Condo Development near Transit Hubs: Benefits of Living near the SkyTrain
With higher population density in major cities, condos allow people to live in the downtown cores. In Canada, Vancouver tops the list with over 30% of occupied dwellings being condominiums and Toronto close behind.
Governments have encouraged real-estate planners and developers to focus on areas within close proximity to transit to build high-density condos. In December 2023, BC’s Bill 47 designated 20 Transit-Oriented Areas to allow minimum heights and densities within prescribed distances of rapid transit stations. In Vancouver, for example, zones are designated by being within 800 metres of the SkyTrain. Toronto has taken a similar approach, aiming to fast-track housing developments and increase density around 120 major transit areas.
The SkyTrain in Vancouver is a major rapid transit system in the Vancouver area of British Columbia. It has multiple Lines that connect many neighbourhoods, with extensions continuing to be developed. The Expo Line, Millennium Line, and the Canada Line are a combined 79.6 kilometres (49.5 miles). Many residents look to the SkyTrain stations for potential condos purchases. Websites like www.skytraincondo.ca allow potential buyers to search condos by station and look out for pre-sale condos.
Here is a list of reasons you might want to look for a Condo near public transit, even if you don’t use it yourself:
Magnet for Businesses and Tenants
Public transit access is typically a magnet for businesses and tenants. According to Statistics Canada, around 12% of Canadians commute to work via public transportation, which continues to rise.
Potential Property Value Increase
Due to their high demand, condos near transit generally have a higher market value and stronger price appreciation.
Fast, Cheap, and Easy Travel
Whether you have a car or not, you can avoid traffic and get around the city quickly and easily.
Check out these Condos near the SkyTrain and leave your review today:
610 Granville Street sits atop Granville Skytrain Station - 1 Minute away
1189 Melville Street near Burrard Station - 5 Minute walk
Spectrum 1 at 111 W Georgia Street near Stadium–Chinatown Station on the Expo Line - 7 Minute walk
Fresco Building at 2088 Madison Avenue, Burnaby close to Brentwood Town Centre SkyTrain Station on the Millennium Line - 7 Minute walk
Is living near public transit important to you? Leave a review about your condo and let us know.
