With a sales-to-active property listings ratio of 15 per cent, the Greater Vancouver housing market continues to hover at the lower end of a balanced market and has been trending in that direction over the past five months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties on the region’s Multiple Listing Service® (MLS®) system reached 2,317 in October, a 1 per cent decrease compared to the 2,337 sales in October 2010 and a 3.2 per cent increase compared to the previous month. Those sales rank as the second lowest total for October over the last 10 years.

“Right now, prospective home buyers have a good selection of properties to choose from and more time to make decisions,” Rosario Setticasi, REBGV president said. “Home sellers should be mindful of local market conditions to ensure they are pricing their properties competitively.”

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,374 in October, which is on par with the 10-year average. This represents an 18.3 per cent increase compared to October 2010, when 3,698 properties were listed for sale on the MLS®, and a 23 per cent decrease compared to the 5,680 new listings reported in September 2011.

The total number of properties listed for sale on the Greater Vancouver MLS® system currently sits at 15,377, which is 9.3 per cent higher than the 14,075 properties listed for sale during the same period last year. October was the first month that the total number of property listings showed a decrease this year.

The MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver over the last 12 months has increased 7.5 per cent to $622,955 in October 2011 from $579,349 in October 2010. However, since reaching a peak in June of $630,921, the benchmark price for all residential properties in the region has declined 1.3 per cent.

Sales of detached properties in October reached 974, which represents virtually no change from the 976 detached sales recorded in October 2010, and a 34.5 per cent decrease from the 1,487 units sold in October 2009. The benchmark price for detached properties increased 11 per cent from October 2010 to $884,778, but decreased 1.3 per cent compared to the previous month.

Sales of apartment properties reached 958 in October, a 2.6 per cent decrease compared to the 984 sales in October 2010, and a decrease of 40.4 per cent compared to the 1,607 sales in October 2009. The benchmark price of an apartment property increased 3.2 per cent from October 2010 to $402,702, but decreased 0.7 per cent compared to the previous month.

Attached property sales in October totalled 382, a 1.3 per cent increase compared to the 377 sales in October 2010, and a 37.4 per cent decrease from the 610 attached properties sold in October 2009. The benchmark price of an attached unit increased 6.5 per cent between October 2010 and 2011 to $519,455, and increased half a per cent compared to the previous month.

Download the complete stats package bellow:

http://www.rebgv.org/sites/default/files/REBGV_StatsPackage_October2011.pdf

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Vancouverites will tell you Vancouver is one of the best places in the world to live, and for years now quality of life surveys have been backing up this claim. With that quality of life, however, comes an expensive real estate market – the sixth highest in the world, the second in North America, and the most expensive in the country.  2010 has been a landmark year for Vancouver, but what has that meant for the Vancouver real estate market?  And where does that leave us going into 2011?

2010 Winter Olympics and the Vancouver Real Estate Market

2010 began with a steady climb in real estate prices and sales, as the Vancouver real estate market continued the trend established in 2009, when a recovery from the recession first became evident.  As the 2010 Olympic Games drew closer, however, the real estate market moved beyond recovery and into growth.  In April 2010 Vancouver residential property sales peaked at 3,512, and benchmark prices of residential properties reached all time highs.

Real Estate Market Levels Off

After the spike in activity surrounding the 2010 Olympics died down, the Vancouver real estate market leveled off, and has remained relatively stable for the rest of the year.  While housing sales after April initially dropped and prices increased at a much slower rate, the last couple of months show relatively little change from the summer; home sales have improved and the downward pressure on prices has eased, indicating a balanced market appealing to buyers and sellers alike.

Property Taxes to Rise in 2011

So what is the outlook for 2011?  The Vancouver real estate market appears to have found some stability that will last at least into the first part of the New Year.  One thing buyers should keep in mind, however, is the recently announced hike in property taxes.  Although last week council voted to increase Vancouver property taxes by an average of 2.2% (up from the projected 2% increase) in 2011, residential property owners will take the hardest hit.  Property taxes for home owners will rise by 4.2%, while those for businesses will only increase by only 0.2%, reports the Vancouver Sun.  The extra funds flowing into the city are intended to be used for homeless and anti-gang programs, libraries, parks boards and other public programs, so here’s hoping the tax hike will help  us maintain that quality of life for which Vancouver is renowned.

Kerrisdale is a quaint, quiet, family-oriented community.  This charming neighbourhood primarily appeals to families and the real estate reflects this.  Houses fill the tree-lined streets and the Kerrisdale Village caters to an upper middle-class, mature lifestyle.

Who Lives There

Although Kerrisdale is an idyllic setting for family life, seniors also populate the area as well as students taking advantage of the neighbourhood’s proximity to UBC.  The average household income is almost double that of Vancouver as a whole, and 65% of residents have post-secondary education.

Things to Do

The Kerrisdale Village, along 41^st Ave,  houses shops - from grocers, bakers and delis (try  Forster’s Fine Cheese or MacFarlane Seafoods) to book stores and boutiques such as Hills of Kerrisdale, the first of the Aritzia clothing stores.   Oakridge Mall, not far from Kerrisdale at Ok and 41^st Ave, offers a larger selection of shops. Cafés like the Pastry Club Dessert Café and restaurants also line the streets of the village. 

Shaughnessy Golf Club, Point Grey Golf & Country Club and McCleery Golf Course border Kerrisdale, as do the UBC endowment lands which are great for hikers, runners, cyclists and nature lovers.  Several parks also exist in the area, and the Kerrisdale Community Centre offers programs and activities for people of all ages.

Nightlife is limited in Kerrisdale, but the neighbourhood is not far from Downtown Vancouver.

Real Estate

Most Kerrisdale homes are detached houses, but there are some apartments and semi-detached homes.  The area is well-established, thus homes are rarely new, but for the most part they are spacious and beautifully designed.  Housing prices are slightly above the Vancouver average, but most residents who buy settle in Kerrisdale for quite some time.

Schools and Safety

Elementary schools in the area include: Kerrisdale Elementary, Kerrisdale Annex, Quilchena Elementary and Maple Grove Elementary.  Point Grey Secondary is the nearest high school, but Magee Secondary School and Prince of Wales Secondary also serve the community.   Crofton House is a nearby private school for girls offering classes from Grades 1 to 12.  Kerrisdale has a Montessori school and several other child care centres, and the University of British Columbia is only a ten minute drive away.

Kerrisdale is a safe, well-established, family-oriented neighbourhood.  Residents should still exercise caution at night, however, especially in unlit areas such as the University Endowment Lands.

Transportation

One of the most pristine and naturally beautiful settings on the planet, Whistler is home to some of the most expensive real estate in Canada and the world’s number one ski resort, Whistler/Blackcomb.  A paradise less than two hours drive away from downtown Vancouver along the Sea to Sky Highway (which underwent massive improvements for the 2010 Olympic Games), Whistler offers something for everyone, from food and wine aficionados to outdoor enthusiasts.

Who Lives There

As a world class resort, Whistler has a transient population of tourists, but is also a thriving community of people who live there year-round.  Young internationals looking for adventure make up most of the work force, working in restaurants, hotels and on the mountains.  Retirees also call Whistler home, as well as other local British Columbians looking to escape the hustle and bustle of city life.  Lucky city dwellers with recreational homes in Whistler live there part-time.

Things to Do

Whistler/Blackcomb opened last weekend for winter sports, and is a mecca for skiers, snowboarders, cross-country skiers, snowshoers, and anyone else looking to play in the snow.  The summer months offer a plethora of outdoor activities as well, including glacier skiing, hiking, mountain biking, dirt biking, and kayaking and paddle boarding on the local lakes.  Rentals and lessons are easy to come by for any activity, and a large variety of retailers have equipment for sale.  Even those who don’t participate in mountain sports should ride the Peak 2 Peak Gondola on a clear day to take in the view from the top. 

Festivals and sporting events such as Cornucopia and the Telus World Ski and Snowboard Festival take place year-round.

Skiers and Snowboarders can ride out right into Whistler Village or Creekside Village for Après Ski.  Creekside is more secluded but Dusty’s Bar & BBQ is always fun after a day on the hill, and in Whistler the Longhorn Saloon and Grill and Garibaldi Lift Co. are among the many spots packed with revelers enjoying beer, nachos and music.  Restaurants abound from casual burger joints such as the world-renowned Splitz Grill to fine dining at Araxi or Bear Foot Bistro.  Many hotels offer buffet-style brunch at their restaurants, which could coincide with a trip to the spa.  Whistler has such a fantastic setting that sometimes that is all the frill that’s needed, and cozying up in a cabin with friends and family can be a great dinner option as well.  After dark, the village is just as vibrant, when clubs like Garfinkels and the Savage Beagle open for music – either live bands or DJs – and dancing.

Real Estate

Although Whistler has some of the priciest homes in the country, with some chalets valued at upwards of 10 and even 20 million dollars, more modest condos can be relatively reasonable in comparison to Downtown Vancouver.  For buyers, a Whistler condo can be a great investment because it provides the opportunity to rent on either a short or long term basis, and in addition, the world-class resort will remain as such for a long time, thus is constantly undergoing improvements and attracting new tourists.  Whistler has developed substantially in the last 10-20 years, therefore most Whistler properties are new and fairly problem-free.  Home buyers can expect cozy condos and chalets modeled after mountain cabins that are more spacious than those in the city, and designed to accommodate guests and all the outdoor equipment that accompanies them.

Schools and Safety

Spring Creek Community School and its French counterpart, Ecole la Passerelle, educate children from Kindergarten to Grade 7.  Myrtle Philip Community School is also Kindergarten to Grade 7, and Whistler Waldorf School offers classes from Kindergarten to Grade 8.  Whistler Secondary has classes from Grades 8-12, and Tamwood International College, the Canadian Sport Business Academy and Advantage E/J English School offer ESL classes.  The Canadian Sport Business Academy and Advantage E/J English School have outdoor instructor programs as well.  

Transportation

Driving to Whistler from Vancouver is easy now that the Sea to Sky Highway is wider and safer, and the scenery on the way up is an experience in itself.  Some day parking lots are free, while others closer to the mountains now require payment.  Various buses and shuttles leave regularly from Downtown Vancouver, Vancouver International Airport, and Horseshoe Bay.  Once in Whistler, getting around is easy.  Taxis and buses abound, and shuttle service is available from the gondolas to parking lots, hotels and surrounding villages such as Creekside.

Fairview encompasses South Granville and False Creek South.  This well-established neighbourhood features beautiful town homes, stunning views, award-winning restaurants, and high-end boutiques.  Fairview is one of Vancouver’s oldest-settled neighbourhoods, and while residential areas are quiet, the main streets remain lively, thus it appeals to various demographics.  Fairview provides a feeling of security and community in a neighbourhood that seems further away from downtown Vancouver than it is. 

Who Lives There

Residents of this affluent neighbourhood are mostly employed in education, health, natural and applied sciences, law and business.  The higher than average annual household income reflects this demographic.  The population is young relative to neighbouring Shaughnessey and nearby Point Grey, however, and although the community is family oriented, household sizes are smaller than average. 

Things to Do

The Stanley Theatre, South Granville’s self-proclaimed “beating heart” reopened in 1997 and was an indication of the return of a prospering neighbourhood.  Shows now play here year round.

South Granville is home to some of the finest stores and boutiques in Vancouver.  Restoration Hardware is among several high-end home furnishing stores in the Granville and Broadway area, and below Broadway there are numerous art galleries.  Boboli on Granville and 11^th features clothing and accessories from top designers the world over, and is one of several good clothing stores in the neighbourhood.

Restaurants abound in Fairview.  Broadway between Cambie St. and Burrard St. is comprised of primarily ethnic fare, chain restaurants, and sports bars.  For finer dining there is no shortage of high end restaurants in Fairview.  Monk McQueens boasts a gorgeous location on the water in False Creek South, and delicious seafood.  Vij’s on W.11^th at Granville fuses authentic Indian cuisine with West Coast ingredients, and is some of the most renowned in Canada.  Next door Vij’s Rangoli serves lunch and prepared meals to take home.  Meinhardt’s on Granville and 14^th is one of the city’s premier gourmet markets.  Café Barney across the street serves incredible brunch, and is a good late night spot as well.  The Granville Bridge provides easy access to Vancouver’s entertainment district.

Granville Island remains one of Vancouver’s most popular tourist destinations.  Here, one can shop at the market for fresh, local food, visit the Kid’s Market, tour the Granville Island brewery, or take advantage of the many local artisans showcasing their wares.  Restaurants such as Bridges and The Sandbar always have a great atmosphere and food to match (Bridges leans towards more pub fare).  The Arts Club Theatre plays live theatre throughout the year, and the Arts Club Lounge features live music or comedy nightly, making it a great pre or post-dinner spot.  Granville Island hosts several events and festivals throughout the year, including the annual Pancake Breakfast on Canada Day.

There are a few marinas along False Creek South where moorage is available, and the seawall now runs all the way past Science World to Stanley Park or Canada Place.  Charleson Park along the seawall is gorgeous, and has a children’s centre.  The False Creek Community Centre next to Granville Island has tennis courts and offers various programs and activities for people of all ages.  The Vancouver Lawn Tennis & Badminton Club is located at Granville Park on W. 15^th and Fir St.

Real Estate

Fairview real estate prices are slightly above the Vancouver average, although they have been increasing at a slower rate than the rest of Vancouver.  This could be attributed to the low number of new developments in the area.  Portico at South Granville was completed in the last decade, but is no longer as sought-after a residence as it once was, as there are newer properties in other areas of town.  The Olympic Village is sleek and modern, and has completed that area of False Creek nicely.  Controversy still surrounds the ownership of the Olympic Village properties, however; they are currently owned by the city and have been slated for purchase by non-profit companies for low-income housing.  This proposal makes the most sense, yet purchasers are encountering a lot of red tape.  Although some Fairview residences are older, most are spacious with great views of the city.

Schools and Safety

Fairview is a safe neighbourhood with a strong sense of community.  Lord Tennyson Elementary and L’Ecole Bilingue Elementary serve the area, along with Prince of Wales Secondary School.  There are also several private schools nearby, including St. George’s (boarding school for boys, grades 1-12), York House (day school for girls, grades 1-12) and Little Flower Academy (Catholic high school for girls).  The renowned Emily Carr University of Art & Design is located on Granville Island.

Transportation

Since the completion of the Canada Line, South Cambie has flourished.  Home to City Hall and Vancouver General Hospital, and mere minutes from the downtown core, the neighbourhood has returned to the central location it once was.  Cambie Village now boasts practically any convenience you can think of, and the real estate surfacing in the area reflects this renaissance.

Who Lives There

The South Cambie population is primarily middle class, half of whom hold a degree and almost a quarter earning six figure salaries.  In addition, 49% of South Cambie residents own their home.  This is not to say that the area is particularly wealthy, however – the average household income is in between that of Vancouver and Metro Vancouver.  In addition, 30% of residents are between the ages of 20 and 34, and their occupations span a broad spectrum, from social sciences, education, and government, to applied sciences, to the arts.  These statistics reflect the energetic, well-rounded young community.

Things to Do

Queen Elizabeth Park, at 33^rd and Cambie, boasts the most incredible views in the city.  Visit Seasons in the Park at the top of the hill to take advantage of this panorama while enjoying some fine cuisine.  Up here one can also visit the stunning Quarry Gardens and Bloedel Floral Conservatory.  There is also a lawn bowling green and a pitch ‘n’ putt course where one can also try disc golf.  The park is so beautiful, however, that walking through it can be an activity in itself. 

The Cambie Village is home to Whole Foods, Canadian Tire, Best Buy and Choices Market, among other conveniences.  Residents rarely need to leave the neighbourhood for everyday necessities.  Oakridge shopping centre on Cambie and 41^st is a short drive away, and can also be accessed by the Canada Line.   The Park Theatre plays great films, while Kino Flemenco Café and Tapas Bar on Cambie and 18^th offers food and dancing nightly, and is one of several small eateries in the area.  For other restaurants and nightlife, hit up Broadway or head to Yaletown or downtown – the Canada Line will get you there in one or two stops. 

Real Estate

Although it is one of the oldest settled areas of Vancouver, South Cambie is growing, and with the completion of several new developments, it has attracted another wave of professionals and young families who are looking to put down roots.  Detached houses in this area are beautiful, and properties such as The Olive epitomize urban living.  These condos have all the amenities of downtown real estate with the comforts of a neighbourhood just outside the city’s centre.  Housing prices range from upwards of $1million for detached homes to half that for apartments, which is about on par with standard Vancouver real estate.  While the Canada Line was under construction, South Cambie suffered, but upon its completion the area has been revamped and the South Cambie real estate market reflects this.

Schools and Safety

South Cambie is a pleasant, family-oriented community.  Edith Cavell Elementary serves South Cambie residents, and nearby high schools include Sir Charles Tupper Secondary (public) and St. Patrick Regional Secondary (private).  Langara College is conveniently located about 10 minutes away by car or the Canada Line, and buses to UBC or SFU can be easily caught from Broadway.

Transportation

Mount Pleasant is a lively, vibrant neighbourhood whose residents have strong ties to their community.  Main Street and Commercial Drive in particular exhibit a real neighbourhood feel, set amongst trendy boutiques, innovative eateries, cafes, and markets.  Although Mount Pleasant is one of the older neighbourhoods in Vancouver, the vibe is always young and fresh.

Who Lives There

Mount Pleasant is an eclectic community of artists, students, young professionals, and families.  Most residents are between the ages of 20 and 44 and highly educated.  Although 74% or the population has post-secondary education of some sort – above average – the average annual household income for Mount Pleasant is lower than that of Vancouver and Metro Vancouver.  This discrepancy likely reflects the fact that, although 75% of the population above 15 years of age is in the labour force, many are young and employed in arts, culture, recreation and sports rather than business, finance and administration. 

Things to Do

Main Street and Commercial Drive are replete with interesting shops and restaurants.  Try Motherland or Smoking Lily on Main Street for some original finds, or hit up one of the many vintage stores such as Bohemia Gallery.  Mintage on Commercial also has great finds.  Second Time Around is one of several antique stores on Main St, and Dream Designs on Commercial features locally made, 100% organic and 100% natural home furnishings and apparel.  The best way to find what you’re looking for on Main St. or Commercial Dr. is to stroll through the neighbourhood and see what catches your eye, but be prepared to spend a couple hours browsing in the process.

Mount Pleasant is renowned for Vietnamese restaurants; try Pho Linh on Broadway.  The Reef Caribbean Restaurant has two locations, on Main St. and on Commercial Dr.  Commercial Dr. is also home to Havana, serving excellent Cuban fare, and Me and Julio’s, the sister restaurant of Lolita’s South of the Border Cantina.  Me and Julio’s is a great brunch spot, as is Locus on Main, which also has an innovative cocktail list for the evening crowd.   Lucy’s Eastside Diner is Main Street’s most recent addition, and promises the best burgers in town; its sister restaurant, The Whip, is a fun late night hangout.  For those wishing to take their evening to the dance floor, The Biltmore on Kingsway and 12^th Ave. is casual and fun.

The brand new Mount Pleasant Community Centre on 1^st and Kingsway offers numerous programs and activities for adults and children, and a state of the art fitness centre.  Parks in the area include Jonathon Roger, Guelph, Robson and Tea Swamp.

Commercial Drive hosts several cultural festivals throughout the year, including Italian Week each June and the Parade of Lost Souls every October.

Real Estate

Mount Pleasant real estate prices have been increasing faster than other parts of Vancouver, reflecting the new developments in the area.  Most properties are detached, but low-rise apartment buildings and townhouses line the main streets.  New developments such as Quebec Corner Townhouses exemplify the direction in which Mount Pleasant is headed.  The neighbourhood is already well established, and housing prices are relatively on par with the Vancouver average, but newer properties are more expensive, and will bring a new wave of residents to the area as Vancouver expands eastward.

Schools and Safety

Fraser Elementary, Nightingale Elementary and Mount Pleasant Elementary are all in the area, as is Sir Charles Tupper Secondary School.  St. Patrick’s is a private secondary school on W.11^th near Main St.  Langara College is not far from Mount Pleasant, and SFU and UBC can be easily accessed by public transit.

Mount Pleasant is relatively safe, but is bordered by the downtown eastside; this does not render the north part of the neighbourhood unsafe, necessarily, but residents should exercise a degree of caution in this part of Mount Pleasant.  For the most part, however, Mount Pleasant is an extremely friendly community.

Transportation

Like its neighbour Yaletown, False Creek North was once primarily industrial, until the industry was moved out in preparation for Expo ’86.  As Yaletown rapidly developed, properties began to be constructed eastward, and at present the last available strip of land is being built up, which will continue the waterfront properties from Yaletown all the way to the Telus World of Science.  The International Village and Chinatown are also growing rapidly, creating a thriving, multicultural community in False Creek North.

Who Lives There

False Creek North incorporates an interesting mix of people.  The population spans a spectrum from a large expatriate community, most of who have lived in the area longer than Canadian-born residents, to recent residents inhabiting some of the newer properties in this changing neighbourhood.  Pin-pointing education level, annual income, and household size is difficult because the spectrum is so broad:  the waterfront along False Creek, the International Village, and Chinatown all have different demographics.  False Creek North is consolidating, however, and the years to come will create a strong, solid community.

Things to Do

The Telus World of Science, created for Expo ’86, can be a great stop on a rainy day for people of all ages.  Tinseltown movie theatre is situated in the International Village.  Chinatown is always a great place to view heritage buildings, hunt for bargains and sample Asian fare, and the Chinese night market – taking place every weekend during the summer – promises a fun experience whether you purchase anything or not. 

Rogers Arena (formerly GM Place) and the soon to be renovated BC place call this neighbourhood home, making concerts, hockey games, football games, and other major events easily accessible.

Chambar Restaurant on Beatty St. boasts one of the best menus in the city and has a fantastic atmosphere.  The Keefer Bar features “Apothecary Cocktails,” designed to soothe certain ailments and made with ingredients from the local Chinese market.  Asian tapas are also available here, served in a lounge space of sleek design.  Fortune Sound Club in Chinatown has the best sound system in the city, and one of the best atmospheres.  Closer to the water, visit the Plaza of Nations for concerts, shows, or a night out at Gossip Nightclub or the Edgewater Casino. 

The seawall can now be run, cycled, walked, or rollerbladed all the way to Spanish Banks in one direction and around Stanley Park or Canada Place in the other.  Cooper’s Park is an off-leash sanctuary for dogs, and Andy Livingstone Park is a large urban oasis with a skateboard park, playground, and tennis courts.  Dr. Sun-Sat Yen Classical Chinese Garden in Chinatown is a must to visit, even at night, when there are classical concerts during the summer and a lantern festival on the winter solstice.

Real Estate

Like the demographic, real estate in False Creek North spans a broad range.  Many of the buildings in Chinatown are heritage buildings, and there are also some run down properties in the area.  Some heritage buildings have been refurbished beautifully, however, and False Creek North is also home to some of the newest and most exciting Vancouver real estate.  False Creek North real estate prices reflect this disparity, but across the board real estate in this area is one of the best investments in Vancouver, as it has perhaps the most room for growth in all of downtown.

Along the waterfront, Concord Pacific has plans to fully develop the last remaining large parcel of land – and waterfront property – in downtown Vancouver by 2020.  The Tinseltown and Chinatown areas are also poised for expansion and improvement.  The Keefer Boutique Residence in Chinatown embodies the future of False Creek North.  From the bar downstairs to the penthouse, which includes a glass bottomed roof-top swimming pool, this innovative property – offering short or long-term stay in one of four luxurious suites – exemplifies the trend toward sophistication in the neighbourhood. 

Schools and Safety

At present, Lord Strathcona Elementary School is the only public school in the area, but Elsie Roy Elementary serves nearby Yaletown, and the nearest high school is Templeton Secondary. 

False Creek North is lately becoming more community oriented than it has been in the past, but is not the safest neighbourhood in Vancouver.  

Transportation

Once an industrial centre, Yaletown has developed into one of the city’s trendiest and most thriving communities.  Named after the gold rush town of Yale whose residents moved into that part of Vancouver once the Canadian Pacific Railway extended from their home to the city, Yaletown became run down by the late 20^th Century.  After Expo ’86, however, the potential for development in the area became clear, and it was purchased by a Honk Kong investor.  Almost a quarter-century later, one can easily see how that investment has paid off.  Hamilton and Mainland Streets have maintained their historical charm, with refurbished heritage buildings – most of which were once warehouses – converted into lofts, offices, restaurants and shops.  New properties have grown up around this central area, and Yaletown now consist of apartment buildings housing modern condos with fantastic views and amenities.

Who Lives There

The Yaletown population has grown considerably in the last decade, and consists primarily of young professionals in their late 20s to late 30s.  Although there are significantly fewer children in Yaletown than Metro Vancouver as a whole, many young families choose to stay in the area until the time comes to purchase a larger home.  Artists and sales and service people also populate the neighbourhood.  While Yaletown became renowned for multimedia offices during the dot com boom, it now houses a broader array of businesses and its population reflects this. 

Things to Do

Mainland, Hamilton and Homer Streets are replete with hair and nail salons, boutique clothing and gift stores, lifestyle and home furnishing stores, restaurants, and lounges.  Check out Blo Blow Dry Bar or Bombay Brows for some pampering, or Atomic Model for a selection of original clothing.  Fine Finds also features clothing and accessories by local and international designers, and a selection of gifts that rivals that of Beauty Mark down the street.  For vintage finds, stop by Retro Rock Vintage Clothing on Davie and Seymour, arguably one of the best vintage stores within the downtown area.  Urban Fare, Choices Market and Nester’s Market serve the community with a large variety of grocery options, from gourmet to organic to locally grown products.

Yaletown residents are known to keep fit, and Exhale Yoga Pilates Dance Studio at Cambie and Nelson offers a wide variety of classes.  Running, walking, cycling or rollerblading the seawall is another favourite local pastime, and it now runs all the way to Spanish Banks in one direction and Stanley Park and Canada Place in the other.  David Lam Park features free tennis courts and is one of several, including an off leash dog park.  The Roundhouse Community Centre offers activities and programs for all ages, and the Yaletown Marina provides moorage for boating enthusiasts.

Restaurants abound in this part of town.  Try Brix, Glowbal or Blue Water for fine dining, or Cactus Club or Rodney’s Oyster Bar for more casual fare.  Phat and Bojangles create great sandwiches, and Provence at the marina, although open all day, boasts some of the best brunch in Vancouver.  Yaletown’s most recent addition, 100 Days in the Opus Hotel, is a concept restaurant modeled after the pop-up restaurant trend that began in New York City, and combines art and food in one experience.  Bar None is open late for those wishing to check out the club scene.

Real Estate

Yaletown showcases some of the best properties Vancouver real estate has to offer.  The new developments promise elegant, modern design, fantastic amenities, and great views.  Yaletown condos are on average relatively small, however, and prices can be higher than most other Vancouver real estate of similar proportions.  Properties such as the Grace on Richards St. embody the style and sophistication of Yaletown real estate, boasting an indoor/outdoor pool, biometric fingerprint security, and suites featuring granite counter tops, stainless steel appliances, and limestone tile floors. 

Schools and Safety

Elsie Roy Elementary School has a beautiful location across from False Creek, next to David Lam Park.  Dorothy Lam Centre is also located here, and offers childcare and programs for children.   King George Secondary in the West End is the closest secondary school.  CSLI (Canadian as a Second Language Institute) has a campus on the corner of Cambie and Nelson, and the Vancouver English Centre is one block away on Smithe.

Yaletown is usually busy whatever the time of day, and the streets are well lit with many businesses open late.  The neighbourhood can be considered quite safe, but one should exercise caution along the unlit seawall after dark.

Transportation

Yaletown is easily accessible from any part of town.  The recent addition of the Canada Line facilitates commutes north to the downtown core (one stop) and Waterfront Station, or south to South Cambie, Oakridge, Richmond, and the Vancouver International Airport.  The Aquabus ferries have two stops in Yaletown, one at the Yaletown Marina and one at David Lam Park.  The Aquabus offers an efficient and stress-free way to travel around False Creek.

Point Grey, located between Kitsilano and UBC, boasts some of the most prestigious Vancouver real estate.  Bordered on the North side by the spectacular Spanish Banks and Jericho Beach, it is no surprise that this neighbourhood is one of the most sought after in Vancouver, British Columbia, and even Canada.  From the high vantage point many of the Point Grey homes provide, the view of the Pacific Ocean, North Shore Mountains, and downtown Vancouver are unparalleled.

Who Lives There

The average education level and income in Point Grey are much higher than those of Vancouver and Metro Vancouver.  Residents include professionals, University of British Columbia faculty, city dignitaries, and families.  Due to the area’s proximity to UBC, students also reside in the area, most in rental suites in detached houses or apartments in Point Grey Village.  Point Grey is an established, affluent and family oriented community.

Things to Do

Spanish Banks features the longest strip of sandy beach in Vancouver, where one can barbeque, cycle, skimboard, play volleyball, or simply enjoy the magnificent views.  Spanish Banks leads into Locarno Beach and then Jericho, both of which are just as inviting.  Jericho Park (next to Jericho Beach) is home to the Jericho Sailing Centre, Club Locarno, the Royal Vancouver Yacht Club, the Jericho Tennis Club, and the West Point Grey Community Centre.  Members of and visitors to these establishments can dine, swim, kayak, sail, paddle board, wind surf, row, play tennis, badminton, and numerous other activities.  Point Grey offers a plethora of indoor and outdoor activities to suit any interest.  The annual Vancouver International Folk Festival is also held at Jericho Park.

Point Grey village on 10^th Avenue is home to shops, eateries and services.  Provence Restaurant offers fine Mediterranean cuisine, and The Cellar Jazz Club on Broadway and Alma is a good late night spot.  For more lounges and restaurants, one should venture further east along Broadway or 4^th Avenue.

Real Estate

Those in search of a stunning Vancouver home need look no further than Point Grey.  Those looking for waterfront property can expect housing prices in the millions, but will find large, established, detached houses with panoramic views.  Away from the water homes are primarily detached, and while prices still average seven figures for many of these, there are smaller homes and some condos that are more affordable.  Most Point Grey residents own their homes, as it is a great neighbourhood in which to settle down.

Schools and Safety

Elementary schools in the area include, Queen Mary, Jules Quesnel, Lord Kitchener, and Queen Elizabeth.  Lord Byng Secondary, Point Grey Secondary, West Point Grey Academy (Private, Pre-Kindergarten – 12) and West Point Grey School of Music are all in the neighbourhood as well.  Various pre-kindergarten schools are available, and the University of British Columbia borders Point Grey – walking distance from some residences.

Point Grey is one of the safest communities in Vancouver, but as most of the area is residential, residents should exercise the usual caution, especially at night when the streets are relatively deserted.  Some areas are patrolled by security, however, and in general Point Grey is a wonderful place for families.

Transportation

During the 1970s, Kitsilano, affectionately known to locals as “Kits,” was renowned as a thriving hippie destination.  The community has retained much of that down-to-earth mentality, and Kitsilano remains defined by beautiful beaches, organic markets, yoga studios, casual boutiques, and unique eateries. 

Who Lives There

On average, Kitsilano residents are between the ages of 20 and 34, and either single or common-law couples (37% are families).  The level of education here is higher than Vancouver and Metro Vancouver, with 87% of all residents possessing some form of post-secondary education.  Even though the majority of residents hold sales and service positions, more residents hold jobs requiring post-secondary education than in Metro Vancouver as a whole.  The average household income in Kitsilano is also slightly higher than that of Vancouver.  In general, Kitsilano caters to students, young couples and families who do not yet need to move further away from the city in order to purchase a larger home, but still enjoy the community feel of living in a friendly neighbourhood with countless conveniences at their fingertips.

Things to Do

Vancouver was recently counted among National Geographic’s top 10 beach cities in the world, and Kits Beach contributed to this honour.  In a central location with views of the city, North Shore Mountains, and fabulous sunsets over the Pacific, Kits Beach has something for everyone.  From volleyball courts to the Boathouse Restaurant to Kits pool, the longest outdoor pool in Canada, there is no shortage of things to do.

4^th Avenue boasts cafés such as Sophie’s Cosmic Café, Great restaurants such as Yuji’s (some of Vancouver’s best sushi), boutiques and board stores.  Organic markets and fresh bakeries also call 4^th avenue home, and check out Gravity Pope and Livestock for great selections on shoes. 

Local Public Eatery is located right across from Kits Beach, and up the street Karv offers similar fare with a casual vibe that invites you to stay all day.  The Taco Shack on Cornwall Ave. features some of the best, and most authentic, Tacos in the city.  DB Bistro Moderne on Broadway offers amazing brunch on the weekends, and Lumiere next door is one of Vancouver’s most popular fine dining restaurants.  Nightlife is limited to lounges such as Fiction, which features live DJs, and places such as Lola Cabaret, a club that is usually packed with students.  If you are not a student, it is best to take advantage of Kitsilano’s many restaurants and lounges, a lot of which are open late.

Real Estate

Most properties in kits are low-rise condo complexes and some detached houses.  Homes tend to be less modern and more spacious than in some of the more recently developed areas of Vancouver.  Real estate prices are slightly lower than the Vancouver average, but higher than that of Metro Vancouver.  Many residents rent, but buyers can expect terrific views, nearby amenities, and large suites.  Real Estate in Kitsilano can be a solid investment and a good jumping off point for first-time home buyers looking to purchase within the city.

Schools and Safety

There are several elementary schools in the area, including Bayview Elementary, Henry Hudson Elementary, Tennyson Elementary, and Gordon Elementary, and one public secondary school, Kitsilano Secondary.  Nearby private schools include, St. John’s (K-12), St. John’s International (8-12), and Fraser Academy (1-12, designed for children with learning disabilities).  The University of British Columbia is about 15 minutes by bus. 

Kitsilano is a fairly safe area, although residents should exercise the usual caution at night on beaches, in parks, and along poorly lit streets.  Residents are friendly and community-oriented, thus Kits remains one of the safer places to live in downtown Vancouver. 

Transportation

Coal Harbour was once officially part of the Downtown region of Vancouver, but in recent years has developed into a neighbourhood all of its own.  Although Coal Harbour is sometimes considered just an extension of the West End, its rapid development has distinguished it as a separate thriving community, home to some of the most prestigious Vancouver real estate.

Who Lives There

The Coal Harbour demographic has changed considerably over the last 15 years.  At present, the Coal Harbour populace consists primarily of professionals who work in the downtown core.  Spacious condos with gorgeous views, however, have drawn families to the area as well.  In general, most people who live in Coal Harbour are well educated with higher than average incomes.

Things to Do

The Coal Harbour Marina and the nearby Vancouver Rowing Club offer moorage, rowing lessons, and other activities for boating enthusiasts.  The Coal Harbour Community Centre, in association with Barclay Manor and the West End Community Centre, also boasts a large number of programs to accommodate a variety of interests.  Bikers, rollerbladers, runners and strollers can enjoy the Stanley Park Seawall – just steps from most residences – which extends through Coal Harbour to the iconic Canada Place. 

Cardero’s Restaurant and Marine Pub, situated on the water in Coal Harbour Marina, features one of the best patios in the city.  The Mill and Lift are also great places to dine, The Mill being the more casual of the two.  There is not much nightlife right in Coal Harbour, but Gastown and downtown are walking distance or a short cab ride away.  For those wishing to stay closer to home, the Crime Lab on Denman St. is open late for drinks and food.

Urban Fare gourmet market opened two relatively new locations, one on Bute and Hastings Streets right in Coal Harbour, and another closer to Downtown (on Thurlow),where there is also a BC Liquor Store.   The downtown shopping area (Robson Street and Pacific Centre for most mainstream stores; Holt Renfrew and Alberni Street for high end boutiques) is a few minutes’ walk from Coal Harbour, as is the main financial district of Vancouver.

Real Estate

Some of the most expensive Vancouver real estate resides in Coal Harbour, yet some of the most beautiful as well.  While the apartment price in the neighbouring West End is lower than average at $344,759, in Coal Harbour it is higher than average at $493,646.  In part, this is because Coal Harbour properties are much more modern.  Location also plays a huge part – Coal Harbour is conveniently located next to the Vancouver financial district – including the brand new Vancouver Convention Centre – and boasts some of the most panoramic views in the city.

Fifteen years ago, many of the properties we now see in Coal Harbour were merely empty lots.  Now, these lots have become towering condominium complexes with incredible views of Burrard inlet and the North Shore Mountains, and state-of-the-art amenities.  This type of development culminated late last year in the opening of the new Fairmont Pacific Rim.  This hotel also houses luxury residences the likes of which Vancouver has never seen, with some two bedroom condos listed at over $5million.

For the most part, Coal Harbour is not synonymous with affordability, but a fairly modern housing co-op is situated just steps from the seawall, available only to eligible families.

Schools and Safety

The nearby West End is home to Lord Roberts Elementary and Lord Roberts Annex, as well as King George Secondary.  Post-secondary institutions are also nearby: SFU Harbour Centre is located next to Waterfront Station, and the BCIT downtown campus just a few blocks from there.

Even though Coal Harbour is so close to the busy downtown core, it is a relatively safe neighbourhood, even at night.  Streets are usually busy and well-lit, and security guards patrol the area.  The large number of hotels lining the seawall contribute to the security of this area. 

Transportation

Coal Harbour is walking distance from most downtown offices, however, should you need to commute to work, Waterfront Station is located right in the neighbourhood.  From here, one can catch the Canada Line to South Cambie, Richmond, or the Vancouver International Airport; the Expo or Millenium SkyTrain going East; or the West Coast Express for rail travel even further east.  The SeaBus to North Vancouver also leaves from Waterfront Station, and nearby West Coast Air and Harbour Air offer fast, convenient travel by sea plane to Richmond or Vancouver Island.  Multiple buses also leave from Georgia Street.

Vancouver’s West End is bordered by English Bay, Stanley Park, Coal Harbour, and the downtown core.  The West End is the second most densely populated area in North America (second only to Manhattan Island), but due to its serene location and various no-through roads within the neighbourhood, it is surprisingly quiet. 

Who Lives There

Due to the nonexistence of detached homes in the area, the West End is home to fewer families than the rest of Vancouver.  The West End population consists of mostly singles and couples between the ages of 20 to 34, even though the location is fairly family-oriented (see Things to Do and Schools and Safety).  The West End is also home to Davie Village, Vancouver’s largest gay neighbourhood.  Residents of Vancouver’s West End tend to be highly educated but with slightly lower household incomes ($51,933 compared to the $64,889 average for Vancouver).  This discrepancy could be attributable to the young population employed primarily in the sales and service sector.

Things to Do

The West End is home to numerous bike and rollerblade stores (the corner of Denman and Georgia boasts 3), with both available for rent or purchase.  The Stanley Park seawall is one of Vancouver’s main attractions, and here runners, walkers, cyclists and rollerbladers enjoy the luscious scenery daily.  The Stanley Park seawall passes Third Beach (one of downtown Vancouver’s most secluded beaches), Second Beach (home to the Second Beach outdoor pool), and leads to English Bay and Sunset Beach. While Stanley Park features attractions such as the Vancouver Aquarium and a Pitch ‘n’ Putt course, there are other, smaller, parks within the West End, including an off-leash dog park and tennis courts.  The West End Community Centre on Denman Street is a fantastic place to get involved in the community, and participate in ice skating, hockey lessons, or borrow books from the library.

Restaurants include The Boathouse English Bay, with one of the most Panoramic views in Vancouver, and Lolita’s South of the Border Cantina on Davie St, a small establishment with a great vibe and even better food.  Shima Sushi on Denman St. has incredible sushi at low prices, and the world-renowned Cupcakes on Denman is a must to visit.  The Bayside Lounge, a West End fixture since the 1980s, is a great place to visit in the evening, while those looking to go dancing will never be disappointed at Celebrities, once primarily a gay club but now host to both drag shows and international djs, depending on the night. 

During the summer, English Bay plays host to the Celebration of Light, a four-night fireworks extravaganza perfect for families, as well as the Pride Parade, a celebration of diversity in Vancouver.

Real Estate

There are fewer new developments in the West End than in other parts of downtown Vancouver such as Yaletown and Coal Harbour.  West End Real Estate is on average priced lower than most Vancouver real estate, at $344,759 – on average – for an apartment property.  While older in style, these condos tend to be much more spacious than newer apartment properties across the city.  The proximity of these properties to the beach and Stanley Park add to their appeal and value.

Schools and Safety

In addition to a number of daycares, the West End is home to two elementary schools (Lord Roberts Elementary and Lord Roberts Annex) and King George Secondary.  Safety is not much of a concern during the day, but due to the quiet nature of the neighbourhood residents should be a little careful at night, when the streets can be deserted. The quietness of the West End, however, is one of its best features, and most residents are friendly and look out for each other. 

Transportation

Walking around and cycling through the West End is a pleasant experience due to the network of one-way, tree-lined streets and dead ends designed to minimize traffic through one of Vancouver’s busiest areas.  For residents, this network does not pose much of a problem once you know your way around, and will lead you to a major throughway in a matter of a couple of minutes.  Pacific, Denman, Davie, Burrard, Robson, and Georgia streets are all easily accessible, as are the many buses that stop along these busy streets. 

The closest SkyTrain station from any point in the West End is Burrard Station, which serves the Expo and Millennium Lines that travel eastward.  Burrard Station is one stop from Waterfront Station, where one can transfer to the West Coast Express, the SeaBus to North Vancouver, or the Canada Line to Richmond and the Vancouver International Airport.  The Lions Gate Bridge leads out of the West End straight to North and West Vancouver, while the Burrard Street Bridge links south from Pacific Avenue.  Those wishing for a more leisurely journey can catch the AquaBus from underneath the Burrard Street Bridge, and head to Granville Island or Yaletown.

Established in 1867, Gastown is the oldest neighbourhood in Vancouver, but quickly becoming the freshest place to live.  The streets are lined with heritage buildings that house funky boutiques, restaurants, and incredible lofts.

Who Lives There

Things to Do

Gastown is home to a plethora of boutiques, galleries, restaurants and lounges.  Shops range from the casual Alife on Water St. to John Fluevog across the street, a building made of two panels of glass situated between two existing buildings.  Restaurants such as Boneta, Cobre and Diamond have brought a European-style dining experience to area, and The Revel Room offers live jazz and incredible cocktails.  La Casita at first glance may seem like a hole in the wall, but the food is about as authentic Mexican as you can find this far north – and delicious.  Salt dedicates its menu to wine, scotch, and cheese, meat and antipasto plates, while at Guilt & Co. one can order board games with a cocktail.  Upstairs the Chill Winston provides one of the best people watching patios in the city, and during the Vancouver International Jazz Festival some of the best seats.  Shine perseveres as the leading nightclub in an area which was once home to many, but Gastown now seems focused on great food, fun lounges (try the Lamplighter or the Irish Heather) and interesting people.  UAWKU9ETT4FB

Real Estate

Once targeted for demolition during the 1960s, Gastown was saved due to the large number of heritage buildings.  As the rest of Vancouver developed, however, Gastown was left behind.  Now, many of the original properties remain, but have been refurbished to create stunning lofts and suites to suit the savvy residents.  Other buildings, although not saved, have stayed true to the character of the area.  The Woodwards building houses some of the most sought-after real estate in Vancouver: a property that signifies the direction the neighbourhood is headed and that caters to the emerging professional population in the area.  Most Gastown properties are apartments and condos, and most inhabitants rent.  While real estate prices are above average in relation to Metro Vancouver as a whole, they increase steadily on a yearly basis, ensuring Gastown real estate will remain a good investment in the years to come. 

Schools and Safety

Strathcona Elementary School is located nearby on East Pender Street.  The nearest secondary school is King George Secondary in the West End, but various post-secondary institutions are close by, including the SFU and BCIT downtown campuses. 

Due to the many years Gastown was not properly maintained, it is not the most family-oriented area of Vancouver.  It is not however, entirely unsafe, and since the new developments is fast becoming one of Vancouver’s hot spots.  While safety can be a bit of a concern at night time, the well lit busy streets and late-night restaurants diminish any serious risk.

Transportation