The Future of Metro Vancouver's Transit Oriented Communities

Market Intelligence, Real Estate News, Your Next Home | May 1, 2023

The evolution of transit-oriented communities is prevalent throughout Metro Vancouver, with Burnaby, Coquitlam and Port Moody taking centre stage.

Metro Vancouver’s transit-oriented communities, specifically Burnaby, Coquitlam, and Port Moody, are witnessing rapid gentrification and evolution. These areas have become a hub for homebuyers who are looking for more square footage and affordable living in Western communities. The development projects in these areas, both active and forthcoming, have outlined a path to the well-established SkyTrain routes, making it easier to connect with other parts of Metro Vancouver.

The Tri-Cities, including Burnaby, have been drawing the attention of homebuyers for years. The region is now set to bring tens of thousands of new homes to these communities, offering a new lease of life for these re-envisioned areas. Port Moody is set to welcome Metro Vancouver’s largest mixed-use master-planned community, which will feature 4,000+ residences and cover seven city blocks. It will also have a promenade, pedestrian-oriented community with plenty of shopping and services, anchored by SkyTrain to connect you back to the rest of Metro Vancouver.

Burquitlam, on the other hand, is a neighbourhood with a constantly evolving image, with the addition of the Evergreen SkyTrain line connecting these neighbourhoods to the rest of Metro Vancouver. This connectivity has made it possible for Vancouverites to afford larger homes or an alternative lifestyle with a more attainable price tag.

The COVID-19 pandemic has forced workers to work from home, making transit-oriented communities even more popular among homebuyers. As a result, affordable housing advocates are working on creating affordable housing opportunities for these growing communities throughout Metro Vancouver, creating cities that offer a diversity of residences and a truly connected and diverse neighborhood that is highly connected to the rest of Metro Vancouver.

The future of Metro Vancouver’s transit-oriented communities will remain the most popular choice for homebuyers looking for affordability or larger homes to grow their families. With more affordable housing and developments underway, these areas are set to continue attracting homebuyers and investors looking for a promising future.

For example, Port & Mill is a new block of well-crafted 1, 2, and 3 bedroom condos in West Coquitlam by StreetSide Developments, a division of Qualico, Western Canada’s largest fully integrated, privately-owned real estate company. The project is a perfect example of the kind of multi-family homes being built to fit today’s modern lifestyle.

The Final Release is Now Selling and your final opportunity to own at Port & Mill is here with a limited selection of 3 Bedroom and 3 Bedroom + den condos available. With homes ready for move in as early as this Summer, reach out to the Sales Team for details and to take advantage of our limited time opportunity to have GST included*