Mount Pleasant & False Creek Flats (prime, ~C$48/sqft/yr · ≈ $35.5 PSF/yr USD) is one of 5 Vancouver Class A submarkets we track.

  • Mount Pleasant & False Creek Flats sits at prime tier.
  • Average rent C$48/sqft/yr · ≈ $35.5 PSF/yr USD vs city average 52.
  • Compared submarkets: Downtown CBD (trophy), Coal Harbour (trophy), Yaletown (prime).

Mount Pleasant & False Creek Flats vs other Vancouver submarkets

Mount Pleasant & False Creek Flats (prime, ~C$48/sqft/yr · ≈ $35.5 PSF/yr USD) is one of 5 Vancouver Class A submarkets we track.

TL;DR

  • Mount Pleasant & False Creek Flats sits at prime tier.
  • Average rent C$48/sqft/yr · ≈ $35.5 PSF/yr USD vs city average 52.
  • Compared submarkets: Downtown CBD (trophy), Coal Harbour (trophy), Yaletown (prime).

Side-by-side with peers

**Downtown CBD** (trophy, C$70/sqft/yr · ≈ $51.8 PSF/yr USD) — The Burrard Street trophy spine. **Coal Harbour** (trophy, C$78/sqft/yr · ≈ $57.7 PSF/yr USD) — Waterfront trophy address. **Yaletown** (prime, C$56/sqft/yr · ≈ $41.4 PSF/yr USD) — Repositioned creative-class submarket. **Broadway Corridor** (prime, C$50/sqft/yr · ≈ $37 PSF/yr USD) — Future trophy frontier with new SkyTrain.

Key facts

cityVancouver
submarketMount Pleasant & False Creek Flats
tierprime
averageRentLocalC$48/sqft/yr · ≈ $35.5 PSF/yr USD
cityClassARentUsd$38/sqft/yr
cityVacancyPct11.2%

Frequently asked questions

What other submarkets compete with Mount Pleasant & False Creek Flats in Vancouver?
Downtown CBD, Coal Harbour, Yaletown

Related

Editorial provenance

Reviewed by Miriam Hollander — Lead market analyst. Last updated 2026-04-15. See our methodology and editorial standards.

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