The City of Vancouver approved the final draft of their Cambie Corridor proposal for the next 30 years. It's a comprehensive plan to add more types of housing, increase density, create more job space, improve transit connections and public amenities.
The Cambie Corridor is a combination of Cambie, Oakridge, South Cambie and Marpole neighbourhoods in the city of Vancouver, British Columbia, Canada. Now that the City of Vancouver has approved the 30 Year Cambie Corridor Plan, the prices of homes in this area will continue to increase. Not only will some home owners reap the rewards of developers purchasing their homes to redevelop, but homes in general will increase due to the future desirability and convenience of living within the Cambie Corridor.
Some of the highlights include:
- desnsifying with a variety of housing options including low-rise and high-rise
- creating a municipal town centre hub around 41st Avenue and Cambie with new amenities, parks and plazas
- improving transit and the Canada Line (skytrain)
- 20+ acres of new parks (including a new 10 acre Fraser River park)
- 1,080 new childcare spaces
- New and improved community facilities (e.g. New Oakridge Community Centre)
- And much more!
View the City of Vancouver's infographic below, their 4 page Cambie Corridor Summary, their 14 page Cambie Corridor Overview or their entire 253 page Cambie Corridor Plan detailing land use, housing policies, transportation, parks, etc.
If you have any questions, want to purchase a home along the Cambie Corridor, or would like to discuss how this will affect your home's value, please give us a call or send an email. We’d love to share our insights.