Top Greater Vancouver Regional District neighbourhoods

 

 

There are two camps firmly entrenched on the banks of the Lower Mainland. One group argues that from an historical perspective, real estate always goes up. These people are convinced this trend will continue, despite signs of froth from record-breaking sales over the last decade. Another camp is convinced that the B.C. marketplace is being propped up by nothing but pure speculation. They figure a crash is imminent.

Meanwhile, anyone buying or selling is caught in the middle. While 2016 saw some historically high sale prices across the Lower Mainland, it was also the year that some of the market’s hot air started to slowly leak out.
Various real estate boards reported fewer listings and, subsequently, a drop in sales. Worse: certain areas in Lotusland began to see price drops, some areas (when you factor in all types of real estate like condos and townhomes) have fallen as much as 20%. Yet, the market keeps going. Buyer demand combined with low inventory keeps the pressure on sale prices, while large and small developers scramble to buy anything on solid ground.

 

 

 

What’s a buyer to do? The best way is to buy based on solid fundamentals. In real estate this means finding good-value neighbourhoods that offer a good chance of continued momentum in the future. That’s not easy in a hot market, but this year’s Where to Buy Vancouver list shows it is possible.

 

 

But this also means that potential buyers can now find deals in some of Vancouver’s most expensive neighbourhoods—as long as you don’t mind an average home price that creeps up to the $2.8 million mark.

Great schools, amazing amenities and views that are worth buying, that’s what keeps buyers interested in West and North Vancouver. For those who don’t want to negotiate bridge traffic, Port Moody’s continued investment in development—and the completion of its Skytrain stop—has turned this area into a high-value neighbourhood that offers a balance between lifestyle, commuter distance, and house size.

Just keep in mind that in the Lower Mainland, value isn’t a synonym for cheap.

Scroll down to see the top 25 neighbourhoods across all of the Greater Vancouver Regional District (GVRD) ranked. Also find separate rankings based on Central VancouverNorth Shore and South Fraser neighbourhoods.

Greater Vancouver Regional District at a glance…

 


 CityTop 25
Average Neighbourhood Price $1,879,245 $1,650,220
Median $1,512,347 $1,509,186
Max $6,842,046 $3,275,435
Min $530,779 $783,082
Below $500K 0% 0%
Average 1-year return 30.1% 44.2%
Average 3-year return 67.2% 78.2%
Average 5-year return 70.3% 88.8%
Realtor grade (out of 5) ★★★½ ★★★½

Where to buy Vancouver real estate

  • RankNeighbourhoodAreaAverage priceValueMomentumRealtor grade
     1 Cedardale West Vancouver $2,794,129       ★★★★
     2 Port Moody Centre Port Moody $1,125,605       ★★★★
     3 Lower Lonsdale North Vancouver $1,556,000       ★★★★
     4 Pemberton NV North Vancouver $1,549,963       ★★★½
     5 Glenmore West Vancouver $2,648,641       ★★★½
     6 Glenayre Port Moody $1,164,747       ★★★★
     7 River Springs Coquitlam $797,165       ★★★
     8 Cypress Park Estates West Vancouver $3,275,435       ★★★★
     9 Edmonds BE Burnaby $1,351,277       ★★★½
     10 Meadow Brook Coquitlam $783,082       ★★★
     11 Cape Horn Coquitlam $1,062,888       ★★★
     12 Hastings Vancouver East $1,497,192       ★★★½
     13 Horseshoe Bay WV West Vancouver $1,883,800       ★★★★
     14 Burke Mountain Coquitlam $1,474,691       ★★★★
     15 Norgate North Vancouver $1,399,372       ★★★
     16 Eagle Harbour West Vancouver $2,263,393       ★★★★
     17 Sapperton New Westminster $1,009,519       ★★★★
     18 Ambleside West Vancouver $3,096,229       ★★★★
     19 Mountain Meadows Port Moody $1,126,255       ★★★½
     20 Steveston Village Richmond $1,443,206       ★★★★½
     21 Queensbury North Vancouver $1,514,958       ★★★½
     22 Renfrew VE Vancouver East $1,509,186       ★★★½
     23 Mount Pleasant VE Vancouver East $1,546,913       ★★★★½
     24 Windsor Park NV North Vancouver $1,588,665       ★★★
     25 Westwind Richmond $1,793,209       ★★★★
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