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The wildly successful transformation of the UBC campus into its own neighbourhood is thanks in no small part to the vision of UBC Properties Trust. Working with an endowment of land and granting long-term leases the developers, the trust has created a high-density community that rivals – albeit on a smaller scale – the popular downtown Vancouver neighbourhoods of the West End, Coal Harbour and Yaletown. Apartments represent more than 75% of UBC housing, and 60% of the housing stock are condos. These are primarily new units – again, more than 75% were built since 1980 – often by some of Vancouver’s best-known developers.
Popular with both owner-occupiers and investors, UBC apartments are ideal for those connected to the university. They’re also close to Pacific Spirit Regional Park, hiking and cycling trails and beaches. Given sky-high UBC housing prices, apartments are relatively affordable at 20% of the cost of a detached house (but it’s still among the most expensive apartment price in the city – exceeded only by prices in Yaletown and Kerrisdale. Still, as a refuge from the world or a place to focus on university commitments, it’s ideal. Many of the apartments here are geared for families, too, recognizing that professors need places to live as much as their students.
