Why live in East Vancouver? The East Vancouver Real Estate Market is booming! The area is also known as “East Van” or the “East Side” of Vancouver BC. Geographically, it is bordered to the north by Burrard Inlet, to the south by the Fraser River, and to the east by the city of Burnaby. East Vancouver is divided from Vancouver’s “West Side” by Main Street.
East Vancouver has been the first home for many non-British immigrants since the 1880s. It was also a more affordable area and the home for many lower-income working class. The East Side is best summarized by its diversity – family income, ethnicity and mother tongue. The rapid increase in housing prices and gentrification may be affecting the diversity of the area.
Immigrant waves have passed through East Vancouver include English, Welsh, Irish, Scottish, Italians, German, Eastern European, Chinese, South East Asian, South Asian. There is a strong geographic and diverse community identity. This diverse identity is strengthened by many active ethnic communities, a vibrant artistic presence, a politically engaged youth population, and vocal sexual-orientation and gender-identity groups.
Some Reasons Why Live in East Vancouver
Rapid Transit System:
The SkyTrain is the oldest and longest fully automated driverless rapid transit system in the world. The SkyTrain rapid transit system (current Expo Line) was built in 1985 for Expo 86 and to connect downtown Vancouver to Surrey with five stations in East Vancouver. The most prized real estate in East Vancouver is near the Skytrain Stations. New Condo Developments and townhouses are rapidly increasing.
Growing Housing Market:
After the First World War, a building boom occurred in many areas of East Vancouver, resulting in much of the region being occupied by single-family housing by the 1940s.
In 2007, the typical housing price of a single-detached house in East Vancouver was $627,758 (a 9% increase over the previous year and a 90% increase over the previous five years).
Increased housing prices have caused significant positive changes in East Vancouver, such as keeping existing residents, increased affordable housing options like condos, laneway houses, and townhomes. More residential investment, more community-pride events like neighbourhood clean-ups, block parties, and community gardening. Resulting in a greater tax base for new amenities such as Libraries and street lighting.
There are many pockets of New business ventures catering to the new gentries moving into the area. The East Van neighbourhoods are becoming well known for their Craft Beer breweries on Commercial drive, Adanac and Clarke drives.
There are Many East Side Parks and Recreation Areas:
- Trout Lake the only lake in the city, with one end dedicated to humans and the other end for dogs to swim in.
- Modern park grounds and fun park at Hastings Park
- The large and wild Everett Crowley Park,
- Kensington Park, where many wedding photographs are taken against the stunning backdrop of the city and the North Shore Mountains,
- The bustling Renfrew Community Park
- The diverse Strathcona Park with its skatepark and climbing wall
- The multi-use Memorial Park, which is dedicated to soldiers who died in WW1 and today provides many spaces for sports teams and neighbours alike.
- Another park is the Falaise Park on the border of Burnaby and Vancouver.