Oakridge Buyer's Guide: Vancouver's Next Transit Hub

Few Vancouver neighbourhoods have changed as visibly, or as recently, as Oakridge. For years the area was defined by an aging shopping mall and a strip of car-oriented Cambie Street retail. As of 2026, it's home to one of the largest urban redevelopment projects in the country, and the timeline matters a lot if you're trying to figure out what buying here actually means right now.

What's actually open, as of today

Oakridge Park, the QuadReal and Westbank redevelopment of the former Oakridge Centre mall, opened its retail component on May 28, 2026 , roughly 650,000 square feet of retail across more than 100 brands, including Time Out Market's food hall. That's a real, confirmed opening date, not a projection.

The residential side is further behind, and worth being precise about: as of the opening announcements, the residential towers were reported at approximately 85% complete, with move-ins beginning through Q2 2026. By the end of 2026, QuadReal projects that roughly 1,400 homes across five towers, a mix of market condominiums and social housing, will be finished, alongside about 700,000 square feet of office space and a 100,000-square-foot community centre housing a Vancouver Public Library branch, a seniors' centre, and a daycare. In other words: the shopping is open, but the neighbourhood as a whole is still mid-transformation, with different buildings on different completion timelines through the rest of the year.

Scale-wise, this isn't a modest infill project, it spans over five million square feet on a 28-acre site centred on a nine-acre public park, and QuadReal describes it as Canada's largest redevelopment. That scale is exactly why it's reshaping the surrounding real estate market, not just the mall site itself.

Transit and location

Oakridge to 41st Avenue station sits directly at the development, on the Canada Line, within walking distance of Queen Elizabeth Park. It's been running since the Canada Line opened in 2009, so the transit access predates the redevelopment by well over a decade, Oakridge Park is best understood as the neighbourhood finally building density to match transit infrastructure that's been sitting underused for years.

Zoning: Oakridge is ground zero for two overlapping policies

Oakridge sits at the intersection of Vancouver's two biggest recent rezoning moves. The city's September 2023 multiplex bylaw, which replaced single-family RS zoning with the multiplex-permitting R1-1 district, specifically named Oakridge as one of the neighbourhoods most likely to see fast uptake. Separately, the Cambie Corridor Plan identifies the Oakridge Municipal Town Centre as the area's highest-density zone, and in October 2025 council approved city-initiated rezoning of parts of this sub-area to new low-rise, mid-rise, and high-rise district schedules, on top of the multiplex-level zoning already active on smaller lots nearby. The practical result: Oakridge now has some of the most varied density on the Westside within a few blocks, from single multiplex lots to the five-tower Oakridge Park site itself.

Price context

Metro Vancouver's composite MLS Home Price Index benchmark was $1,088,800 in July 2026, down 6.2% year-over-year, with the apartment benchmark specifically at $688,000, down 7.5% annually, per WOWA's compiled market data. A softer regional market combined with a large wave of new supply landing in Oakridge specifically through 2026 is worth weighing together, more inventory choice, but also a market where new construction is competing directly with resale for buyer attention.

Who this suits

• Buyers who want major retail and transit within walking distance, and who are comfortable with a neighbourhood still finishing its build-out through the rest of 2026.
• Condo buyers interested in new construction, given the scale of new residential supply landing specifically in this pocket of the Westside.
• Multiplex buyers, given Oakridge's early flagged status for fast uptake under the city's 2023 zoning changes.
• Buyers who want to be near, but not necessarily inside, the biggest single redevelopment project in the city, since the surrounding established residential blocks offer a quieter alternative within a short walk of everything Oakridge Park now offers.

What this comes down to

• Oakridge Park's retail opened May 28, 2026; the residential towers are still completing through the rest of the year, with roughly 1,400 homes expected by year end.
• Oakridge to 41st Avenue Canada Line station has served the area since 2009, well ahead of the redevelopment finally catching up to it.
• Oakridge sits inside both the city's 2023 multiplex zoning and the Cambie Corridor Plan's higher-density town centre designation, ask specifically which applies to any property you're considering.
• Regional prices have softened through 2026, even as a large amount of new supply lands specifically in this neighbourhood.

Want an accurate read on what's actually finished versus still under construction near Oakridge Park right now? Browse current listings or contact us and we'll walk the timeline with you before you commit to anything.

Plan your next step

Use the home-buying guide to organise your search. Prepare your property questions, check the actual neighbourhood routes, and keep evidence separate from preferences when comparing homes.