Yaletown Neighborhood in Vancouver BC
Yaletown is found within the city of Vancouver in the downtown area. This residential neighborhood with trendy condos is bordered to the west by Homer Streets together with Robson and False Creek. Beatty street lies to the east, with Drake street to the south and to the north of Yaletown is Smithe street. Old warehouses in this location were renovated to high rise homes as a way of meeting the increased demand for homes in this neighborhood over the last decade. Yaletown is accessible from all bridges going into the downtown area and Yaletown can also be accessed from the Granville Island through a ferry.
Having been an industrial area, it is common to find industries and rail yards in addition to warehouses within this neighborhood. In order to meet housing demands for both commercial and residential use, warehouses and heritage buildings featured in Yaletown were renovated. The commencement of development in this neighborhood occurred in the early 1880s when the railway line of the Canadian Pacific corporation was built across it. With the arrival of the railway line, scores of people began to live around the rail yards. The fact that False Creek borders this area also played a role in its development as an industrial area. Just before the city of Vancouver bought this neighborhood, it was already experiencing a boom in its real estate market; this was sometime in the 20th century.
Education in Yaletown
In 1975, the Elsie Roy elementary school, was constructed as the first school in this neighborhood to ease access to education. Nonnative residents of Yaletown such as the Chinese who continue to stream into the district can learn the English language in any of the language schools found within this neighborhood.
Demographics of Residents
With a population of about 11,600, the average age and annual household income of residents of Yaletown is 37 years and $70,870 respectively. This is home to the rich (that live in penthouses), the poor (also known as empty-nesters), families and entry level professionals of 20-40 age group.