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NewPort Village is a small commercial and residential area in Port Moody, British Columbia. The area is located just east of the Burrard Inlet, and across Ioco Road from the city hall, library, and the arena. What is now NewPort Village used to be a forest; the area was not developed until the mid-1990s.
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This model is also used in the residential space, but mostly for small units in high-demand locations. Here, the company signs a rental agreement with the owner and pays them a fixed rent. As per the agreement, the company is given the right to sublet the property for a higher rent. The company's income is the difference between the two rents.
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Port Moody is well-known for its number of craft breweries, many of which happen to be conveniently located on the same street, which is known as Brewer's Row. [19] Port Moody's economic development focus in recent years has been on the arts and culture sector, including the development of a new Port Moody identity as the “City of the Arts.”
For motorists, the Trans-Canada Highway provides freeway access to Burnaby, Vancouver, Surrey, and other municipalities in the Lower Mainland. Lougheed Highway is an alternative route to the Trans-Canada, entering Coquitlam via Maillardville, continuing north to Coquitlam Centre before turning sharply east through Port Coquitlam and then into Pitt Meadows via the Pitt River Bridge.
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