5070 Canada Way, Burnaby, BC, MLS^® R2962094

Welcome to 5070 Canada Way, a beautiful property located in the heart of Burnaby, BC. As your trusted realtor, I'm excited to take you on a tour of this fantastic community.

First, let's talk about the schools. This home is serviced by Buckingham Elementary School, which has a stellar rating of 8.2/10. In fact, it's just 0.96 km away from your front door. Families love this area because of its excellent educational options. And if your children outgrow Buckingham Elementary, they can easily transition to Burnaby Central Secondary School, which is also nearby at 0.97 km.

But what about independent schools? If you're looking for an alternative education option, Burnaby Montessori School is just 1.38 km away, offering a rating of No Rating. And for Secondary students, Deer Lake School is a great option, located 1.45 km from your home with a No Rating.

Now, let's talk about safety. The crime data from Statistics Canada's 2020 report shows that this neighbourhood has a Below Average crime rate of 6,145.56, with 15,851 disturbances. What does this mean for you? It means you'll have peace of mind knowing that your family is living in a safe and secure community.

In terms of specific crime types, the neighbourhood has a Below Average drug crime rate of 126.78, with 327 incidents in 2020. The property crime rate is Average, with 3,691.76 incidents and 9,522 in 2020. And when it comes to violent crimes, the rate is Low at 893.28, with 2,304 incidents in 2020.

Now, let's talk about lifestyle. The closest Bus station is Eastbound Canada Way @ Sperling Ave, just 0.04 km away from your home. And if you're looking for a convenient commute, you'll appreciate the proximity to major highways.

The demographics of this neighbourhood are also worth highlighting. With 33.8% of residents holding a university certificate or degree, this is a highly educated community. In fact, it's one of the highest in BC. And with a Median Household Income of $97,719, this is a prosperous neighbourhood.

But what about affordability? The Median Personal Income is $32,858, which is Average compared to BC. And with 45.4% of households owning a mortgage, this is a relatively affordable community.

In terms of employment, the unemployment rate in this area is 6.4%, which is Below Average compared to other province neighbourhoods.

Now, let's talk about growth. Between 2011 and 2016, the population change in this area was -2.4%, which is Below Average compared to the average growth rate of the region.

Population density is also worth noting. With 1,998.3 people per square kilometre, this is an Above Average density.

Family dynamics are also an important consideration. The average family size in this area is 3, which is Above Average compared to the whole region. And with 67.2% of families having children, this is a family-friendly community.

Finally, let's talk about transportation. 19% of the population uses Public Transport, which is Above Average. 75.6% of residents use Cars, which is Below Average. 1.2% use Bicycles, which is Average. And 3% walk, which is Below Average.

In terms of real estate, the average value of dwellings in this neighbourhood is $1,905,544, which is High compared to other areas in BC. And with Average Owner payments of $1,903 and Tenants paying $1,456, this is a relatively expensive community.

Lastly, 20.6% of the population in this area are Renters, which is Average compared to other BC cities and areas.

In summary, 5070 Canada Way is a fantastic property located in a safe, secure, and prosperous community. With excellent educational options, a low crime rate, and a high level of education, this is an ideal place to call home.

As your trusted realtor, I'm excited to help you navigate the complexities of buying or selling a home in this area. Contact me today to learn more about this property and the surrounding community.

MLS^® R2962094