Richmond Real Estate Market

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Richmond is an island city. It is made up of a number islands in the Fraser River delta. It is just one meter above sea level. It was prone to flooding, especially during high tide. Therefore, major islands are now surrounded by a system of dykes, which serve to protect the town. Also, since it occupies land in a river delta, the city has plenty of rich soil for agriculture. Richmond is a culturally unique community. As of 2021, the city has an estimated population of 209,937 people with 60 percent being immigrants, the highest proportion of immigrants in Canada. Majority of immigrants are Chinese. Richmond has been experiencing growth and change, transforming from a rural, local community to an international city with a balance of urban, suburban family and rural areas. The city is 20 minutes from downtown Vancouver and 25 minutes from US border. It’s the location of Vancouver’s international airport.  The SkyTrain, Canada Line, speeds up transit system and connects Richmond to other
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High Rise Condominiums in Brentwood Park, Burnaby, BC

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Brentwood High Rise Condominiums
Brentwood Park is located in Burnaby North. Brentwood Center is on the south side of Brentwood Park. It was recently completed in 2021 with a lot of shopping, restaurants, commercial services, and other amenities. 

Brentwood Park Map

Also, it is only a 10 min. drive to downtown Vancouver. The SkyTrain is right in front the center. The freeway is steps away too. All of them make a very convenient living environment.

There are quite lot of high rise residential buildings, many of which have been recently built around the center, and even more are in progress. As a result, the condo market prices in this area are higher than other parts of Burnaby. The chart below is a comparison of the market value of condominiums in the Burnaby sub-areas since 2015. The data is by MLS HPI price. Brentwood Park has seen the highest price in the past 5 years.

Condominium Market in Burnaby

What do you think the area? Would you like to live in a very modern high rise building with lot facilities indoor, beautiful views out and very convenient neighbourhood?  If you would like to learn more detail market in Burnaby, please click here or contact me at awang@macrealty.com


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