If you’ve ever wondered about the population of a neighbourhood, then you’ve likely wanted to know how many people live in it. You’ve probably wondered: What are the average household size, age, and race? West Van is a highly exclusive place. In the most expensive neighborhood, Ambleside, for example, the average assessed home is $3.7 million, and the average condo assessment is $1.6 million. In Ambleside, nearly half of the population lives in rental apartments, and 97 percent of purpose-built rentals were constructed in the 1960s and 1970s.
Average household size
Statistics Canada reports that there are 16,935 households in West Vancouver. While the majority of these homes are owner-occupied, the majority of renters also live in them. The average household size in West Vancouver is 2.5 people. Households with two or more people account for the largest percentage of households. One-person households make up the second largest group, with 28 percent being elderly people. Here’s a breakdown of the population of West Vancouver by household size.
The number of people on the waiting list for subsidized housing in West Vancouver has more than doubled in the past five years, and 14 percent of households in the area now spend half or more of their income on housing. Another key statistic is that 58 percent of the population in West Vancouver is renter-occupied, which is higher than the Metro average. The demographics of West Vancouver also reflect a declining population, with slightly over 50 per cent of residents in the workforce.
The majority of West Vancouver residents earn more than the national median. This explains why the median rent in West Vancouver increased by $400 between 2013 and 2018, more than 1% faster than the increase in average household income. Families with children are more likely to face problems renting in West Vancouver, as they typically require larger units and pay more for them. In addition, a shortage of family-sized rental units in West Vancouver contributes to this situation.
While the city has a relatively small population, the district is home to seventeen public schools and four private schools. School District 45 serves the entire area, and over eighty percent of the graduates of West Vancouver high schools continue on to post-secondary institutions. West Vancouver also is home to Canada’s first shopping mall, Park Royal Shopping Centre, as well as the Horseshoe Bay Ferry Terminal, one of the main connecting points between the mainland and Vancouver Island.
Median household income
A recent report shows that the average income of residents in West Vancouver and the surrounding areas is less than the incomes of their neighbours. Vancouver’s median household income is $73,000, while the median income for Calgary, Edmonton and Ottawa is nearly the same at $102,000. The disparity between these two cities is a matter of debate, but for the purposes of this article, the differences are not particularly significant. Let’s take a closer look at these differences.
According to MoneySense, West Vancouver is the richest city in BC. The city enjoys low property taxes, a low crime rate, bike and walking paths, excellent public transit, and an average household income of $82,000 a year. West Vancouver is a beautiful community with beautiful beaches, parks and ski hills. The median household income in West Vancouver is $82,000 per year. If you’re wondering what it’s like to live in a rich, wealthy neighbourhood, West Vancouver is definitely worth considering.
A median salary of 70k is generally considered to be an acceptable income for living in Vancouver, depending on lifestyle choices. A 70k salary covers a number of essential expenses such as groceries, rent, transportation, entertainment and health care, but the amount of money you need for your lifestyle can vary significantly. However, with a median income of C$127k, you can expect to lead a decent life even if you don’t make nearly as much as the average.
Although the median income in West Vancouver is higher than the median income in other parts of Metro Vancouver, the gap between the two is quite wide. In fact, the difference is so wide that people with modest incomes cannot afford to buy a house there. However, there are seven neighbourhoods in Metro Vancouver where you can buy a strata apartment based on your median household income. So, what should you do? And what can you do to narrow the income gap?
The city of Vancouver is one of the most diverse in Canada. More than half of its population is a visible minority, as defined by the Government of Canada. Visible minorities include people who are non-Caucasian in race and colour. The following table shows the percentage of visible minorities and the ethnic origin of household members. You can find out more about the diversity of the city by reading the following articles. This is a quick guide to the demographic makeup of west Vancouver.
The lack of affordable housing is a major issue for West Van. It is especially pronounced among older residents, who struggle to remain in the community as they age. In response, municipal leaders recently rezoned more than 50 acres of prime waterfront land to accommodate high-rise condominiums and apartments. This led to a fierce backlash from locals, but 90 per cent of West Vancouver is still zoned for single-family homes.
Earlier, racist covenants were enforceable, prohibiting Asian and African residents from living on property. British Pacific Properties Ltd. is named among the parties involved in implementing such restrictions. These covenants have been unenforceable since 1978, but they are still present in official documents attached to the properties of residents. But, as the city moves to improve the quality of life for its residents, the issue has a chance of making a difference.
The population of West Vancouver, BC is 42,473. Of that, most residents earn above the low income cut-off. In fact, 80% of West Vancouver’s population attends post-secondary institutions. A significant proportion of students also come from Squamish, North Vancouver and the Sunshine Coast. Wikimedia Commons and Wikipedia are both excellent resources for information about the city. You can also find a travel guide to the city on Wikivoyage.
The age distribution of West Vancouver’s population has undergone a dramatic change in the last decade. The 65+ population has grown from under 31,000 people in 2011 to over 44,000 people in 2021. The 65-69 age group has grown by nearly 13,000 people, while the five years after that have shrunk by over 15%. However, the 2011 and 2016 censuses do not break down ages past 85, which is another reason for the recent decline in the senior population.
The city’s population has remained relatively stable over the past 125 years, increasing by 3.8% at each census since 1886. The age distribution of the population in West Vancouver matches that of its neighbor, Vancouver, at just over two million residents. It is also the seventh most populated city in the province and home to Canada’s first shopping mall. It also is home to the Horseshoe Bay Ferry Terminal, one of the major ferry terminals connecting the mainland to Vancouver Island.
West Vancouver’s population consists of 16,935 households. Seventy-two percent of these homes are owner-occupied, while twenty-one percent are renter-occupied. The average household size is 2.5 people, with two-person households representing the largest share of the market. The second largest group is single-person households, with one person accounting for 28 percent of total West Vancouver households. Overall, West Vancouver has a rapidly aging population.
While there are several public and private schools in West Vancouver, most residents attend school in the School District 45. Eighty percent of West Vancouver’s high school graduates go on to university. The majority of residents commute between 15 and 30 minutes to work, with the average commute time at about twenty-six minutes. However, the majority of residents commute from another municipality in the same province. If they do, they may wish to commute to another municipality.
The housing market in Vancouver has seen a spike in sales over the past several months, and many economists attribute the growth to a strong economy, low interest rates, stable unemployment, and desirable location. While the pace of growth may slow down in the future, the overall growth in metro Vancouver’s housing market is expected to remain strong. Moreover, a healthy economy and increasing gross domestic product have boosted the region’s housing market. Foreign investors and local buyers have also helped drive the market’s growth.
The housing shortage in West Van is most visible in the form of traffic congestion. Few residents with jobs in West Vancouver are able to afford the North Shore, forcing them to make a long commute through the city. Meanwhile, many small businesses are reporting that they may have to move to another region. With these challenges and obstacles, the city has a long way to go in addressing the housing crisis. A recent report by the province’s Office of Municipal Planning outlines some potential changes to the housing market in Vancouver.
Detached home sales in West Vancouver dropped 20 percent month-over-month in May. This is 32 percent below the same month last year and four percent below the average in the past decade. Moreover, the median price of a West Vancouver detached home was $3.3 million in May, up three percent from April and six percent from May 2017. The benchmark price for single-family homes in West Vancouver in 2022 is $3,475,600. The rennie review noted that the median days-on-market for detached homes in West Vancouver is 29 days.
Aside from the housing market in Vancouver, West Vancouver is one of the richest cities in Canada. In fact, the housing market in West Vancouver has the highest price-to-income ratio in North America, and the prices have skyrocketed. As a result, many residents may have to wait much longer for their morning latte. This in turn will have an effect on the local economy. A city’s economy is not just one factor; it is all the sum of its parts.
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.