Ideally located between the vibrant downtown of Vancouver and the wilderness mountains of the North Shore, North Vancouver is already thriving and poised to appreciate in value, both financial and cultural, even more over the next few years. The development of lower Lonsdale, on the site of the old Versatile Shipyard, will add an additional 2000 units to the housing stock. 2006 has begun in a promising manner, with a large increase in sales of detached homes over those sold in the same time frame of 2005.