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 $1,649,300 in September 2026, down 4.7% from a year earlier. That outperforms the Richmond benchmark price (-6.8% year over year) by 2.1 points. Since July 2023 the benchmark price has fallen 12.8% ($1,891,000 → $1,649,300), with the period high of $1,893,600 in March 2024.
Benchmark price trend
Benchmark price, Oct 2023 – Sep 2026. Hover a month for the exact value.
Terra Nova vs Richmond
Benchmark price indexed to 100 at Oct 2023. Since then, Terra Nova is down 10.0% vs −13.4% for Richmond overall.
Benchmark price levels by property type
| Property type | Sep 2026 | Sep 2025 | 1-yr change |
|---|---|---|---|
| Composite (all types) | $1,649,300 | $1,730,800 | -4.7% |
| Detached | $2,129,600 | $2,397,000 | — |
| Townhouse / attached | $1,226,500 | $1,183,800 | — |
1-yr change is the figure Greater Vancouver REALTORS published for Sep 2026; "—" where none is on file. It is not recalculated from the two levels shown: the year-ago level is the figure as first published, and boards revise past values.
Source: Greater Vancouver REALTORS via MLS® Home Price Index benchmark prices (board-published)
Period: September 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.