Alevtina Golovina

 Landcor Data Corporation is BC's premier real estate analysis provider, and has been providing market information to real estate enthusiasts and professionals since 2001. 
 
  Rudy Nielsen, R.I. (B.C.) F.R.I , President  said :

 
Landcor Data Corporation is pleased to issue our latest special report, Lessons from Expo 86 for the 2010 Winter Games. We evaluated the potential for residential development around the Canada Line, being built for the 2010 Winter Games, by analyzing residential market activity that resulted from Expo 86.
Our findings show that the Canada Line could spur considerable residential real estate market activity around its stations when supportive land use decisions and favourable market conditions are present.
 
In examing development between 1986 - 1996 around Expo stations, we found:   
Stations with the largest construction gains include Edmonds (414% increase from the 1975 - 1985 period), New Westminster (644% increase) and Joyce (909% increase).
The potential of the 29th Avenue and Nanaimo Stations was hindered due to existing residential development, versus the industrial landscape enjoyed by other stations.
Vacant land prices within 500 metres of Expo Line stations increased on average 638% compared to 352% for housing prices in the same area.
Click here to download the full report (1MB) to see how these findings can be applied to the Canada Line expansion and the 2010 infrastructre investments.