Canada’s national median home listing price this month is $290,900, which means that Richmond is in the top 20% for Canada.

While the median for British Columbia is $519,000 , which means that Richmond’s median price is $998,000 considerably better than the rest of the province.

How big are the houses being sold in Richmond? This month there are 5 one bedroom 46 two bedroom 222 three bedroom 146 four bedroom 61 five bedroom homes on the market.

According to our stats, Richmond is the neighbourhood that has the 7th most properties available to real estate investors in British Columbia.

It’s never an exact art, but to try to forecast how property is going to appreciate in Richmond for investors, it’s important to look at data like:

It’s always hard to tell what property prices will do over the coming months, but over the last three months the properties available for purchase in Richmond have dried up which would tend to indicate that demand is higher than the supply of new properties.