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Invest in Richmond

Condo Median List Price Per SQFT $ 742
FROM PURCHASE TO PROFIT

Available Projects In Richmond

About Richmond

  • Richmond is a coastal city in the Lower Mainland region of British Columbia and a member municipality of the Metro Vancouver Regional District. Richmond is composed of 8 local neighbourhoods: Sea Island, City Centre, Thompson, West Richmond, Steveston, South Arm, East Richmond, and Hamilton.
  • As of 2016, the city has an estimated population of 198,309 people with 60% being immigrants: the highest proportion of immigrants in Canada.
  • Median Price 1 bedroom or fewer apartment: $529,900
  • Median rental rate 1 bedroom apartment: $1,313

    Highlights

    • Building in Richmond reached a construction value of $717 million in 2020, excluding the value of approvals and anticipated permits which exceeded $900 million

      Why Invest in Richmond

      There are 38 new home developments in Richmond, a mix of high-rise and low-rise that are planned, under construction, or recently completed. Of these, 26 are condo developments, with 3227 units currently under construction. There are 11 townhouse developments and 1 single-family home development in Richmond, and the median price per square foot for a low-rise home is $723.

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      Richmond By Numbers

      Rental Rate Increase % 2016 2020
      Median Price 1 bedroom Increase % 2016 2020

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