The development consists of a 14-storey rental building on the north end of the property and a 27-storey condo tower on the south.

With median condo prices significantly lower than neighbouring Vancouver, Richmond has been a great option for new homebuyers looking to get into the market.

Luckily, Vancouver, Richmond and other communities are seeing new condo projects pop up on or near their campuses.

When seeking out a new home, families not only tend to look for proximity to parks, daycare providers and grocery stores, but good schools too.

The president and CEO of a major developer is warning homebuyers that more proposed condo projects may be cancelled as inexperienced builders struggle in a cooler market that is still finding bottom.

A total of 18 projects are slated to start sales in the region during the spring, according to internal BuzzBuzzHome data.