When will the first Jericho Lands homes be available?

There is no published, contractually fixed first-occupancy date as of May 2026. Vancouver City Council approved the Jericho Lands Policy Statement in 2024 — the policy framework that governs the master plan. Detailed rezoning applications, public-hearing approvals, demolition / remediation, servicing, and phased vertical construction all follow that step. On a project of this scale (roughly 90 acres, multi-decade build-out, partnered between the MST Development Partnership and Canada Lands Company), Phase 1 occupancy on a comparable Canadian master-planned community typically lands 5–7+ years after policy approval, with the back end of the plan stretching 20+ years. Treat any specific date you see on a third-party listing as marketing, not a contract. Verify against the live City of Vancouver public-hearing record and the MST Development Partnership project page (mst.ca) before underwriting a timeline.

What's the Phase 2 Broadway Subway interaction with Jericho Lands?

The Broadway Subway Phase 1 (Arbutus terminus) is under construction and scheduled to open mid-decade. Phase 2 — the extension from Arbutus west to UBC — is a separate project that as of May 2026 sits in routing-study and funding-confirmation territory between TransLink, the Province of BC, and the federal government. Public materials have shown route options that pass through or near the Jericho Lands site, with a station inside the master plan or proximate to it as one option among several. None of those options is contractually fixed; confirm against TransLink and the Province's most recent published route documents before treating any specific station as committed. The interaction matters because a station inside the master plan would compress the walking-distance amenity premium across all of West Point Grey and a meaningful share of Kitsilano — and the absence of one would cap the uplift to walking-distance from whichever Phase 2 station is built.

What is the MST Development Partnership and what is its role here?

MST Development Partnership is a joint venture of the Musqueam Indian Band, Squamish Nation, and Tsleil-Waututh Nation — three of the host First Nations whose ancestral and unceded territories include the City of Vancouver. MST acquired the Jericho Lands in 2014 in equal partnership with Canada Lands Company (the federal Crown real-estate corporation), in what is widely described as one of the largest urban land-back / economic-reconciliation transactions in Canadian history. MST is a co-owner and co-developer — not a passive lessor — and the master plan reflects MST design and cultural priorities alongside the City of Vancouver's planning framework. Verify the partnership and project status against mst.ca and clc.ca.

How many homes will be built at Jericho Lands and is it in the Lord Byng catchment?

Council documents and project communications have published planning targets in the multiple-thousand-residential-unit range, with a mix of market and below-market housing. The exact figure has shifted across iterations of the policy framework and through the 2024 Policy Statement; specific unit counts at full build-out remain a function of detailed rezoning applications. Treat the headline number as an in-process master-plan range, not a fixed deliverable; verify against the live City of Vancouver public-hearing record and mst.ca. On schools: the site sits squarely within the historical Lord Byng Secondary catchment (VSB / SD 39), and the surrounding West Point Grey grid is the core of that catchment. New addresses inside the master plan will be subject to whatever VSB catchment + capacity decision applies at occupancy — confirm any specific address against VSB myschoolfinder once civic addresses are issued.

Why is the listing market mispricing Jericho Lands' impact on West Point Grey?

Most West Side Vancouver listings within walking distance of the site either ignore the Jericho Lands rezoning entirely (treating the next decade as a continuation of the last decade) or overhype it (pricing the bull case as if Phase 1 occupancy and a Broadway Subway Phase 2 station are already contractually delivered). Both are wrong. The defensible position is the three-part practitioner model: 5–7 year construction overhang, walkable-amenity step-change once Phase 1 delivers, and a transit-station upside that depends on the Phase 2 routing decision. A buyer pricing only the bull case overpays. A buyer pricing only the bear case underpays and gets outbid. The right number sits in the middle, with the discount weighted toward the closest blocks.

Development landing — West Point Grey, Vancouver

Jericho Lands (West Point Grey, Vancouver) — Master Plan Buyer Guide

Last reviewed May 10, 2026 by Bronson Job PREC, REALTOR®Sources: MST Development Partnership (mst.ca), Canada Lands Company (clc.ca), City of Vancouver — Jericho Lands Policy Statement (2024) + Public Hearings, TransLink + Province of BC (Broadway Subway Phase 2 routing materials), Vancouver School Board (VSB / SD 39), Metro Vancouver Regional District (Pacific Spirit Regional Park)CC BY 4.0How we verify

The Jericho Lands is a roughly 90-acre master plan at the heart of West Point Grey, Vancouver — owned in equal partnership by the MST Development Partnership (Musqueam Indian Band, Squamish Nation, Tsleil-Waututh Nation) and Canada Lands Company, the federal Crown real-estate corporation. The federal lands — the former Jericho Garrison and the adjacent former West Point Grey RCMP detachment — were acquired in 2014 in what is widely regarded as one of the largest urban First Nations economic-reconciliation transactions in Canadian history. Vancouver City Council approved the Jericho Lands Policy Statement in 2024; detailed rezoning applications and phased construction follow over a 10–20+ year horizon. It is the single largest unknown variable on the West Point Grey 10-year price trajectory. Companion to the West Point Grey pillar and the Lord Byng Secondary buyer guide.

The defendable opinion

Most West Side Vancouver listings within walking distance of the Jericho Lands either ignore the rezoning entirely or overhype it — and both are wrong. Ignoring it treats the next decade like the last decade, which it will not be. Overhyping it prices Phase 1 occupancy and a Broadway Subway Phase 2 station as if they were already contractually delivered, which they are not. The defensible answer is a three-part practitioner model: a 5–7 year construction overhang weighted to the closest blocks, a durable walkable-amenity step-change once Phase 1 retail and public realm deliver, and a transit-station upside that depends on whichever Phase 2 routing the Province + TransLink eventually fund. The buyer who underwrites all three legs — not the bull case alone, not the bear case alone — pays the right price.

Project basics

Site size: ~90 acres
Location: West Point Grey, Vancouver, BC
Approximate boundaries: W 4th Avenue (north), Highbury Street (east), W 8th Avenue (south), Trimble Street (west)
Prior use: Federal Crown lands — former Jericho Garrison (DND) + former West Point Grey RCMP detachment
Owner-developer: MST Development Partnership (Musqueam · Squamish · Tsleil-Waututh) + Canada Lands Company — equal partners
Acquisition year: 2014
Master-plan status: Vancouver City Council Policy Statement approved 2024; detailed rezoning + phased construction follow
Build-out horizon: 10–20+ years (multi-phase)
Unit count: Multiple thousands of homes (mix of market + below-market) — in-process master plan; verify against City of Vancouver record
School catchment: Lord Byng Secondary (VSB / SD 39); subject to VSB capacity / boundary review at occupancy

Owner-developer partnership — MST + Canada Lands

The MST Development Partnership is a joint venture of the Musqueam Indian Band, Squamish Nation, and Tsleil-Waututh Nation — three of the host First Nations whose ancestral and unceded territories include the City of Vancouver. MST is partnered in equal share with Canada Lands Company, the federal Crown real-estate corporation that takes federal surplus lands and brings them back to productive civic use. The partnership purchased the Jericho Garrison + RCMP federal Crown lands in 2014 in a transaction widely described as one of the largest urban First Nations land-back / economic-reconciliation deals in Canadian history.

Why this matters for buyers: MST is a co-owner and co-developer, not a passive lessor or a consultative voice on someone else’s plan. The master plan reflects MST design and cultural priorities alongside the City of Vancouver’s planning framework, and that shows up in the policy statement, the public-realm program, and the housing-mix targets. Verify against mst.ca and clc.ca.

Master plan status — what is and is not approved

Approved (2024): Vancouver City Council adopted the Jericho Lands Policy Statement — the high-level land-use framework that sets out land-use districts, density envelope, public-realm priorities, affordable-housing target, transit / mobility strategy, and the cultural framework. The Policy Statement is the policy parent that subsequent rezoning applications must conform to. Still in process: detailed rezoning applications, public hearings on those applications, demolition + remediation, infrastructure servicing, the master Development Permit, and phased vertical construction. Each is its own City of Vancouver process with its own public-hearing record — none is a single switch that flips on a fixed date.

Primary sources to check before underwriting any specific timeline: Vancouver City Council public-hearing schedule, mst.ca, and the City of Vancouver Jericho Lands project page. Treat any occupancy or completion year published outside those primary sources as marketing.

Site context — what surrounds the 90 acres

West Point Grey neighbourhood
One of Vancouver’s premium West Side detached neighbourhoods — character homes on 33-foot and 50-foot lots, the most concentrated Lord Byng Secondary catchment in Vancouver, and the West Point Grey Academy / St. George’s / Crofton House independent-school cluster within walking or short-drive distance.
Pacific Spirit Regional Park (~1 km west)
Metro Vancouver Regional District’s 763-hectare urban forest sits immediately west of the site, separating the master plan from UBC. The park edge is one of the durable amenities that does not change with construction phasing.
Spanish Banks + Locarno + Jericho Beach (~1 km north)
The English Bay beach corridor — Spanish Banks, Locarno, and Jericho Beach Park (former military reserve transferred to the City of Vancouver in 1973) — sits roughly 1 km north of the site, with the Trans-Canada Trail terminus, Jericho Sailing Centre, and the Jericho Beach hostel as anchor public-realm features.
UBC + Kitsilano flanking the site
UBC + the University Endowment Lands sit immediately west of Pacific Spirit Park — the academic / hospital / graduate-student rental sub-market that has driven West Point Grey end-user demand for decades. Kitsilano sits east, across Alma / Trimble, with the closest Jericho-adjacent blocks at the transition edge.

The three-part practitioner model

For any West Point Grey or west-Kitsilano address inside roughly a 1-km radius of the Jericho Lands site, model the next decade in three layers, then weight them by the address’s distance from the site boundary.

1. The 5–7 year construction overhang

Demolition + remediation + servicing + Phase 1 vertical construction is a multi-year heavy-truck-and-noise footprint. Closest exposure: the W 4th + Highbury intersection, the W 8th + Trimble corner, and the Highbury Street corridor between them. A meaningful day-to-day quality-of-life cost, and it should be priced as a discount on the closest blocks. Buyers who plan to live through the entire overhang should be paid for it; buyers who plan to flip mid-overhang should size their holding period accordingly.

2. The walkable-amenity step-change

Once Phase 1 retail, public realm, and parks deliver, every West Point Grey address inside walking distance gets a durable amenity uplift that did not exist before — new shops, new public space, new community programming, new park frontage. That step-change does not depreciate the way construction noise does. The buyer who holds through the overhang is the buyer who captures it.

3. The Broadway Subway Phase 2 variable

Phase 1 of the Broadway Subway (to Arbutus) is under construction. Phase 2 (Arbutus → UBC) is a separate project still in routing-study and funding territory between TransLink, the Province of BC, and the federal government. Public materials have shown options that pass through or near the site, with a station inside or proximate to the master plan as one option among several. None of those options is contractually fixed. Treat a Jericho-proximate station as upside, not as base case, and verify against TransLink + Province of BC primary materials before underwriting either way. See the BC TOD framework for the broader transit-station premium pattern.

Buyer pricing impact — priced in vs. not priced in

Already priced in (in part): the existence of the master plan, the 2024 Policy Statement approval, and the broad shape of the multi-decade build-out. The Vancouver West Side market is sophisticated; buyers and listing agents have absorbed the headline. Not yet priced in (or mispriced): the closest-block construction-overhang discount, the walkable-amenity step-change once Phase 1 delivers, and the Broadway Subway Phase 2 routing decision. Most listings collapse all three into a vague positive narrative or omit the topic entirely. The buyer who separates the three legs and prices each one explicitly — with the discount weighted to the closest blocks — is the buyer with the structural pricing edge over the next 10 years.

Frequently asked questions

When will the first Jericho Lands homes be available?
There is no published, contractually fixed first-occupancy date as of May 2026. Vancouver City Council approved the Jericho Lands Policy Statement in 2024 — the policy framework that governs the master plan. Detailed rezoning applications, public-hearing approvals, demolition / remediation, servicing, and phased vertical construction all follow that step. On a project of this scale (roughly 90 acres, multi-decade build-out, partnered between the MST Development Partnership and Canada Lands Company), Phase 1 occupancy on a comparable Canadian master-planned community typically lands 5–7+ years after policy approval, with the back end of the plan stretching 20+ years. Treat any specific date you see on a third-party listing as marketing, not a contract. Verify against the live City of Vancouver public-hearing record and the MST Development Partnership project page (mst.ca) before underwriting a timeline.
How do I price an existing West Point Grey detached relative to Jericho Lands?
Use a three-part practitioner model rather than a single up-or-down adjustment. (1) The 5–7 year construction overhang — for any address within roughly 1 km of the site, expect heavy-truck traffic, staging, demolition, and noise tolerance to be a real cost on day-to-day quality of life, with the closest blocks (W 4th and Highbury, W 8th and Trimble, the Highbury corridor) most exposed. Discount accordingly. (2) The walkable-amenity step-change — once Phase 1 retail, public realm, and parks deliver, every West Point Grey address inside walking distance gets a durable amenity uplift that didn't exist before. (3) The Broadway Subway Phase 2 variable — if the routing study lands on a Jericho-proximate or in-site station, the uplift compounds; if it lands further north or south, the uplift stays modest. The buyer who underwrites all three legs (overhang + amenity + transit) — not the bull case alone, not the bear case alone — pays the right price.
What's the Phase 2 Broadway Subway interaction with Jericho Lands?
The Broadway Subway Phase 1 (Arbutus terminus) is under construction and scheduled to open mid-decade. Phase 2 — the extension from Arbutus west to UBC — is a separate project that as of May 2026 sits in routing-study and funding-confirmation territory between TransLink, the Province of BC, and the federal government. Public materials have shown route options that pass through or near the Jericho Lands site, with a station inside the master plan or proximate to it as one option among several. None of those options is contractually fixed; confirm against TransLink and the Province's most recent published route documents before treating any specific station as committed. The interaction matters because a station inside the master plan would compress the walking-distance amenity premium across all of West Point Grey and a meaningful share of Kitsilano — and the absence of one would cap the uplift to walking-distance from whichever Phase 2 station is built.
What is the MST Development Partnership and what is its role here?
MST Development Partnership is a joint venture of the Musqueam Indian Band, Squamish Nation, and Tsleil-Waututh Nation — three of the host First Nations whose ancestral and unceded territories include the City of Vancouver. MST acquired the Jericho Lands in 2014 in equal partnership with Canada Lands Company (the federal Crown real-estate corporation), in what is widely described as one of the largest urban land-back / economic-reconciliation transactions in Canadian history. MST is a co-owner and co-developer — not a passive lessor — and the master plan reflects MST design and cultural priorities alongside the City of Vancouver's planning framework. Verify the partnership and project status against mst.ca and clc.ca.
How many homes will be built at Jericho Lands and is it in the Lord Byng catchment?
Council documents and project communications have published planning targets in the multiple-thousand-residential-unit range, with a mix of market and below-market housing. The exact figure has shifted across iterations of the policy framework and through the 2024 Policy Statement; specific unit counts at full build-out remain a function of detailed rezoning applications. Treat the headline number as an in-process master-plan range, not a fixed deliverable; verify against the live City of Vancouver public-hearing record and mst.ca. On schools: the site sits squarely within the historical Lord Byng Secondary catchment (VSB / SD 39), and the surrounding West Point Grey grid is the core of that catchment. New addresses inside the master plan will be subject to whatever VSB catchment + capacity decision applies at occupancy — confirm any specific address against VSB myschoolfinder once civic addresses are issued.
Why is the listing market mispricing Jericho Lands' impact on West Point Grey?
Most West Side Vancouver listings within walking distance of the site either ignore the Jericho Lands rezoning entirely (treating the next decade as a continuation of the last decade) or overhype it (pricing the bull case as if Phase 1 occupancy and a Broadway Subway Phase 2 station are already contractually delivered). Both are wrong. The defensible position is the three-part practitioner model: 5–7 year construction overhang, walkable-amenity step-change once Phase 1 delivers, and a transit-station upside that depends on the Phase 2 routing decision. A buyer pricing only the bull case overpays. A buyer pricing only the bear case underpays and gets outbid. The right number sits in the middle, with the discount weighted toward the closest blocks.