You may be wondering what are the demographics of West Vancouver. There are a few important facts to know. This article focuses on the growth rate of the North Shore population, visible minority populations, Median household income, and housing supply. This is useful information for anyone looking to purchase a home in West Vancouver. Ultimately, it’s important to look at all the information available. The demographics of West Vancouver are unique to the city, and you’ll want to find out as much as possible about them before buying a property.
North Shore population growth rate
The North Shore is a coastal community located across the Burrard Inlet and English Bay, connecting it to the rest of the Lower Mainland through two bridges and the SeaBus passenger ferry. The area was inhabited for centuries by the Squamish and Tsleil-Waututh Nations before European settlers arrived in the early 1800s. The North Shore is also home to the St Paul’s Mission Catholic Church, built on a Mission Reserve on the Squamish Nation.
Despite this growing demand for new housing in the area, the growth rate in the North Shore is still low compared to the growth rate of the West Side. The District Municipality of West Vancouver has lost over three thousand residents since 2011, a drop of 0.7 per cent. In contrast, the growth rate in North Vancouver and the overall Metro of Vancouver is still a healthy 1.1 per cent. However, new housing projects are often blocked by the municipal governments because of concerns about overcrowding and traffic congestion.
Another major concern is the growth of traffic on the North Shore. The North Shore is a major employment area, so many young people and families still live there. The resulting traffic congestion may make it impossible for residents to commute to work, and many residents are stuck in traffic for long hours a day. Further, the North Shore’s growth rate may indicate that the city is headed for premature aging – a condition that will reduce the vibrancy of the area.
Despite the recent price increases, the North Shore has experienced a relatively stable year-over-year growth rate. The benchmark price of a North Vancouver detached home increased by 17.9% from April levels. By contrast, the benchmark price of a West Vancouver detached home rose by nearly 12% from April levels. It’s clear that the North Shore is an excellent choice for those looking for a beautiful home in a scenic area.
While the North Shore is a coastal community, it is largely bounded by mountains to the north and by water to the east. Despite the fact that many people still work in the city, the North Shore has an incredibly low unemployment rate, a result of the booming tourism industry and an improved ferry service. However, the City’s population growth rate may be slightly higher than the rest of the city.
Visible minority population in West Vancouver
The visible minority population is a group of people who are not considered white. They are people of Asian, Southeast Asian, Black and other nationalities. As of 2016, they constituted 22.3% of the total population of Vancouver, with whites and First Nations people making up the remaining 95 percent. The visible minority population of Vancouver has grown by between five and 11 percent since 2001, according to the 2016 census. But that doesn’t mean that West Vancouver doesn’t have visible minorities.
The city is becoming less racially diverse, and East Vancouver, which has long been hailed as a multicultural working-class neighbourhood, is becoming increasingly more homogeneous. On the west side, a rapidly growing number of residents are visible minorities. By Statistics Canada, visible minorities include people of non-white and Indigenous descent. In fact, the largest drop in the visible minority population was reported in Mount Pleasant and Commercial Drive.
The West End of Vancouver is a neighborhood in the city’s downtown. Residents of the neighbourhood often enjoy great views of Stanley Park and the harbour. Those with a college degree are at a greater advantage compared to their white counterparts, who make up 13.6% of the population. In addition, West Vancouver residents who hold a university degree account for 46.6% of the population. In terms of employment, the majority of residents in West Vancouver commute between fifteen and twenty minutes each way to work, with a median commute time of 26 minutes.
The term visible minority is often used as a euphemism for any group not white in color. However, government definitions are less specific than common usage. Many members of the visible minority population do not identify as a minority in the community, and do not form a majority population. In fact, many Latin Americans in Canada are visually indistinguishable from White Canadians. The term “visible minority” is becoming redundant in large Canadian cities due to immigration trends and census data.
Historically, people of European origin were the largest group of immigrants to Vancouver in the nineteenth century. This group has remained the most visible ethnic minority in the city. Some European ethnic groups are also represented. People of Scandinavian, Irish, Greek, and Polish descent are also represented. There are also large numbers of Romanians and other Eastern Europeans. The majority of these groups have been fully assimilated into the community.
Median household income in West Vancouver
The City of West Vancouver has been named the wealthiest municipality in Canada, with a median household income of $101,874. The city is very ethnically diverse, with the highest proportion of residents of Chinese or British Isles ancestry. Founded in 1885, West Vancouver was a former gold rush town, with the land being sold for $10 per acre. Today, it’s one of the most desirable locations to live in Canada, and it’s home to the annual Home Arts Festival.
While market housing is no longer affordable for working families in Metro Vancouver, rents are sky-high. In fact, the median rent in West Vancouver rose by $400 between 2013 and 2018, more than twice the increase in median household income. Larger unit sizes are among the primary challenges facing households with children, which may be priced out of the primary rental market. This is especially true in communities of indigenous people. This fact sheet also explains why the median rent is higher in some areas of West Vancouver than in others.
There are also differences in house prices across Metro Vancouver. Zoocasa, a digital financial magazine, calculated a benchmark house price for August 2018 and the minimum household income needed to afford it. The difference between the two was “staggering” and “gargantuan.”
In terms of affordability, West Vancouver is the most expensive housing market in Metro Vancouver. Median home values in West Vancouver are $2,304,818 and $2,456,840, respectively. While there are plenty of affordable houses and mansions in West Vancouver, their price tag is disproportionately high. Therefore, if you’re planning to buy a home in West Vancouver, you need to be prepared for the high cost.
West Vancouver’s municipal boundaries encompass Cypress Provincial Park, which was the venue of the 2010 Winter Olympics. The city also contains Canada’s first mall, the Park Royal Shopping Centre, and is home to the Horseshoe Bay Ferry Terminal, one of the main connecting points between the British Columbia mainland and Vancouver Island. Lastly, West Vancouver has a number of hiking trails and a ski and snowboard resort. The 2010 Winter Olympics brought tourists to the city.
Housing supply in West Vancouver
One of the biggest problems facing West Vancouver is the lack of affordable and diverse housing. The current housing supply is just two-thirds single-family homes. The older buildings, which often date back to the 1960s and 1970s, provide the only down-sizing options. This shortage of affordable housing is affecting the overall affordability of West Vancouver and driving up rental costs. It has also made it difficult for residents to stay in the community, and may force them to look elsewhere.
The current housing supply crisis is creating a lack of affordable housing options for new comers. The lack of affordable housing options is preventing many young people from relocating to the city. But that’s changing. The number of empty nesters in West Vancouver is growing rapidly, and there aren’t many downsizing options for this group. This situation is creating an unprecedented housing supply shortage in the city. A redevelopment of Gordon Avenue will address this problem, while keeping the older population in West Vancouver.
According to the Real Estate Board of Greater Vancouver, the number of active listings in January 2022 is at a record low. This is due to the low number of new homes available on the market. Despite this, home prices continue to rise in Metro Vancouver, as a shortage of housing continues to keep prices down. In January 2022, only a few properties were listed for sale, while the number of new listings in December was 25 per cent higher.
In May, the ratio of active listings to sales in West Vancouver was 35.2% for detached houses, 60.8% for townhomes and seventy-seven percent for apartments. The number of sales in West Vancouver in May 2022 was 13.9 percent below the May 2021 average. At the same time, the number of listings ended the month with 547 properties for sale, which was 12.6% lower than the 10-year May average.
In October, the supply of homes in Metro Vancouver was below the average. This means that more people are looking for homes. The supply of homes has been decreasing steadily, and a buyer’s market is prevailing. The federal government has only tracked non-resident owners for the past three years. The numbers have remained relatively unchanged despite initiatives taken by the government to cool demand. These measures include a foreign buyer’s tax, speculation tax, and school tax. Despite these efforts, however, some people are still unwilling to list their homes.
Among many other things, David A. Grantham is a contributing author to UmassExtension West Vancouver Blo. He is a renowned expert on real estate in BC.
Born in North Vancouver, Louisiana, Dr. Grantham grew up in Lower Lonsdale. He then went on to complete his business degree at the University British Columbia. As of this writing, Grantham has completed over 100 projects, including the development of a high rise building in Vancouver.
He is a husband, father, son, brother, and friend. He was a dedicated outdoorsman and enjoyed sports such as hunting, fishing, scuba diving, and snow skiing. His wife, Alison Grantham, and their two daughters survived him. He is survived by his wife Alison Martin Grantham and two daughters.