Welcome to Saffron by Ledingham McAllister, a well-regarded community in one of Richmond's most convenient locations. Just a short walk to Richmond Centre, SkyTrain Station, restaurants, cafés, parks and everyday essentials, this home lets you enjoy a truly walkable lifestyle while tucked away in a quiet courtyard setting. This 2-bedroom, 2-bathroom home offers 806 sq.ft. of bright, functional living space with an open layout designed for everyday comfort. The kitchen features granite countertops, stainless steel appliances and ample cabinetry, flowing seamlessly into the spacious living and dining areas. Positioned on the quiet side of the building, a home that delivers exceptional comfort, convenience and long-term value in the heart of Richmond.
Listed by Sutton Group - Vancouver First Realty. Data from BCRES. Last updated Jul 6, 2026, 9:54 AM.
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.
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This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $117,800 down (20%) on $589,000, 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 · 1,379 listings
Condo / Apartment
842
61.1%
Detached
251
18.2%
Townhouse
251
18.2%
Land
20
1.5%
Duplex
7
0.5%
Other
8
0.6%
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.
Census 2021 dwelling structural-type mix · Richmond · 820 dwellings
Low-rise apartment450 · 54.9%
High-rise apartment200 · 24.4%
Row house160 · 19.5%
Single-detached10 · 1.2%
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 #59151141· Richmond· Transit 86/100 (676m to rapid)· 0.16 km²
Median rent here
$1,585
Owner shelter cost
$1,620
Renters
40.2%
30%+ on shelter
46.6%
Population (2021)
1,767
Median age
35.6
Avg household size
2.2
Avg household income
$79,200
Renters
40.2%
Owners
59.8%
Immigrants
63.0%
Post-secondary
61.9%
Avg home value
$636,000
Single status
33.9%
Not in labour force
35.8%
Households with kids
26.8%
Median rent
$1,585
Owner shelter cost
$1,620
30%+ on shelter
46.6%
Breakdown
Under $5,000
30
3.6%
$5,000 to $9,999
10
1.2%
$10,000 to $14,999
15
1.8%
$15,000 to $19,999
20
2.4%
$20,000 to $24,999
45
5.4%
$25,000 to $29,999
40
4.8%
$30,000 to $34,999
50
6.0%
$35,000 to $39,999
40
4.8%
$40,000 to $44,999
40
4.8%
$45,000 to $49,999
35
4.2%
$50,000 to $59,999
75
9.0%
$60,000 to $69,999
70
8.4%
$70,000 to $79,999
60
7.2%
$80,000 to $89,999
50
6.0%
$90,000 to $99,999
40
4.8%
$100,000 to $124,999
65
7.8%
$125,000 to $149,999
45
5.4%
$150,000 to $199,999
65
7.8%
$200,000 and over
35
4.2%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59151141).
Market story
Rent in Richmond
Census 2021 avg $1,585/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
