There are many different factors to consider when you are looking to purchase a home. Some of these factors include the general layout of the neighbourhood, the services and amenities that are available in or around that specific location as well as other deciding factors such as commuting distance, access to public transit or availability of green space.
Whatever the determining factors are for you, a quick way to understand any potential neighbourhood is by looking at the area’s demographics. Coal Harbour for instance is a sophisticated downtown Vancouver neighbourhood that offers a great selection of spectacular condos. All the real estate and condos for sale in Coal Harbour offer residents modern living amenities as well as unparalleled mountain views and an opportunity to live on the waterfront.
Here are some of Coal Harbour’s most interesting demographics:
Coal Harbour has a population of 12 000 and is one of downtown Vancouver’s most densely populated districts. The downtown core of Vancouver has experienced tremendous growth over the past decade and this is reflected in the many new condo developments along the waterfront.
The age distribution of Coal Harbour is as follows:
- 14 and under – 7.8%
- 15-64 – 82.8%
- 65 plus – 9.5%
These demographics show that most Coal Harbour’s population is working age individuals. There is a very small percentage of the population that is of school age showing that the majority of home owners do not have children (56% of all households). Coal Harbour also has a small senior population as reflected in the statistics.
This large population of working professionals tends to be well educated with 77% of the population having some type of post-secondary education and earn a median income of over $ 90 000.
Some of Coal Harbour’s most telling housing demographics are:
- 47% home ownership vs 53% rent
- 0 stand-alone homes
- Most common housing type – high rise condo
These statistics paint Coal Harbour as a modern, sophisticated high-rise neighbourhood in downtown Vancouver. Over 95% of the high-rises in Coal Harbour are over 5 stories tall and newly built (post 1991). There is an almost equal split between homeowners and renters showing that Coal Harbour has a stable population. The densely populated district of Coal Harbour shows that there is no room for stand-alone homes and very little room for row houses as they account for 3% of Coal Harbour’s homes.
The three most spoken languages in Coal Harbour in order are:
- English – 45%
- Persian – 12%
- Chinese – 12%
This demographic demonstrates that Coal Harbour is a multi-cultural neighbourhood and is comprised of people from different ethnic backgrounds. The diverse blend of cultures can be seen in the ethnic restaurant choices as well as in the various community events that take place in this wonderful community.
Coal Harbour – Downtown Living at its Finest!
Coal Harbour is a modern, planned downtown neighbourhood that caters to young professionals who are looking for trendy high-rise condos located just steps from the exciting downtown Vancouver lifestyle.
If this lifestyle appeals to you, I would love to show you some of the exquisite new condos that are for sale on the Coal Harbour real estate market. All of these homes exemplify why Coal Harbour is the best place to live in Vancouver! I look forward to hearing from you soon!