gentrification

Canada Line now spurring evictions

Now that the Canada Line is nearing completion, at least one residential complex along the line is evicting its tenants in what has become a regular event in Vancouver: the evict/renovate/jack the rent cycle. I've lived in one of these buildings at Oak and 14th (now "Coco", some high-end condos).

It's the dark side of the otherwise positive effect a new rail line can have on a neighbourhood. Property values along a new rail line appreciate an average of 10% faster than the rest of a city, and a new line opens all kinds of possibilities for new, dense development.

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