Property and Strata Management In Richmond

The city of Richmond has a current population of about 190,000 and counting, making it the fourth largest city in B.C.. The city is actually made of multiple islands, Lulu being the largest and most populated. It is part of Metro Vancouver, and houses the Vancouver International Airport. It’s Richmond Olympic Oval was the home to speed skating during the 2010 Olympic winter games.

Richmond, being further away from the mountains, gets 30% less rain than Vancouver to the north. Interestingly, Richmond residents have the highest life expectancy in all of Canada at 84 years, and extremely low obesity and smoking rates. It is also a very safe city with an extremely low crime rate. It’s land actually only averages one metre above sea level which leaves it at risk for flooding.

One of the more popular places to visit is the historical Steveston fishing village, which was one of the original settlements on the island.

Richmond is a wonderful place to live and invest. The rapidly growing city, driven by a high level of immigration has a huge demand for rental accommodations as most new residents tend to rent for the first two years. The Canada Line makes transportation in and out of the city very easy, making it an ideal location for renters as they tend to be higher users of mass transit. The city has a solid plan for developing and densifying the downtown core, planning for 120,000 residents in the future. The high real estate prices make cash flowing rental properties more difficult, but certainly not impossible in this wonderful, thriving city.