Beautiful 2-bed, 2-bath home in the highly desirable Colony Bay North! Ideally location location, this spacious unit offers two large private patios overlooking a peaceful, park-like setting. The updated kitchen features newer cabinetry, countertops, S.S appliances, under-cabinet lighting, and newer appliances. The pantry/laundry room provides excellent storage along with a newer front-loading washer & dryer. Elegant Italian tile flooring runs throughout the entry, kitchen, hallway, & both bathrooms, while the home has been freshly painted and enhanced with updated light fixtures throughout. Enjoy spacious living and dining areas w/gorgeous hardwood flrs, a cozy gas fireplace, window screens, and a Phantom retractable screen door leading to one of the two inviting balconies on the quiet si
Listed by Macdonald Realty Westmar. Data from BCRES. Last updated Jul 6, 2026, 3:45 PM.
This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $118,160 down (20%) on $590,800, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Inventory mix
What this area trades in
Within 3 km of this listing · 1,335 listings
Condo / Apartment
705
52.8%
Detached
343
25.7%
Townhouse
259
19.4%
Land
14
1.0%
Duplex
6
0.4%
Other
8
0.6%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Richmond · 350 dwellings
Low-rise apartment295 · 84.3%
Row house55 · 15.7%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59154123· Richmond· Transit 77/100 (1173m to rapid)· 0.06 km²
Median rent here
$1,800
Owner shelter cost
$1,030
Renters
10.1%
30%+ on shelter
32.9%
Population (2021)
737
Median age
51.2
Avg household size
2.1
Avg household income
$84,000
Renters
10.1%
Owners
89.9%
Immigrants
69.2%
Post-secondary
65.2%
Avg home value
$580,000
Single status
28.1%
Not in labour force
40.0%
Households with kids
30.0%
Median rent
$1,800
Owner shelter cost
$1,030
30%+ on shelter
32.9%
Breakdown
Under $5,000
10
2.8%
$10,000 to $14,999
5
1.4%
$15,000 to $19,999
10
2.8%
$20,000 to $24,999
20
5.6%
$25,000 to $29,999
10
2.8%
$30,000 to $34,999
20
5.6%
$35,000 to $39,999
20
5.6%
$40,000 to $44,999
15
4.2%
$45,000 to $49,999
10
2.8%
$50,000 to $59,999
30
8.5%
$60,000 to $69,999
30
8.5%
$70,000 to $79,999
25
7.0%
$80,000 to $89,999
25
7.0%
$90,000 to $99,999
20
5.6%
$100,000 to $124,999
40
11.3%
$125,000 to $149,999
30
8.5%
$150,000 to $199,999
25
7.0%
$200,000 and over
10
2.8%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59154123).
Market story
Rent in Richmond
Census 2021 avg $1,800/mo here · Vancouver 2BR rent trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
Vancouver CMA rental snapshot · 2025
Purpose-built vacancy
3.7%
Avg 2BR rent
$2,363
+2.2% YoY
Condo vacancy
1.5%
Avg 2BR condo rent
$2,900
Source: CMHC Rental Market Report (2025)
CMHCVancouver outlook
From the CMHC Spring 2026 Housing Supply Report · Mar 2026
