A lot of people assume that Vancouver is meant for a small sliver of people. There’s this idea that you have to be laid-back and outdoorsy and love rain. That just isn’t the case. Vancouver is a big city, and its suburb of Richmond is a city where anyone, no matter who you are or what kind of life you live, can get along and thrive. It takes a village to raise a village, and you’ll find that Richmond can support anyone and everyone, from the Vancouver stereotypes to the fresh up-and-comers looking to live the way they want in Canada’s most scenic corner. Those searching for homes for sale in British Columbia would do well to look into Richmond, BC and forge their own path in the Vancouver area.
More About Richmond, BC
Located just southwest of Vancouver on an island in the Fraser River, Richmond, BC is the westernmost city of the Vancouver area and has a population of 217,000. It has a remarkable relationship with the ocean, being right on the water, and it has a proud heritage of seafaring and fishing that played a crucial role in Richmond’s past. In recent decades Richmond has taken on the reputation of a gateway to Canada, serving as the first home of many first generation Canadians arriving from all corners of the globe. Equal parts bustling city and quiet suburb, Richmond has the potential to provide the means for just about any lifestyle you want to live.
Richmond, BC Real Estate
People look for homes for sale in Richmond, BC just as avidly as they do in the rest of the Vancouver area. Following national real estate trends, the Richmond housing market has risen in the swell of increased home values that have made homeowners happy and homebuyers eager to get into the market as soon as possible. You’ll find that most single family homes for sale in Richmond, BC list for around 1-1.5 million dollars, with an average sold price of 1.2 million. That’s a 22% increase year over year, which is not nearly as spectacular as other housing markets in Canada, but more reflective of a stable market reacting healthily to nationwide trends.
Those looking for homes for sale in Richmond, BC know what they’re getting into. Once you have a house here, you won’t be riding a roller coaster of appreciation and depreciation over the next ten years. Instead, you can count on Richmond’s position close to one of Canada’s top cities to float your home’s value and keep it appreciating at a gradual healthy pace for years on end.
The homes for sale in Richmond have been standing for quite a long time. Most single family homes were built between the 60s and the 2000s, meaning that nearly all the neighbourhoods in Richmond have grown up and matured already. You can find massive luxury homes for sale with a good amount of land to boot in the 3-4 million range and modest condos for sale within the 400k-700k range. There are plenty of housing options in Richmond, BC.
Whereas just about every urban housing market in Canada is described as ‘red-hot’ ‘searing’ or some other fiery adjective, Richmond, BC is relatively modest. Homes for sale stay on the market for an average of 24 days, the housing market is balanced with single family homes making up about a third of all housing, and nearly 75% of Richmond, BC residents own their homes. In a nationwide real estate market caught in an exciting bonanza of buying and selling, Richmond, BC is a calming breath of fresh air.
Richmond, BC Average Property Prices
- Average detached house price: $1,022,000
- Average condo price: $695,00
Richmond, BC Neighbourhoods
Steveston
Steveston is a quintessential Richmond neighbourhood. It looks more like a maritime province seaside town than anything you might expect to see in British Columbia. For those looking to live around the old-time culture of Richmond, BC, Steveston is the place for you. With a fun waterfront downtown and plenty of residential housing within walking distance, life in Steveston can be as nice as anywhere else in the Vancouver area.
Golden Village
If shopping till you drop is important to you, Golden Village will be your own personal paradise. This part of Richmond, BC is known for its major shopping malls and centres. Golden Village is full of large two storey single family homes with tall hedgerows that provide a unique amount of privacy for such a big city.
Brighouse
Brighouse is for those who want to live that downtown urban life in Richmond, BC. You’ll be right in the heart of the city amidst high rise condos and all the big-c