902 550 Eighth St, New Westminster, BC, MLS^® R3035827

Welcome to this charming community in New Westminster, BC! I'm thrilled to take you on a tour of the area surrounding 902 550 Eighth Street, a beautiful property listed as MLS^® R3035827. Let's start with the educational institutions that make this neighborhood so special.

As we walk through the streets, you'll notice that Lord Kelvin Elementary School is just a short 0.46 km away from this home. With a rating of 5.2/10, this school is a great option for families seeking quality education in the area. If you're looking for an independent school, Our Lady of Mercy School is just 1 km away, boasting a stellar rating of 10/10.

Now, let's talk about the safety and security of the neighborhood. According to the 2020 crime statistics from Statistics Canada, this area has an overall crime rate of 6,761.11, which is considered Average compared to other Canadian cities. In fact, the year-by-year change in the total crime rate is a notable -10.42%. You can feel at ease knowing that the crime rate is on a downward trend.

When it comes to drug-related crimes, the area surrounding MLS^® R3035827 is Below Average, with a rating of 134.4. There were 111 illegal substances lawbreaking disturbances in the area in 2020, and the year-by-year change in the illegal substances offences ranking is a respectable -5.34%. This indicates a strong commitment to maintaining a safe and secure environment.

As we explore the neighborhood, you'll notice that property crimes are Average, with a rating of 3,807.97. There were 3,145 property misconduct incidents in the area in 2020, and the year-by-year change in the property misconduct rate is a commendable -11.79%. This shows that the community is actively working to reduce property-related crimes.

Now, let's discuss the transportation options in the area. The closest Bus station is Westbound Sixth Ave @ Eighth St, just 0.05 km away from this property. You'll find it convenient to travel around the city and access various amenities.

Moving on to the demographics of the neighborhood, you'll notice that 26.1% of the population holds a university certificate or degree, which is Above Average in comparison to other BC neighborhoods. On the other hand, 13.6% of the population has no certificate or degree, which is Below Average compared to the average in BC.

In terms of household income, the median household income near this dwelling is $48,474, which is Low compared to the British Columbia average. The median personal income is $30,674, which is also Below Average in comparison to the BC average. However, 58.9% of households in this census subdivision have a mortgage, which is Average.

Unemployment rates in the area are Low, standing at 5.3%. This is a great indicator of the neighborhood's economic stability. Population growth in the area is also notable, with a 2.7% increase between 2011 and 2016, which is Above Average in comparison to the average growth rate of this region.

As we explore the community, you'll notice that the population density per square kilometer is 7,617.7, which is High. The average size of families in the area is 2.7, which is Below Average in comparison to the whole region. However, 56.1% of families in the area have children, which is Average.

The average age of the population is 41.3, which is Average in comparison to other BC cities. In terms of dwellings, the average value of homes in this neighborhood is $755,478, which is High compared to other areas in British Columbia.

As a homeowner, you can expect to pay Above Average owner payments, with an average of $1,505 spent on the dwelling. On the other hand, tenants in the area pay an Average of $983.

Interestingly, 70.5% of the population in this area are renters, which is High compared to other BC cities and areas. Language-wise, 8.6% of the population speaks English and French, which is Average. Meanwhile, 89.2% of the population speaks English only, which is also Average.

Finally, let's talk about transportation preferences in the area. A notable 33.7% of the population uses public transportation, which is High. On the other hand, 59.7% of the population uses cars, which is Low. 0.9% of people use bicycles, which is Average, and 4.8% of the population walks, which is also Average.

As you cansee, the community surrounding 902 550 Eighth Street, New Westminster, BC MLS^® R3035827 is a vibrant and diverse area with a strong sense of