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Enjoying the beach in No. 6-ranked Kitsilano, Vancouver (Destination British Columbia)
It doesn’t matter whether you’re bullish or bearish on real estate, just about everyone agrees: property is really expensive in Vancouver. But is buying a home in the Greater Vancouver Area a bad investment? Not if you’re in it for the long haul. Vancouver is one of those rare cities where there really is a shortage of land—what with the ocean on one side and the mountains on the other. Even if prices drop in the short term, as long as you can afford to hold tight, they’ll recover eventually. And by choosing a neighbourhood within the city where prices are not yet in the stratosphere, you can minimize the risk.
When we analyzed the neighbourhoods in Greater Vancouver for value, growth potential (momentum) and desirability (realtor grade), we weren’t surprised to see Port Moody Centre at the top the list. This tree-lined neighbourhood of single-family homes near Simon Fraser University certainly seems to offer value: Last year approximately 30 properties sold in this area at a benchmark price of just over $700,000—almost $50,000 less than the benchmark price for the Greater Vancouver Area. “Fact is, you get a lot more for your money in this community,” explains Rhonda Davis, a realtor with RE/MAX Crest Realty Westside. Plus there’s a mix of housing types: from newer townhomes, to older bungalows to side- and back-splits.
Photo gallery: Top 25 Vancouver neighbourhoods to buy in »
But Port Moody Centre boasts more than affordable homes (affordable for Vancouver, that is). “It’s art-focused so it still retains that sense of community,” explains Scott Stevenson, realtor with Keller Williams Black Diamond Realty. “Plus people in this neighbourhood are active,” Stevenson says. “They ride bikes, go for walks, or just stroll around before ordering some fish and chips from Pajo’s, or sitting on the patio at the Boathouse.” When they go shopping, local residents can visit their community meat shop, bakery, or fruit stand, or they can hop in a car and drive 10 minutes to the IGA.
Then there’s the location. Part of the reason Port Moody ranks so well is because the area is an accessible Metro Vancouver bedroom community, and it will become even more so when the rapid transit SkyTrain reaches the area in 2016.
The No. 2 neighbourhood on our list is Brentwood Park in North Burnaby. “Brentwood is becoming trendy, but not like Commercial Drive, where the hipsters hang out,” explains Davis. “Families who can’t afford Westside neighbourhoods—but still want a view of the ocean and easy access to downtown Vancouver—like Brentwood because it fills that niche.” Part of the community’s attraction is its relatively reasonable house prices—of the 30 or so single-family homes that sold in this area in 2014, the benchmark price was around $950,000. As an added bonus, the neighbourhood also continues to offer authentic, owner-operated espresso cafés and straight-from-Italy dinner spots which helps create and keep the community’s eclectic, authentic vibe.
Search to filter by neighbourhood or area
Rank
Rank
Neighbourhood (Area)
Neighbourhood (Area)
Average price
Average price
Average price vs. area
Neighbourhood price vs. metro district
Neighbourhood price vs. greater city area
Value grade
Value grade
1-year price appreciation
5-year price appreciation
Momentum grade
Momentum grade
Realtor grade
Realtor grade
1
1
Port Moody Centre (Port Moody)
Port Moody Centre (Port Moody)
$689,100
$689,100
74.6%
68.7%
84.5%
A
A
9.4%
26.2%
C
C
A
A
2
2
Brentwood Park (Burnaby North)
Brentwood Park (Burnaby North)
$944,600
$944,600
97.5%
94.1%
115.9%
D
D
13.9%
32.9%
A
A
A
A
3
3
Mountain Meadows (Port Moody)
Mountain Meadows (Port Moody)
$709,000
$709,000
76.8%
70.7%
87.0%
A
A
10.9%
22.2%
C
C
B
B
4
4
Cambie (Vancouver West)
Cambie (Vancouver West)
$1,730,600
$1,730,600
75.8%
172.5%
212.3%
C
C
5.5%
49.1%
B
B
A
A
5
5
Vancouver Heights (Burnaby North)
Vancouver Heights (Burnaby North)
$927,600
$927,600
95.8%
92.5%
113.8%
D
D
11.4%
30.1%
B
B
A
A
6
6
Kitsilano (Vancouver West)
Kitsilano (Vancouver West)
$1,769,000
$1,769,000
77.5%
176.3%
217.0%
C
C
9.1%
34.1%
B
B
A
A
7
7
Hastings (Vancouver East)
Hastings (Vancouver East)
$814,800
$814,800
83.6%
81.2%
100.0%
B
B
10.7%
34.9%
A
A
B
B
8
8
North Shore Pt Moody (Port Moody)
North Shore Pt Moody (Port Moody)
$745,000
$745,000
80.7%
74.3%
91.4%
A
A
8.4%
22.1%
D
D
A
A
9
9
Fairview VW (Vancouver West)
Fairview VW (Vancouver West)
$1,438,400
$1,438,400
63.0%
143.4%
176.5%
B
B
4.9%
45.6%
C
C
A
A
10
10
Collingwood VE (Vancouver East)
Collingwood VE (Vancouver East)
$869,300
$869,300
89.2%
86.6%
106.6%
C
C
12.6%
43.1%
A
A
C
C
11
11
Victoria VE (Vancouver East)
Victoria VE (Vancouver East)
$877,000
$877,000
90.0%
87.4%
107.6%
C
C
13.6%
40.2%
A
A
C
C
12
12
Willingdon Heights (Burnaby North)
Willingdon Heights (Burnaby North)
$920,100
$920,100
95.0%
91.7%
112.9%
D
D
11.4%
33.5%
A
A
A
A
13
13
Renfrew VE (Vancouver East)
Renfrew VE (Vancouver East)
$885,000
$885,000
90.8%
88.2%
108.6%
C
C
10.6%
41.6%
A
A
B
B
14
14
Marpole (Vancouver West)
Marpole (Vancouver West)
$1,418,900
$1,418,900
62.2%
141.4%
174.1%
B
B
9.1%
43.8%
A
A
C
C
15
15
Steveston Villlage (Richmond)
Steveston Villlage (Richmond)
$910,300
$910,300
89.5%
90.7%
111.7%
C
C
7.4%
27.9%
C
C
A
A
16
16
McNair (Richmond)
McNair (Richmond)
$832,700
$832,700
81.9%
83.0%
102.2%
B
B
10.0%
29.1%
B
B
B
B
17
17
Garden Village (Burnaby South)
Garden Village (Burnaby South)
$1,037,200
$1,037,200
97.3%
103.4%
127.2%
D
D
9.2%
47.5%
A
A
A
A
18
18
Central BN (Burnaby North)
Central BN (Burnaby North)
$643,600
$643,600
66.5%
64.1%
79.0%
A
A
11.7%
20.1%
C
C
B
B
19
19
South Slope (Burnaby South)
South Slope (Burnaby South)
$1,018,400
$1,018,400
95.5%
101.5%
124.9%
D
D
10.7%
32.3%
B
B
A
A
20
20
Burnaby Hospital (Burnaby South)
Burnaby Hospital (Burnaby South)
$1,038,400
$1,038,400
97.4%
103.5%
127.4%
D
D
9.4%
35.0%
B
B
A
A
21
21
Barber Street (Port Moody)
Barber Street (Port Moody)
$832,300
$832,300
90.1%
83.0%
102.1%
C
C
9.5%
23.1%
C
C
A
A
22
22
Steveston North (Richmond)
Steveston North (Richmond)
$802,800
$802,800
79.0%
80.0%
98.5%
A
A
7.4%
25.0%
D
D
B
B
23
23
Ironwood (Richmond)
Ironwood (Richmond)
$771,800
$771,800
75.9%
76.9%
94.7%
A
A
9.6%
27.0%
C
C
C
C
24
24
Mount Pleasant VE (Vancouver East)
Mount Pleasant VE (Vancouver East)
$897,900
$897,900
92.2%
89.5%
110.2%
C
C
7.8%
31.3%
C
C
A
A
25
25
Fraser VE (Vancouver East)
Fraser VE (Vancouver East)
$975,700
$975,700
100.1%
97.2%
119.7%
D
D
15.1%
44.2%
A
A
B
B
26
26
Knight (Vancouver East)
Knight (Vancouver East)
$938,700
$938,700
96.3%
93.6%
115.2%
D
D
11.8%
41.0%
A
A
B
B
27
27
New Horizons (Coquitlam)
New Horizons (Coquitlam)
$587,200
$587,200
76.6%
58.5%
72.0%
A
A
9.8%
22.6%
C
C
C
C
28
28
Oakridge VW (Vancouver West)
Oakridge VW (Vancouver West)
$2,060,900
$2,060,900
90.3%
205.4%
252.8%
D
D
15.0%
70.7%
A
A
C
C
29
29
Highgate (Burnaby South)
Highgate (Burnaby South)
$926,300
$926,300
86.9%
92.3%
113.6%
C
C
8.6%
33.5%
B
B
B
B
30
30
Glenayre (Port Moody)
Glenayre (Port Moody)
$759,800
$759,800
82.3%
75.7%
93.2%
A
A
5.6%
29.5%
D
D
B
B
31
31
Sentinel Hill (West Vancouver)
Sentinel Hill (West Vancouver)
$1,661,500
$1,661,500
83.7%
165.6%
203.8%
C
C
6.3%
40.1%
B
B
B
B
32
32
South Arm (Richmond)
South Arm (Richmond)
$877,400
$877,400
86.3%
87.5%
107.6%
B
B
8.5%
34.1%
B
B
B
B
33
33
Coquitlam West (Coquitlam)
Coquitlam West (Coquitlam)
$780,200
$780,200
101.8%
77.8%
95.7%
D
D
9.6%
28.3%
C
C
A
A
34
34
Central Coquitlam (Coquitlam)
Central Coquitlam (Coquitlam)
$756,000
$756,000
98.6%
75.4%
92.7%
D
D
9.7%
27.4%
C
C
A
A
35
35
Renfrew Heights (Vancouver East)
Renfrew Heights (Vancouver East)
$912,800
$912,800
93.7%
91.0%
112.0%
D
D
10.3%
40.7%
A
A
C
C
36
36
Hastings East (Vancouver East)
Hastings East (Vancouver East)
$930,800
$930,800
95.5%
92.8%
114.2%
D
D
11.4%
33.5%
A
A
B
B
37
37
Canyon Springs (Coquitlam)
Canyon Springs (Coquitlam)
$700,300
$700,300
91.4%
69.8%
85.9%
B
B
13.6%
25.8%
B
B
C
C
38
38
Brighouse South (Richmond)
Brighouse South (Richmond)
$629,400
$629,400
61.9%
62.7%
77.2%
A
A
7.7%
21.4%
D
D
C
C
39
39
Eagle Ridge CQ (Coquitlam)
Eagle Ridge CQ (Coquitlam)
$615,900
$615,900
80.4%
61.4%
75.6%
A
A
12.7%
19.5%
C
C
C
C
40
40
Beach Grove (Tsawwassen)
Beach Grove (Tsawwassen)
$661,100
$661,100
85.7%
65.9%
81.1%
A
A
7.9%
15.5%
D
D
A
A
41
41
Suncrest (Burnaby South)
Suncrest (Burnaby South)
$869,700
$869,700
81.6%
86.7%
106.7%
B
B
10.2%
27.1%
C
C
C
C
42
42
Steveston South (Richmond)
Steveston South (Richmond)
$980,800
$980,800
96.5%
97.8%
120.3%
D
D
7.5%
27.6%
C
C
A
A
43
43
Parkcrest (Burnaby North)
Parkcrest (Burnaby North)
$1,002,300
$1,002,300
103.5%
99.9%
123.0%
D
D
11.4%
27.5%
B
B
A
A
44
44
Capitol Hill BN (Burnaby North)
Capitol Hill BN (Burnaby North)
$964,400
$964,400
99.6%
96.1%
118.3%
D
D
9.4%
31.5%
B
B
A
A
45
45
Forest Glen BS (Burnaby South)
Forest Glen BS (Burnaby South)
$1,164,500
$1,164,500
109.2%
116.1%
142.9%
D
D
12.0%
42.8%
A
A
A
A
46
46
McLennan (Richmond)
McLennan (Richmond)
$994,700
$994,700
97.8%
99.1%
122.0%
D
D
15.9%
35.8%
A
A
C
C
47
47
Tsawwassen Central (Tsawwassen)
Tsawwassen Central (Tsawwassen)
$731,400
$731,400
94.8%
72.9%
89.7%
C
C
10.1%
21.5%
D
D
B
B
48
48
Bayridge (West Vancouver)
Bayridge (West Vancouver)
$1,741,000
$1,741,000
87.7%
173.5%
213.6%
D
D
6.0%
50.1%
B
B
B
B
49
49
Ambleside (West Vancouver)
Ambleside (West Vancouver)
$1,718,500
$1,718,500
86.6%
171.3%
210.8%
D
D
1.6%
39.2%
D
D
A
A
50
50
Pebble Hill (Tsawwassen)
Pebble Hill (Tsawwassen)
$805,900
$805,900
104.5%
80.3%
98.9%
D
D
11.6%
26.4%
B
B
A
A
51
51
Main (Vancouver East)
Main (Vancouver East)
$1,104,800
$1,104,800
113.4%
110.1%
135.5%
D
D
10.2%
38.9%
A
A
A
A
52
52
Burnaby Lake (Burnaby South)
Burnaby Lake (Burnaby South)
$967,300
$967,300
90.7%
96.4%
118.7%
C
C
7.7%
27.0%
C
C
B
B
53
53
Sapperton (New Westminster)
Sapperton (New Westminster)
$601,800
$601,800
86.7%
60.0%
73.8%
A
A
6.0%
18.3%
D
D
A
A
54
54
Dunbar (Vancouver West)
Dunbar (Vancouver West)
$2,124,300
$2,124,300
93.1%
211.7%
260.6%
D
D
12.7%
38.5%
A
A
C
C
55
55
Seafair (Richmond)
Seafair (Richmond)
$991,800
$991,800
97.6%
98.9%
121.7%
D
D
7.6%
27.1%
C
C
A
A
56
56
Woodwards (Richmond)
Woodwards (Richmond)
$1,025,300
$1,025,300
100.8%
102.2%
125.8%
D
D
11.3%
33.0%
B
B
B
B
57
57
Westwind (Richmond)
Westwind (Richmond)
$1,039,400
$1,039,400
102.2%
103.6%
127.5%
D
D
7.7%
32.9%
C
C
A
A
58
58
Mount Pleasant VW (Vancouver West)
Mount Pleasant VW (Vancouver West)
$1,257,300
$1,257,300
55.1%
125.3%
154.3%
B
B
10.0%
4.9%
D
D
A
A
59
59
Boulevard (North Vancouver)
Boulevard (North Vancouver)
$1,066,300
$1,066,300
102.9%
106.3%
130.8%
D
D
13.8%
30.2%
A
A
B
B
60
60
Harbour Chines (Coquitlam)
Harbour Chines (Coquitlam)
$798,800
$798,800
104.2%
79.6%
98.0%
D
D
7.9%
28.9%
C
C
A
A
61
61
Ranch Park (Coquitlam)
Ranch Park (Coquitlam)
$686,500
$686,500
89.6%
68.4%
84.2%
B
B
5.5%
21.2%
D
D
A
A
62
62
S.W. Marine (Vancouver West)
S.W. Marine (Vancouver West)
$2,119,800
$2,119,800
92.9%
211.3%
260.1%
D
D
11.9%
51.3%
A
A
C
C
63
63
British Properties (West Vancouver)
British Properties (West Vancouver)
$2,124,100
$2,124,100
107.0%
211.7%
260.6%
D
D
11.0%
56.2%
A
A
B
B
64
64
College Park PM (Port Moody)
College Park PM (Port Moody)
$792,800
$792,800
85.9%
79.0%
97.3%
B
B
5.2%
24.3%
D
D
B
B
65
65
Metrotown (Burnaby South)
Metrotown (Burnaby South)
$1,133,700
$1,133,700
106.3%
113.0%
139.1%
D
D
9.3%
37.4%
B
B
A
A
66
66
South Vancouver (Vancouver East)
South Vancouver (Vancouver East)
$982,700
$982,700
100.9%
97.9%
120.6%
D
D
13.2%
43.8%
A
A
C
C
67
67
Sullivan Heights (Burnaby North)
Sullivan Heights (Burnaby North)
$772,000
$772,000
79.7%
76.9%
94.7%
A
A
5.6%
22.4%
D
D
B
B
68
68
Deer Lake Place (Burnaby South)
Deer Lake Place (Burnaby South)
$1,081,900
$1,081,900
101.5%
107.8%
132.7%
D
D
9.4%
30.2%
B
B
A
A
69
69
Lower Lonsdale (North Vancouver)
Lower Lonsdale (North Vancouver)
$841,000
$841,000
81.1%
83.8%
103.2%
B
B
4.9%
20.2%
D
D
A
A
70
70
Lynnmour (North Vancouver)
Lynnmour (North Vancouver)
$791,100
$791,100
76.3%
78.8%
97.1%
A
A
5.7%
29.4%
D
D
C
C
71
71
Glenmore (West Vancouver)
Glenmore (West Vancouver)
$1,345,500
$1,345,500
67.8%
134.1%
165.1%
B
B
8.7%
28.1%
C
C
C
C
72
72
Central Park BS (Burnaby South)
Central Park BS (Burnaby South)
$1,035,500
$1,035,500
97.1%
103.2%
127.0%
D
D
8.8%
34.7%
B
B
B
B
73
73
Pemberton NV (North Vancouver)
Pemberton NV (North Vancouver)
$763,600
$763,600
73.7%
76.1%
93.7%
A
A
4.4%
13.4%
D
D
A
A
74
74
Saunders (Richmond)
Saunders (Richmond)
$982,600
$982,600
96.6%
97.9%
120.5%
D
D
9.2%
31.9%
B
B
B
B
75
75
Uptown NW (New Westminster)
Uptown NW (New Westminster)
$589,100
$589,100
84.9%
58.7%
72.3%
A
A
7.3%
15.1%
D
D
B
B
76
76
Lynn Valley (North Vancouver)
Lynn Valley (North Vancouver)
$ 951,700
$951,700
91.8%
94.9%
116.8%
C
C
11.2%
15.6%
D
D
A
A
77
77
Westlynn (North Vancouver)
Westlynn (North Vancouver)
$849,300
$849,300
81.9%
84.7%
104.2%
B
B
7.5%
14.2%
D
D
A
A
78
78
Eagle Harbour (West Vancouver)
Eagle Harbour (West Vancouver)
$1,275,800
$1,275,800
64.3%
127.2%
156.5%
B
B
1.0%
24.2%
D
D
A
A
79
79
Cliff Drive (Tsawwassen)
Cliff Drive (Tsawwassen)
$719,300
$719,300
93.2%
71.7%
88.2%
C
C
7.5%
22.4%
D
D
B
B
80
80
English Bluff (Tsawwassen)
English Bluff (Tsawwassen)
$996,100
$996,100
129.1%
99.3%
122.2%
D
D
11.3%
40.5%
A
A
A
A
81
81
Garden City (Richmond)
Garden City (Richmond)
$1,029,900
$1,029,900
101.3%
102.7%
126.4%
D
D
9.9%
34.9%
B
B
B
B
82
82
Maillardville (Coquitlam)
Maillardville (Coquitlam)
$622,900
$622,900
81.3%
62.1%
76.4%
A
A
8.8%
28.6%
C
C
D
D
83
83
Boyd Park (Richmond)
Boyd Park (Richmond)
$995,200
$995,200
97.9%
99.2%
122.1%
D
D
6.0%
35.5%
C
C
B
B
84
84
South Cambie (Vancouver West)
South Cambie (Vancouver West)
$2,337,600
$2,337,600
102.4%
233.0%
286.8%
D
D
19.6%
77.4%
A
A
C
C
85
85
Hamilton (North Vancouver)
Hamilton (North Vancouver)
$829,900
$829,900
80.1%
82.7%
101.8%
B
B
5.6%
14.6%
D
D
A
A
86
86
Whalley (Surrey)
Whalley (Surrey)
$444,075
$444,075
76.7%
78.3%
54.5%
A
A
2.9%
25.3%
D
D
C
C
87
87
Norgate (North Vancouver)
Norgate (North Vancouver)
$815,200
$815,200
78.7%
81.3%
100.0%
A
A
10.2%
22.9%
C
C
D
D
88
88
Glenwood PQ (Port Coquitlam)
Glenwood PQ (Port Coquitlam)
$531,100
$531,100
91.4%
52.9%
65.2%
B
B
7.7%
16.0%
D
D
B
B
89
89
Killarney VE (Vancouver East)
Killarney VE (Vancouver East)
$1,091,300
$1,091,300
112.0%
108.8%
133.9%
D
D
12.1%
48.8%
A
A
B
B
90
90
Gleneagles (West Vancouver)
Gleneagles (West Vancouver)
$1,747,100
$1,747,100
88.0%
174.1%
214.3%
D
D
2.1%
54.9%
C
C
B
B
91
91
Seymour (North Vancouver)
Seymour (North Vancouver)
$952,700
$952,700
91.9%
95.0%
116.9%
C
C
11.7%
29.9%
B
B
D
D
92
92
Big Bend (Burnaby South)
Big Bend (Burnaby South)
$889,900
$889,900
83.5%
88.7%
109.2%
B
B
9.4%