Richmond, British Columbia
Richmond is an island city located within the Greater Vancouver Regional District. It lies where Fraser River meets the ocean. Richmond is a culturally diverse city, with visible minorities comprising 65.1% of a 2007 population of 185,400—the second highest in Canada after Scarborough, Ontario. According to Statistics Canada, residents of Richmond have the greatest life expectancy in all of Canada, living an average life of 83.4 years. Residents also enjoy temperate weather. Due to its distance from the mountains, Richmond does not experience extreme temperatures however weather conditions can change quickly.
The economy comprises of a multitude of sectors. However recently Richmond has been emerging as a leading center for high tech companies, including the Nintendo Corporation of Canada. Also located in Richmond are the campus of Kwantlen University College, and Vancouver International Airport.
Demographics Richmond British Columbia (Census 2001)
Most frequently reported (single and multiple) ethnic origins |
Ethnic Origin |
1996 |
2001 |
% Change |
Chinese |
50,215 |
65,325 |
30.09% |
English |
30,720 |
25,800 |
-16.02% |
Canadian |
20,045 |
23,000 |
14.74% |
Scottish |
20,010 |
16,890 |
-15.59% |
Irish |
13,140 |
12,090 |
-7.99% |
East Indian |
8,635 |
10,850 |
25.65% |
German |
11,440 |
9,880 |
-13.64% |
Filipino |
5,035 |
8,145 |
61.77% |
| French |
7,345 |
6,720 |
-8.51% |
Ukrainian |
4,770 |
4,385 |
-8.07% |
Don't Be Alarmed, I.D. Required 
As of June 23, 2008, your REALTOR® will have to ask for identification, as in picture I.D. In June 2007, the federal government approved amendments to regulations under the Proceeds of Crime (Money Laundering)and Terrorist Financing Act (PCMLTFA). The amendments, which come into effect on June 23, 2008, are designed to broaden the scope of record keeping and reporting requirements. This means that real estate salespersons and brokers will have new obligations under the PCMLTFA.
Requirements as of June 23, 2008 will include a receipt of funds record for all transactions regardless of the amount of funds received (unless funds are received from a financial entity or public body). In addition, a client identification record will be required to be completed with respect to every purchase and sale regardless of the existence of a cash deposit. Salespersons and brokers will be required to verify and record the identification of each client involved in a particular sale.
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REALTOR®, Realtor®, realtor
The word REALTOR® is a registered trademark owned in Canada by REALTOR® Canada Inc., a subsidiary of the Canadian Real Estate Association. Only members of the Canadian Real estate Association have the right to use the trademark and in strict accordance with the rules and only to identify membership in this association.
The word Realtor®: is a registered trademark in the United States and only members of the National Association of Realtors®: are permitted to use and spell (upper case and lower case) the word.
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