1302 3487 Binning Rd, Vancouver, BC, MLS^® R3003804

As we step into this beautiful community, you'll notice the excellent schools that make this area a haven for families. Let's start with the University Hill Secondary School, located just 0.68 km from this property. This highly-rated school (No Rating) is a top choice for local students, and its proximity to our home makes it a convenient option for families.

For elementary school, the closest option is the esteemed Eaton Arrowsmith School, located 1.42 km from this home. This independent school also has a No Rating, but it's well-regarded for its unique approach to education.

Now, let's take a look at the safety of our community. According to Statistics Canada's 2020 report, this neighborhood has an average crime rate compared to other Canadian cities, with 7,880.54 incidents per 100,000 population. However, it's worth noting that the year-by-year change in the total crime rate is -20.79%, indicating a decrease in crime over time.

In terms of specific types of crimes, the drug crime rate is below average, with a rating of 100.11. There were 18 illegal substances lawbreaking disturbances in 2020, and the year-by-year change in the illegal substances offences ranking is -1.22%.

Property crimes in the neighborhood are above average, with a rating of 4,832.88. There were 869 property misconduct incidents in 2020, and the year-by-year change in the property misconduct rate is -29.18%.

Fortunately, violent crime rates are low in this area, with a rate of 1,012.18. This is a reassuring feature for homebuyers, especially families with children.

Now, let's talk about the demographics of our community. The neighborhood adjacent to 1302 3487 Binning Road has a high percentage of residents with a university certificate or degree, at 51.7%. This is a great indicator of a well-educated and engaged community. On the other hand, the percentage of population with no certificate or degree is low at 7.6%.

In terms of income, the median household income in this neighborhood is $39,104, which is lower than the British Columbia average. However, the median personal income is also lower at $17,984, indicating a relatively modest lifestyle for residents.

The unemployment rate in this area is 10.7%, which is above average compared to other provinces. However, this may also indicate a high demand for workers in various industries.

This home is located in a community that has experienced high population growth, with a 97.9% increase between 2011 and 2016. This is a great indicator of a thriving and dynamic neighborhood.

In terms of family dynamics, the average size of families in this area is 3, which is above average. Furthermore, 79.1% of families in this neighborhood have children, making it an excellent choice for families.

The average age of the population in this area is 33.5, which is relatively young and energetic.

Now, let's talk about the real estate context of this property. The average value of dwellings in this neighborhood is $861,809, which is high compared to other areas in British Columbia. However, the average owner payments are also high at $1,814 per month. On the other hand, tenants in this area pay an average of $1,963 per month, which is also high.

Finally, 54.3% of the population in this district are renters, which is high compared to other BC cities and areas. This may indicate a relatively affordable housing market, with many residents choosing to rent rather than buy.

In terms of transportation, 24.1% of the population in this area use public transport, which is above average. However, 41.6% of residents use cars, which is lower than average.

In conclusion, 1302 3487 Binning Road is a fantastic home in a vibrant and family-friendly community. With excellent schools, a relatively safe neighborhood, and a high percentage of educated residents, this area is an excellent choice for families and professionals alike.

Property Address: 1302 3487 Binning Road, Vancouver, BC

Neighborhood: University VW