Richmond's Unhoused Population More Than Doubles Since 2020

A report released by the City of Richmond reveals a concerning trend: the number of unhoused individuals has more than doubled since 2020. The count has risen from 85 individuals to 175. A key factor identified in the report is the lack of affordable housing, a sentiment echoed by local outreach workers who frequently encounter individuals facing eviction.

Demographic shifts are also evident within the unhoused population. Approximately 60 percent of those experiencing homelessness in Richmond have resided in the city for at least a decade. Furthermore, women now constitute a larger proportion, increasing from 20 percent in 2023 to 32 percent. The population of unhoused seniors has also seen a notable rise, now making up about 25 percent of those encountered by outreach services.

Coinciding with this increase in homelessness, average rents for purpose-built rental units in Richmond have shown a slight decrease, from $1,901 in 2024 to $1,887 in 2025. Vacancy rates have also climbed to 3.1 percent. However, experts suggest that despite this dip, housing remains expensive, requiring significant income to afford.

Real estate analysts point to stagnant wage growth relative to housing costs as a contributing factor, suggesting a need for policy changes to encourage private sector development and address income disparities.

In response to these findings, provincial officials highlight efforts to increase affordable housing stock across British Columbia, including specific projects in Richmond aimed at seniors and the general population. While new housing starts and existing shelter spaces are noted, advocates and city officials emphasize the ongoing urgent need for more housing solutions.