Photo: Canuckle · CC042% of Richmond’s homes are apartments, against 12% for British Columbia’s towns
The 2021 census put the median home at $990,000, with an average of $1,178,000. The values date from May 2021 and are what owners thought their homes were worth, not sale prices. The median sale in 2023 was $930,000, across 4,775 buyers.
What Richmond’s homes are worth, three ways
Three sources, each set against British Columbia’s towns only: provinces measure value differently, so they don’t line up across borders.
median, owners’ estimate
- Average
- $1.18M
- Owners
- 57,755
- British Columbia’s towns
- $720K
- The typical Canadian town
- $406K
median sale price
- Average sale
- $1.17M
- ÷ buyers’ income
- 9.8×
- Buyers
- 4,775
- British Columbia’s towns
- $682K
all residential
- British Columbia’s towns
- $671K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
On the assessment roll, Richmond’s houses sit at 2.5 times British Columbia’s towns
Assessors listed 78,825 residential properties in Richmond for 2024, 43% of them condos.
Median assessment by type, 2024 the tick is the median of British Columbia’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of British Columbia’s towns with their own figure; assessments compare within a province only.
43% of Richmond’s homes are condos, where British Columbia’s towns have 10%
The 2021 census counted 81,080 occupied homes in Richmond. Half or more were standing by 2000.
Homes by period of construction the tick is the median of British Columbia’s towns
Homes by kind
| Richmond | British Columbia | Canada | |
|---|---|---|---|
| Condominiums | 43% | 10% | 8% |
| Needing major repairs | 5% | 6% | 6% |
| Too small for the household | 8% | 4% | 3% |
| Households in core housing need | 20% | 10% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
Building at the pace of British Columbia’s towns: 19.6 new homes a year per 1,000 in Richmond, against 18.1
Over 2018–2023, 9,771 homes were permitted in Richmond, close to 1,629 each year. Only 7% went into single-unit buildings, beside 27% for British Columbia’s towns. Nobody publishes monthly permits for Richmond alone, so this card uses the figure for the Vancouver metro area.
The busiest year: 2019, with 2,350 new homes
New homes a year per 1,000 homes
Slowing: 26,358 new homes in the 12 months to August 2026, 11% fewer
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021.
Richmond against British Columbia’s towns: 38% over the $720,000 median
254 of British Columbia’s towns (2,500 people or more), by median value at the 2021 census, dearest first.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Home values around Richmond
Next to Richmond: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Richmond | $990K | $1.18M | 71% | |
| Marpole | $1.8M | $1.81M | 41% | 6 |
| Oakridge | $2.9M | $2.76M | 57% | 7.8 |
| Sunset | $1.7M | $1.76M | 51% | 7.8 |
| Kerrisdale | $3.02M | $3.38M | 59% | 8 |
| Victoria-Fraserview | $1.7M | $1.68M | 59% | 8.7 |
| Musqueam 2 | – | – | 50% | 9.3 |
Census 2021 values; km.
Questions about property prices in Richmond
What is the average house price in Richmond?
The average sale was $1,170,000 in 2023, and at the median, buyers paid 9.8 times their income.
How many households in Richmond are in core housing need?
20% of Richmond’s households, above the 10% of British Columbia’s towns, live in a home that is unaffordable, crowded or in poor repair, with no acceptable one nearby they could afford.
Is Richmond expensive for British Columbia?
More than most: British Columbia’s towns have a median of $720,000, and Richmond sits above it.
Can I see individual sales or prices by street?
Not here: individual sales sit with provincial registries and aren’t open, so the published figures are town medians and averages.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).