Terra Nova Market Trends
MLS® HPI benchmark prices in Richmond, Greater Vancouver
Terra Nova at a glance
The benchmark price of a home in Terra Nova was $1,635,900 in June 2026, down 9.3% from a year earlier. That trails the Richmond area average (-8.2% year over year) by 1.1 points. Since July 2023 the benchmark has fallen 13.5% ($1,891,000 → $1,635,900), with the period high of $1,893,600 in March 2024.
Benchmark price trend
Composite MLS® HPI benchmark, Jul 2023 – Jun 2026. Hover a month for the exact value.
Terra Nova vs Richmond
Benchmark price indexed to 100 at Jul 2023. Since then, Terra Nova is down 13.5% vs −12.7% for Richmond overall.
Benchmark levels by property type
| Property type | Jun 2026 | Jun 2025 | 1-yr change |
|---|---|---|---|
| Composite (all types) | $1,635,900 | $1,802,500 | -9.2% |
| Detached | $2,219,800 | $2,434,200 | -8.8% |
| Townhouse / attached | $1,160,200 | $1,311,200 | -11.5% |
Source: Greater Vancouver REALTORS via MLS® Home Price Index (board-published)
Period: June 2026
Market statistics are provided for informational purposes only and may not reflect all real estate activity in the market. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Past performance does not guarantee future results. Consult a licensed real estate professional for specific advice.