Police with the city's force responded to a call from the B.C. Ambulance Service around 10 p.m. Saturday.
Staff transported a victim to hospital, who died at 5:44 a.m. Sunday.
Police say witnesses spotted a man running from the scene (500 block of 3rd Ave.) after the attack.
The man is described as Asian, in his mid-20s, five feet five inches tall, with black hair and a muscular build.
Police are withholding the victim's identity until family is notified.