Photo: Ariana Gillrie
Though named after its history of industry and mining, Coal Harbour is a relatively new neighbourhood, redeveloped in the ’90s to bring in residences without sacrificing the waterfront view. The resulting high-rises attract big spenders, and the theme of luxury continues with local shopping: Coal Harbour includes part of Alberni Street, with some of the finest designer stores in the city.
Real Estate: The City’s ‘Playground for the Wealthy’
Nowhere is Vancouver’s ritzy reputation more true than in Coal Harbour, where jetsetters, upscale downsizers and top execs enjoy access to luxury Alberni Street shops, Stanley Park trails and beaches, award-winning restaurants, and ritzy marinas. Awaiting their return are gleaming suites with concierge service—for an equally handsome price. With many properties going for $2,000 per square foot or more, and $2 million as a starting price for a basic two-bedroom, buyers need deeper pockets than almost anywhere in the city. “The 15-percent tax for foreign buyers definitely reduced the number of sales, but there aren’t many good deals. It sounds crazy, but the ownership is not really affected by short-term intermediate market changes,” says realtor Paul Albrighton. “It’s more of an investor community.”
Did you know?
The Olympic torch from the 2010 games continues to hold a spot of honour in Jack Poole Plaza. A whopping 12,000 runners carried the flame 45,000 kilometres to reach the Olympic cauldron at the convention centre.
Median Age of Residents: 35.9
Average Monthly Rent: $1,646
Avg. Total Household Income: $85,490
The City of Vancouver is asking for your opinion on how it regulates booze. But according to one industry insider, it's not clear if the city is really listening
Welcome to Vancouver’s first-ever neighbourhood ranking. We crunched the most vital and current livability numbers—from green space to property crime—and fed them into the calculator below. Our April 2016 issue featured our overall ranking as...
The rental market is impossible. Landlords are unsympathetic. Stratas aren't helping, and neither is TransLink. Vancouver's pets are being abandoned. But it doesn't need to be this way