The Demographics of Canonbury’s Population

Canonbury, located in the London Borough of Islington, is a desirable area known for its picturesque streets lined with elegant Georgian and Victorian houses. The area boasts several parks, independent shops, cafes, and restaurants. If you are considering investing in a buy-to-let property in Canonbury, it is crucial to understand the area’s population and the key factors that impact it. In this blog post, we will explore the population size, age, employment rate, education level, volume of renters versus homeowners, and crime rate in Canonbury to help you make an informed decision.

Population Size and Growth

Canonbury’s population is approximately 14,000, and it is steadily growing. According to the Office for National Statistics (ONS), between 2011 and 2020, the population of Canonbury increased by 8.4%. This growth rate is higher than the average growth rate for London boroughs, which is 6.3%. The population density of Canonbury is relatively high, with approximately 85 people per hectare, compared to the average of 45 people per hectare for London.

Age of the Population

Canonbury’s population is relatively young, with a median age of 36 years. This is lower than the UK’s median age, which is 40 years. Approximately 45% of Canonbury’s population is aged between 20 and 39 years old, indicating a high proportion of young professionals and university students. However, there is also a growing number of families living in the area, attracted by the excellent schools and parks.

Employment Rate

Canonbury’s employment rate is relatively high, with approximately 75% of the population in work. This is on par with the average employment rate for London, which is 75%. The most common industries in Canonbury are professional, scientific, and technical activities, followed by information and communication.

Education Level

Canonbury has a highly educated population, with approximately 62% of residents holding a degree or equivalent qualification. This is higher than the UK average, which is 38%. The area is home to several top-rated primary and secondary schools, including Canonbury Primary School and St. Mary Magdalene Academy. Additionally, there are several higher education institutions in the vicinity, including City, University of London and London Metropolitan University. There are also a growing number of university students living in Canonbury, attracted by the area’s proximity to the universities and the excellent transport links.

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Volume of Renters versus Homeowners

Canonbury has a high proportion of renters, with approximately 54% of properties rented, compared to the UK average of 49%. This is partly due to the high property prices, which make it difficult for first-time buyers to get onto the property ladder. However, Canonbury also has a growing number of young professionals and students who prefer the flexibility of renting. The high demand for rental properties in the area makes it an attractive location for buy-to-let investors.

Crime Rate

Canonbury has a relatively low crime rate compared to the rest of London. According to the Metropolitan Police, the crime rate in Canonbury is 77 crimes per 1000 people, which is higher than the London average of 35 crimes per 1000 people. The most common types of crime in the area are theft and burglary. However, Canonbury has a strong sense of community, with active neighbourhood watch groups and a dedicated local police team, making it a safe place to live.

In conclusion, Canonbury is a vibrant and growing area with a young and highly educated population. The high employment rate and proximity to top-rated schools and universities make it an attractive location for young professionals and families. Despite the high population density, Canonbury has a relatively low crime rate and a strong sense of community.