The most popular neighbourhoods in Richmond are none available. Strata.ca looks at a number of indicators to rank the communities most in-demand. Popularity is typically determined by assessing the following - the average sale price, average number of days that a home sits on market, plus the proportion of homes that have sold over asking.

The priciest neighbourhoods in Richmond are none available. We isolate these neighbourhoods by looking at the average sold price over a set period of time. If you're looking for value, Richmond's priciest neighbourhoods may not be ideal. Instead, check out none available for other alternatives.

You may be surprised to discover that none available are Richmond's most affordable neighbourhoods. We isolate these neighbourhoods by looking at the average sold price over a set period of time. Many properties in Richmond's least expensive neighbourhoods are selling below the city's average of unknown.

Annual property taxes cannot be overlooked when assessing what it costs to own a house in Richmond. This tax is crucial in providing local residents with essential services, including garbage collection, fire protection and policing. Property tax rates usually fall between 0.5 and 2.5%, and are set out by the local municipality. Some Richmond homebuyers believe this tax is based on the size of the house. But rather, the tax rate is multiplied by the home's current market value - which can fluctuate each year based on surrounding homes. If your home's market value is $500,000, and the municipal property tax rate is 1% - your property tax for that year would be $5,000.

Strata.ca updates multiple times each day, featuring all the available listings in Richmond. In addition to listing details, imagine having the ability to search historical data for every property in Richmond. From the average sale price to appreciation rates - Strata.ca gives you the power to learn every aspect of the neighbourhoods you're interested in.

With a walk score of 2, most Richmond residents typically require a car to get around.

When looking for a house in Richmond, many buyers will overlook the closing costs. It's important to be aware of what these costs are, so you can budget accordingly prior to making an offer. The average closing costs in this city will typically come to about 1.5% - 2% of the purchase price, although this can vary. For example, 2% in closing costs on an $800,000 house would be $16,000 that you need to budget for. All buyers are subject to the province's land transfer tax. If this is your first home, you can reduce closing costs by applying for a government rebate. Under this program, first-time homebuyers are reimbursed a portion of the land transfer tax. And lastly, buying Richmond real estate will require a lawyer you can trust. You'll need to find someone who specializes in this as they'll be finalizing your purchase. A good rule of thumb is to set aside about $1,500 to $2,000 to pay out your real estate lawyer upon closing.