Recently I had a Point Grey listing and the number one or two question I got was " whats the school catchment?"
This interests me, that our real estate market could be dictated by a school catchment.
When I think about West Vancouver where I live , its the same - especially for Elementary schools. We have a " choice " school system and catchment plays a big roll when everyone wants into your school. But, SERIOUSLY, is one elementary school really that much better than another to warrant a few G's difference- or a few hundred G 's? My bet is its not just the Teachers, or the Principal, that make a certain school desireable. The school is heavily dictated by the Province with Provincial criteria. What we are really putting money on is the fellow kids our kids will go to school with and be friends with.
My parents grew up in a society where my mothers dates were asked " what does your father do?" When I was young and heard about it I thought that was offside and yet, now we dont ask that , but I think people just try and put kids in an enviroment with other high achieving parents kids. It sounds offside, but I can speak from experience its been a great ride for me.
I imigrated in 1979 with a single mother. My sister and I entered a West Van High School, living in West Bay.
We paid a phenomenal price , at that time, $ 148k for the cottage. I crossed catchment to go to a school of a friend who immigrated the same year and I met and befriended alot of new friends. About a dozen or more of those would stay my lifelong friends, I see them regularly and share a close bond that is both frustrating and bewildering to my husband .
These friends , men and women, have all been high acheivers from early on ( ok lets eliminate a few high school years there) and have been an incredible resource for me . In our group of friends there is a life coach when times are tough, numerous CEO 's of International busineses that have helped me make decisions, VP's of marketing, and even manufacturers of goods that I have been able to buy at a great price. I know the fact that we are all still so close is very unique. But it has been a wonderful bond in both friendship and business.
I can run marketing ideas, spending and tax thoughts, marital frustrations, ( hardly ever honey... dont worry ) and even when I have been asked for speaking engagements I have run my speech by them first for feedback. Many of them are known enough that if I mentioned them ,you might know of whom I speak. How wonderful is that ? That I can call them anytime and ask them what they would do in any given situation?
Nature vs Nurture aside, these friends were raised very goal oriented. My whole school community was. Is it any wonder that coincedentally I moved back here after 18 yrs of living in the Downtown Eastside. At the time I didnt think of why, it was just that opportunity called- as I mentioned in previous blogs, but now I wonder if i innately knew this was where my kids had the best life long opportunity.Did I want for them to have friends like I did?
Life and society are very different now. But I do see the wave of new immigrants wanting to put their kids in" the best " schools where other high acheiving students go. Hence the pockets of Vancouver West and the North Shore that see the rise in property value following the natural supply/demand cycle. This is becoming a concern as people are spending above what they can afford to get their kids in these neighborhoods. We need to address this issue and offer choice programs everywhere or create more housing options to allow for people to move in.
Laneway housing might help ease some of this as the 2 bedroom models are great for young families starting out with Elementary age kids. West Vancouver sees the need as well and on November 18th will draft Policy followed by community feedback. Eventually our
" choice" school system will spread out these pockets and we will move close to schools that carry the programs our kids need and want. Many schools have added French Immersion programs, and others now are following the IB ( International Baccalaureate) program.
I wonder what would happen if the choice programs became available in areas that were depressed as far as real estate prices go?. Would it make a difference?
I think I would put my money on my theory above-that Its not about the school as much as the kids that go to it.