marine gardens

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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