If you’ve been following Vancouver’s real estate market, you’ve probably noticed one clear trend: neighborhoods near SkyTrain extensions are seeing steady growth in both interest and value.
With multiple transit projects underway — from the Broadway Subway to the Surrey–Langley SkyTrain Extension — home buyers and investors are paying closer attention than ever to transit-oriented communities across Burnaby, Surrey, and Coquitlam.
🚈 1. Transit Equals Accessibility — and Value
Access to reliable transit has always been one of the strongest drivers of property value.
The new Broadway Corridor, expected to extend the Millennium Line to Arbutus, and the Surrey–Langley Extension, connecting Expo Line deeper into the Fraser Valley, will make daily commutes faster and more convenient for thousands of residents.
This accessibility directly impacts Burnaby homes, Surrey condos, and Coquitlam townhouses — all seeing rising demand as buyers look for areas offering both affordability and mobility.
💰 2. The “Transit Premium” Effect
Data from previous SkyTrain expansions show that homes within walking distance (around 800m) of a station can experience 5–15% higher appreciation compared to similar properties farther away.
This “transit premium” has become a key factor for first-time buyers and real estate investors who want long-term stability and rental potential.
For example, areas near Lougheed Town Centre, Burquitlam, and Fleetwood have already seen a surge in development interest — with new condos, retail, and community spaces transforming the landscape.
🏙 3. Vancouver’s Shift Toward Smart Urban Density
As the province continues to push for small-scale multi-unit housing (SSMUH) and higher-density zoning, transit hubs are turning into mini city centers.
This urban planning approach not only increases housing supply but also creates vibrant, walkable neighborhoods, where living, working, and leisure are closely integrated.
For Vancouver Realtors, this means helping clients identify growth corridors early — where prices are still reasonable but future upside is strong.
🧭 4. What Home Buyers Should Do Now
If you’re a first-time home buyer or investor, consider focusing your search near upcoming or existing SkyTrain stations.
Neighbourhoods like Metrotown, Brentwood, Lougheed, Fleetwood, and Clayton Heights are all strategically positioned for long-term value growth.
Work with a local Realtor who understands zoning changes, upcoming infrastructure plans, and future community developments — because timing and location can make all the difference.
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