot Harrison Deer Lake Pkwy ra r St e W 33rd Ave E 33rd Ave ns Coquitlam Fern Cr v

Ca i n R

Broadway St Broadway 7

ad Dewdney Trunk Rd McCallum Rd

Joyce a t 132nd Ave

t

Hig 1 i 7 9 hw P Oakridge/41st Ave ay Brunette Ave W 41st Ave E 41st Ave Grange St Looking at the first-half of 2014 compared to the first-half of 2015, multi-unit residential land sales saw a slight Shaughnessy Burnaby Braid North Rd W Boulevard United Blvd 128th Ave 128th Ave Earles St Pitt Patterson Hartley Rd 7 W 49th Ave Langara/ 7 Rd Cameron 6th St Mary Hill Bypass Meadows drop in transactions from 19 to 17, respectively. Volume has also declined from approximately49th Ave $117 million in the 49th Ave E Metrotown Hartley Ave Lougheed Hwy

Fraser St Fraser Knight St Canada Wy

Main St St Tyne Sapperton 124th Ave Victoria Dr P Pitt d Imperial St o R

r St 203rd 248th St Oak St Meadows Granville Street Spratt Rd Spratt

Royal Rd Lake Stave W 57th Ave Rd Woolridge 256th St t r 227th St 224th St 216th St St Laity e

M 232nd St W 57th Ave Rd Boundary Oak first half of 2014 to $29 million in the first half of 2015. 10th Ave DOUGLAS t

Cambie St Kingswa s y a C.P.R. Harrison Bay 264th St

t n e River ISLAND Dewdney Trunk Rd Dewdney Trunk Rd v S 8th Ave n PITT MEADOWS l

y Limbert Rd

Rumble St B Hammond Rd S t r AIRPORT o 6th Ave li Nelson Ave id Marine Dr SE Marine Dr l Kerr St Edmonds Columbia St Fraser 116th Ave Maple E g H Marine Dr e Meadows d Knight St Bridge 17 R a W 70th Ave N Kent Ave S Fraser Perimeter Rd iver Port n Royal Oak Ave Royal R e P Fraser Wy Haney y Gilley Ave at B e MITCHELL u yp Kent Ave S l 112th Ave 207th St dgO Marine Wy ardson Queens Ave Columbia lo as ri a w W s k ISLAND Twigg Pl e y Bridge 112th Ave B t Scott Rd S VANCOUVER S e Bridge Rd g v t New 110th Ave C.N.R. 112th A 112th Ave n INTERNATIONAL i B 22nd St Westminster HOG Templeton a rid Grosvenor Rd L River d g ISLAND AIRPORT r Gateway 108th Ave R HIGHLIGHTSHIGHLIGHTS Sea Island u e Rd 108th Ave Centre th Wy e Ar Vulcan Byrne Rd BARNSTON k YVR C.N.R. a Wy Bridgeport L Airport Conachie 91A ISLAND Grant Mc e WINDERMERE ISLAND S Bridgeport Rd Scott Rd v

Fraser Wy 240th St a »» MYIE Group applied for a development permit in early 2015 for the constructiont of 104th Ave t r 104th Ave FAIRFIELD SEA 99 North Surrey S a Central er Farms Rd Farms ISLAND iv i ISLAND R Rd Richmond’s International Trade Centre. Located at 8451 Bridgeport Road,t the ll K e O Aberdeen Cambie Rd Wilson St e b 256th St y Bridge Golden Ears 102nd Ave ys p

208th St t m f W 100th Ave 100th Ave o Dale Rd Ca 71,350 square foot site is slated to hold retail, hotel, restaurant, and office. With a r n

G ke King George 100th Ave e a Q A Russ B 100th Ave 272nd St v e Vulcan Wy e u Fraser Highway

o d total density of 3.0 FSR (214,000 SF.), the project is anticipated to have three e W 280th St r e Rd R Alderbridge Wy i y Richmond Annacis Highway n l 156th St g ANNACIS 148th St 160th St e s 96th Ave s h s Castleman Rd 9

Lansdowne Albion Ferry r i bo 96th Ave o t No 1 r n e a o ISLAND 96th Ave Richards Ave A R

towers: 9 storeys, 12 storeys (office), and 14 storeys (hotel), with a common five- d River Rd u 99A C d River Rd g r pe 91 De o a n

h l

w Rd Young 192nd St C.N.R. t H l d Farms Rd Rd McGrath

i B MCMILLAN S n storey podium that includes retail. The office component will be stratified, which Westminster Hwy 92nd Ave r e G

i d e deg 92nd Ave y Lougheed Highway r E Brighouse Av ISLAND T Yal a r e R n A u Wellington Ave d is largely due to the success of Aberdeen Square. e w n d l k y 1 ve e Rd Chapman Rd 120th St 128th St 132nd St Ferndale Ave Cli x a Granville Ave Hatzic D y F 88th Ave 88th Ave CRESCENT H erw W r Fraser River 1A No. 9 Rd e a No. 8 Rd No. 7 Rd n Clay St Clay Nelson Rd t »» Richmond City Council is in the process of terminating all (93) Land Use Contracts s 88th Ave ISLAND Lake 1st Ave Blundell Rd e r VIA RAIL Hawkins Pickle Rd

B y 7 Wolfe Rd Blundell Rd Rd 216th St Topham Glover Rd (LUC) that include single-family properties within the City of Richmond. Several of r W i l 84th Ave d 84th Ave e 1 Johnson Rd g rd Telegraph Tr Dewdney Trunk Rd 4 e St Cedar o Mission the LUC’s also include multi-family, commercial, industrial, and institutional N Rd lliwack Mtn Rd Rd Ford 3 Richmond C.N.R. Nicomen Island Trunk Chi Francis Rd C.N.R. 22nd Ave Chilliwack Central Rd No. 1 Rd No. 4 Rd No. 3 Rd No. 5 Rd No. 6 Rd C.N.R. Annacis King George Highway N R Paci”c Highway Harvie Rd

Gilbert Rd i 80th Ave i Eagle Rd c properties; a public hearing is expected to commence late 2015. This movement is St v o Railway Ave Railway Huston Rd 80th Ave e m Brown Rd Brown TILBURY e Rd Annis r n I

280th St s C.N.R. l R and T Garden City Rd City Garden run

ISLAND 80th Ave 7 Tyler d k Rd 1 designed to open up the potential of these sites and allow the landlord to achieve T

Williams Rd H H 14th Ave S o e Duke Rd t i 80th Ave o p g 76th Ave S 2 co 76th Ave l ut Fraser River h e e h Fraser - Delta Thruway Fraser t Wy 7 t k

the highest and best use. w g C.P.R. a 208th St 216th St 192nd St 200th St R Trans Canada Hwy

a r L Hurd St Hurd d y a Prairie Central Rd 112th St Scott Rd Scott

Vantage e 76th St 80th St p 168th St 176th St 184th St Steveston Hwy h 7th Ave v W Yale Rd 144th St 140th St

a 152nd St

River Rd 72nd Ave Newton Rd T t Progress Wy 72nd Ave 240th St r Surrey S Luckakuck Wy 72nd Ave V Wren St Wren 72nd Ave 72nd Ave 1st Ave Industrial Wy e d

Mission d

72nd St McTavish Rd Newton Rd C e

Moncton St Gibson Rd No. 2 Rd r HWY 10 Rd Prest Rd Banford Shell Rd 91 64th Ave 10 City h

68th Ave SOUTHERN i KEY SALES George Massey Tunnel BYPASS R lli

d w ac R

Trans Canada Highway k i

17 RAILWAY W Yale Rd v

BASE FLOOR PRICE PER BUILDABLE e r

PURCHASER PRICE SIZE (SF) Kitson Pkwy Dyke Rd 64th Ave R SPACE RATIO (FAR) SQUARE FOOT (BSF) Lickman Rd

SOUTHERN RAILWAY s d Satchell St Satchell a MATSQUI Upper Sum Mou 62B St 62B Glover Rd nta

64th Ave n

B.N.R. ISLAND Page Rd i

R

272nd St 1 Peters Rd

1. 7400, 7420, 7440 Railway Avenue $4,500,000 32,539 0.60 $230 60th Ave Delta C.N.R. d 60th Ave Rd Chadsey S Sumas Rd Bailey Rd Logan Ave 58th Ave 148th St 2. 9851 & 9891 Steveston Highway & 10931 Southgate Road $3,050,000 27,094 n/a n/a 99 140th St Fore Rd 60th Ave 56th Ave Promontory Rd 56th Ave 11 Watson Rd W Douglas Cr d B.C. RAIL 208th St 56th Ave 3. 9231 & 9211 No. 2 Road $2,825,000 24,742 0.6 $190 Road Perimeter South Fraser LANGLEY Harris Rd R r Mission-abbotsford Highway 56th Ave e 72nd St AIRPORT Sumas Prairie Rd Sumas Prairie iv Hopedale Rd R 53rd Ave Keith Wilson Rd 4. 9040, 9060, 9080 No.2 Road $2,520,000 19,951 n/a n/a Station Rd Colebrook Rd 160th St

Robertson Rd Robertson ok R Westham Island Rd olebro d C 304th St 296th St 10 Ladner Trunk Road St 288th Sinclair Rd 203rd St 203rd 48th Ave Fraser Highway d G Gladwin Rd R ra Riverside Rd Bell Rd in WESTHAM ISLAND de C Townshipline Rd unta C SOUTHERN RAILWAY 15 r 48th Ave Mo h 17A 48th Ave No. 3 Rd der il Dawson Rd Ved liw a r Old Yale Rd ck D L a r Rd ke u Straiton R h Clayburn Rd 44 Ave d

t Yarrow Central Rd r

328th St A 64th St 17 40th Ave 40th Ave 40th Ave 40th Ave 40th Ave Mud Bay Downes Rd S BOUNDARY BAY um Fireclay Rd No. 4 Rd Development & Rezoning Permits 36th Ave as AIRPORT M Paci”c Highway

34B Ave t n North Parallel C.P.R.

Abbotsford R South Parallel

d NOTABLE NEW DEVELOPMENTS: Average land SALES RANGE (Price per Buildable Square Foot) Langley d R Cultus

d - BellinghamAldergrove Highway Deltaport Wy 32nd Ave Rd Boundary R 32nd Ave rn t ybu Lake

53rd St 53rd la d TOWNHOUSE Apartment APARTMENT n 32nd Ave C R Atkinson Rd »» Polygon has applied to rezone 7.83 acres of a 13 are site located at 10440 and ce Su Old No. 5 Rd res m tn woodframe WOOD FRAME CONCRETE C as M 28th Ave S F W s

27B Ave w t erg a a 160th St Rd Clearbrook 10460 No.2 road from “School and Institutional Use” to “Town Housing”, which 168th St 184th St us m ie 28th Ave 28th Ave on y u v W S y 99 y er Richmond $150 $70 $85 a South Fraser Way w would permit a 133 unit townhouse development. The preliminary density plans for B o 1A L 52nd St 56th St 188th St Old Yale this site are at a density of 0.72 FSR or 247,496 SF That City of Richmond notes 24th Ave 24th Ave Rd Campbell Rd 24th Ave 24th Ave

Ross Rd Ross Trans Canada Hwy that the density has a maximum FSR of over 0.75x. The remaining 5 acres will be Mt. Lehman Rd 152nd St 124th St 140th St 128th St

20th Ave 20th Ave McMillan Rd 20th Ave Marshall Rd Hwy Interprovincial transferred to the City and “School and Institutional Use” will be maintained. 20th Ave 13 192nd St 1 16th Ave Rd Dixon 232nd St 208th St 240th St

216th St 200th St St 200th 224th St 248th St 256th St 272nd St White Rock Rd Lefeuvre Bradner Rd King Rd 16th Ave Wells Line Rd North Blu— Rd 16th Ave 16th Ave Marine Dr 12th Ave Peardonville Rd

B ABBOTSFORD 11 o

u Buena Vista Ave INTERNATIONAL

n 320th St d AIRPORT

a McCallum Rd r Cole Rd Rd McDermott Marion Rd Rd Powerhouse Whatcom Rd Whatcom y 264th St B ay 8th Ave Campbell River Rd 8th Ave Huntington Rd 8th Ave Vye Rd 6th Ave

R

Causeway Rd Roberts Point B.N.R. 8th Ave d BC FERRIES 176th St

first half 2015 TERMINAL 5 172nd St 176th St 1st Ave TSAWWASSEN CANADA CANADA 0 Ave Boundary Rd 0 Ave Boundary Rd Boundary Rd CANADA U.S.A. U.S.A. U.S.A. Buntzen Lake MARKET SUMMARY Capilano Lake burnaby/new westminsTer

West r m D r d

h R A g u o n Vancouver o n r a a

r l i i o D

p d b s a mar Rd n th n Ave e I u e C ra 99 Upper So v B Burnaby continues to be one of the mostte soughtEdgemont Blvd after markets for investment, which is a sentiment carried forward S Queens Ave Le ve ls Delbrook BC RAIL Mathers Ave d Pitt Lake Highway R E 29th St ur Inglewood Ave o 21st St 11th St 11th m Hyannis Dr y from our last two reports. ThroughFulton Ave the first 1 half of 2015, Burnaby experienced 24e transactions totaling a volume

S e Lynn Valley Rd North t v

15th St

A

E Riverside Dr M Taylor Wy Taylor

l Ma l rin e e F Vancouver Rd Dr y

Mountain Hwy Larson Rd a B amount of approximately $162 million dollars,15th St up from 18 sales at $70.7 million the year prior. With ambitiousll plans e

ge Lonsdale Ave d Ave Chester”eld d w Harrison Lake i W 13th St Ave St Georges R d

r t e

B e B Berkley Rd Berkley

Welch St Mountain Hwy o e W W 3rd St E Sunnyside Rd Sunnyside E Grand Blvd E Grand t o Mt Seymour a K l Pkwy Harbourside Dr e l E i G s ith Harbourside Pl p L s l Rd East Rd n an set out by the City of Burnaby earliero this year, futurea E 3rd growthSt is expected in the Woodlands Neighbourhood and i Lonsdale Quay de Rd Cove Deep L Brooksbank Ave ollarton Rd D Dollarton Hwy Main St d E Esplanade Ir l o OW Riverside Dr Port Moody 99 n Rd

W il r

o p

Lougheed Town Centre areas. r k A

e

r Burrard Inlet s Dr a M Panoram

e m H

o Ioco Rd er

r it

i a

a Ba

l r g n

B et

H C.P.R. e

English Bay r ig

HIGHLIGHTSHIGHLIGHTS i h

McGill St d way g Eton St M

Burrard 7A DenmanDavie St St Waterfront e o La u nd Wy Pinetree n s Woodland Pipeline Rd t Paci”c St Dundas St d S t o a w Lafarge Lake - Douglas y Victoria Dr i ine Dr Granville n Johnson St s ar Vancouver n s M E Hastings Street e B W City Centre e

n

l Over the pastN year, the City of Burnaby planning department has been working on D »» Stadium/Chinatown v Simon Fraser h

d r Port Moody Centre g Lincoln Coast Meridian Rd Parker St University u Stave Lake Venables St Curtis St St. Johns St a Yaletown/ Coquitlam Central h Richardson Rd the redevelopment of the LougheedP oTownin Centre site, which includesRoundhouse Lougheed Mall Port Moody Centre Inlet Centre Coquitlam S t G Main St re Cornwall St G Central Cedar Dr y Rd a

Clark Dr g University of W 4th Ave Olympic Village l

Wesbrook Mall G Ave Gilmore r 1st Ave Willingdon Ave ar Prairie Ave Holdom St Gerald Ave Gerald e Sperling St d McNeil Rd (owned by Shape Properties). The focus of this plan is similar to the Brentwoodat North planVCC/Clark i W British Columbia ern Brentwood y Wy Dr Commercial Gilmore W 10th Ave W Broadway Town Centre 1

Renfrew St Renfrew Holdom Clarke Rd 4 Broadway/ Broadway Commercial Como Lake Ave Port Coquitlam 4 City Hall E Broadway Burquitlam th and is undoubtedly triggered by the arrival of the EvergreenW 12th Ave line in 2016 and Lougheed Highway Port St E 12th Ave Renfrew Rupert W 16th Ave Sperling/ Coquitlam

t Grandview Hwy Burnaby Lake y Burns Rd S Maple

Kingsway Ave

Lake City Way W

Burnaby’s efforts to induce high density projects around major transit hubs. The plan Canada Wy n

Kingsway r S Production Way/ i

e W a

University t n i Ridge M n

r Lougheed Highway

a u r King Edward Ave King Lougheed a o i Sprott St Linton St 7 n Nanaimo St

M

includes 12.2 million square feet of residential (5.0 FSR) deliveredEdward through towers St Rupert M Town Centre Rd Gatensbury e Winston St D Macdonald St Austin Ave r Nanaimo e Vancouver Rd Harris u Arbutus St l d

B Rd Neaves 29th Ave R Crown St Crown St Dunbar T

Blenheim St Harrison Hot Springs Rd Springs Hot Harrison up to 60-storeys in height. The plan also includes a potential of 14.9 million square Deer Lake Pkwy ra r St e W 33rd Ave E 33rd Ave ns Coquitlam Fern Cr v

Ca i n R

Broadway St Broadway 7

ad Dewdney Trunk Rd McCallum Rd

Joyce a t 132nd Ave t

feet, or 6.0 FSR, of commercial space, five public arenas including a park, and CAC’s Hig 1 i 7 9 1 hw P Oakridge/41st Ave ay Brunette Ave W 41st Ave E 41st Ave Grange St Burnaby Braid Shaughnessy North Rd W Boulevard 2 United Blvd 128th Ave 128th Ave that will include the replacement of Cameron Recreation Centre and Cameron Earles St 3 Pitt Patterson 4 Hartley Rd 7 W 49th Ave Langara/ 7 Rd Cameron 6th St Mary Hill Bypass Meadows Library. 49th Ave 49th Ave E Metrotown Hartley Ave Lougheed Hwy Fraser St Fraser Knight St Canada Wy

Main St St Tyne Sapperton 124th Ave Victoria Dr P Pitt d Imperial St o R

r St 203rd 248th St Oak St Meadows Granville Street Spratt Rd Spratt

Royal Rd Lake Stave W 57th Ave Rd Woolridge 256th St t r 227th St 224th St 216th St St Laity e

M 232nd St W 57th Ave Rd Boundary Oak 10th Ave DOUGLAS t

Cambie St Kingswa s y a C.P.R. Harrison Bay 264th St

t n e River ISLAND Dewdney Trunk Rd Dewdney Trunk Rd v Another large initiative set out by the City of Burnaby is the redevelopment of the S 8th Ave n PITT MEADOWS l »» y Limbert Rd

Rumble St B Hammond Rd S t r AIRPORT o 6th Ave li Nelson Ave id Marine Dr SE Marine Dr l Kerr St Edmonds Columbia St Fraser 116th Ave Maple E g H Marine Dr e Meadows d Knight St Bridge 17 R a Woodlands neighbourhood, which was put forward by ConcordW 70th Ave Pacific.N Kent Ave The 26-acre S Fraser Perimeter Rd iver Port n Royal Oak Ave Royal R e P Fraser Wy Haney y Gilley Ave at B e MITCHELL u yp gO Kent Ave S Marine Wy rds l 112th Ave 207th St id a on Queens Ave Columbia lo as area is set to be divided into six areas, which will includer a a diverse set of housing ew W ridge s 112th Ave k ISLAND Twigg Pl y B B t Scott Rd S VANCOUVER S e Bridge Rd g v t New 110th Ave C.N.R. 112th A 112th Ave n INTERNATIONAL i B 22nd St Westminster HOG Templeton a rid Grosvenor Rd L d stock ranging from 35 to 55 storey residential high-rises, mid-rise 4-storey buildings, River ISLAND g AIRPORT r Gateway 108th Ave R Sea Island u e Rd 108th Ave Centre th Wy e Ar Vulcan Byrne Rd BARNSTON k YVR C.N.R. a Wy Bridgeport L Airport Conachie 91A ISLAND Grant Mc e WINDERMERE ISLAND and low-rise units.S The project also proposes a 13.32 acre park that Bridgeportcould Rd include a Scott Rd v

Fraser Wy 240th St a t 104th Ave t r 104th Ave FAIRFIELD SEA 99 North Surrey S a Central er Farms Rd Farms ISLAND iv i ISLAND R Rd new elementary school.t ll K e O Aberdeen Cambie Rd Wilson St e b 256th St y Bridge Golden Ears 102nd Ave ys p

208th St t m f W 100th Ave 100th Ave o Dale Rd a r n C

G ke King George 100th Ave e a Q A Russ B 100th Ave 272nd St v e Vulcan Wy e u Fraser Highway

o e W d 280th St r e Rd R Alderbridge Wy i y Richmond Annacis Highway n l 156th St g ANNACIS 148th St 160th St e s 96th Ave s h s Castleman Rd 9

Lansdowne Albion Ferry r i bo 96th Ave o t No 1 r n e a o ISLAND 96th Ave Richards Ave A R

d KEY SALES River Rd u 99A C d River Rd g r pe 91 De o a n

h l

w Rd Young 192nd St C.N.R. t H l d Farms Rd Rd McGrath

i B MCMILLAN S n Westminster Hwy 92nd Ave r e G

i d e deg 92nd Ave y Lougheed Highway r E Brighouse Av ISLAND T Yal B ASE FLOOR PRICE PER BUILDABLE a r e R n A u Wellington Ave d e w n d l k y ADDRESS PURCHASER PRICE SIZE (SF) ve e Rd Chapman Rd 120th St 128th St 132nd St Ferndale Ave Cli x a Granville Ave Hatzic SPACED Ry ATIOF (FSR) SQUARE88th F OOTAve (BSF) 88th Ave CRESCENT H erw W r Fraser River 1A No. 9 Rd e a No. 8 Rd No. 7 Rd n Clay St Clay Nelson Rd t s 88th Ave ISLAND Lake 1st Ave Blundell Rd e r VIA RAIL Hawkins Pickle Rd

B y 7 Wolfe Rd Blundell Rd Rd 216th St Topham Glover Rd r W Concord Pacific/Sears i l 84th Ave d 84th Ave e 1 Johnson Rd g rd Telegraph Tr Dewdney Trunk Rd 1. 4750 Kingsway $100,000,000 390,013 n/ae o n/a Mission St Cedar N Rd lliwack Mtn Rd Rd Ford RichmondCanada (Joint Venture) C.N.R. Nicomen Island Trunk Chi Francis Rd C.N.R. 22nd Ave Chilliwack Central Rd No. 1 Rd No. 4 Rd No. 3 Rd No. 5 Rd No. 6 Rd C.N.R. Annacis King George Highway N R Paci”c Highway Harvie Rd

Gilbert Rd i 80th Ave i Eagle Rd c St v o Railway Ave Railway Huston Rd 80th Ave e m Brown Rd Brown TILBURY e Rd Annis r n I

280th St s C.N.R. l R and T Garden City Rd City Garden run

ISLAND 80th Ave 7 Tyler d k Rd 1 2. 6380 Silver Avenue Belford Properties $38,782,000 82,935 6.34 $74 T

Williams Rd H H 14th Ave S o e Duke Rd t i 80th Ave o p g 76th Ave S co 76th Ave l ut Fraser River h e e h Fraser - Delta Thruway Fraser t Wy 7 t k

w g C.P.R. a 208th St 216th St 192nd St 200th St R Trans Canada Hwy

a r L Hurd St Hurd d y a Prairie Central Rd 112th St Scott Rd Scott

Vantage e 76th St 80th St p 168th St 176th St 184th St Steveston Hwy h 7th Ave v W Yale Rd 144th St 3. 4675 Imperial Street Gur Mehar Holdings Ltd. $16,158,000 69,404 1.10 $212 140th St

a 152nd St

River Rd 72nd Ave Newton Rd T t Progress Wy 72nd Ave 240th St r Surrey S Luckakuck Wy 72nd Ave V Wren St Wren 72nd Ave 72nd Ave 1st Ave Industrial Wy e d

Mission d

72nd St McTavish Rd Newton Rd C e

5025 Imperial Street & Moncton St Amacon Development Gibson Rd No. 2 Rd r HWY 10 Rd Prest Rd Banford Shell Rd 91 64th Ave 10 City h

68th Ave SOUTHERN i 4. George Massey Tunnel $12,700,000 29,708 4.88* $88 BYPASS R lli

d w ac R

Trans Canada Highway k 67219, 6789 Marlborough Avenue Corp. i

17 RAILWAY W Yale Rd v e r

Kitson Pkwy Dyke Rd 64th Ave R Lickman Rd

SOUTHERN RAILWAY s d Satchell St Satchell a *based on proposed density MATSQUI Upper Sum Mou 62B St 62B Glover Rd nta

64th Ave n

B.N.R. ISLAND Page Rd i

R

272nd St 1 Peters Rd

60th Ave Delta C.N.R. d 60th Ave Rd Chadsey S Sumas Rd Bailey Rd Logan Ave 58th Ave 148th St 99 140th St Fore Rd 60th Ave 56th Ave Promontory Rd Development & Rezoning Permits 56th Ave 11 Watson Rd W Douglas Cr d B.C. RAIL 208th St 56th Ave South Fraser Perimeter Road Perimeter South Fraser LANGLEY Harris Rd R r Mission-abbotsford Highway 56th Ave e 72nd St AIRPORT Hopedale Rd iv Rd Sumas Prairie R 53rd Ave Keith Wilson Rd Station Rd Colebrook Rd

NOTABLE NEW DEVELOPMENTS: Average land SALES RANGE (Price per Buildable Square Foot) 160th St

Robertson Rd Robertson ok R Westham Island Rd olebro d C 304th St 296th St 10 Ladner Trunk Road St 288th Sinclair Rd 203rd St 203rd TOWNHOUSE Apartment APARTMENT 48th Ave Fraser Highway d G Gladwin Rd R ra Riverside Rd Bell Rd in »» 6280 Cassie Avenue and 6331, 6363,WESTHAM 6377 ISLAND McKay Avenue: Rize Alliance has de C Townshipline Rd unta C SOUTHERN RAILWAY 15 r 48th Ave Mo h 17A 48th Ave No. 3 Rd der il woodframe WOOD FRAME CONCRETE Dawson Rd Ved liw a r Old Yale Rd ck requested this site be rezoned from RM3 Multiple Family Residential toD CD L a r Rd ke u Straiton R h Clayburn Rd 44 Ave d

t Edmonds $90-$120 $80-$110 $70-$90 Yarrow Central Rd r

328th St A Comprehensive Development, which will allow the development of two residential 64th St 17 40th Ave 40th Ave 40th Ave 40th Ave 40th Ave Mud Bay Downes Rd S BOUNDARY BAY um Fireclay Rd No. 4 Rd 36th Ave as apartment buildings at 41 -storeys and 26-storeys, respectively. There will also be BrentwoodAIRPORT $90-$100 $75-$90 $75-$100 M Paci”c Highway

34B Ave t n North Parallel C.P.R.

Abbotsford R South Parallel

d Langley d a townhouse component and a commercial office-retail component. Residential R Cultus

Metrotown $110-$125 $90-$120 $90-$140 d - BellinghamAldergrove Highway Deltaport Wy 32nd Ave Rd Boundary R 32nd Ave rn t ybu Lake 53rd St 53rd n Cla d e 32nd Ave R Atkinson Rd No. 5 Rd c Su Old n FSR is calculated at 5.0 and the commercial at 1.3 FSR. Cres ma t s M 28th Ave Lougheed/ S Fe W as

27B Ave w t rg a 160th St Rd Clearbrook 168th St 184th St us m ie 28th Ave 28th Ave on y u v W S $100-$120 $65-$80 y $60-$80 99 y er a South Fraser Way w B o Burquitlam 1A L 52nd St 56th St 188th St Old Yale 24th Ave 24th Ave Rd Campbell Rd 24th Ave 24th Ave New Westminster $90 $30-$80 $40-$70 Rd Ross Trans Canada Hwy Mt. Lehman Rd 152nd St 124th St 140th St 128th St

20th Ave 20th Ave McMillan Rd 20th Ave Marshall Rd Hwy Interprovincial 20th Ave 13 192nd St 1 16th Ave Rd Dixon 232nd St 208th St 240th St

216th St 200th St St 200th 224th St 248th St 256th St 272nd St White Rock Rd Lefeuvre Bradner Rd King Rd 16th Ave Wells Line Rd North Blu— Rd 16th Ave 16th Ave Marine Dr 12th Ave Peardonville Rd

B ABBOTSFORD 11 o

u Buena Vista Ave INTERNATIONAL

n 320th St d AIRPORT

a McCallum Rd r Whatcom Rd Whatcom Powerhouse Rd Powerhouse Cole Rd Rd McDermott Marion Rd y 264th St B ay 8th Ave Campbell River Rd 8th Ave Huntington Rd 8th Ave Vye Rd first half 2015 6th Ave 6

R

Causeway Rd Roberts Point B.N.R. 8th Ave d BC FERRIES 176th St

TERMINAL 172nd St 176th St 1st Ave TSAWWASSEN CANADA CANADA 0 Ave Boundary Rd 0 Ave Boundary Rd Boundary Rd CANADA U.S.A. U.S.A. U.S.A. MARKET SUMMARY tri-cities Buntzen Lake Capilano Lake With the raised Evergreen Line tracks scaling down major corridors and stations beginning to take shape, the

West r m residentsD of Port Moody and Coquitlam are anticipating new developmentsr around the LRT. With only 8 mulit-unit d

h R A g u o n Vancouver o n r a a

r l i i o D

p d b s a mar Rd n th n Ave e I u e C ra 99 Upper o v B residentialS te land sales to-date accounting for approximately $28 million, only one transaction occurred with high Edgemont Blvd S Queens Ave Le ve ls Delbrook BC RAIL Mathers Ave d Pitt Lake Highway R E 29th St ur Inglewood Ave o 21st St 11th St 11th m density near a future Evergreen Line stations: 570 Emersony Street, Coquitlam - purchased by Bosa Properties. Fulton Ave 1 Hyannis Dr e

S e Lynn Valley Rd North t v

15th St

A

E Riverside Dr M Taylor Wy Taylor

l Ma l rin e e F Vancouver Rd Dr y

Mountain Hwy Larson Rd a B 15th St ll e

ge Lonsdale Ave d Ave Chester”eld d w Harrison Lake i W 13th St Ave St Georges R d

r t e

B e B Berkley Rd Berkley

Welch St Mountain Hwy o e W W 3rd St E Sunnyside Rd Sunnyside E Grand Blvd E Grand t o Mt Seymour a K l Pkwy Harbourside Dr e l E i G s ith Harbourside Pl p L s l Rd East Rd n an o a E 3rd St i Lonsdale Quay de Rd Cove Deep L HIGHLIGHTSHIGHLIGHTS Brooksbank Ave ollarton Rd D Dollarton Hwy Main St d E Esplanade Ir l o OW Riverside Dr Port Moody 99 n Rd

W il r

o p

r »» Earlier this year, Imperial Oil sold its 232-acre property,k “Ioco Lands”, to a local A

e

r Burrard Inlet s Dr a M Panoram

e

developer. 150 acres of the undeveloped land residesm in Anmore, with the H

o Ioco Rd er

r it

i a

a Ba

l r g n

B et

H C.P.R. e

English Bay r ig

i h

remaining 82 acres in Port Moody. TheMcGill developer St d is set to have an open house way g Eton St M

Burrard 7A DenmanDavie St St Waterfront e o La u nd Wy Pinetree n s Woodland Pipeline Rd t Paci”c St Dundas St d S t o a w Lafarge Lake - Douglas y Victoria Dr i ine Dr with the residentsGranville and interested parties during the month of July to discuss n Johnson St s ar Vancouver n s M E Hastings Street e B W City Centre e

n

l

N D Stadium/Chinatown v Simon Fraser h

d r Port Moody Centre g Lincoln Coast Meridian Rd future plans and contribute to the design and master planning Parkerprocess. St University u Stave Lake Venables St Curtis St St. Johns St a Yaletown/ Coquitlam Central h Richardson Rd Poin Roundhouse Port Moody Centre Inlet Centre Coquitlam S t G Main St re Cornwall St G Central Cedar Dr y Rd a

Clark Dr g University of W 4th Ave Olympic Village l

Wesbrook Mall G Ave Gilmore r 1st Ave Willingdon Ave ar Prairie Ave Holdom St Gerald Ave Gerald e Sperling St d McNeil Rd »» The Northwest Burke Mountainat North VCC/Clark Vision plan is currently in phase one of the phase i W 2 British Columbia ern Brentwood y Wy Dr Commercial Gilmore W 10th Ave W Broadway Town Centre 1

Renfrew St Renfrew Holdom Clarke Rd 4 Broadway/ Broadway Commercial Como Lake Ave Port Coquitlam 4 City Hall E Broadway Burquitlam th three process.W 12th Ave As at March 2015, the City of Coquitlam completed an OpportunitiesLougheed Highway Port St E 12th Ave Renfrew Rupert W 16th Ave Sperling/ Coquitlam

t Grandview Hwy Burnaby Lake y Burns Rd S Maple

Kingsway Ave

Lake City Way W

and Constraints Report to outline the potential with theCanada lands. Wy One major output n

Kingsway r S Production Way/ i

e W 4a

University t n i Ridge M n

r Lougheed Highway a u r King Edward Ave King Lougheed a o i Sprott St 3 Linton St 7 n Nanaimo St

M

outlined that thereEdward would be a potential of approximately St Rupert 102 to 144 hectares, or M Town Centre Rd Gatensbury e Winston St D Macdonald St Austin Ave r Nanaimo e Vancouver Rd Harris u Arbutus St 1 l d

B Rd Neaves 29th Ave R Crown St Crown St Dunbar T Blenheim St 252 to 356 acres of land available for future neighbourhoods in the designated Rd Springs Hot Harrison Deer Lake Pkwy ra r St e W 33rd Ave E 33rd Ave ns Coquitlam Fern Cr v

Ca i n R

Broadway St Broadway 7

ad Dewdney Trunk Rd McCallum Rd

Joyce a t 132nd Ave t

area. This background research will be carried forward to phase two, where theHig 1 i 7 9 hw P Oakridge/41st Ave ay Brunette Ave W 41st Ave E 41st Ave Grange St Burnaby Braid Shaughnessy North Rd W Boulevard United Blvd 128th Ave 128th Ave City will address future land uses, access, Earles St and servicing concepts. Pitt Patterson Hartley Rd 7 W 49th Ave Langara/ 7 Rd Cameron 6th St Mary Hill Bypass Meadows 49th Ave 49th Ave E Metrotown Hartley Ave Lougheed Hwy

Fraser St Fraser Knight St Canada Wy

Main St St Tyne Sapperton 124th Ave Victoria Dr P Pitt d Imperial St o R

r St 203rd 248th St Oak St Meadows Granville Street Spratt Rd Spratt

Royal Rd Lake Stave W 57th Ave Rd Woolridge 256th St t r 227th St 224th St 216th St St Laity e

M 232nd St W 57th Ave Rd Boundary Oak 10th Ave DOUGLAS t

Cambie St Kingswa s y a C.P.R. Harrison Bay 264th St

t n e River ISLAND Dewdney Trunk Rd Dewdney Trunk Rd v S 8th Ave n PITT MEADOWS l

y Limbert Rd

Rumble St B Hammond Rd S t r AIRPORT o 6th Ave li Nelson Ave id Marine Dr SE Marine Dr l Kerr St Edmonds Columbia St Fraser 116th Ave Maple E g H Marine Dr e Meadows d Knight St Bridge 17 R a W 70th Ave N Kent Ave S Fraser Perimeter Rd iver Port n Royal Oak Ave Royal R e P Fraser Wy Haney y Gilley Ave at B e MITCHELL u yp g Kent Ave S Marine Wy ds l 112th Ave 207th St KEY SALidEO S ar on Queens Ave Columbia lo as r a w W s k ISLAND Twigg Pl e y Bridge 112th Ave B t Scott Rd S VANCOUVER S e Bridge Rd g v t New 110th Ave C.N.R. 112th A 112th Ave n INTERNATIONAL i B 22nd St Westminster HOG Templeton a rid Grosvenor Rd L d River BASE FLOOR PRICE PER BUILDABLE ISLAND g AIRPORT r Gateway 108th Ave R Sea Island u e Rd 108th Ave Centre th Wy e ADDRArESS Vulcan PUByrneRCHA Rd SER PRICE SIZE (SF) BARNSTON k YVR C.N.R. a Wy Bridgeport L Airport Conachie 91A SPACE RATIO (FSR) SQUARE FOOT (BSF) ISLAND Grant Mc e WINDERMERE ISLAND S Bridgeport Rd Scott Rd v

Fraser Wy 240th St a t 104th Ave t r 104th Ave FAIRFIELD SEA 99 North Surrey S a Central er Farms Rd Farms ISLAND iv i ISLAND R Rd t ll 1. 1026 Brunette Avenue, Coquitlam Private Investor $14,380,000 162,653 n/a n/a K e O Aberdeen Cambie Rd Wilson St e b 256th St y Bridge Golden Ears 102nd Ave ys p

208th St t m f W 100th Ave 100th Ave o Dale Rd a r n C

G ke King George 100th Ave e a Q A Russ B 100th Ave 272nd St v e Vulcan Wy e u Fraser Highway o e W d 280th St r 2. 570 Emerson Street, Coquitlam Bosa Propertiese $8,742,700 46,783 2.5 $75 Rd R Alderbridge Wy i y Richmond Annacis Highway n l 156th St g ANNACIS 148th St 160th St e s 96th Ave s h s Castleman Rd 9

Lansdowne Albion Ferry r i bo 96th Ave o t No 1 r n e a o ISLAND 96th Ave Richards Ave A R

d River Rd u 99A C d River Rd g r pe 91 De o a n

h l

w Rd Young 192nd St C.N.R. t H l d Farms Rd Rd McGrath Mapleland Edgar MCMILLAN n i B S Westminster Hwy 92nd Ave r e G

i d e deg 92nd Ave y Lougheed Highway r E 3. Brighouse757 & 761 Edgar Avenue, Coquitlam Av $2,730,000 35,719 n/a n/a ISLAND T Yal a r e R n A u Wellington Ave d Development e w n d l k y ve e Rd Chapman Rd 120th St 128th St 132nd St Ferndale Ave Cli x a Granville Ave Hatzic D y F 88th Ave 88th Ave CRESCENT H erw W r Fraser River 1A No. 9 Rd e a No. 8 Rd No. 7 Rd n Clay St Clay Nelson Rd t s 88th Ave ISLAND Lake 1st Ave Blundell Rd e VIA RAIL 4. 945 & 951 Charland Avenue, Coquitlam Redbrick Properties r $2,300,000 16,509 1.85 $75 Hawkins Pickle Rd

B y 7 Wolfe Rd Blundell Rd Rd 216th St Topham r W Glover Rd i l 84th Ave d 84th Ave e 1 Johnson Rd g rd Telegraph Tr Dewdney Trunk Rd e o Mission St Cedar N Rd lliwack Mtn Rd Rd Ford Richmond C.N.R. Nicomen Island Trunk Chi Francis Rd C.N.R. 22nd Ave Chilliwack Central Rd No. 1 Rd No. 4 Rd No. 3 Rd No. 5 Rd No. 6 Rd C.N.R. Annacis King George Highway N R Paci”c Highway Harvie Rd

Gilbert Rd i 80th Ave i Eagle Rd c St v o Railway Ave Railway Huston Rd 80th Ave e m Brown Rd Brown TILBURY e Rd Annis r n I

280th St s C.N.R. l R and T Garden City Rd City Garden run ISLAND 80th Ave 7 Tyler d k Rd 1

Williams Rd H H T 14th Ave S o e Duke Rd t i 80th Ave o p g 76th Ave S co 76th Ave l ut Fraser River h e e h Fraser - Delta Thruway Fraser t Wy 7 t k

w g C.P.R. a 208th St 216th St 192nd St 200th St R Trans Canada Hwy

a r L Hurd St Hurd d y a Prairie Central Rd 112th St Scott Rd Scott

Vantage e 76th St 80th St p 168th St 176th St 184th St Steveston Hwy h 7th Ave v W Yale Rd 144th St 140th St

a 152nd St

River Rd 72nd Ave Newton Rd T t Progress Wy 72nd Ave 240th St r Surrey S Luckakuck Wy 72nd Ave V Wren St Wren 72nd Ave 72nd Ave 1st Ave Industrial Wy e d

Mission d

72nd St McTavish Rd Newton Rd C e

Moncton St Gibson Rd No. 2 Rd r HWY 10 Rd Prest Rd Banford Shell Rd 91 64th Ave 10 City h

68th Ave SOUTHERN i George Massey Tunnel BYPASS R lli

Development & Rezoning Permits d w ac R

Trans Canada Highway k i

17 RAILWAY W Yale Rd v e r

Kitson Pkwy Dyke Rd 64th Ave R Lickman Rd

SOUTHERN RAILWAY s d Satchell St Satchell a MATSQUI Upper Sum Mou 62B St 62B Glover Rd nta NOTABLE NEW DEVELOPMENTS: Average land SALES RANGE (Price per Buildable Square Foot) 64th Ave n

B.N.R. ISLAND Page Rd i

R

272nd St 1 Peters Rd

60th Ave Delta C.N.R. d 60th Ave Rd Chadsey S Sumas Rd Bailey Rd TOWNHOUSE Apartment APARTMENT Logan Ave 58th Ave 148th St »» Mosaic Avenue Developments Ltd. submitted99 an application review for an OCP 140th St Fore Rd 60th Ave 56thwood Ave frame WOOD FRAME CONCRETE Promontory Rd 56th Ave 11 Watson Rd W Douglas Cr amendment, rezoning and developmentd permit on May 6, 2015 for the site located B.C. RAIL 208th St 56th Ave South Fraser Perimeter Road Perimeter South Fraser LANGLEY Harris Rd R r Mission-abbotsford Highway 56th Ave e 72nd St AIRPORT Hopedale Rd v Coquitlam $39-$41 $30-$65 $60-$80 Rd Sumas Prairie i R 53rd Ave Keith Wilson Rd at 3552 Victoria. The proposal is for 267 RT-2 townhouse and RT-3 quadruplex Station Rd Colebrook Rd 160th St

Robertson Rd Robertson ok R Westham Island Rd olebro d C 304th St 296th St 10 Ladner Trunk Road St 288th Sinclair Rd

units with an average density of 0.70 FSR. Port Coquitlam $30-$40 $30-50 N/A St 203rd 48th Ave Fraser Highway d G Gladwin Rd R ra Riverside Rd Bell Rd in WESTHAM ISLAND de C Townshipline Rd unta C SOUTHERN RAILWAY 15 r 48th Ave Mo h 17A 48th Ave No. 3 Rd der il Dawson Rd Ved liw a r Port Moody N/A $55-$70 $35-$80 Old Yale Rd ck D L a r Rd ke u Straiton R h Clayburn Rd 44 Ave d

t Yarrow Central Rd r

328th St A 64th St 17 40th Ave 40th Ave 40th Ave 40th Ave 40th Ave Mud Bay Downes Rd S BOUNDARY BAY um Fireclay Rd No. 4 Rd 36th Ave as AIRPORT M Paci”c Highway

34B Ave t n North Parallel C.P.R.

Abbotsford R South Parallel

d Langley d R Cultus

d - BellinghamAldergrove Highway Deltaport Wy 32nd Ave Rd Boundary R 32nd Ave rn t ybu Lake

53rd St 53rd la d n 32nd Ave C R Atkinson Rd ce Su Old No. 5 Rd res m tn C as M 28th Ave S F W s

27B Ave w t erg a a 160th St Rd Clearbrook 168th St 184th St us m ie 28th Ave 28th Ave on y u v W S y 99 y er a South Fraser Way w B o 1A L 52nd St 56th St 188th St Old Yale 24th Ave 24th Ave Rd Campbell Rd 24th Ave 24th Ave

Ross Rd Ross Trans Canada Hwy Mt. Lehman Rd 152nd St 124th St 140th St 128th St

20th Ave 20th Ave McMillan Rd 20th Ave 20th Ave Marshall Rd Hwy Interprovincial first half 2015 7 13 192nd St 1 16th Ave Rd Dixon 232nd St 208th St 240th St

216th St 200th St St 200th 224th St 248th St 256th St 272nd St White Rock Rd Lefeuvre Bradner Rd King Rd 16th Ave Wells Line Rd North Blu— Rd 16th Ave 16th Ave Marine Dr 12th Ave Peardonville Rd

B ABBOTSFORD 11 o

u Buena Vista Ave INTERNATIONAL

n 320th St d AIRPORT

a McCallum Rd r Whatcom Rd Whatcom Cole Rd Rd McDermott Marion Rd Rd Powerhouse y 264th St B ay 8th Ave Campbell River Rd 8th Ave Huntington Rd 8th Ave Vye Rd 6th Ave

R

Causeway Rd Roberts Point B.N.R. 8th Ave d BC FERRIES 176th St

TERMINAL 172nd St 176th St 1st Ave TSAWWASSEN CANADA CANADA 0 Ave Boundary Rd 0 Ave Boundary Rd Boundary Rd CANADA U.S.A. U.S.A. U.S.A. Buntzen Lake Capilano Lake

West r m D r d

h R A g u o n Vancouver o n r a a

r l i i o D

p d b s a mar Rd n th n Ave e I u e C ra 99 Upper So v B te Edgemont Blvd S Queens Ave Le ve ls Delbrook BC RAIL Mathers Ave d Pitt Lake Highway R E 29th St ur Inglewood Ave o 21st St 11th St 11th m y Fulton Ave 1 Hyannis Dr e

S e Lynn Valley Rd North t v

15th St

A

E Riverside Dr M Taylor Wy Taylor

l Ma l rin e e F Vancouver Rd Dr y

Mountain Hwy Larson Rd a B 15th St ll e

ge Lonsdale Ave d Ave Chester”eld d w Harrison Lake i W 13th St Ave St Georges R d

r t e

B e B Berkley Rd Berkley

Welch St Mountain Hwy o e W W 3rd St E Sunnyside Rd Sunnyside E Grand Blvd E Grand t o Mt Seymour a K l Pkwy Harbourside Dr e l E i G s ith Harbourside Pl p L s l Rd East Rd n an o a E 3rd St i Lonsdale Quay de Rd Cove Deep L Brooksbank Ave ollarton Rd D Dollarton Hwy Main St d E Esplanade Ir l o OW Riverside Dr Port Moody 99 n Rd

W il r

o p

r k A

e

r Burrard Inlet s Dr a M Panoram

e m H

o Ioco Rd er

r it

i a

a Ba

l r g n

B et

H C.P.R. e

English Bay r ig

i h

McGill St d way g Eton St M

Burrard 7A MARKETDavie St SUMMARY e o L Denman St Waterfront a u nd Wy Pinetree n s Woodland Pipeline Rd t Paci”c St Dundas St d S t o a w Lafarge Lake - Douglas y Victoria Dr i ine Dr Granville n Johnson St s ar Vancouver n s M E Hastings Street e B W City Centre e

n

l

N D Stadium/Chinatown v Simon Fraser h

d r Port Moody Centre g Lincoln Coast Meridian Rd Parker St University u Stave Lake Venables St Curtis St St. Johns St a Yaletown/ Coquitlam Central h Richardson Rd Poin Roundhouse Port Moody Centre Inlet Centre Coquitlam S t G Main St surrey Cedar Dr re Cornwall St G Central y Rd a

Clark Dr g University of W 4th Ave Olympic Village l

Wesbrook Mall G Ave Gilmore r 1st Ave Willingdon Ave ar Prairie Ave Holdom St Gerald Ave Gerald e Sperling St d McNeil Rd at North VCC/Clark i W British Columbia ern Brentwood y Wy Dr Commercial Gilmore W 10th Ave W Broadway Town Centre 1

Renfrew St Renfrew Holdom Clarke Rd 4 Broadway/ Broadway Commercial Como Lake Ave Port Coquitlam 4 City Hall E Broadway Burquitlam th W 12th Ave Lougheed Highway Port St E 12th Ave Renfrew Rupert W 16th Ave Sperling/ Coquitlam

t Grandview Hwy Burnaby Lake y Burns Rd S Maple

Kingsway Ave

Lake City Way W

Canada Wy n

Kingsway r S Production Way/ i

e W a

University t n i Ridge M n

r Lougheed Highway a u

The City of Surrey continues to push forward on the development and production of an LRT system,a regardless of the r King Edward Ave King Lougheed o i Sprott St Linton St 7 n Nanaimo St

M

Edward St Rupert M Town Centre Rd Gatensbury e Winston St D Macdonald St Austin Ave r Nanaimo e Vancouver Rd Harris u Arbutus St l d

B Rd Neaves 29th Ave R Crown St Crown St Dunbar T

Blenheim St Harrison Hot Springs Rd Springs Hot Harrison Deer Lake Pkwy ra r St e W 33rd Ave E 33rd Ave ns Coquitlam Fern Cr v recent rejection of the transit plebiscite. According to CMayor Linda Hepner, the City plans to build the i 27-kilometre

a n R

Broadway St Broadway 7

ad Dewdney Trunk Rd McCallum Rd

Joyce a t 132nd Ave

t

Hig 1 i 7 9 hw P Oakridge/41st Ave ay Brunette Ave W 41st Ave E 41st Ave Grange St Burnaby Braid Shaughnessy North Rd W Boulevard United Blvd 128th Ave 128th Ave network by relying on public-privateEarles St partnerships, along with provincial and federal funding. The construction of this Pitt Patterson Hartley Rd 7 W 49th Ave Langara/ 7 Rd Cameron 6th St Mary Hill Bypass Meadows 49th Ave 49th Ave E Metrotown Hartley Ave Lougheed Hwy

Fraser St Fraser Knight St Canada Wy

Main St St Tyne Sapperton 124th Ave Victoria Dr P Pitt d Imperial St o R

r St 203rd 248th St Oak St Meadows Granville Street Spratt Rd Spratt

Royal Rd Lake Stave W 57th Ave Rd Woolridge 256th St t r 227th St 224th St 216th St

LRT system is essential in supporting the project growth of Surrey’s downtown, which is anticipated to increase from St Laity

e

M 232nd St W 57th Ave Rd Boundary Oak 10th Ave DOUGLAS t

Cambie St Kingswa s y a C.P.R. Harrison Bay 264th St

t n e River ISLAND Dewdney Trunk Rd Dewdney Trunk Rd v S 8th Ave n PITT MEADOWS l

y Limbert Rd

Rumble St B Hammond Rd S t r AIRPORT o 6th Ave li Nelson Ave id Marine Dr SE Marine Dr l Kerr St Edmonds Columbia St Fraser 116th Ave Maple E g H Marine Dr e Meadows d

20 dwelling units per acreKnight St Bridge to approximately 100 by 2040* 17 R a W 70th Ave N Kent Ave S Fraser Perimeter Rd iver Port n Royal Oak Ave Royal R e P Fraser Wy Haney y Gilley Ave at B e MITCHELL u yp Kent Ave S l 112th Ave 207th St dgO Marine Wy ardson Queens Ave Columbia lo as ri a w W s k ISLAND Twigg Pl e y Bridge 112th Ave B t Scott Rd S VANCOUVER S e Bridge Rd g v t New 110th Ave C.N.R. 112th A 112th Ave n INTERNATIONAL i B 22nd St Westminster HOG Templeton a rid Grosvenor Rd L River d HIGHLIGHTS ISLAND g AIRPORT r Gateway 108th Ave R Sea Island u e Rd 108th Ave Centre th Wy e Ar Vulcan Byrne Rd BARNSTON k YVR C.N.R. a Wy Bridgeport L Airport Conachie 91A ISLAND Grant Mc e WINDERMERE ISLAND S Bridgeport Rd Scott Rd v

Fraser Wy 240th St a t 104th Ave t r Surrey 104th Ave FAIRFIELD SEA »» The 5.1 acre site 99at 9525 King George Boulevard is slated to develop a $250-million,North S a Central er Farms Rd Farms ISLAND iv i ISLAND R Rd t ll K e O Aberdeen Cambie Rd Wilson St e b 256th St y Bridge Golden Ears 102nd Ave ys p

208th St t m f three-building W development focused on senior housing. The site is expected to 100th Ave 100th Ave o Dale Rd a r n C

G ke King George 100th Ave e a Q A Russ B 100th Ave 272nd St v e Vulcan Wy e u 1 Fraser Highway o e W d 280th St r e Rd R house two six-storeyAlderbridge Wy wood frame buildings for independent living, and one i y Richmond Annacis Highway n l 156th St g ANNACIS 148th St 160th St e s 96th Ave s h s Castleman Rd 9

Lansdowne Albion Ferry r i bo 96th Ave o t No 1 r n e a o ISLAND 96th Ave Richards Ave A R

d River Rd u 99A C d River Rd g r pe 91 De o a n

h l 12-storey concrete mixed-use building with medical offices and assisted-living. w Rd Young 192nd St C.N.R. t H l d Farms Rd Rd McGrath

i B MCMILLAN S n Westminster Hwy 92nd Ave r e G

i d e deg 92nd Ave y Lougheed Highway r E Brighouse Av ISLAND T Yal a r e R n A u Wellington Ave d Recent rumors indicate that the project may be required to scale-back duee to w n d l k y ve e Rd Chapman Rd 120th St 128th St 132nd St Ferndale Ave Cli x a Granville Ave Hatzic D y F 88th Ave 88th Ave CRESCENT H erw W r Fraser River 1A No. 9 Rd e a No. 8 Rd No. 7 Rd n Clay St Clay Nelson Rd t s 88th Ave ISLAND Lake 1st Ave environmental concerns with Class-A creeks runningBlundell Rd through the property. This e r VIA RAIL Hawkins Pickle Rd

B y 7 Wolfe Rd Blundell Rd Rd 216th St Topham r W Glover Rd i l 84th Ave d 84th Ave e 1 Johnson Rd development is another addition to Surrey’s Innovation Boulevard. g rd Telegraph Tr Dewdney Trunk Rd e o Mission St Cedar N Rd lliwack Mtn Rd Rd Ford Richmond C.N.R. Nicomen Island Trunk Chi Francis Rd C.N.R. 22nd Ave Chilliwack Central Rd No. 1 Rd No. 4 Rd No. 3 Rd No. 5 Rd No. 6 Rd C.N.R. King George Highway 2 Annacis N R Paci”c Highway Harvie Rd

Gilbert Rd i 80th Ave i Eagle Rd c St v o Railway Ave Railway Huston Rd 80th Ave e m Brown Rd Brown TILBURY e Rd Annis r n I

280th St s C.N.R. l R and T Garden City Rd City Garden run ISLAND 80th Ave 7 Tyler d k Rd 1

Williams Rd H H T 14th Ave S o e Duke Rd t i 80th Ave o p g 76th Ave S co 76th Ave l ut Fraser River h e e h Fraser - Delta Thruway Fraser t Wy 7 t k

w g C.P.R. a 208th St 216th St 192nd St 200th St R Trans Canada Hwy

a r L Hurd St Hurd d y a Prairie Central Rd 112th St Scott Rd Scott

Vantage e 76th St 80th St p 168th St 176th St 184th St Steveston Hwy h 7th Ave v W Yale Rd 144th St 140th St

a 152nd St

River Rd 72nd Ave Newton Rd T t Progress Wy 72nd Ave 240th St r Surrey S Luckakuck Wy 72nd Ave V Wren St Wren 72nd Ave 72nd Ave 1st Ave Industrial Wy e d

Mission d

72nd St McTavish Rd Newton Rd C e

Moncton St Gibson Rd No. 2 Rd r Banford Rd Banford HWY 10 Rd Prest Shell Rd 91 64th Ave 10 City h

68th Ave SOUTHERN i George Massey Tunnel BYPASS R lli

d w ac R

Trans Canada Highway k i

17 RAILWAY W Yale Rd v e

3 r

Kitson Pkwy Dyke Rd 64th Ave R Lickman Rd

SOUTHERN RAILWAY s d Satchell St Satchell a MATSQUI Upper Sum Mou 62B St 62B Glover Rd nta

64th Ave n

B.N.R. ISLAND Page Rd i

R

272nd St 1 Peters Rd

60th Ave Delta C.N.R. d 60th Ave Rd Chadsey S Sumas Rd Bailey Rd Logan Ave 58th Ave 148th St 99 140th St Fore Rd 60th Ave 56th Ave Promontory Rd 56th Ave 11 Watson Rd W Douglas Cr d B.C. RAIL 208th St 56th Ave South Fraser Perimeter Road Perimeter South Fraser LANGLEY Harris Rd R r Mission-abbotsford Highway 56th Ave e 72nd St AIRPORT Hopedale Rd iv Rd Sumas Prairie R 53rd Ave Keith Wilson Rd KEY SALES Station Rd Colebrook Rd 160th St

Robertson Rd Robertson ok R Westham Island Rd olebro d C 304th St 296th St 10 Ladner Trunk Road St 288th Sinclair Rd 203rd St 203rd BASE FLOOR SPACE PRICE PER BUILDABLE 48th Ave Fraser Highway d G Gladwin Rd R ra Riverside Rd Bell Rd in WESTHAM ISLANDADDRESS PURCHASER PRICE SIZE (SF) de C Townshipline Rd unta C SOUTHERN RAILWAY 15 r 48th Ave Mo h 17A 48th Ave No. 3 Rd der il RATIO (FSR) SQUARE FOOT (BSF) Dawson Rd Ved liw a r Old Yale Rd ck D L a r Rd ke u Straiton R h Clayburn Rd 44 Ave d t Yarrow Central Rd 1. 9525 King Georger Boulevard Westone Properties Ltd. $13,500,000 22,069 4.6 $133

328th St A 64th St 17 40th Ave 40th Ave 40th Ave 40th Ave 40th Ave Mud Bay Downes Rd S BOUNDARY BAY um Fireclay Rd No. 4 Rd 36th Ave as AIRPORT M

2. 7736, 7766, 7788 156th Street Private Investor $11,000,000 392,040 n/a $1,222,222 per acrePaci”c Highway

34B Ave t n North Parallel C.P.R.

Abbotsford R South Parallel

d Langley d R Cultus

d - BellinghamAldergrove Highway 13724,Deltaport 13732 Wy 62nd Avenue & 32nd Ave Rd Boundary R 32nd Ave rn t ybu Lake

53rd St 53rd la d 3. Private Investor $10,350,000 248,204 n 0.88 $47 32nd Ave C R Atkinson Rd ce Su Old No. 5 Rd res m tn 6092, 6130, 6140 King George Boulevard C as M 28th Ave S F W s

27B Ave w t erg a a 160th St Rd Clearbrook 168th St 184th St us m ie 28th Ave 28th Ave on y u v W S y 99 y er a South Fraser Way w B o 1A L 52nd St 56th St 188th St Old Yale 24th Ave 24th Ave Rd Campbell Rd 24th Ave 24th Ave

Ross Rd Ross Trans Canada Hwy Mt. Lehman Rd 152nd St 124th St 140th St 128th St

20th Ave 20th Ave McMillan Rd 20th Ave Marshall Rd Hwy Interprovincial 20th Ave 13 192nd St 1 16th Ave Rd Dixon 232nd St 208th St 240th St

216th St 200th St St 200th 224th St 248th St 256th St 272nd St White Rock Rd Lefeuvre Bradner Rd King Rd 16th Ave Wells Line Rd North Blu— Rd 16th Ave 16th Ave Marine Dr 12th Ave Peardonville Rd

B ABBOTSFORD 11 o

u Buena Vista Ave INTERNATIONAL

n 320th St d AIRPORT

a McCallum Rd r Whatcom Rd Whatcom Cole Rd Rd McDermott Marion Rd Rd Powerhouse y 264th St B ay 8th Ave Campbell River Rd 8th Ave Huntington Rd 8th Ave Vye Rd 6th Ave

R

Development & Rezonin Rd Roberts Point g Permits Causeway B.N.R. 8th Ave d BC FERRIES 176th St

TERMINAL 172nd St 176th St 1st Ave NOTATSAWWASSENBLE NEW DEVELOPMENTS: Average land SALES RANGE CANADA CANADA 0 Ave Boundary Rd 0 Ave Boundary Rd Boundary Rd CANADA U.S.A. (Price per Buildable Square Foot or as Specified) U.S.A. U.S.A. »» 8158 King George: Developer Dawson Sawyer has proposed a 77 unit apartment building and 164 townhomes. The project is situated on a 9.54 acre site was TOWNHOUSE Apartment APARTMENT woodframe WOOD FRAME CONCRETE rezoned from RA to CD (based on RM-45 and RM-30) with a combined FSR of 1.13 City Centre $20-$40 $15-$40 $20-$40 »» 62nd Avenue and King George Boulevard: King George Station 64th Ltd. has proposed 138 townhomes on a 5.70 acre site. The site was rezoned from RA to $1,100,000 -$1,800,000 Newton $15-$25 N/A RM-30 with a proposed density of 0.89 FSR. per acre 1,100,000 -$1,200,000 Cloverdale $15-$25 N/A per acre $1,800,000 - $2,200,000 South Surrey $25-$40 $65-$80 per acre

first half 2015 8 Market Contact: 502 offices in Curtis Scott Manager, Market Intelligence | Vancouver countries on +1 604 662 2667 67 [email protected] 6 continents Kirk Kuester Executive Managing Director | Vancouver Brokerage United States: 140 +1 604 661 0814 Canada: 31 [email protected] Latin America: 24 contributors: Asia Pacific:199 John Boer* Oliver Omi EMEA: Hart Buck Scott Peters 108 Robert Down Casey Pollard* Morgan Dyer* Jas Sandhu Steve Fame* Matt Saunders Simon Lim* Sheldon Scott* Kelvin Luk Dylan Sohi $2.3 Marshall McLeod* David Taylor billion in George McLachrie Cecilia Tse* annual revenue Sam Nakhleh* Casey Weeks*

Colliers International | Vancouver 200 Granville Street, 19th Floor 1.7 Vancouver, BC | Canada billion square feet under management +1 604 681 4111

16,300 professionals and staff

About Colliers International Group Inc. Colliers International Group Inc. is a global leader in commercial real estate services, with more than 16,300 professionals operating out of 502 offices in 67 countries. Colliers International delivers a full range of services to real estate occupiers, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. In 2014 the firm handled $97 billion in total transaction value for 84,600 leases and sales. Colliers manages more than 1.7 billion square feet of commercial properties.

Colliers International Group Inc. generates more than US$2.3 billion in annual revenues. With significant insider ownership and an experienced management team, Colliers International has a long-term track record of creating value and superior returns for shareholders – previously under the ownership of FirstService, and as of June 2015, continuously as an independently owned company. The common shares of Colliers International Group Inc. trade on the NASDAQ under the symbol “CIGI” and on the Toronto Stock Exchange under the symbol “CIG”. collierscanada.com

Copyright © 2015 Colliers International. The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report. *Personal Real Estate Corporation