Oakridge Park Opens: What It Means for Oakridge Real Estate

First published May 28, 2026, the day Oakridge Park opened. Updated October 5, 2026 with the latest on the residential towers, the civic centre and what buyers are asking.

Vancouver watched the Cambie and 41st site transform for years. On May 28, 2026, Oakridge Park finally opened its doors, and the neighbourhood that surrounds it will never quite be the same.

This is not a shopping centre renovation. It is Canada’s largest redevelopment project, a five million square foot mixed use precinct co developed by Westbank and QuadReal Property Group at a total investment of $6.5 billion. For buyers and sellers in Oakridge and the broader westside, understanding what that means for real estate is worth more than a passing glance at the opening day headlines.

What Opened on May 28

The first phase launched with approximately 650,000 square feet of retail space and a significant portion of the 3.6 hectare rooftop municipal park open to the public.

The retail lineup is anchored by some of the most recognized names in luxury: Louis Vuitton, Chanel, Prada, Miu Miu, Brunello Cucinelli, Loro Piana, Loewe, Valentino, Dolce and Gabbana, Christian Louboutin, Moncler and Ferragamo. Jewellery and watch retail includes Rolex, Tiffany and Co., Bvlgari, Chaumet and David Yurman. Vancouver has simply not had this concentration of luxury retail in a single location before.

The dining anchor is Time Out Market Vancouver at 51,000 square feet, one of the largest Time Out Market locations globally, with an outdoor deck overlooking the park. Delysees Champagne Bar and the returning Peninsula Seafood are also part of the opening.

The civic centre, which will house a new community centre and a new Vancouver Public Library branch, follows in a later phase. The library has listed its new Oakridge branch as opening in 2027. The rest of the site, including the remaining towers, is being completed in phases over the next several years.

The Residential Towers

Fourteen towers are planned across the 28 acre site, ranging from 9 to 44 storeys, with a mix of market condominiums and social housing. The first residents of the condominium towers are expected to begin moving in from late 2026 into early 2027, and that is when the first true resale market for Oakridge Park condos will start to take shape.

The market condo towers are among the most premium new construction offerings in Vancouver right now. Concrete construction, high specification finishes, significant amenity programs and a Canada Line station at the doorstep. For buyers who have historically looked at Coal Harbour or Yaletown for luxury condo product but want a westside address, Oakridge Park’s residential towers are a serious alternative worth evaluating on their own terms. A closer look at the towers, presale and resale options and how they compare to other westside high rise product is on the Oakridge Park condos Vancouver page.

What This Means for the Surrounding Oakridge Market

The effect of a development of this scale on surrounding property values does not arrive all at once. It builds in layers as the project matures and as the market absorbs what the neighbourhood has genuinely become.

What comparable urban redevelopments have shown is that proximity to a luxury destination drawing high net worth residents and visitors elevates both the perceived and actual value of surrounding residential streets. The detached homes and strata buildings within a few blocks of Cambie and 41st now sit next to something that did not exist before this spring: a world class retail, dining and public space precinct with direct Canada Line access.

At the time of the opening in late May 2026, the detached market in Oakridge was trading at a median around $4,250,000. The townhome market sat at a median of approximately $1,644,450 with 24 active listings, and the condo market had 26 active listings at a median of $1,259,400, a figure that will look considerably different once the Oakridge Park luxury towers begin trading at resale. None of those numbers reflected a meaningful premium for the opening. That premium builds over time, and buyers who establish a position in Oakridge before the development fully matures are making a different calculation than buyers entering a neighbourhood where everything is already priced and settled. Current pricing and inventory for each property type are tracked on the Oakridge Real Estate Market Stats and Trends page.

The Canada Line Advantage

Oakridge has a transit story that most westside neighbourhoods cannot tell. The Oakridge 41st Avenue Canada Line station, open since 2009, connects to downtown Vancouver in under fifteen minutes and to YVR in the other direction. For high net worth buyers who travel frequently or maintain multiple residences, that transit connection has always mattered quietly. Paired with what Oakridge Park now offers at street level, it becomes a defining feature of the address rather than a footnote.

This is one of the very few westside neighbourhoods where car dependence is genuinely optional, and that distinction has a real and growing value in how serious buyers evaluate a purchase.

What Buyers and Sellers Should Be Thinking About Now

For sellers, the opening of Oakridge Park is a narrative that belongs in how your property is positioned to the market. A westside address within walking distance of a luxury retail and dining destination of this calibre is a meaningfully different proposition than it was a year ago. That story, told with precision and depth, reaches the buyer who is actively weighing this neighbourhood against others.

For buyers, the question is not whether Oakridge Park will have a positive effect on surrounding values. It will. The more useful questions are where within the neighbourhood that effect will be felt most strongly, which property types benefit most from the development’s trajectory, and how to evaluate the detached, townhome and condo markets against each other given where this site will be once it is fully built out.

Oakridge Park: Common Questions

When did Oakridge Park open?

Oakridge Park opened its first phase on May 28, 2026, with about 650,000 square feet of retail and dining, including Time Out Market Vancouver, and a large part of its 3.6 hectare rooftop park. The civic centre, the remaining residential towers and the rest of the site are being completed in later phases.

When can residents move into the Oakridge Park towers?

The first residents of the Oakridge Park condominium towers are expected to begin moving in from late 2026 into early 2027, with more towers completing in phases after that. Buyers interested in a specific tower should confirm its completion timing with Bruce Hiatt before making a decision.

Is there a library at Oakridge Park?

Yes. The civic centre at Oakridge Park will include a new Vancouver Public Library branch along with a community centre. The Vancouver Public Library has listed the new Oakridge branch as opening in 2027, and its former Oakridge branch is closed in the meantime.

How is Oakridge Park affecting home values nearby?

Large developments like Oakridge Park tend to lift surrounding values gradually rather than all at once. At the opening in May 2026, Oakridge prices did not yet show a clear premium, and the effect is likely to be felt first on the quieter residential streets within walking distance of Cambie and 41st. Current figures for each property type are tracked on the Oakridge Real Estate Market Stats and Trends page.

Next Steps to Consider

These are conversations worth having with someone who knows both the market and the development in depth, such as Bruce Hiatt.

If you are considering buying or selling in Oakridge, I would be glad to walk you through how the market is currently trading and what Oakridge Park means for your specific situation. A full neighbourhood guide is on the Oakridge Vancouver real estate and condos page, with current listings. Contact me here.