After nearly four decades, the London Drugs on Kingsway (Renfrew–Collingwood) will close permanently on Feb 2, 2026. The decision came after building issues, theft, and declining business conditions, according to the company. All staff will be relocated, and pharmacy records will move to the Victoria Dr & 41st Ave location. This closure marks another major change in Vancouver’s retail landscape — following recent shutdowns of Red Apple Market and Meinhardt Fine Foods. 💬 Many longtime customers call it “heartbreaking” and say the store “truly served the community well.”

The news that London Drugs on Kingsway (Renfrew–Collingwood) will close after 40 years of serving the community has stirred emotions across Vancouver. But beyond nostalgia, this story also highlights a bigger shift happening in the Vancouver real estate market.

For many Realtors and home buyers, events like this reflect local economic transitions — where older commercial spaces are being replaced by new mixed-use developments, operational costs rise, and community needs evolve.

While it’s sad to see a familiar place disappear, it may also open new opportunities for future retail, housing, or community projects that reshape the area.

In real estate, every change in the urban landscape — even the closing of a long-standing store — carries a message about where property values and neighbourhood growth are heading next.

As a Vancouver Realtor, keeping an eye on these shifts helps clients understand not only where to buy but also where future potential lies — especially in evolving areas like Burnaby, Kingsway, and Renfrew-Collingwood, where redevelopment momentum continues to grow.

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