Emily Carr Art Insitute is moving its doors from the legendary Granville Island over to Great Northern way. This unusual and exciting move is due to increased capacity and cost at the new location over near the VCC-Clark Skytrain Station. This will throw the area into higher demand due to the fact that Skytrain Station will likely see a much higher demand on users that will be attending the new location as well as other schools that are springing up in the area.
As for the Real Estate, its hard to say but a very well known art university increasing its size, creating a new environment and moving into a suburban district should change the layout quite drastically. With VCC already in the area the demand for student housing is expected to increase.
Read more here and see what is to happen with the 150,000sqft of vacant school space.