The Evergreen Line is a new rapid transit line that will connect Coquitlam to Vancouver via Port Moody and Burnaby. Commutes between Vancouver and the Tri-Cities will be drastically reduced. Commuting from Coquitlam City Centre to downtown Vancouver will take about 40 minutes (saving almost 45 minutes per day compared to driving). This will increase property prices in the Tri-Cities of Port Moody, Coquitlam and Port Coquitlam.
However, according to an article in the Province newspaper, Port Moody Mayor Joe Trasolini wants the public to lobby TransLink to get to work on the long-delayed Evergreen Line. The construction was anticipated to begin gin in late 2011, and is scheduled to take four years to construct. The project has seen several delays over the course of planning.
No doubt residents of the Tri-Cities are looking forward to the project getting started, and finished. According to the official Evergreen Line website from the B.C. Ministry Of Transportation and Infrastructure, the Evergreen Line will be a fast, frequent and convenient SkyTrain service, connecting Coquitlam City Centre through Port Moody to Lougheed Town Centre in about 13 minutes. The SkyTrain will connect without transfer to the current network at Lougheed Town Centre Station and will integrate with existing regional bus and West Coast Express networks.
There's no doubt about it that improved transportation increases property prices in areas serviced. In 2006, the Real Estate Investment Network (REIN) released a report entitled The Gateway Effect which estimated that the impact of the Gateway Project’s transportation improvement projects on real estate in the Lower Mainland and Fraser Valley, would increase in the range of 10%–20% for key areas. The Evergreen Line was part of the Gateway Project, but those estimates seem a little low, especially in today's hot market.
So which areas are going to benefit most by the Evergreen Line? Here are details of a few of the planned stations:
Lougheed Town Centre Station (Burnaby)
Burquitlam Station (Burquitlam)
Port Moody Station (Port Moody)
Ioco Station (Port Moody)
Coquitlam Central Station (Coquitlam)
Douglas College Station (Coquitlam)
Evergreen Line Route information:
Lougheed/Burquitlam: The Skytrain line will run north from Lougheed Town Centre Station on raised line along the centre of North Road. The new Burquitlam Station will be on the east side of Clarke Road near Burquitlam Plaza. From Burquitlam Station, the line will cross to the west side of Clarke Road, before entering a tunnel towards Port Moody.
For Port Moody, the Skytrain line will come from the tunnel just east of Barnet Highway. Its route moves at ground level along the south side of the Canadian Pacific Rail (CPR) tracks to Port Moody Station. The Port Moody station will be located at the Port Moody transit exchange site. Movinging east, the Evergreen Line then crosses the CPR tracks just before Ioco Station, which is located north of Barnet Highway.
In Coquitlam the Evergreen Line will run along the north side of the CPR tracks towards Coquitlam Central Station, which will be at at the Coquitlam transit exchange site. Then the line will then run north on a raised rail along the west side of Pinetree Way, and will cross to the east side near Northern Avenue, before ending at Douglas College Station, north of Guildford Way.
This will be a huge boon for the area and no doubt will make the Tri-Cities and even more desirable place to live. Coquitlam real estate prices have been slowly increasing over the last few years, but once the new Evergreen Line is finished, property prices could go through the roof. The key is to get in before the next big jump in real estate prices.
For more information and updates, see the official Evergreen Line website.