Welcome to Concord Gardens North in the heart of Richmond. This efficient 2 bed, 2 bath home offers 765 sq.ft. of well-planned living space with a smart split-bedroom layout for added privacy. Both bedrooms comfortably fit queen-size beds, while the open kitchen, separate dining area, and bright living room create a functional everyday living space. The home also features a practical entry/office nook and a private balcony for outdoor enjoyment. Conveniently located near shopping, dining, parks, transit, and major routes. A great choice for first-time buyers, investors, or downsizers looking for comfort and convenience in a sought-after Richmond community.
Listed by Sutton Group - 1st West Realty. Data from BCRES. Last updated Jul 9, 2026, 3:40 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.
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This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $110,000 down (20%) on $550,000, 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.
Inventory mix
What this area trades in
Within 3 km of this listing · 1,077 listings
Condo / Apartment
770
71.5%
Townhouse
145
13.5%
Detached
122
11.3%
Duplex
11
1.0%
Land
11
1.0%
Other
18
1.7%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
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
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Richmond · 2,300 dwellings
High-rise apartment1,895 · 82.4%
Row house280 · 12.2%
Apartment in duplex55 · 2.4%
Low-rise apartment45 · 2.0%
Single-detached25 · 1.1%
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 #59153945· Richmond· Transit 95/100 (261m to rapid)· 1.31 km²
Median rent here
$1,868
Owner shelter cost
$1,980
Renters
51.8%
30%+ on shelter
61.8%
Population (2021)
4,294
Median age
32.4
Avg household size
1.8
Avg household income
$63,800
Renters
51.8%
Owners
48.2%
Immigrants
59.7%
Post-secondary
68.7%
Avg home value
$786,000
Single status
35.2%
Not in labour force
32.2%
Households with kids
18.7%
Median rent
$1,868
Owner shelter cost
$1,980
30%+ on shelter
61.8%
Breakdown
Under $5,000
250
10.8%
$5,000 to $9,999
65
2.8%
$10,000 to $14,999
70
3.0%
$15,000 to $19,999
80
3.5%
$20,000 to $24,999
105
4.6%
$25,000 to $29,999
110
4.8%
$30,000 to $34,999
135
5.9%
$35,000 to $39,999
125
5.4%
$40,000 to $44,999
100
4.3%
$45,000 to $49,999
95
4.1%
$50,000 to $59,999
180
7.8%
$60,000 to $69,999
180
7.8%
$70,000 to $79,999
135
5.9%
$80,000 to $89,999
120
5.2%
$90,000 to $99,999
80
3.5%
$100,000 to $124,999
200
8.7%
$125,000 to $149,999
110
4.8%
$150,000 to $199,999
110
4.8%
$200,000 and over
55
2.4%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59153945).
Market story
Rent in Richmond
Census 2021 avg $1,868/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
