Posh Vancouver streets among wealthiest in Canada

British Columbia’s Jones family – if you can afford to keep up with them – are either living in West Vancouver or Vancouver’s Shaughnessy neighbourhood.

A new report by research firm Environics Analytics provides detailed snapshots of the five richest neighbourhoods and streets in each Canadian province. In B.C., four of the top five streets were in Shaughnessy.

Environics used data from both governmental and private research groups across Canada to determine net worth, income, lifestyle, home value, debt, voting preferences, and even consumption of expensive wines.

Of all of the neighbourhoods that made the list nationally, Vancouver households had the highest debt; however it only represented about 10 per cent of their total assets.

West Vancouver’s Altamont residents had much less debt than their Shaughnessy neighbours at $385,000 to $700,000, respectively.

Because of this, Altamont came in 10th place nationally and clinched B.C.’s richest neighbourhood. The streets within the tony Shaughnessy neighbourhood, including Cypress Crescent, West 28th Avenue, Beverly and Cedar crescents followed in 11th, 21st, 28th and 36th places, respectively.

The average net worth per household in Altamont was just over $7-million, while the average income was $353,634.

As for voting, a staggering 74 per cent of residents voted Conservative federally. The neighbourhood also took a combined 105 trips to Europe over the past year, and consumed 39 bottles of champagne in the past month.

Houses in the area range in worth from $1.6-million to $16.9-million, according to North Shore Realty.

Around Cypress Crescent, the average household net worth was more than $7.3-million, average income was $177,340, and disposable income was about $126,255 annually.

Collectively, the residents attended the symphony, ballet or opera 101 times over the past year – and drank 110 bottles of imported wine last month.

The richest neighbourhood in Canada was awarded to Bridle Path in Toronto due to its low debt versus asset ratio. The net household worth on average is nearly $13-million. Charlottetown’s Spring Park neighbourhood came in last out of 50.

On a global scale, the average household wealth in 2011 was $51,078 according to the Organization for Economic Co-Operation and Development.