The big news in the world of transit, in case you haven’t heard yet, is that the SkyTrain is getting extended to the Tri-Cities. The Evergreen Line, a rapid transit line, will connect FOSTER directly to downtown Vancouver. This is great news for the new home buyers at FOSTER: commuting time will be drastically reduced when the Evergreen Line is completed.

The Evergreen line will have six stops, seamlessly connecting the West Coast Express to the existing Lougheed Town Centre SkyTrain Station. One of the stops – Burquitlam Station is within 10 minutes’ walking distance to FOSTER, our newest red brick apartment property. The Evergreen Line will run north from Lougheed Town Centre Station on an elevated guideway along the centre of North Road. Burquitlam Station will be on the east side of Clarke Road near Burquitlam Plaza. Leaving Burquitlam Station, the line will cross to the west side of Clarke Road, before entering a tunnel towards Port Moody. The project will begin when regional funding is in place, and construction will last about three to four years. Once completed, the transit time from FOSTER homes to downtown Vancouver will be significantly reduced. There will be no need for your car – think of all the gas money you will save!

As we all know, upgrading infrastructure projects tend to increase the value of real estate properties in the surrounding areas. In the Gateway Effect Research Report, 10% - 20% positive impact was projected on the key areas for transportation improvement. This was also mentioned in Edmund Chase’s article: “there have been instances where property prices have increased 20-40% from the announcement of an infrastructure initiative until the completion stage”. 

We of course don’t know for sure how great of an impact the Evergreen Line will have on the surrounding neighbourhood. One thing we know for sure is that buying a home at FOSTER provides you with an easy-commuting lifestyle and a great investment opportunity.

Call us today for more details: 604.936.9300 or comment here and we will respond as quickly as possible.

Posted on June 8 2011
Tagged with: Foster

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amir kaveie
I want range of 3 bedrooms prices

nancy tsai
I want range of 1 bedroom prices

ck lee
I want rang of 2 or3 bedrooms prices