Transit-Oriented Areas (TOA): Why Buying Within 400m of a Skytrain Station Just Changed Forever

Transit-Oriented Areas in Vancouver BC: Why Buying Near a SkyTrain Station Just Changed Forever

When it comes to Vancouver real estate, one topic sparks endless conversations—property values near transit. For years, proximity to SkyTrain stations has been viewed as a key factor in boosting property values and desirability. The buzz was that living within walking distance of transit meant easier commutes and higher prices.

But recently, Vancouver’s transit landscape has undergone significant changes. New policies, designations, and developments mean that the way we think about transit-oriented areas is shifting fast. Buying within 400 meters of a SkyTrain station in Vancouver just got a whole lot more impactful—and possibly a game-changer for property values near transit.

Let’s dig into what’s happening and what it means for you as a buyer, investor, or homeowner in Vancouver.

The Evolution of Transit-Oriented Development in Vancouver

Transit-Oriented Development (TOD) isn’t a new concept. It’s a planning approach that concentrates growth around transit stations, making it easier for residents to access amenities and reduce reliance on cars. Cities across North America, including Vancouver, have long embraced TOD for sustainable urban growth.

In Vancouver, the regional and city governments have increasingly recognized the importance of dense, walkable communities near SkyTrain stations. Back in 2011, Metro Vancouver adopted a Regional Growth Strategy that identified key shopping centers as TOD areas. This move paved the way for increased density, supportive land uses, and greater access to transit.

Now, under new legislation and policies, the scope is expanding. Municipalities are mandated to designate and develop supportive policies for TOD areas. This means that development within proximity to SkyTrain stations will be more strategic, thoughtful, and impactful.

Official Transit-Oriented Development legislation now sets clear expectations. Regions are tasked with supporting higher densities, affordable housing, and mixed-use developments within 400 meters of transit hubs, with policy targets to be finalized by June next year.

Why Does This Matter for Property Values Near Transit?

Historically, homes within a short walk of a SkyTrain station have fetched premiums—sometimes 5 to 20 percent higher than comparable properties farther away. A lot of that stems from a simple equation: easier transit access equals more convenience and desirability.

Recent studies and real-world examples in Vancouver confirm that proximity to transit continues to hold sway. Properties within 500 meters of SkyTrain stations often experience higher value appreciation. Homes near stations tend to sell faster and at higher prices.

With recent policy changes and new TOD designations, this relationship is set to intensify. Vancouver is officially moving toward denser, more affordable, and more diverse communities right next to transit stations.

While some residents have raised concerns about potential property tax increases, the broader trend remains clear—supportive transit policies are likely to strengthen property values near transit sites in the coming years.

What Has Changed Forever?

Here’s the pivotal shift: Vancouver City Council and regional authorities have designated approximately 29 TOD areas with specific land-use plans. These plans support minimum building heights of up to 20 storeys within 200 meters of SkyTrain stations, along with minimum Floor Space Ratios to accommodate more residents.

This isn’t theoretical. Implementation is already underway, with municipalities required to finalize supportive land-use policies. The result will be increased density, more affordable housing options, and mixed-use commercial spaces clustered around SkyTrain stations.

The legislation also encourages value capture—using rising property values to help fund transit projects and community amenities. This approach naturally pushes property values near transit higher and faster than in the past.

For property values near transit, the trajectory is clearly upward as access, density, and affordability converge.

Local Market Insights in Vancouver

Vancouver’s housing market is uniquely shaped by its geography and planning policies. The city’s commitment to sustainability and compact growth aligns directly with transit-oriented development, making transit-adjacent properties even more desirable.

Over the past year, properties near SkyTrain stations have seen increased buyer activity. Premiums for homes within 500 meters of stations remain in the 10 to 20 percent range, while higher-density developments continue to emerge to meet demand.

Detailed planning also emphasizes equitable communities. Surrey’s SkyTrain extension, for example, is designed to support integrated transit communities where people can live, work, and play.

Meanwhile, Vancouver’s South and East side neighborhoods are experiencing renewed interest, driven by redevelopment projects and improved transit access.

Understanding these local dynamics can give buyers and investors a strategic edge.

Actionable Advice for Buyers and Investors

Focus on properties within 400 meters of SkyTrain stations. These areas benefit directly from density-supportive policies.
Track new TOD designations. Announcements often precede rapid value appreciation.
Think long-term. Transit-centric growth can allow property values near stations to outperform the broader market.
Account for future infrastructure. New lines and station upgrades typically amplify value gains.
Work with a local expert like Denise Mai who understands Vancouver’s evolving transit and zoning landscape.

Final Thoughts

Transit-oriented areas in Vancouver have reached a turning point. New policies and official designations have permanently changed the rules. Buying near a SkyTrain station now means aligning with a city actively shaping sustainable growth and long-term property value.

If you’re exploring opportunities near transit hubs or want insight into specific neighborhoods, I’d be happy to help you navigate the options.

You can contact Denise Mai at 778-743-8188 or via email at [email protected]. Learn more at denisemai.com.