Terra Nova

At a glance

A mostly residential area on Richmond's north-west edge. About 55% of homes are detached, 16% of households rent, and owners valued the median home at about $1.56M in the 2021 census.

Median home value (est.)

$1.54M^*

* est.: 2021 census, indexed to September 2026 · city $1.09M

Residents

10,120

scaled estimate for mid-2025, up from 9,387 at the 2021 census

Households renting

16%

city 36%

Homes that are apartments

4%

city 38%

What the numbers mean

• Owners valued the median home at $1.56M in the 2021 census. Indexed to September 2026 prices with the Greater Vancouver MLS® Home Price Index (-7% since then), that is about $1.54M, 42% above the Vancouver suburbs median of $1.09M. It is an estimate: the index tracks the whole region, not this neighbourhood.
• 16% of households rent, well below the 36% city-wide. Most people here own and stay a while.
• 55% of homes are single-detached houses, versus 30% city-wide.

Who lives here

Share of residents by age, scaled estimate for mid-2025, up from 9,387 at the 2021 census.

Homes

Share of homes by type, scaled estimate for mid-2025, up from 9,387 at the 2021 census.

Daily errands on foot¹

Places within the neighbourhood or a 5-minute walk of its edge, compared with the typical neighbourhood in Greater Vancouver.

Supermarkets

1

city median 4

Cafés and bakeries

13

city median 14

Pharmacies and clinics

3

city median 8

Playgrounds and dog parks

11

city median 28

Upfront closing costs²

BC charges a tiered property transfer tax: 1% on the first $200,000, 2% to $2 million, then 3%, and 5% above $3 million. Government fees at the median home price: This uses the census home value indexed to September 2026 prices, so treat it as an estimate.

BC property transfer tax

$28,880

on $1.54M

How it's changing

These municipalities don't publish building permits by neighbourhood, so we can't chart construction here yet.

Safety

Neighbourhood-level crime figures aren't available for Richmond. Policing there is by the RCMP or a municipal police department, and neither publishes open crime counts by neighbourhood. Check Statistics Canada's crime tables for municipality-wide trends, and the local police website for crime maps. Why this is missing.