The City of Lougheed: The evolution is underway

By NextHome Staff
February 2, 2024

Dynamic and distinctly urban, there’s no question The City of Lougheed is a place like no other. There’s a vitality here, a sense that the people who call this 37-acre, master-planned community home are as enthusiastic about the future as they are about where they live.

“With more than 1,000 households now occupied in Towers ONE and TWO, the whole landscape feels like it’s truly coming alive,” says Howard Lok, SHAPE’s executive vice-president of sales. “There’s always something going on—people working out, students or entrepreneurs using the private study pods, residents and their friends gathering for a meal at one of the many restaurants now open and eagerly awaiting the arrival of Chipotle or Egg Bomb.”

Amenities for today’s lifestyles

Offerings in the free-standing, 22,000-sq.-ft. amenities building are carefully curated for the way people live. “For example,” Howard says, “our children’s playground is indoors, so it can be used all year round. It’s also soundproof, and there’s a sitting area outside the glass surround, allowing parents to keep an eye on their kids while they’re chatting with other mums and dads.”

And although a fitness centre with yoga space has become expected, he stresses the need for equipping it correctly. “We’ve taken the 6,000-sq.-ft. fitness centre to a new standard with extras like TRX systems, squat racks, and even a turf and sled track used by professional athletes. So, no matter what your current fitness level, there’s equipment you can use safely now, and some to challenge you.”

When it comes to retail therapy, The City of Lougheed redefines convenience. From boutique to big box, exotic to daily necessities, everything you need is just outside the front door. A flagship PriceSmart is right downstairs too, perfect for when you suddenly realize you’re missing the key ingredient for the special, celebratory meal you’re preparing for your loved ones.

The place to be

Connectivity is a treasured part of life at The City of Lougheed. Located where Burnaby intersects with Coquitlam and New Westminster, it is the geographic centre of the Lower Mainland and the only place where three SkyTrain lines—the Expo, Evergreen, and Millennium—meet. Translation: Connecting to anywhere is a snap.

Prefer two wheels of your own? There’s easy access to multiple cycling routes including the Central Valley Greenway to downtown Vancouver. Or hop in your car and be on the freeway in a matter of minutes. Plus, in addition to an onsite car-share, parking is level 2 EV charging ready, so your electric vehicle will be good-to-go in a fraction of the time.

“As Vancouver traffic congestion continues to get worse, more and more people are choosing to call Burnaby home,” Howard says. “We have a greater appreciation for the value of time; time with family and friends or time for our own pursuits, especially since the pandemic. And with The City of Lougheed’s new office and commercial spaces, people have an opportunity to work right where they live.”

Invest in your future

It’s no secret that the difference between the median cost of an average, detached house versus a condominium is skyrocketing. “In 2013, the average cost differential between a detached house and a condo was approximately $550,000. Ten years later in 2023, the average median price of a detached house was $1,964,400; for a condo it was $751,300, a difference of $1,213,000.” This means that over the past decade, the price difference between a detached home and condo has more than doubled. For Howard and the SHAPE team, that is one of the reasons they’re committed to designing a vibrant condo lifestyle with services, recreation, employment, and basic day-to-day necessities all within walking distance. Good news now and into the future.

Tower THREE at The City of Lougheed is complete and move-in ready. Homes range from one- to three-bedroom and den, with prices starting from the mid-$600,000s. For more information and to book a private home tour, visit thecityoflougheed.com or call 604.328.7128. Then get set to be wowed.

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