The Broadway Extension Corridor is undergoing a transformation that’s turning it into one of Vancouver’s most promising areas for homebuyers and real estate investors. Stretching from Clark Drive to Arbutus Street, this once car-heavy arterial is becoming a transit-oriented urban hub, thanks to the new Broadway Subway extension. With six new SkyTrain stations opening by 2027 and the City of Vancouver’s ambitious Broadway Plan encouraging high-density growth, this corridor is poised for rapid change.
For buyers and investors, the area offers rare opportunities: access to future-proof transit, proximity to job centres and amenities, and a growing inventory of new presale condos and mixed-use developments. In this profile, we’ll explore what’s driving growth along Broadway—from infrastructure and neighbourhood character to real estate trends and key development projects.
Project Overview
The Broadway Subway Project is a 5.7-km westward extension of the Millennium Line, connecting VCC–Clark Station to a new western terminus at Arbutus Street. The project adds six underground stations: Great Northern Way–Emily Carr, Mount Pleasant, Broadway–City Hall, Oak–VGH, South Granville, and Arbutus.
Slated to open in 2027, this $2.95 billion project aims to drastically reduce travel times along Vancouver’s second-busiest corridor. The line is designed to eventually extend to UBC in a future phase. It aligns with Metro Vancouver’s long-term plan to increase density and improve transit in key urban areas.
Neighbourhoods Along the Corridor
Mount Pleasant
A vibrant, artsy neighbourhood near Main Street known for indie shops, tech startups, and breweries. It’s seeing major redevelopment around Great Northern Way and Main–Broadway.
Fairview
Home to Vancouver General Hospital and City Hall, Fairview is central and well-connected. Expect more rental and high-density housing near Broadway–City Hall and Oak–VGH stations.
South Granville
Upscale and stylish, South Granville offers retail, dining, and access to downtown. The area around South Granville Station is expected to become a high-density mixed-use hub.
Kitsilano (East Edge)
The Arbutus Station marks the eastern edge of Kitsilano, long known for its beach lifestyle and heritage homes. Transit access will increase demand for homes and mixed-use density in this traditionally low-rise area.
Transit & Connectivity
The new Broadway Subway will reduce east-west commute times significantly. A trip from VCC–Clark to Arbutus will take just 11 minutes. Riders can transfer to the Canada Line at Broadway–City Hall and to buses or the future UBC extension at Arbutus.
Key benefits include:
- Seamless transfers to downtown, Richmond, and Burnaby
- Faster connections to major job hubs (e.g., VGH, tech campuses, UBC)
- Walkable and bike-friendly station areas
- Increased value for transit-adjacent properties
This connectivity supports a lifestyle where owning a car is optional, which appeals to a growing base of urban buyers and renters.
Real Estate Potential
The Broadway Plan allows for new towers, rental buildings, and mixed-use developments within walking distance of stations. Here's what’s happening:
- High-rise growth: New rental and condo towers up to 30+ storeys are planned near major stations.
- Zoning changes: Transition zones allow for low- to mid-rise apartments and townhomes, encouraging more “missing middle” housing.
- Strong appreciation potential: Properties near SkyTrain typically see higher long-term value and rent demand.
- Who’s buying: Young professionals, healthcare workers, downsizers, and investors seeking stable, transit-oriented growth.
Mount Pleasant and South Granville are early hot spots, with Fairview and Arbutus seeing increased planning activity. Over the next decade, the corridor will shift from underbuilt mid-century offices and walk-ups to a vibrant mix of homes, shops, and job spaces.
Notable Developments
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The Stories at South Granville (PCI Developments)
- 39-storey mixed-use tower above South Granville Station
- Includes 226 rental units, a Loblaws City Market, office space
- Under construction, completing around 2026–27
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Arbutus Station Tower (PCI Developments)
- 30-storey mixed-use tower with 260 rentals at Broadway & Arbutus
- Includes station entrance, plaza, and commercial retail
- Rezoned and approved, construction aligns with station opening
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2120 West 10th Avenue (Bastion Development)
- Proposed 20-storey condo near Arbutus Station
- 86 homes (mainly 2- and 3-bed units), small retail space
- In rezoning, targeted presales by 2026
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Main Alley M5 Tower (Westbank)
- 25-storey mass timber rental tower near Mount Pleasant Station
- 210 units, including 20% below-market housing
- Approved, construction expected 2025–27
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8th & Granville Tower (PCI Developments)
- 25-storey rental tower with 162 units and ground-floor retail
- Enhances South Granville’s growing transit hub
- Rezoning approved; construction to follow by 2025
These projects are redefining the corridor and setting the tone for the kind of high-quality, transit-connected housing that the City of Vancouver envisions.
Future Outlook
The Broadway Plan aims to reshape the corridor over the next 30 years, with goals to:
- Deliver thousands of new rental and condo homes
- Protect renters through relocation assistance and affordable housing mandates
- Integrate retail, healthcare, and office uses around transit
- Improve pedestrian and cycling infrastructure
- Extend SkyTrain west to UBC in a future phase
Challenges remain—particularly affordability and displacement—but strong tenant protection rules and active planning aim to manage these pressures. With major infrastructure investment and thoughtful densification, the Broadway Corridor is set to become one of Vancouver’s most connected and complete communities.
Ready to Explore the Broadway Corridor?
With six new SkyTrain stations, city-backed development plans, and strong market fundamentals, the Broadway Corridor is a compelling destination for homebuyers and investors. Whether you’re looking for a presale condo, a future-proof rental property, or a home close to work and transit, this corridor offers opportunity across the board.
Browse active listings, stay tuned for upcoming presales, or speak to a real estate advisor familiar with the corridor. The transformation is just beginning, and getting in early could be your best move in Vancouver’s next great neighbourhood.
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