After more than a decade of planning, Oakridge’s master redevelopment is now underway! One of the biggest developments in Canadian history is set to redefine the epitome of world class standards.
The 28.5 acre property is being consulted by top 50 firms world wide.
Oakridge isn’t just constructing a residential, commercial, mixed use mall, it is reedifying the meaning of mall with a fully integrated experience. The new one million square foot mall will entail the top purveyors around the world from luxury brands, to top local retailers, and your major anchor retailers.
A 9 acre park unlike any other you’ve seen before with a 1 km long track exclusively designed by Nike is just one of the gems of this new development.
Oakridge’s densification along with the convenience of the Canada line has made the city consider it as the next municipal town center, it is also geographically near the highest point in the city and the center of Vancouver. Upon completion, Oakridge’s 1km radius alone is to be the home of approximately 50,000 people . With a hotel proposed adjacently and the large community development by Onni on 57th and Cambie, expect the population, prices, and density all to grow!
The Oakridge community is under a massive change, Langara Collage, Langara YMCA, and multiple mutli-family complexes are under construction or proposed for the near future. Considering all the changes happening to our city, all the new people coming to Canada daily, this new development is spearheading the movement for the future of the city. As home prices become a bigger issues with prices expected to keep on rising one would say now is the best time to buy!
With the increase in population the prices can only rise as the demand outweighs the limited supply we have. I expect the single family houses to nearly double in the next five to eight years as more single family zonings get rezoned to multi-family, limiting the supply of single family homes making it more scarce and even a luxury considering living in a home may be a thing of the past for many millennials.
If you have any questions regarding the residential and commercial units, or how you can benefit financially by positioning your self for the future get in contact with me today to create a unique personalized plan tailored to your lifestyle and needs.
Mindy Minhas
Sutton Group West Coast
Vancouver Real Estate Professional