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Surrey North Delta Leader

Rapid transit drives land prices

Jeff Nagel, Surrey North Delta Leader, August 21, 2008

Construction of new SkyTrain lines around Metro Vancouver will spur dense real estate development and drive nearby property prices up, a new report predicts.

Landcor Data Corp. concludes sharp price gains along SkyTrain’s Expo Line since 1986 was due to the rapid transit line’s arrival – and the same trend will likely play out along the Canada Line in Vancouver and Richmond.

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