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