Where to buy real estate in 2019: Richmond, Delta and Tsawwassen, B.C. - MoneySense

Where to buy real estate in 2019: Richmond, Delta and Tsawwassen, B.C.

If you don’t mind being close to the airport, our top regional pick boasts 140 hectares of protected ecological land with two beaches.

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Rank Neighbourhood Area Average home price (2017) Value Momentum Average price vs. area Avg. price vs. metro district Avg. price vs. outer region 1-year price change 5-year price change Final Star Rating
1 Sea Island Richmond $1,365,000 86.05 94.19 69.2% 73.80% 64.6% 43.09% 112.9% ★★★★
2 Bridgeport RI Richmond $1,304,762 80.23 76.74 75.8% 80.90% 70.8% 3.72% 95.4% ★★★½
3 Steveston South Richmond $1,539,000 65.7 68.02 85.5% 91.20% 79.9% 9.37% 75.2% ★★★½
4 Steveston North Richmond $1,475,000 56.4 79.07 91.2% 97.20% 85.2% 8.53% 88.3% ★★★½
5 South Arm Richmond $1,460,000 47.67 90.12 96.8% 103.30% 90.4% 9.02% 99.6% ★★★½
6 West Cambie Richmond $1,465,000 74.42 73.26 80.8% 86.20% 75.5% 15.86% 78.5% ★★★½
7 Steveston Village Richmond $1,430,000 68.02 49.42 85.4% 91.10% 79.8% 5.14% 58.9% ★★★½
8 Ironwood Richmond $1,300,000 83.72 54.65 75.2% 80.30% 70.3% 3.89% 63.0% ★★★½
9 Westham Island Delta $193,125 100 44.19 32.5% 30.60% 16.1% -90.88% 94.7% ★★★½
10 Hamilton RI Richmond $1,636,000 94.19 52.33 58.9% 62.80% 55.0% 16.51% 52.7% ★★★
11 McNair Richmond $1,415,000 72.09 56.4 82.3% 87.80% 76.9% 2.22% 66.6% ★★★
12 Tsawwassen East Tsawwassen $1,312,500 45.35 76.16 111.4% 88.10% 77.1% 3.00% 84.6% ★★★
13 Beach Grove Tsawwassen $1,187,608 76.74 51.74 90.1% 70.00% 61.3% -2.80% 80.7% ★★★½
14 Ladner Elementary Delta $1,050,750 50 59.88 107.9% 101.40% 53.6% -2.06% 71.0% ★★★
15 Pebble Hill Tsawwassen $1,282,554 61.63 58.14 102.7% 80.40% 70.4% 0.99% 67.4% ★★★
16 East Cambie Richmond $1,251,000 77.91 36.05 76.4% 81.50% 71.4% 5.05% 54.5% ★★★
17 Tsawwassen Central Tsawwassen $1,245,402 73.26 53.49 91.1% 73.00% 63.9% -0.48% 69.1% ★★★
18 Cliff Drive Tsawwassen $1,155,446 93.6 23.26 44.0% 68.20% 59.7% -10.35% 60.4% ★★★
19 Boyd Park Richmond $1,530,000 34.88 73.84 102.8% 109.60% 96.0% 6.60% 96.8% ★★★
20 Boundary Beach Tsawwassen $1,254,967 84.88 8.14 77.7% 69.60% 61.0% -25.78% 45.4% ★★★
21 Saunders Richmond $1,657,500 39.53 47.67 102.7% 109.60% 95.9% -1.00% 71.0% ★★★
22 Gilmore Richmond $1,950,000 2.33 100 392.3% 418.50% 366.5% 93.16% 268.1% ★★★
23 Brighouse South Richmond $2,040,000 52.91 47.09 91.9% 98.00% 85.8% 65.46% -13.2% ★★★
24 Seafair Richmond $2,000,000 21.51 75 114.4% 122.00% 106.8% 9.45% 79.2% ★★★
25 Delta Manor Delta $970,000 46.51 53.49 111.0% 104.40% 55.1% 10.64% 64.3% ★★★
26 Woodwards Richmond $1,598,000 59.88 32.56 91.1% 97.20% 85.1% 1.05% 61.0% ★★½
27 Westwind Richmond $1,682,500 43.02 49.42 101.2% 108.00% 94.6% -2.74% 68.1% ★★½
28 Holly Delta $1,015,000 52.33 38.95 107.2% 100.80% 53.2% 2.55% 58.3% ★★½
29 Hawthorne Delta $1,010,000 34.88 41.28 122.5% 115.20% 60.8% -1.75% 62.4% ★★½
30 Port Guichon Delta $846,500 70.35 14.53 94.6% 88.90% 46.9% -8.44% 38.5% ★★½
31 Ladner Rural Delta $960,000 12.21 77.33 186.3% 175.20% 92.5% -7.70% 155.4% ★★½
32 Garden City Richmond $1,762,500 63.37 12.21 89.9% 95.80% 83.9% -13.40% 50.3% ★★½
33 Quilchena RI Richmond $1,799,500 37.21 54.07 102.8% 109.60% 96.0% -0.86% 74.9% ★★½
34 McLennan North Richmond $1,901,500 19.19 64.53 117.9% 125.80% 110.2% 0.17% 91.6% ★★½
35 Granville Richmond $2,030,000 11.05 59.3 127.2% 135.60% 118.8% 11.25% 66.4% ★★½
36 Riverdale RI Richmond $1,850,000 16.86 48.84 119.2% 127.20% 111.4% -6.87% 71.7% ★★½
37 Neilsen Grove Delta $969,000 55.81 9.88 106.7% 100.40% 53.0% -15.85% 43.8% ★★½
38 Lackner Richmond $1,860,000 31.4 39.53 107.0% 114.10% 99.9% -5.19% 69.0% ★★
39 East Richmond Richmond $2,979,444 6.4 69.77 139.2% 148.50% 130.1% 0.22% 71.8% ★★
40 Broadmoor Richmond $2,300,000 8.72 28.49 129.4% 138.00% 120.9% -3.20% 58.5% ★★
41 English Bluff Tsawwassen $1,676,778 50.58 13.37 100.0% 97.60% 85.5% -9.66% 50.6% ★★
42 McLennan Richmond $1,812,500 13.37 26.16 125.6% 134.00% 117.3% -8.59% 61.5% ★★
43 Terra Nova Richmond $1,962,500 23.84 17.44 113.3% 120.90% 105.9% -1.23% 41.2% ★★
Value
Measures how affordable the neighbourhood is compared to the surrounding area and the region overall
Momentum
Measures how quickly prices are appreciating in this neighbourhood, with an emphasis on long term appreciation

For more, please see our complete methodology

Top 3 neighbourhoods to buy

1. Sea Island, Richmond

This year, Sea Island in Richmond, B.C., ranked an impressive No. 3 across Greater Vancouver. For buyers familiar with Richmond, it may be hard to imagine living in this top-rated spot; Sea Island is best known as the location of Vancouver International Airport—a bustling hub for domestic and international passenger travel, as well as commercial global shipping.

Still, residents of Sea Island know the area offers more than the airport, parking lots and the McArthurGlen Designer Outlet mall (populated with luxury or higher-end stores to attract shoppers from the mainland as well as tourists with money). In fact, it’s a strong-knit community that offers access to 140.1 hectares of protected ecological land, including two beaches.

Within Sea Island sits Burkeville, where you’ll find just over 730 permanent residents. There’s a small northern section of the island where the Musqueam Indian Band live.

While some newer homes in this area have been built where older, cottage-like homes once stood, very little else has changed in the community. This offers an old-world charm.

The homes sell for more than 30% less than the average-priced home in surrounding Richmond, B.C., communities. When compared to all of Richmond, homes on Sea Island are priced, on average, more than 26% less, and 45% less when compared with the average across Greater Vancouver.

The area doesn’t get top marks from Realtors, however, because there isn’t much room for change or advancement; the only real option is to purchase an older cottage-style home and then to modernize or teardown and rebuild. Still, for those who work in downtown Vancouver or want a short commute to surrounding areas, Sea Island offers exceptional car-commuter access to main thoroughfares, as well as excellent access to public transit options.

2. Bridgeport, Richmond

Just across from Sea Island on the other side of the Fraser River is our No. 2-ranked spot. Like others on our list, Bridgeport is dominated by a thriving commercial sector—it’s where you’ll find Costco as well as the popular, and now infamous, River Rock Casino.

Residents who live in Bridgeport must like the busy, urban life offered by Richmond. Not only are they surrounded by stores and other urban amenities, they have easy access to the popular weekly Richmond Night Market—it’s the largest night market in North America and, since its inception in 2007, has become an international sensation, attracting more than 1 million visitors each year.

The move towards commercial development will be even greater in the future. The City of Richmond’s master plan does not allow for any new residential builds in this community, but it is promoting the redevelopment of under-utilized land for commercial and business purposes. For instance, the City approved a plan by Chunghwa Investment that proposes a new commercial development on a large parcel of land just east of Costco and the Oak Street Bridge. This new business hub includes four mid-rise buildings, which will offer two office buildings as well as two hotels operated by Marriott International.

For current residents or those choosing to remain really, really close to the main urban centre for Richmond, this neighbourhood is a prime location. Better still, homes in this community sell for just under 25% less than surrounding neighbourhoods, 19% less than the average house price for Richmond, and 29% less than the average for Greater Vancouver.

3. Steveston South, Richmond

On the southwestern tip of the island is Steveston Village, which has a working harbour and could be considered the heart of Steveston South. As a well-established community, Steveston South offers that small-town feel inside a large urban centre. Its proximity to the City of Vancouver and Vancouver International Airport make this neighbourhood a popular choice for families and for businesspeople who must travel domestically and internationally.

The average price for a house here is 14.5% cheaper than in other nearby communities, and more than 8% cheaper than the average price of a house in Richmond as a whole. Better still, Steveston South is more than 20% cheaper than average-priced houses in Greater Vancouver.