mediaiqdigital tracking pixel

Market Intelligence

December 10, 2020, by: Fifth Avenue

Burnaby, Coquitlam and Port Moody the Future of Transit Oriented Communities

Gentrification and evolution are prevalent in transit-oriented communities throughout Metro Vancouver, with Burnaby, Coquitlam and Port Moody taking the centre stage.

The Burnaby and the Tri-Cities have been drawing the attention of Metro Vancouver home buyers for years, will developments offering more square footage and more affordability to anyone living in communities to the west. The future of these three communities will bring tens of thousands of new homes to these re-envisioned communities. The developments that are actively selling and contemplated to come to market in the future conveniently outline a similar path to the well-established sky train routes reaching out to the newly developed communities in the Tri-Cities and Surrey City Centre to the south.

The future of Port Moody has also been highlighted with Metro Vancouver’s Largest mixed-use Master Planned Community for one of the smallest regions in Metro Vancouver. The Community will bring over 4,000+ residences taking up over seven city blocks, with 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 is a familiar neighbourhood with a constantly changing image, with the addition of the Evergreen Skytrain line connecting these neighbourhoods to the rest of Metro Vancouver. This connectivity allows Vancouverites to now afford a larger price per square foot or an alternative lifestyle with a more attainable price-tag. With COVID-19 forcing workers to no longer commute and working from home becoming a norm for most businesses this trend is expected to grow throughout the next 12 months and beyond, creating an entirely new demand for housing in various communities. Burquitlam is a growing neighbourhood a promising future for investors, homebuyers and Realtors.

Transit-oriented communities are becoming the most popular choice for Metro Vancouver Homebuyers looking for affordability or larger homes to grow their families. This growth is also supported by affordable housing advocates who are working on creating affordable housing opportunities for these growing communities throughout Metro Vancouver, creating cities that hose a diversity of residences and creating a truly connected and diverse neighbourhood that is highly connected to the rest of Metro Vancouver.

Tucked between the once-upon-a-time bustling industrial port and the country’s largest lumber mill, Port & Mill embraces the past & celebrates the future. A new block of well-crafted 1, 2 & 3 bedroom condos in West Coquitlam. Discover a quiet oasis to the east and urban comforts to the west. StreetSide Developments is a division of Qualico, Western Canada’s largest fully integrated, privately owned Real Estate company. Fuelled by creativity and rooted in a tradition of hard work, quality and trust, StreetSide is building multi-family homes to fit today’s modern lifestyle.

 

Click here to learn more about living in the Growing Burquitlam Neighbourhood with Port & Mill 1, 2 & 3 bedroom condos in West Coquitlam

Share this post