Our recent REW.ca Real Estate Consumer Survey found that proximity to services, friends and family, and work is what home buyers most value in a neighbourhood. It also found that 82 per cent of the people who live in the City of Vancouver want to stay there, and 33 per cent of all our respondents see Vancouver as their ideal location.
But with the benchmark price of even a Vancouver apartment at $401,396 (REBGV December 2011), and little land left to build on, most younger buyers have to look at other municipalities.
This Globe and Mail article looks at how urban development along the Cambie Corridor, adjacent to the Canada Line, is addressing home buyers' must-haves and transforming Oakridge, Marpole, South Cambie and Riley Park.
Cambie Corridor plans put Vancouverism to the test
Hadani Ditmars, Globe and Mail Update, Jan. 4, 2012
For all its charms its seaside and mountain views, greenery and fresh air Vancouver remains a decidedly suburban city. It's traditionally been much more about CPR land transformed into residential enclaves than the right blend of high-density, mixed use and transit access that defines urbanism.
But with the high cost of housing and dwindling supply, a growing and aging population and an exodus of youth who can't afford to live in the city, the game plan is changing.
While there have been other arbiters of civic sea change, the most exciting game changer in recent years has been the Canada Line that has spurred densification of the Cambie Corridor. Read More...
Hadani Ditmars, Globe and Mail Update, Jan. 4, 2012
For all its charms its seaside and mountain views, greenery and fresh air Vancouver remains a decidedly suburban city. It's traditionally been much more about CPR land transformed into residential enclaves than the right blend of high-density, mixed use and transit access that defines urbanism.
But with the high cost of housing and dwindling supply, a growing and aging population and an exodus of youth who can't afford to live in the city, the game plan is changing.
While there have been other arbiters of civic sea change, the most exciting game changer in recent years has been the Canada Line that has spurred densification of the Cambie Corridor. Read More...
