Photo: Unsplash
Photo: Unsplash
Where the rentals are, and what kind of rentals they are.
Towers along No. 3 Road around Richmond Centre, Lansdowne and Aberdeen, all on the Canada Line.
The historic fishing village at the island’s southwest corner: houses, townhouses and low-rise apartments near the water.
Quieter neighbourhoods in the northwest, mostly houses and townhouses near the West Dyke Trail.
Central Richmond: established houses, many with a suite, and townhouse complexes.
City Centre is mostly condo towers rented out by their owners, plus some purpose-built rental buildings. Elsewhere it’s townhouses and houses — many with a suite — which rent quite differently from a tower unit of the same size.
Along No. 3 Road we can usually find listings in the same building. For a townhouse or a suite in a house, comparables are fewer and the range is wider.
Same method everywhere — comparables first, adjusted for size, and you see every one. How we estimate →
Richmond follows B.C.’s Residential Tenancy Act, like everywhere else in the province: rent on an existing tenancy can go up once every 12 months, with written notice on the official form, by no more than the yearly maximum the province sets. Between tenants there’s no cap — a landlord can set a new rent.
Check the current B.C. rules →
Photos: Unsplash; Coquitlam by John Shorten, CC BY 4.0, cropped.
All of Metro Vancouver →