Terra Nova Market Trends
MLS® Home Price Index benchmark prices in Richmond, Greater Vancouver
Terra Nova at a glance
The benchmark price of a home in Terra Nova was $1,627,600 in July 2026, down 6.7% from a year earlier. That outperforms the Richmond area average (-7.9% year over year) by 1.2 points. Since July 2023 the benchmark price has fallen 13.9% ($1,891,000 → $1,627,600), with the period high of $1,893,600 in March 2024.
Benchmark price trend
Benchmark price, Aug 2023 – Jul 2026. Hover a month for the exact value.
Terra Nova vs Richmond
Benchmark price indexed to 100 at Aug 2023. Since then, Terra Nova is down 13.6% vs −13.1% for Richmond overall.
Benchmark price levels by property type
| Property type | Jul 2026 | Jul 2025 | 1-yr change |
|---|---|---|---|
| Composite (all types) | $1,627,600 | $1,745,200 | -6.7% |
| Detached | $2,188,800 | $2,384,800 | -8.2% |
| Townhouse / attached | $1,157,900 | $1,256,900 | -7.9% |
Source: Greater Vancouver REALTORS via MLS® Home Price Index benchmark prices (board-published)
Period: July 2026
Market statistics are provided for informational purposes only and may not reflect all real estate activity in the market. Past performance does not guarantee future results. Consult a licensed real estate professional for specific advice.