Thompson Market Snapshot — Richmond, BC
Quilchena Golf, Hugh Boyd Secondary, and family detached. Honest field notes on Thompson from a licensed BC agent who works Richmond weekly: prices, schools, zoning upside.
Thompson at a glance
Thompson sits in west-central Richmond between No. 1 Road and No. 2 Road, anchored by the Quilchena Golf Club, Hugh Boyd Secondary, and West Richmond Pitch & Putt. The housing stock is family-detached — 1980s and 1990s two-storey-with-basement homes on 6,000–9,000 sq ft lots, with newer custom builds appearing throughout. The area is one of the most consistently family-oriented detached pockets in Richmond.
Vibe: Family-detached · Golf-adjacent · School-driven · Quiet
Typical 2026 prices
| Detached | $1.85M – $2.6M |
| Townhouse | $1.15M – $1.55M |
Directional ranges from MLS HPI and recent comparable sales. Not appraisal values. Get a precise CMA from Dan.
Housing typology
Detached single-family dominates; small townhouse cluster along Granville and Blundell.
Ideal Thompson buyer
Move-up families wanting Hugh Boyd Secondary catchment, quiet detached living, and reasonable Richmond pricing.
Market dynamics
Thompson 2026 prices vs the Lower Mainland
How Thompson stacks up against the broader Greater Vancouver + Fraser Valley HPI benchmark. Bars are scaled directly from current MLS HPI data and recent comparable sales — they tell you whether Thompson is a value play, a parity market, or a premium pocket relative to the wider region.
LM benchmark = blended Greater Vancouver + Fraser Valley HPI as of April 2026 (detached ~$1,950,000 · townhouse ~$1,080,000 · condo ~$770,000). Thompson bars represent the lower end of typical sale prices — premium properties trade above. Source: REBGV / FVREB MLS HPI + recent comparable sales.
Transit & commute
402 and 407 buses to Brighouse Canada Line station.
Schools & catchments
- Hugh Boyd Secondary
- Quilchena Elementary
- Thompson Community Elementary
Catchments change. Always verify your specific address with the school district.
Should you buy in Thompson?
✓ Strengths
- Hugh Boyd Secondary + Quilchena Elementary catchments
- Quilchena Golf, West Richmond Pitch & Putt, and parks
- Quiet residential streets with mature landscaping
- Reasonable detached entry compared to Steveston
⚠ Things to check
- No SkyTrain — bus connection to Brighouse Canada Line
- Some 1980s homes need polybutylene plumbing replacement
- Highway 99 access requires going through Brighouse
Investor snapshot
Thompson rental yields & investor angle
Rough gross yield ranges based on typical CMHC market rents in the Richmond CMA and the lower end of Thompson purchase prices. Real numbers shift with strata fees, vacancy, financing, and property tax — I run a full pro-forma before we make any offer.
| Property type | Purchase (low) | Typical rent | Gross yield range |
|---|---|---|---|
| Detached (rented as SFH) | $1.85M – $2.6M | $3,800-5,500/mo | 2.46% – 3.57% |
| Townhouse | $1.15M – $1.55M | $3,200-4,200/mo | 3.34% – 4.38% |
Gross yield = annual rent ÷ purchase price. Net yields after strata, taxes, vacancy, repairs, and financing typically run 1.5-2.5 percentage points lower. I model the BC tax stack (Speculation Tax, Empty Homes Tax, Property Transfer Tax, capital gains, and the new BC Home Flipping Tax) for every investor file.
Where to look in Thompson
Streets and corridors I keep an eye on for Thompson clients:
Looking at a Thompson lot for redevelopment?
Bill 44 SSMUH, Bill 47 TOD, and the Richmond OCP overlay all stack differently depending on lot width, lane access, and tree retention. I model actual buildable sqft and pro-forma before any "redevelopment" purchase — happy to run yours.
Pipeline
Recent & upcoming developments in Richmond
Richmond continues to densify around its town-centre and transit corridors under the new BC housing legislation framework. These projects directly impact Thompson valuation, supply, and infrastructure load over the next 5-10 years.
Side-by-side
Thompson vs nearby Richmond neighbourhoods
Quick benchmark of Thompson against the closest comparable Richmond pockets I cover. Use this to triangulate where your budget gets you the best fit.
| Neighbourhood | Detached | Townhouse | Condo | Vibe |
|---|---|---|---|---|
| Thompson YOU ARE HERE | $1.85M – $2.6M | $1.15M – $1.55M | — | Family-detached, Golf-adjacent |
| Steveston | $1.95M – $3M | $1.25M – $1.65M | $780K – $1.15M | Heritage village, Waterfront |
| Brighouse / Richmond City Centre | — | $1.05M – $1.45M | $640K – $1.05M | Transit-driven, High-density |
FAQ
Thompson real estate questions
How does Thompson compare to Steveston for families?
Steveston is more walkable and heritage-feeling but has firmer pricing and tighter inventory. Thompson is more conventional family-detached, offers Hugh Boyd Secondary as the catchment, and has more 6,000–9,000 sq ft lot product at lower price points than Steveston detached.
Free home evaluation in Thompson
I'll prepare a hand-built CMA for your Thompson address using the most recent MLS sales — typically returned within 24 hours.
No spam, no obligation. Submitted via Formspree.
Other Richmond neighbourhoods
Compare Thompson against the other pockets I cover in Richmond.