False Creek North is located north of False Creek and south of Pacific Boulevard between the Burrard Street Bridge on the west and International Plaza just east of the Cambie Bridge on the east.
The inlet called “False Creek” used to be five times larger than it is today. In 1859 it was named by Captain George Henry Richards who navigated his ship into the basin during his hydrographic survey of 1856-63 and expected a water link to coal deposits but instead found it to be a dead end.
Soon thereafter False Creek was used for the transport of local lumber by the newly built mills on its south shores.
The area surrounding False Creek became more attractive to businesses after the Canadian Pacific Railway extended its railway line to English Bay and the first Granville Street bridge was built in 1889 connecting the two shores of False Creek.
The CPR built large railway yards on the north shore taking advantage of 20 tax free years in return. The area of the railway yards became know as Yaletown because the railway workers who moved there, had previously worked at Yale – CPR’s main construction camp.
During WW I the east end of False Creek was filled in to create space for railway yards and terminals and by 1950 filling in all of the creek was regarded as an option after False Creek had become unsanitary and had no further commercial use.
In the 1960’s the CPR, the province and the city did a land swap which gave the province the former railway yards on the north shore. The province used the site for Expo 86 which Jim Pattison made into a great success. The city obtained the land on the south shore and involved different groups in the development of predominantly residential buildings which lease the land from the city.
After Expo Premier William vander Zalm offered the 84 hectare site on the north of False Creek to private developers. In 1988 Hong Kong billionaire Li-ka Shing was the highest bidder at $320 million over 15 years, a price that many thought was too low. In 2010 Li-ka Shing’s company Concord Pacific completed the development of the new residential area with approximately 40 high rise buildings. CPR’s roundhouse is now a community centre and the only building retained from the area’s industrial past. The Roundhouse also houses Engine 374 which was the first passenger train to enter Vancouver (1887).
YVR Airport: 30 minutes by car or 40 minutes by Canada Line
Robson Street Shopping: Under 10 minutes walking
Granville island: 5 minutes drive or 10 minutes Aqua Bus
Kitsilano Beach: 5 minute drive or 30 minute walking
The Yaletown population has grown considerably in the last decade, and consists primarily of young professionals in their late 20s to late 30s. Although there are significantly fewer children in Yaletown than Metro Vancouver as a whole, many young families choose to stay in the area until the time comes to purchase a larger home. Artists and sales and service people also populate the neighbourhood. While Yaletown became renowned for multimedia offices during the dot com boom, it now houses a broader array of businesses and its population reflects this.
Mainland, Hamilton and Homer Streets are replete with hair and nail salons, boutique clothing and gift stores, lifestyle and home furnishing stores, restaurants, and lounges. Check out Blo Blow Dry Bar or Bombay Brows for some pampering, or Atomic Model for a selection of original clothing. Fine Finds also features clothing and accessories by local and international designers, and a selection of gifts that rivals that of Beauty Mark down the street. For vintage finds, stop by Retro Rock Vintage Clothing on Davie and Seymour, arguably one of the best vintage stores within the downtown area. Urban Fare, Choices Market and Nester’s Market serve the community with a large variety of grocery options, from gourmet to organic to locally grown products.
Yaletown showcases some of the best properties Vancouver real estate has to offer. The new developments promise elegant, modern design, fantastic amenities, and great views. Yaletown condos are on average relatively small, however, and prices can be higher than most other Vancouver real estate of similar proportions. Properties such as the Grace on Richards St. embody the style and sophistication of Yaletown real estate, boasting an indoor/outdoor pool, biometric fingerprint security, and suites featuring granite counter tops, stainless steel appliances, and limestone tile floors.