Port Moody Living
"City of the Arts" - Located at the head of Burrard Inlet, this vibrant city is rich in history and modern development. Steps from seaside parks, mountain trails and lakes, Port Moody is a nature lovers paradise.
Port Moody Real Estate News
Monday, January 17, 2011
Evergreen Line Good for Port Moody Real Estate
The commute between Port Moody and downtown Vancouver is about to get a whole lot easier in the next few years with the completion of the Evergreen Line. That is the name of the new rapid transit line (Skytrain) that will connect Coquitlam to Vancouver via Port Moody and Burnaby. The Evergreen Line is an essential element of the Provincial Transit Plan and the Federal Building Canada Plan.
The new system will connect to the current SkyTrain network at Lougheed Town Centre Station and will integrate with regional bus and West Coast Express networks. The expected travel time between Coquitlam City Centre through Port Moody to Lougheed Town Centre will be approximately 13 minutes.
Construction of the Evergreen Line is anticipated to begin in early this year and be completed in 4 years. The new Port Moody Skytrain station will be located at the Port Moody transit exchange site.
Good for Port Moody Property Prices
So what does this mean for Port Moody real estate? Well, it's normally the case that improvements in infrastructure lead to an increase in both commercial and residential property prices in an area. With the commute time between Port Moody and Vancouver taking a shorter time with the new Skytrain system, we can expect more and more people taking an interest in the area.
You can find out more information at the official Evergreen Line website.