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Richmond Real Estate Value Statistics

Get statistics, sold listings, values and more in Richmond.

As of March, 2019, there are 1732properties for sale, with an average of$1,511,580. Last Month 83properties were sold, for 75below list price, 4above list price.

Richmond is a unique coastal city situated on a group of 17 islands nested in the mouth of the Fraser River. It is part of the Regional District of Metro Vancouver together with Burnaby, New Westminster, Delta and Vancouver as its neighbouring communities. Richmond is considered as a multicultural city providing home for Asian immigrants that represent approximately sixty percent of Richmond's population.

Richmond Market Summary

There are currently  properties for sale on the market in Richmond, with a price range of $ -$

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Demographics

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198,309Population
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85.4 yearsLife Expectancy
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57.1 %Employment Rate
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5.9 %Unemployment Rate
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$77,881.00 Average Household Income
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Neighbourhoods

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Information

history

Prior to the arrival of Europeans settlers, the First Nations people particularly the Coast Salish bands inhabited the area and set up temporary camps to collect berries and catch salmon for a living. In 1860s, European farmers then arrived to the area and starts growing crops that includes grain, vegetables and berries. Fishing industries emerge as a major industry in early 1880s and the abundance of fisheries brought many fishing fleets to the town. By 1890s, nearly 50 canneries was built in Richmond while boat building industries thrived too. After WWII, large numbers of Asian immigrants, particularly from China and Hong Kong moved to Richmond. To accomodate the growing population, farmland was converted to residential area and the community started to focused on retail developments. The towship of Richmond was incorporated on November 10, 1879. It was on December 3, 1990 that Richmond was officially designated as a city. The long dramatic history shaped the city of Richmond to what it is today. As of 2016, the City of Richmond has a land area of 129.27 km² and a population of 198,309. (Statistics Canada, 2016 Census of Population)

lifestyle

Among the cities in Metro Vancouver, Richmond stands out and attracts visitors because of its rich culture and history. The community offers its visitors unique and authentic experience, from number of historic and heritage sites to multicultural shopping and dining opportunities, Richmond has it all. Residents and visitors alike enjoy the multicultural and diverse community of Richmond. Shopping and dining in the Golden Area are one of the popular experiences in the city. Three Asian-themed malls are located in the area that showcase variety of products like specialty stores stock tea, health food, and jewelry items. Residents and visitors will never run out of choices due to the city's vibrant and diverse dining options. From Asian food serves at several Asian restaurants in the Golden Village to West Coast cuisine in Stevenson, eating in Richmond is like travelling the world. During late spring through summer months, two Asian night markets offer variety of snacks and street foods through hundreds of food stalls and retail vendors. There is also live entertainment to add fun for thousands of shoppers to enjoy.

culture

One of the city's historical sites are the Gulf of Georgia Cannery National Historic Site. This facility is one of the few remaining 19th salmon canneries in BC and now serves as a museum that hosts exhibits and guided tours to people who wants to learn stories about Canada's West Coast fishing industry. Another historic site one should visit is the Britannia Heritage Shipyard. The shipyard displays authentic representation of 1800s canneries, boatyards, residences and stores that tell the stories of the residents and workers in the late 19th century. Other Richmond's cultural sites includes Steveston's Japanese-Canadian Cultural Centre, Steveston's London Heritage Farm, and Steveston Museum & Visitor Centre. Furthermore, the city of Richmond celebrates number of festivals and events throughout the year. It includes the annual Steveston Salmon Festival and Richmond Maritime Festival, Whale Watching, Culture Days, Richmond World Festival, and Canneries Farmers' Market to name a few.

climate

Richmond enjoy a temperate west coast climate like most of the cities in Metro Vancouver region. Summers are usually mild to warm, and unlike other parts of Canada, Richmond gets little or no snow during winters. Richmond experience an average annual rainfall of 111cm/44in, 30% less than Vancouver's. It is advised that visitors go with the layered look, so that they can add or remove layers as needed because weather conditions can change quickly.

education

The School District 38 Richmond administered the public schools located in the city of Richmond. The school district operates 48 schools comprised of 38 elementary schools and 10 secondary schools. Richmond school district also managed the Richmond Virtual School, an alternative school that provides grade 10-12 students a combination of full-credit online courses and face-to-face meetings. It is more of a personalized education that are designed to challenge students to explore their passion and personal abilities while connecting to the community. Post-secondary instituitions located in the city includes Kwantlen Polytechnic University (KPU) and Sprott Shaw College (SSC) which both has a campus in Richmond. KPU offers programs for fashion and design, as well as business courses together with more than 100 programs. The Aerospace Technology Campus (ATC) of British Columbia Institute of Technology (BCIT) is also located in Richmond near the Vancouver International Airport (YVR). ATC offers programs for aerospace technology as well as commercial pilot training and airport operations training program for those pursuing a career in airport management.

health care

Richmond Hospital (RH) is a medical facility located in the city of Richmond, British Columbia. Richmond hospital provides extensive range of health care services that includes 24-hour emergency care, surgical services, cancer care and treatments, and a state-of-the-art medical imaging services. RH also serves as the headquarter of the Canadian Hemochromatosis Society which is known internationally. The hospital is operated by the Vancouver Coastal Health Authority along with other health care facilities in Vancouver, North and West Vancouver as well as BC's coastal regions.

transportation

The Vancouver International Airport (YVR) located on the Sea Island, north of Lulu Island, is the second busiest airport in Canada. It provides non-stop daily flights to Asia, Europe, Oceania, USA, Mexico and other airports within Canada. The airport receives several notable international best airport awards and selected as Skytrax World Airport Awards Best Airport in North America for nine consecutive years (2010-2018). Translink provides the public transit system in Metro Vancouver and has bus and rail lines connecting Richmond to nearby communities like Downtown Vancouver, Surrey, New Westminster, Burnaby and Delta. SkyTrain also has a rail line that connects both Richmond Centre and the airport to Downtown Vancouver. N10 Nightbus provides 24/7 bus service from Downtown Vancouver to most parts of Burnaby, New Westminster, Port Moody, Coquitlam, Richmond, Surrey and North Vancouver.

economy

Richmond maintains its competitive business environment by strategically focusing on Richmond’s business and employment base. Currently, Richmond is popular as a leading centre in the region for high-technology companies including Norsat and Sierra Wireless. Agriculture is also one of the leading industries in the city, out of 4,916 hectares of farmland, 3,012 hectares were used to grow crops, mainly cranberries and blueberries. Shopping malls also boost the economy of Richmond and serves as a tourist spot to many visitors coming to the city. Most of these Chinese-oriented malls are located along No. 3 Road from Alderbridge Way to Capstan Way, commonly known as the "Golden Village". Other key sectors that brought jobs and economic opportunities includes airport services and aviation, services, retailing, tourism, light manufacturing and fishing.

employment

The city's employment rate reached 57.1% on 2016 Census, while the City of Rchmond's average household income is $77,881, 0.4% lower compare to $78,227 of BC based on CensusPlus, 2011.

recreation

To improve the quality of life and to create a healthy active community, Richmond offers unparalleled access to recreational programs and services through several modern facilities and recreational places located within the city. Richmond has 145 parks that provides sports and recreation amenities in every neighbourhood. The city also has a 73 kilometres of trails and 60 kilometres of bike lanes that are perfect to enjoy hiking and biking. Richmond Aquatic Services provides facilities that includes two indoor pools and two outdoor seasonal pools. Richmond Arena Services operates both Minoru Arena and Richmond Ice Centre which both offer ice, dry floor and boardroom rentals. Furthermore, several community centres are located within the city to provide space for meetings, birthday parties, events and more.

sports

Richmond is the home of over 100 sports and tournament fields and a number of sports leagues including Richmond Sockeyes Junior B hockey team, Richmond Budgies Senior Men's Baseball Club, short track speed skating club Richmond Rockets and Richmond Rugby Football Club. Richmond FC administered multiple soccer teams of different skill levels while Kigoos and Richmond Rapids are the two simming clubs based in Richmond, BC. Having premier facilities for sport and recreational activities, it is not surprising that Richmond was chosen as the venue for the Olympic Speed Skating Championship for the 2010 Winter Games in Vancouver. Other than that, Richmond hosted numerous aquatic, ice, track and field, gymnasium and equestrian sports events each year taking advantage of the emerging sport tourism market. Richmond played host to several National Hockey League players including Scott Hannan, Brent Seabrook, and Troy Stecher. Some of Richmond's notable athletes are Evan Dunfee, Kyle Hamilton, Chris Haslam, Brian Johns, Jason Jordan, Alexa Loo, James Paxton, Angus Reid, and Bobby Singh.

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