In 2005, a typical, detached home cost $400,000 in Richmond. The latest figures from the Real Estate Board of Greater Vancouver show that Richmond’s average home price is now $1.2 million, a 17 per cent increase since last year and a 36 per cent increase over the last five years.
http://www.richmond-news.com/news/weekly-feature/has-sun-set-on-middle-class-dream-in-richmond-1.2050634