How will the Vancouver Broadway Corridor Skytrain Extension Affect Real Estate Prices?

Route of the Broadway Skytrain Extension

With the population of Vancouver, BC increasing, Translink is hoping to extend the Millennium skytrain line along the Broadway corridor. They are proposing to create a line from the from Vancouver Eastside's VCC–Clark station to a new station on Arbutus Street on Vancouver's Westside. Some of the skytrain will be above ground, but primarily it will be tunneled beneath the Broadway Corridor.

Timeline for the Broadway Corridor Extension of the Millennium Skytrain

According to Translink, the provincial and federal governments have committed funds to this project. If approved, construction could start as early as 2019. The construction is expected to take approximately five to six years to complete.

How will the Vancouver Broadway Corridor Skytrain Extension Affect Real Estate Prices?

If approved, the properties close to the proposed Broadway Corridor skytrain route are expected to increase in value. Good transit routes are one of factors which positively affect the market value of a home. For the highest gain, it's generally best to purchase a property sooner rather than later. Homes along this route will not only be great for homeowners, they will also be a savvy investment for landlords. View homes for sale along Vancouver's Broadway Corridor.