Real Estate Market Report for
Richmond, QC

Updated : Aug 2016
House
  • Median price $184,250
  • Monthly growth 89.16 %
  • Quarterly trend
  • Stock on market 1.98%
Apartment
  • Median price $164,900
  • Monthly growth
  • Quarterly trend
  • Stock on market 0.68%
Richmond Home Price

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The median asking price in Richmond is $184,250, less than the median three months ago which was $179,700 .

Want a cheaply priced house? Then at $184,250 this month, Richmond, Quebec is a possibility for you price wise.

Richmond’s most common listing this month is 3 bedroom properties, less than province’s most common offering of 3 bedrooms.

If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Richmond has more than the average number to choose from compared to the rest of the province

When we look at the data we have, it can help with trying to establish whether or not Richmond is a good investment target.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Richmond there is less stock than three months ago. This would indicate home price pressure increasing as housing stock availability drops.

Richmond was Canada’s 786th most expensive suburb by listed median house price this month.

In Aug the median listed house price of $164,900 in Richmond was a below average compared to the rest of Quebec.

This month we track 186th neighbourhoods in Quebec, and Richmond has the 186th most choice available for real estate investors.

When we look at the data we have, it can help with trying to establish whether or not Richmond is a good investment target.

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Richmond, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 10, this month we show 11.

Beds Median price (House) Median price (Apartment)
1 bedroom $204,450
2 bedrooms $194,900 $161,950
3 bedrooms $189,000 $189,000
4 bedrooms $172,000 $162,450
5 bedrooms $199,900
Demographics
  • Population in 20113275
  • Population in 20063336
  • 2006 to 2011 population change (%)-1.8
  • Total private dwellings1616
  • Private dwellings occupied by usual residents1544
  • Population density per square kilometre460.2
  • Land area (square km)7.12
  • Age Characteristics
    Total population by age groups 3275
    0 to 4 years 170
    5 to 9 years 135
    10 to 14 years 155
    15 to 19 years 200
    15 years 40
    16 years 40
    17 years 45
    18 years 35
    19 years 45
    20 to 24 years 210
    25 to 29 years 175
    30 to 34 years 200
    35 to 39 years 165
    40 to 44 years 200
    45 to 49 years 225
    50 to 54 years 250
    55 to 59 years 255
    60 to 64 years 240
    65 to 69 years 185
    70 to 74 years 175
    75 to 79 years 125
    80 to 84 years 100
    85 years and over 110
    Median age of the population 45.7
    % of the population aged 15 and over 86
  • Marital Status
    Total population 15 years and over by marital status 2815
    Married or living with a common-law partner 1530
    Married (and not separated) 960
    Living common-law 565
    Not married and not living with a common-law partner 1290
    Single (never legally married) 730
    Separated 45
    Divorced 245
    Widowed 270
    Family Characteristics
    Total number of census families in private households 910
    Size of census family: 2 persons 550
    Size of census family: 3 persons 165
    Size of census family: 4 persons 140
    Size of census family: 5 or more persons 50
    Total number of census families in private households 910
    Total couple families by family structure and number of children 755
    Married couples 470
    Without children at home 315
    With children at home 155
    1 child 60
    2 children 65
    3 or more children 35
    Common-law couples 285
    Without children at home 140
    With children at home 145
    1 child 70
    2 children 60
    3 or more children 10
    Total lone-parent families by sex of parent and number of children 155
    Female parent 120
    1 child 75
    2 children 30
    3 or more children 15
    Male parent 35
    1 child 25
    2 children 10
    3 or more children 5
    Total children in census families in private households 775
    Under six years of age 195
    6 to 14 years 260
    15 to 17 years 115
    18 to 24 years 140
    25 years and over 60
    Average number of children at home per census family 0.8
  • Household And Dwelling Characteristics
    Total number of persons in private households 3155
    Number of persons not in census families 715
    Living with relatives 45
    Living with non-relatives only 80
    Living alone 590
    Number of census family persons 2440
    Average number of persons per census family 2.7
    Total number of persons 65 years and over in private households 590
    Number of persons not in census families aged 65 years and over 245
    Living with relatives 15
    Living with non-relatives only 15
    Living alone 215
    Number of census family persons aged 65 years and over 345
    Total number of private households by household type 1545
    Census-family households 905
    One-family-only households 880
    Couple-family households 735
    Without children 445
    With children 290
    Lone-parent-family households 150
    Other family households 25
    One-family households with persons not in a census family 25
    Couple-family households 20
    Without children 10
    With children 10
    Lone-parent-family households 10
    Two-or-more-family households 0
    Non-census-family households 635
    One-person households 590
    Two-or-more-person households 50
    Total number of occupied private dwellings by structural type of dwelling 1545
    Single-detached house 685
    Apartment, building that has five or more storeys 0
    Movable dwelling 0
    Other dwelling 860
    Semi-detached house 70
    Row house 25
    Apartment, duplex 205
    Apartment, building that has fewer than five storeys 550
    Other single-attached house 0
    Total number of private households by household size 1545
    1 person 585
    2 persons 580
    3 persons 170
    4 persons 145
    5 persons 45
    6 or more persons 10
    Number of persons in private households 3155
    Average number of persons in private households 2
Census 2011

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