Yaletown is located on the False Creek's waters edge of downtown Vancouver, once a rundown warehouse district of Vancouver. Its rebirth started in the late 1980's, and has gradually transformed into Vancouver's most trendy urban community comprising a mix of residential, office, restaurants, boutiques, cafes, and more. The elevated, brick-paved loading docks with their cantilever canopies now house sidewalk tables, providing shade and shelter for the patrons of the many dining and drinking establishments. Today's Yaletown covers a much wider area since its rebirth, and is now considered to be the area bounded by Georgia Street, Richards Street, False Creek and Cambie Street.

Originally Vancouver's garment district, Yaletown still retains its links through its fashionable boutiques and local designers. Now added to this mix are: high-end restaurants, microbreweries, high tech companies, home furnishings and galleries.