Downtown Districts Are The Future Of Our City

Downtown districts are the future of our city — vibrant, walkable communities where people can live, work, and connect. As Vancouver continues to grow, these unique neighbourhoods play a key role in shaping a more inclusive, accessible, and sustainable urban lifestyle.

What Makes These Districts So Unique?

🏖️ Beach District

Brief History

  • Evolved with the construction of Vancouver House. Steps to the Beach at English Bay. Trying to establish a connection to walkability to the beach.
  • Vancouver House constructed in 2021
  • Westbank coined “Beach District”

     

Motivation

  • The Beach District is hip, new, fresh and a 2 minute walk to one of the best beaches in Vancouver, Sunset Beach.
  • New commercial, restaurants.
  • Its own niche hood under the Granville Bridge with spinning chandelier

Real Estate Mix

  • Luxury waterfront Real Estate. All buildings are walking distance to the beach. New luxury towers.
  • Mostly strata, few rentals.
  • New Vancouver House amenities, London Drugs, Fresh Street Market, restaurants.

Residential Demographics

  • The Waterfront Real Estate Kings Landing, Erickson, Icon are mostly established demographic.
  • Rental options at $4.25/SF. Great amenities in each building. Professionals.
  • Young families starting off.
  • Middle to upper class. 70% owner occupied, 30% rented.

Market Dynamics

  • Entry Level pricing is $1200/SF for a 1 bedroom and den.
  • Waterfront is $1800/SF +
  • Longer time on market for 3M+
  • Very few listings come available for waterfront
  • Big demand for view homes in the waterfront buildings.

Landmarks

  • Highly sought after Kings Landing and Erickson Buildings
  • Vancouver House 10 years to build
  • George Wainborn Park
  • Under Granville Street Bridge
  • Fresh Street Market, London Drugs, UBC, restaurants, coffee shops
  • Connection to seawall
  • 1000 Beach Complex with exposed pool
  • Under Burrard street Bridge garden
  • Tap House restaurant on the seawall as you head into sunset Beach.

The Future

  • Completion of the “loops” under the Granville bridge
  • Market under Granville bridge?
  • 601 Beach my Pinnacle
  • City owned lots to be developed.

🐉 Chinatown District

Brief History

  • In 1886, a budding Chinatown, with about ninety Chinese residents, emerged on Carrall Street and Dupont Street
  • The area is located primarily along Pender, Main and Keefer Streets, between Gastown and the Downtown Eastside
  • Chinatown remains a popular tourist attraction and is one of the largest historic Chinatowns in North America

Motivation

  • Identity in place. Refining the lines to keep the area specific to what is being offered- Chinese specific retail, tea shops, souvenir stores, chinese grocery, chinese food restaurants.

Real Estate Mix

  •  SRO’s, commercial “Chinese inspired” retail, grocery, older historical building’s constructed in the last 1800’s. Rental buildings

Residential Demographics

  • Old Chinese, long term investors, low income housing.
  • Some trendy options ie The Keefer, Framework, Ginger, V6A, Keefer Block

Market Dynamics

  • Great pricing in Chinatown- Entry level $700/SF. Great deals.
  • Longer time on the market. Must have faith in the long term appreciation
  • Low demand due to unfavorable conditions from homeless and addiction problems.

Landmarks

  • dragon streetlamps
  • Dr. Sun Yat-Sen Classical Chinese Garden
  •  International Village
  • Kuomintang Building
  • Chinese Benevolent Association of Vancouver
  • Chinese inspired architecture

The Future

  • Beedie new development
  • Chinatown Historic Area planning committee
  • Chinatown Revitalization Action Plan

🙅 Crosstown District

Brief History

  • Crosstown is located in the middle of the oldest and most cultural area’s of Downtown Vancouver
  • Some of the original LOFT buildings on Beatty Street
  •  LOFT conversions in early 2000’s
  • Steps down to Stadium Chinatown
  • Sun Tower
  • Strip along Beatty Street

Motivation

  • Currently designated Crosstown by the businesses there
  • Location on the border of Chinatown and Gastown
  • Specific Street, Real Estate and Restaurants here.
  • Entrance to Entertainment District and Chinatown

Real Estate Mix

  • Heritage conversion lofts
  • Residential, Penthouse luxury lofts
  • Dirty Apron Cooking school
  • Chambar
  • Jam Cafe

Residential Demographics

  • Trendy
  • Professionals
  • Loft people
  • Sizeable income
  • Owner occupied

Market Dynamics

  • High demand as loft only
  • Brick, beams, high ceilings, roof top terraces, 1 bed’s to PH lofts
  • Time on market is fast as unique product
  • $1000/SF entry level.
  • Specific type of buyer

Landmarks

  • Sun Tower
  • Brick exposed Loft buildings
  • Chambar

The Future

  • Easy Park Parking to be redeveloped?
  • The Kent
  • Chambar building
  • Salient Developments

🦦 Creek District

Brief History

  • Science World
  • Dragon Boat Race
  •  Bosa Towers
  • NE False Creek

Motivation

  • This location is currently designated at Downtown East but does not really have an identity. It should seeing there are 8 residential towers and a whole new community coming being developed by Concord. There is a lovely seawalk in front of this area.

Real Estate Mix

  • Mostly residential with commercial spaces down below on the north side.
  • The new hospital will be going in behind the Creek District which will make desirability for housing in this area.
  • Bosa has 5 towers along Quebec street that are Landmark built in 1993 and up.

Residential Demographics

  • The homeless problem has increased in this area. Therefore the demographic currently is young professionals, 50/50 tenants, lots of investors and average income with a mix of SRO and homeless scattered around on Main Street.

Market Dynamics

  • Entry level on the older building can be $750/SF and on the newer $950/SF.
  • The views are great overlooking False Creek, the city, BC Place, North Shore Mountains, Gastown.
  • Its an area in transition that could use a clean up.

Landmarks

  • Science World
  • Skytrain station at Main and Quebec
  • Access to seawall and parks
  • Concord place, events are often set up in the Concord parking lot.
  • Underdeveloped but City of Vancouver has plans to remove the viaducts and redevelop this location.
  • Great for biking, kayaking, 3 minute walk to everywhere.

The Future

  • 11 acre park
  • Rental developments
  • Concord site
  • Removal of viaducts
  • Currently NE False Creek

🏳️‍🌈 Davie Village

Brief History

  • Davie Village is often considered the heart of Vancouver’s LGBTQ+ community. It’s a place where people of all sexual orientations and gender identities can feel comfortable and accepted. The neighborhood is known for its numerous LGBTQ+ bars, clubs, and businesses.
  • Davie Village is a vibrant and diverse neighborhood located in the West End of Vancouver. It is known for its inclusive and welcoming atmosphere, particularly for the LGBTQ+ community.
  • The neighborhood often hosts various cultural events and festivals, including the annual Vancouver Pride Parade, which is one of the city’s largest and most celebrated events.

Motivation

  • This is already a very established part of the Downtown area.
  • It has a very specific location and identity currently that the LGBTQ+ community feel comfortable in.

Real Estate Mix

  • The diversity of Davie Village is reflected in the shops, restaurants, and services available in the area.
  • Mix of old rental buildings to now luxury concrete towers. Some hotels, affordable housing, co-ops and strata.

Residential Demographics

  • While known for its LGBTQ+ scene, Davie Village is also home to a diverse range of residents from various backgrounds and cultures.

Market Dynamics

  • Depending on the age and views, freehold vs leasehold, 1 bedroom condos can start at 300k all the way up to 3M for view condos.
  • The higher end is sitting on the market longer and the confidence in this location grows.
  • Lower end pricing is sold within a week.
  • Big demand for entry level product.

Landmarks

  • The streets of Davie Village are typically bustling with activity. During the day, you’ll find people shopping, enjoying brunch at cafes, and exploring the local boutiques. At night, the area comes alive with a vibrant nightlife scene.
  • The neighborhood is home to organizations and community centers that work towards inclusivity, support, and advocacy for the LGBTQ+ community.

The Future

  • Opportunities for development throughout Davie Village with the apartment building walk ups.
  • Older sites are being rezoned and developed.
  • Mirabel, more construction on Thurlow and Davie.

🌅 English Bay District

Brief History

  • English Bay in Vancouver, Canada, is a picturesque body of water nestled along the city’s western shoreline. Its name originates from the historical exploration and settlement of the region by European navigators, primarily British and Spanish. The name “English Bay” reflects the British influence in the area and serves as a reminder of the colonial history of Vancouver.

Motivation

  • This area of Downtown is very specific to the walkability to the beach. English Bay beach spans over 4KM and has a specific beach vibe that everyone loves!

Real Estate Mix

  • Residential use of strata, apartments, co-op and social housing.
  • A mix of older concrete towers & low rise walk up as well as new concrete ultra luxury buildings.

Residential Demographics

  • Very mixed demographic. Renters, owners, gay, straight, old timers, new immigrants. Very diverse location.

Market Dynamics

  • This is a mix of old vs new so pricing really ranges depending on old or new as well as water views or not.
  • For old entry level is $800/SF and for new $1500/SF.

Landmarks

  • A-maze-ing laughter Art
  • The Berkeley
  • Douglas Coupland tower
  • Cactus Club on the Beach
  • Ilanaaq Inukshuk
  • Sandy beach and sunsets.

The Future

  • We will continue to see more development in this area as it is arguably the best view in Vancouver.
  • Also new restaurants are popping up, the area is being cleaned up with new construction, grocery, bike lanes and beach improvements.

🎰 Entertainment District

Brief History

  • BC Place was the 1st stadium in The Entertainment District to be built. BC Place stands as an important cultural and sporting venue in Vancouver, contributing to the city’s identity and hosting a diverse range of events for the community.
  • The idea for a large, covered stadium in Vancouver was first proposed in the late 1960s and early 1970s. The concept was to have a versatile venue that could host a variety of events, including sports, concerts, and exhibitions.
  • Next came GM place now known as Rogers Arena.
  • This location also used to host the Molson Indy.
  • Many events, concerts, sporting games, circuses are in the entertainment district.
  • JW Marriott was built in 2019 and now hosts the Casino. This is the perfect hotel to host guests who come to Vancouver for concerts, sporting events etc.

Motivation

  • This is a very specific location in the city where the concerts, games and large events take place. Cirque du Soleil, carnivals, so many wonderful events specific to Vancouver are hosted here so having its own designation makes it easy to locate.

Real Estate Mix

  • BC Place
  • Rogers Arena
  • JW Marriott Hotel and Casino
  • Costco
  • Mix of rental and strata buildings
  • Concord Pacific site
  • Skytrain station
  • Huge diversity here. Most buildings are est 2005.
  • Rogers owner built 2 rental buildings around Rogers arena.

Residential Demographics

  • Concord Pacific built the four Spectrum towers above Rogers arena and the rest followed. Lots of investors here so lots of rental suites. Mostly younger crowd.
  • Noisy location with the concourse underneath.
  • Young professional, entry level.

Market Dynamics

  • Pricing is $1000/SF entry. Very busy location so not for everyone.
  • Very investor heavy and 1st time home buyer.
  • Lots of product so must be priced well.
  • Perfect example of “box in the sky”.

Landmarks

  • BC Place
  • Rogers Arena
  • JW Marriott Hotel and Casino
  • Costco
  • Mix of rental and strata buildings
  • Concord Pacific site
  • Skytrain station
  • Restaurants
  • Cirque du Soleil
  • Spectrum Towers (Concord)

The Future

  • Not much room left to build here.
  • One suite left by Concord.
  • Continue with city events.

🏦 Financial District

Brief History

  • In the early 20th century, the financial district began to take shape with the construction of various office buildings and banks.
  • Key buildings included the Marine Building (1930) and the Vancouver Stock Exchange (1907).
  • Skyscraper Boom (1970s – 1990s): The 1970s to the 1990s saw a significant boom in high-rise construction in the financial district. Many of the iconic skyscrapers, such as the Royal Centre and Bentall Centre towers, were built during this period.

Motivation

  • This is a highly concentrated business focused area
  • It is a vibrant and bustling area with a diverse range of financial activities.
  • Helps understand what you will find in this area of downtown. It’s central, concrete, business focused downtown specific.
  • Vancouver’s financial district is home to a range of businesses, including major banks, law firms, investment companies, and other professional services.

Real Estate Mix

  •  Given Vancouver’s booming real estate market, there is a significant presence of commercial real estate investment and development in the area.
  • Mostly commercial buildings, businesses, lots of new sleek commercial construction bringing new life to this area.
  • The strata that exists is very high end to compliment the business and professional vibe.

Residential Demographics

  • Mostly professional demographic.
  • Very few residential options. Only strata. High end construction.

Market Dynamics

  • Very specific buyer for this location.
  • Business focused purchasers.
  • Time on market can be longer due to fewer purchasers in the area.
  • Not much of a sense of community.
  • Business professionals.

Landmarks

  • The area is home to numerous banks, including major Canadian and international banks such as TD Canada Trust, RBC Royal Bank, Scotiabank, and HSBC. These institutions offer a wide range of financial services, including retail and commercial banking, wealth management, and investment banking.
  • Many major corporations and businesses have their headquarters or regional offices in downtown Vancouver. These include companies in sectors such as finance, technology, real estate, and natural resources.
  • Notable structures include the Bentall Centre, Royal Centre, and the Guinness Tower.

The Future

  • New commercial buildings are getting closer to completion and will bring in new restaurants, cafes, boutiques etc.
  • Becoming more concentrated and business focused.
  • Very apparent you are in the financial/business area when you are here.

🍺 Gastown District

Brief History

  • Gastown was established in 1867 by a man named John “Gassy Jack” Deighton, a steamboat captain and bar owner. He arrived in the area with the intention of opening a saloon to serve the workers of the lumber mills and sawmills in the area. The settlement quickly grew around his tavern.
  • After the fire of 1886 which wiped out most of the structures, Gastown was rebuilt using more durable materials like brick and stone. The neighborhood became a commercial center, with businesses ranging from wholesale trade to manufacturing.

Motivation

  • Solid identity already in place.

Real Estate Mix

  •  Great mix of residential, rental, commercial, restaurants and retail currently.
  • Lots of great heritage buildings that have been refurbished.
  • Warehouse conversions.
  • Affordable area that includes strata and rentals.

Residential Demographics

  • Mostly young crowd in Gastown due to the state of the area.
  • Young professionals.
  • Very diverse, film and tech industries. Restaurant industry and retail industry workers owning and renting in Gastown.

Market Dynamics

  • Since C19 Gastown has taken a hit due to homelessness problem which has created a hit on pricing in Gastown.
  • Condos can be purchased in the 800’s/SF range to start and upwards.
  • Hesitation from buyers looking in Gastown due to homelessness and crime situation.
  • Properties are on the market longer.
  • Uniqueness for the homes, ie lofts, conversions, brick and beam exposures creates demand however the homeless crisis creates hesitation.

Landmarks

  • Gastown Steam Clock
  • Old Spaghetti Factory
  • Maple Tree Square
  • Hotel Europe
  • Waterfront Station
  • Alley Oop
  • Gaoler’s Mews

The Future

  • Gastown heritage management plan
  • New hotel planned for 302 Water Street
  • Conservation and regulations around retail
  • Pedestrian only on Water Street
  • Blood Alley by Westbank

⚓ Harbour District

Brief History

  • English Bay in Vancouver, Canada, is a picturesque body of water nestled along the city’s western shoreline. Its name originates from the historical exploration and settlement of the region by European navigators, primarily British and Spanish. The name “English Bay” reflects the British influence in the area and serves as a reminder of the colonial history of Vancouver.

Motivation

  • This area of Downtown is very specific to the walkability to the beach. English Bay beach spans over 4KM and has a specific beach vibe that everyone loves!

Real Estate Mix

  • Residential use of strata, apartments, co-op and social housing.
  • A mix of older concrete towers & low rise walk up as well as new concrete ultra luxury buildings.

Residential Demographics

  • Very mixed demographic. Renters, owners, gay, straight, old timers, new immigrants. Very diverse location.

Market Dynamics

  • This is a mix of old vs new so pricing really ranges depending on old or new as well as water views or not.
  • For old entry level is $800/SF and for new $1500/SF.

Landmarks

  • A-maze-ing laughter Art
  • The Berkeley
  • Douglas Coupland tower
  • Cactus Club on the Beach
  • Ilanaaq Inukshuk
  • Sandy beach and sunsets.

The Future

  • We will continue to see more development in this area as it is arguably the best view in Vancouver.
  • Also new restaurants are popping up, the area is being cleaned up with new construction, grocery, bike lanes and beach improvements.

☁️ High Point District

Brief History

  • Central part of the city, near the intersection of NELSON Street and Burrard Street
  • St. Paul’s Hospital lot SOLD for $850M to Concord Pacific
  • Highest topographic point of Downtown Vancouver
  • When you are in WV or Westside, you can see the skyline be raised up in this location even though these buildings are no longer the tallest in the city

Motivation

  • This is a very specific area of Downtown Vancouver
  • It houses some of the tallest buildings in Vancouver. It is outside the business district but lots of young professionals here
  • The St. Paul’s site will house several new towers on this 6.6 acre site and keep the façade of the St. Paul’s historical building

Real Estate Mix

  • Very diverse location currently
  • Lots of health care related businesses
  • Restaurants, coffee shops, grocery stores
  • SROs, rental buildings, new construction, new luxury towers

Residential Demographics

  • Lots of professionals as walking distance to the financial district
  • Lots of investors (Burrard One, Wall Centre, Butterfly)
  • Mix of rich and poor
  • Not many families

Market Dynamics

  • Pricing ranges as very diverse area currently
  • Some low income housing, SROs
  • New, concrete, luxury towers
  • New is $1600–$2500/SF
  • 1 bedrooms sell quickly where the higher end is on the market longer

Landmarks

  • St. Paul’s Hospital
  • Butterfly and First Baptist Church (1911)
  • Wall Centre
  • Downtown Toyota
  • Burrard One and Two

The Future

  • Lots of growth coming to this area
  • 3 sites are going to be developed (St. Paul’s, both lots at the corner of Davie and Burrard)
  • The Butterfly building
  • The CURVE building

📖 Library District

Brief History

  • The Library Square building project was the largest capital project ever undertaken by the City of Vancouver at the time, at an approximate cost of $107 million.
  • The new Central Library received numerous awards and recognitions for its architectural design and innovative features, including the Governor General’s Medal in Architecture.
  • Digital Expansion (21st Century): With the rise of digital technology, the Vancouver Public Library has adapted to offer a wide range of digital resources, including e-books, online databases, and digital media.
  • Community Programs and Services: The VPL is not only a repository of books but also a hub for community engagement. It hosts a variety of programs, workshops, and events for people of all ages, as well as providing access to various community services.
  • New Canada Post building will be opening up soon.

Motivation

  • Such a specific area of the city. Where students hang out. Restaurants are conducive to students price point
  • Lots of pubs
  • Performance arts area
  • Already its own little hub without a name

Real Estate Mix

  • Residential is strata but lots of rentals in this area to cater to students
  • Buildings are all 10+ years
  • Demand for rental units, amazon building
  • Entry level residential

Residential Demographics

  • Lots of younger students
  • Lots of investors renting out their properties
  • Young professionals

Market Dynamics

  • 1 bedroom condo’s selling very quickly and multiple offers
  • $1000/SF so more affordable
  • Great location for investors as demand for rentals in this location

Landmarks

  • The Centre of Performing Arts
  • Queen Elizabeth Theatre
  • The Vancouver Public Library
  • Vancouver Broadcast Center
  • Westin Hotel
  • Vancouver Community College
  • Canada Post building – home to Amazon

The Future

  • Canada Post building under construction which will house Amazon

⛵ Marinaside District

Brief History

  • Quayside Marina was the foundation of the revitalization of this area in the late 1980
  • The marina and Marinaside Crescent transformed the former industrial lands into a trendy residential and commercial district
  • Concord Pacific purchased the entire strip along Marinaside in the 1990’s and completely revitalized and redeveloped this neighborhood

Motivation

  • This is the waterfront strip of Yaletown. It is all along Marinaside which includes all waterfront buildings, restaurants, grocery, cafe’s and the Quayside Marina.
  • This is a destination for many so this specific area already is a nameless neighborhood of its own.

Real Estate Mix

  • Strata residential, luxury buildings mixed with low income housing (designated for families as its close to Else Roy school)
  • Lots of commercial, grocery, bike shops, restaurants, cafe’s
  • Lots of investors in the area so rental options in the strata’s
  • Marinaside buildings were built 1999–2002

Residential Demographics

  • Very diverse location
  • Because of the school and David Lam Park, there are lots of families here.
  • Lots of downsizers too as there are lots of larger floorplans in this area in luxury buildings
  • Floorplans range from studio’s to 4 bedroom condos which provides options of lots of demographics.

Market Dynamics

  • If waterfront with views, pricing can be $2300/SF
  • If a 1 bedroom no view looking into the city, prices can be starting at $1000/SF
  • Big range in pricing as the options are wide spread
  • More options for plans, views, buildings, so DOM depending on product

Landmarks

  • Quayside Marina
  • David Lam Park
  • Urban Fare
  • Roundhouse community centre
  • Provence restaurant
  • Seawall
  • Aquarius Mews towers
  • CPR Engine 374 Pavilion

The Future

  • The desirability is very high for boaters. There are no slips available at the marina which has created big demand.
  • Building are being upgraded now to keep up with maintenance, design and caliber for the area
  • All the lots have been developed so more about continued care and facelift to the buildings that are due

🚂 Railtown District

Brief History

  • A historic neighborhood located in the eastern part of downtown Vancouver close to the train tracks
  • It is known for its industrial heritage and historic buildings, many of which date back to the late 19th and early 20th centuries
  • The area was originally established as a terminus for the Canadian Pacific Railway in the late 1800s, which played a significant role in the development of Vancouver as a major port city. As a result, Railtown became a hub for various industries, including manufacturing, shipping, and warehousing.
  • Historic neighborhood known for its connection to the city’s early railway and industrial history.

Motivation

  •  Name is already identified

Real Estate Mix

  • Railtown has experienced revitalization efforts, and it has become a popular destination for creative industries, including design firms, tech startups, and artistic ventures. The neighborhood is known for its unique blend of heritage architecture and modern, innovative businesses.
  • Strata Heritage conversions
  • New loft construction
  • SRO’s
  • Trendy, loft, heritage conversions

Residential Demographics

  • Mostly young professionals
  • Lots of rental options
  • Investor strata rental options

Market Dynamics

  • Product is unique but location can be dodgy so leaves longer DOM’s
  • The product is unique and trendy
  • Starting $800/SF for 1 bed’s no view up to $1500/SF for PH with deck spaces

Landmarks

  • Crab Park at Portside: Although not technically in Railtown, Crab Park is located nearby and offers stunning views of the city, as well as a peaceful place to relax.
  • Vancouver Urban Winery: Housed in a historic building, this winery offers a unique urban wine experience. It’s located on Alexander Street.
  • The Settlement Building: This historic building houses several businesses, including Belgard Kitchen, Postmark Brewing, and Vancouver Urban Winery

The Future

  • Homelessness problem spills into this area making it less desirable
  • Community Engagement: The city has been working with community organizations, non-profits, and residents to develop solutions that are responsive to the needs and concerns of the DTES community.
  • Law Enforcement and Public Safety: Efforts have been made to balance public safety concerns with compassionate and effective law enforcement approaches, including community policing strategies.
  • Economic Development: Some initiatives focus on improving economic opportunities in the area, including supporting local businesses and providing job training and employment resources.
  • Supportive Housing: The city has been working to provide more supportive housing options for individuals struggling with homelessness and mental health issues. This involves not only creating new housing units but also offering wraparound services like counseling and addiction support.
  • Urban Planning and Redevelopment: Long-term plans include urban revitalization efforts to create a safer and more vibrant community.

🛍 Shopping District

Brief History

  • Vancouver, as a city, was incorporated in 1886. Alberni + Robson Street were among the early streets laid out in the city’s downtown core.
  • Robson Street became known as a cultural and entertainment hub in the 1980s and 1990s. It was a popular spot for locals and tourists alike, with a wide array of shops, cafes, and restaurants.
  • In recent decades, Alberni Street has undergone a transformation into a high-end shopping district, often compared to the likes of Rodeo Drive in Beverly Hills or New York’s Fifth Avenue.
  • Luxury boutiques, high-end restaurants, and upscale residences have become prevalent along Alberni Street, attracting affluent shoppers and residents.

Motivation

  • This is a very specific shopping hub. Robson is mainstream and Alberni is high end luxury retail. Great for tourists to identify where to shop, explore, dine and enjoy.

Real Estate Mix

  • Mix of high rise strata buildings, lots of commercial towers, retail, restaurants.
  • Mix of rentals, hotels, air B and B options.
  • More expensive to stay here due to convenience.

Residential Demographics

  • Investor heavy area as rentals go for $5/SF and air b & b prominent
  • Lots of professionals in this neighborhood as it’s walking distance to many commercial buildings
  • Mix of rentals and strata owner occupied

Market Dynamics

  • Entry level is around $1000/SF for the older no view options then ranging to $2500/SF for sky homes in Shangri-la and other new high rise towers being built in the area
  • Depending on price but the entry level 1 bedroom condos in demand as they can be rented or air b & b. Big demand for this

Landmarks

  • Notable landmarks along Alberni Street include the Shangri-La Hotel, a luxury hotel
  • The area around Robson Square, designed by renowned architect Arthur Erickson, became a central gathering place for events and cultural activities
  • Vancouver Art Gallery
  • Tiffany building
  • Fairmont Vancouver Hotel with Gucci and Louis Vuitton below
  • Urban Fare coupled with Rolex
  • Black and Blue, Coast, The Keg, Earls on top, Chiopinos

The Future

  • Alberni Street continues to be a focal point of Vancouver’s upscale retail and real estate market
  • The retail and pre-construction projects continue to be developed further down Alberni Street
  • Robson Street is being revitalized after pandemic shutdown to brick and mortar
  • New residential towers coming to Robson Street — Landmark

🪩 Social District

Brief History

  • Granville Street runs north–south and has been designated as the Granville Entertainment District for years
  • By the early 20th century, Granville Street had become the heart of Vancouver’s entertainment district. It was lined with theaters, dance halls, and other entertainment venues.
  • The Vogue Theatre, which is an iconic landmark on Granville Street, was built during this period as well as Orpheum Theatre

Motivation

  • This location is already pegged as the entertainment area of Downtown Vancouver. However, currently it doesn’t include some strata buildings which are connected to VIFF Centre
  • Very specific and concentrated area which includes many pubs, restaurants, theatres and venues so naturally it should have its own identity

Real Estate Mix

  • Mostly a commercial area however, there are residential strata buildings on Seymour Street that are in the Social District
  • There are also some low income housing buildings and recovery centers
  • Mix between strata and affordable housing located above some of the commercial area
  • Low income hotel conversions

Residential Demographics

  • Young professionals
  • Some young families in the strata buildings
  • Low income

Market Dynamics

  • Entry level pricing in this area
  • Large demand due to pricing

Landmarks

  • Granville Street is an integral part of Vancouver’s cultural landscape. Popular for tourists and residents alike
  • Vogue Theatre, Orpheum, The Roxy, Commodore Ballroom, The Granville Room, VIFF Theatre, The Yale Saloon
  • Canada Line station
  • The Capital Tower named after Capitol 6 Theatres

The Future

  • The City of Vancouver council approved a new vision for the coined “entertainment district”
  • With an objective to re-establish Granville Street as an exciting, welcoming, safe, and inclusive downtown destination, the plan will also focus on supporting economic stimulus and cultural revitalization for the area
  • Advance reconciliation, equity, and accessibility
  • Support arts, culture, and heritage in Vancouver
  • Prioritize programs that support gender-based and overall safety
  • Expand and enhance public space to support a range of activities
  • Protect and strengthen job space
  • Expand tourism
  • Improve connections to active transportation and transit

🦌 Stanley Park District

Brief History

  • Lord Stanley’s Namesake: The park was named after Lord Frederick Stanley, the then-Governor General of Canada, in 1889. Stanley is perhaps best known for donating the Stanley Cup, the famous ice hockey trophy.
  • Early Development: Over the next few decades, the park underwent significant development. Roads, trails, and attractions like the Prospect Point Lighthouse and the Vancouver Aquarium were established.
  • Seawall Construction: The construction of the Seawall, a popular walking and biking path that encircles the park, began in the early 20th century and was completed in various stages over the years.
  • Notable Features: The park boasts several key attractions, including the Totem Poles, which are a collection of indigenous totem poles, and the Hollow Tree, a famous, centuries-old Western Red Cedar stump.

Motivation

  • There are currently approx. 20 residential strata buildings within steps to the park. This amenity is invaluable. Stating that you live in the “Stanley Park District” gives reference to the closeness of the residence to the park
  • Very posh and desirable location to live steps to one of the largest and most beautiful parks of North America

Real Estate Mix

  • Luxury residential with incredible views of the marina, Stanley Park, and North Shore mountains
  • Well kept older buildings and some new currently under construction
  • Mostly strata with great amenities, lobbies, accessibility
  • Westin Hotel, Bayshore buildings, Lagoon Terrace

Residential Demographics

  • Downsizers, older demographic, luxury residences, long-term owners
  • Owner occupied
  • Professionals

Market Dynamics

  • Longer time on market due to price point but units rarely turn over
  • Pricing without views can be $1400/SF up to $3000/SF depending on the size, building and views

Landmarks

  • Stanley Park Seawall: The construction of the Seawall, a popular walking and biking path that encircles the park, began in the early 20th century and was completed in various stages over the years which is 9km all the way around the park
  • Vancouver Aquarium: Established in 1956, the Vancouver Aquarium became a prominent feature of Stanley Park, serving as a marine science center and a popular attraction
  • Military Reservation: In 1859, the British Crown designated the area as a military reserve, known as “Coal Peninsula,” primarily due to its strategic location. However, it wasn’t developed for military purposes, and in 1886, it was officially designated as a city park
  • John Morton: The park’s development was greatly influenced by John Morton, who was appointed as the first park commissioner in 1886. He played a key role in shaping the park’s early infrastructure and landscaping
  • The Totem Poles, which are a collection of indigenous totem poles, and the Hollow Tree, a famous, centuries-old Western Red Cedar stump
  • Teahouse restaurant
  • Lost Lagoon

The Future

  • The entire 1600 W Georgia block is being redeveloped
  • Currently under construction: 1515 by Bosa
  • The Park by Anthem is just opening up their sales centre
  • White Spot lot was sold for $245M to Carnival
  • Westbank owns several lots on Georgia/Alberni

🌳 West End District

Brief History

  • Architectural Styles (Early 20th Century): During this period, many of the West End’s characteristic apartment buildings were constructed. The area features a mix of architectural styles, including Victorian, Edwardian, and Art Deco.
  • Post-War Boom (1940s–1950s): After World War II, the West End experienced another period of growth. Many older houses were converted into apartments, and new high-rise apartment buildings were constructed.
  • Community Activism (1970s–1980s): During the 1970s and 1980s, the West End saw significant activism, particularly around issues related to urban development and preservation. One of the most notable protests was against the proposed demolition of many older heritage homes to make way for high-rise buildings.

Motivation

  • Currently has its own identity but it’s too broad. Currently includes shopping district, English Bay district, Stanley Park district. It should be scaled back to be more concentrated on the centre of the West End currently

Real Estate Mix

  • The West End is a complete mix of real estate: 1960’s walk-ups, new concrete towers, co-ops, leasehold strata, mom and pop shops, rentals, low income—very diverse.

Residential Demographics

  • Diversity and Culture: The West End has a long history of being a diverse and inclusive community. It attracted people from various ethnic backgrounds and has been known for its LGBTQ+ community, with Davie Street becoming a focal point for gay culture.
  • There is one elementary school so there are many families that have been in this community for a long time.
  • Long-term renters

Market Dynamics

  • Over the last 2–4 years, the West End has seen the most demand when looking at downtown Real Estate stats
  • There is demand for community which the West End provides
  • There is a demand for quiet which the West End provides
  • Properties under 1M in the West End sell fairly quickly—under 2 weeks if properly priced
  • The West End was/is more affordable, with strata buildings starting in the $800/SF for older buildings
  • Low inventory in this location

Landmarks

  • Protection of Heritage Buildings: Due to the efforts of community activists, many of the West End’s heritage buildings were preserved. This has helped maintain the unique character of the neighborhood
  • Gabriola Mansion – 720 Jervis Street
  • Denman Street restaurants
  • Cardero Grocery

The Future

  • City of Vancouver plans renewal of West End Community Centre and Joe Fortes Library
  • Improved public spaces on Denman Street
  • Improve the Bute Greenway — a public space for pedestrians, residents and tourists to sit, relax, enjoy and eat and drink

🍁 Yaletown District

Brief History

  • Yaletown’s history can be traced back to the late 19th century when it was originally established as a rail yard and industrial district. The Canadian Pacific Railway (CPR) chose this location for its roundhouse and rail yards, making it a crucial transportation hub.
  • In the early 20th century, Yaletown was at the heart of Vancouver’s industry, hosting warehouses, factories, and commercial enterprises. The neighborhood thrived as an industrial center, supporting various businesses and providing employment opportunities.
  • The district fell into a state of urban decay during the 1970s and 1980s, with many of the once-bustling warehouses and factories abandoned or repurposed for other uses. This period saw a decline in the neighborhood’s prosperity and vitality.
  • In the late 1980s and early 1990s, Yaletown began a remarkable transformation. Urban planners and developers recognized the potential of the area due to its strategic location near downtown Vancouver and False Creek. They initiated a comprehensive redevelopment project that aimed to turn the abandoned industrial spaces into a vibrant urban neighborhood.

Motivation

  • Yaletown already has its own identity but it’s too broad. Currently includes Marinaside District, Beach District, Library District, and Entertainment District. Should be tightened up to highlight why it was named Yaletown to begin with and focus on Yaletown’s special attractions and highlights.

Real Estate Mix

  • Yaletown is characterized by its historic red brick buildings juxtaposed with modern glass towers, creating a unique urban landscape.
  • The streets are lined with upscale shops, trendy restaurants, and lively bars.
  • Diverse mix of residents, rentals, commercial, restaurants, bars, cafes.
  • Buildings from 1800s that have been heritage conversion strata to new concrete glass towers

Residential Demographics

  • Lots of young professionals live here due to the vibrancy and nightlife Yaletown offers.
  • Downsizers, owner-occupied, renters for young people. Families due to Elsie Roy School / David Lam Park
  • High income for owners and the real estate is expensive.
  • Lots of student/young community enjoying city living for the 1st time

Market Dynamics

  • Pricing can start around $1100/SF and go up to $2000/SF depending on building, size and views
  • Demand for this location under $800K — big demand for 1 bedrooms

Landmarks

  • Hamilton Street and Mainland Street: These are two of the main streets in Yaletown, known for their cobblestone sidewalks, boutique shops, restaurants, and cafes. They are a significant part of Yaletown’s charm.
  • Heritage Buildings: Yaletown is known for its historic warehouse buildings, many of which have been converted into residential lofts, offices, and shops. These buildings contribute to the neighborhood’s unique character.
  • The Cross designer furniture store is very popular
  • Cactus Club Cafe has been there for 25+ years
  • Yaletown-Roundhouse SkyTrain Station: This is part of Vancouver’s public transportation system and is located in the heart of Yaletown. It’s a distinctive piece of modern architecture in the area.
  • Roundhouse Community Arts and Recreation Centre: This is one of the most recognizable landmarks in Yaletown. It’s a historic building that used to be a Canadian Pacific Railway roundhouse and is now a community center offering various programs and activities.

The Future

  • There is a new pedestrian-only space between Mainland and Hamilton on Helmcken. Public art and benches to sit and enjoy
  • Lots of public art being displayed on the streets for people to enjoy
  • Pop-up shops
  • Farmers market has been successful

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