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Neighbourhood Stories

December 3, 2019, by: Fifth Avenue

CLAYTON HEIGHTS: Soon to be Metro Vancouver’s newest transit-oriented community

The community of Clayton Heights has been growing into a major hub of Surrey, with high connectivity to Fraser Highway, Trans-Canada Highway, Langley City and the rest of Surrey. An ideal family-oriented community with plenty of opportunities to move up.

With TransLink’s approved expansion of the SkyTrain to Langley Centre, Clayton Heights will host 3 new SkyTrain stops at 184th street, 190th street and 196th street which is located on the Surrey/Langley border. Station stops will be anchored by commercial essentials, a significant addition of accessibility and convenience for locals. These added stations will be connecting over 62,000 riders from Surrey and Langley to the rest of Metro Vancouver.

Clayton Heights, an urban suburb located on the Eastern border of Surrey reported as BC’s fastest-growing city. The Clayton area has evolved over the last decade into 3 nodes; East Clayton, West Clayton and North Clayton providing a family-oriented community under the Cloverdale population estimates. Data suggests that the area population will reach over 100,000 residents by 2031.

CLAYTON COMMUNITY

The much-anticipated addition of the Clayton Community Centre Hub will integrate arts, library, recreation and outdoor spaces together into one facility, located in the heart of the community. This will be ideal for the growing number of families entering the market and looking for a neighbourhood that fits their lifestyle. The completion of the Community Hub is estimated for Summer 2020. 

The area of Clayton has a number of charming features for residents such as long, green pedestrian pathways which connect along protected creeks and parks or greenspaces. These pathways provide locals with access to a number of convenient commercial areas with services, shopping and a growing number of local businesses and eateries. Minutes away from Central Clayton is Langley. Willowbrook Town Centre, currently under re-developed to provide better access to shopping and services. The newly renovated Cascades Casino and Convention Centre, and hundreds of authentic and chain options for dining.

MARKET OVERVIEW

Over the last 3 months, townhomes and condos have increased their DOM (Days on Market) by an average of 16 and 9 days respectively. There has been a significant decrease on larger townhome product of up to $40,000 in the last quarter reporting the average price of a 3-bedroom townhome at $591,000. The average price of a 2-bedroom condo is $466,000. This means that the predicted corrections in the market are showing their effects on larger product. This creates an opportunity for affordability for moving up families into larger homes. There’s no telling how long these trends will hold before speculators begin to drive the prices up in the future.

The community of Clayton Heights has been growing into a major hub of Surrey, with high connectivity to Fraser Highway, Trans-Canada Highway, Langley City and the rest of Surrey. An ideal family-oriented community with plenty of opportunities to move up. Clayton Street is located in East Clayton, and currently the only Energy Star Rated Townhomes in Metro Vancouver. Energy Star Homes operate with 20% less energy consumption throughout the home. Register today to be among the first to receive updates on the release of Clayton Street. Visit claytonstreet.ca to learn more

Written By: Mitchell Harpur
Follow me @mitchellfifthave

Sources:
https://www.surrey.ca/city-services/28351.aspx
https://www.translink.ca/About-Us/Media/2019/July/TransLink-releases-new-details-on-Surrey-Langley-SkyTrain.aspx
https://fifthave.ca/a-slowing-market-the-deeper-you-look-the-more-you-see/

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