Since the city released their proposed draft plan for the area, there’s been a lot to look forward to from the False Creek Flats. As the future home of the St. Paul’s Hospital, the Flats are well on their way to becoming an important Vancouver neighbourhood.
Even now, before the False Creek Flats are rejuvenated, this has become an attractive area for renters (and, therefore, investors). In the last five years, the population of the Flats has grown by 7%. Compare that to the City of Vancouver (5%) and Metro Vancouver (6%), and you can see that the area has already been attracting a lot of attention. Let’s look at some of the trends and neighbourhood features that are responsible.