There are some efforts to give the new name to all of Harewood, but this will probably never take hold, partly because the name "Harewood" is beloved by its residents. Most people would say that the "University District" encompasses most of Harewood, down the hill from VIU to Bruce Avenue, south to 7th St perhaps, and north to 2nd St or Comox Ave.
This area is quiet if you're not on Wakesiah, Bruce, or Fifth, and University Village (formerly Harewood Mall) is nearby, with a Quality Foods, Value Village, Starbucks, Subway, Shoppers Drug Mart, and more.
Homes in the University District come from every era: There are old character homes, many of them wonderfully maintained; there are also newer homes, and everything in between.
Along bus routes? Yes.
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Historic map of the University District, 1955 (the university's present site is marked)