With a combined population 182,640 in the cities of West Vancouver and North Vancouver and the District of North Vancouver, the North Shore is among the most residential suburbs of Metro Vancouver. North Shore’s residential markets face sustained pressure in 2016, as prices spiraled upward and as new inventory dropped. West Vancouver boasts among the highest home prices in Canada. In North Vancouver, detached sales prices increased 10.7 per cent while apartment sales prices increased 17.3 per cent. Home to the Insurance Corporation of British Columbia’ s corporate offices and Lions Gate Entertainment’s B.C. production studios, as well as a dozen port facilities, North Vancouver has a significant commercial base. But the pressure on industrial lands is increasing, and with an average net asking rent of $14.50 – even more expensive than Vancouver – in addition to an uptick in congestion, the North Shore has lost some of its muscle to Vancouver’s southern suburbs.
