6031 Woodwards Road

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

suite rent

$2,310/mo

your cost after the suite

$14,237/mo

vs $16,362 without it

Costs: mortgage $15,245 · tax $943 · insurance ~$175 · vacancy 3% · upkeep 5%.

Suite rent is today's market rent for a 2-bedroom in Richmond: CMHC's average there ($2,046) raised by what new tenants pay against everyone in the Vancouver area, then down 0.8% with Vancouver's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

Catchment schools, Richmond School District 38

• Secondary Steveston-London Secondaryhomes in this catchment

  700 m away · 6600 Williams Rd, Richmond · 604-668-6668

From the Richmond School District 38's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.