Richmond Hill Real Estate & Homes For Sale

Richmond Hill is a city located in the York Region, covering an area of 101.1 km². This city is home to more than 200,000 residents with a population density of 1,928.8 people per square kilometre and York Region’s 3rd largest city and 28th most populated municipality in Canada. The town is near to many big and renowned cities such as Vaughan, Markham, Newmarket etc. The city is economically affluent and is home to many business headquarters such as Acklands Grainger Inc., Compugen Inc., Compuware, DMC Mining Services, Lexmark, Rogers Communications, BMW Canada, Science & Medicine Canada, and Staples. Initially, Richmond Hill was a small settlement located partially in the township of Vaughan and partially in the township of Markham. John Graves Simcoe planned Yonge Street as a military road. The development of Yonge Street boosted the growth of the city. The City was officially incorporated on June 18, 1872, as a village.

Demographics

As per the 2016 census, the population of Richmond Hill, ON, stands at 195,022 people. The number of residents rose from 185,541 in 2011 to 195,022 in 2016. As a result, the population grew by9,481 people, with an average annual growth rate of 1.02% from 2011 to 2016. The largest age group in Richmond Hill is the working-age group (15 to 64 years), accounting for 68.71% of the population. As for gender demographics, women outnumber men by 5545 people. The Chinese community is the most significant portion of the visible minority population, which makes up 50.61 percent of the total visible minority population. The second largest group is West Asians, followed by South Asians, constituting 13.31 percent of the visible minority population.

Homes For Sale in Richmond Hill Dwellings in Richmond Hill are of various types based on their structure, including apartments, rowhouses, detached houses, and semi-detached houses.

• Total Dwellings: 64,120

• Single Detached House: 37,645

• Apartments: 10,555

• Other Attached Dwellings: 15,915

• Semi Detached Houses: 2,555

• Townhouses: 9670

• Apartments Duplex: 1945

• Other Apartments: 1690

• Other Single Attached Houses: 55

• Movable Dwellings: 0

People were living in private households were 193,800.

The average household size was 3.0.

Richmond Hill Housing Market

• Average price of all property types: $1,061,462

Average price of condos: $573,518

• Average price of one-bedroom condos: $479,063

• Average price of two-bedroom condos: $628,488

• Average price of three-bedroom condos: $800,957

Average price of Condo Townhomes in Richmond Hill: $874,073

• Average cost of two-bedroom condo townhouses: $633,605

• Average cost of three-bedroom condo townhouses: $894,401

• Average price of four-bedroom condo townhouses: $954,619

Average price of freehold townhouses: $1,151,420

• Average price of two-bedroom freehold townhouses: $1,088,714

• Average price of three-bedroom freehold townhouses: $1,143,409

• Average price of four-bedroom freehold townhouses: $1,248,762

Average price of Detached homes: $1,640,972

• Average price of two-bedroom detached homes: $1,282,344

• Average price of three-bedroom detached homes: $1,299,013

• Average price of four-bedroom detached homes: $1,719,292

• Average price of five-bedroom detached homes: $2,300,775

Rentals

• The average monthly rent for a 1-bedroom apartment in Richmond Hill, ON, is currently $1,900. This indicates a 3% increase as compared to the previous year.

• The average monthly rent for a 2-bedroom apartment in Richmond Hill, ON, is currently $2,050. This implies a 9% decrease as compared to the previous year.

Education

The two primary school boards in Richmond Hill are as follows:

• The York Region District School Board: 27 public elementary schools and five secondary schools

• The York Catholic District School Board: 13 Catholic elementary schools and 2 Catholic secondary schools

Post-secondary education services are provided to the students of Richmond Hill by several post-secondary educational institutions located in Toronto, some of which have satellite campuses in nearby communities.

Recreation

• The David Dunlap Observatory: The David Dunlap Observatory contains the largest telescope in the country. Visit the observatory and spend an evening looking at the stars. In addition, the observatory has been organizing talks, programs, and regular visits since 1935 to teach people about astrology.

• Richmond Hill Heritage Centre: This heritage centre takes the visitors back in time. The building is a spectacular illustration of Regency-style architecture. The interiors and craftsmanship of the building are worth appreciating.

• Wilcox Lake: This place is perfect for executing plans of having a picnic near a lake. The lake contains three recreational parks for relaxation and is ideal for having a picnic. The lake is also known as a fishing spot where one can hire a boat or a canoe for fishing. It is home to largemouth bass, yellow perch, crappie and northern pike, amongst other fish. Other important places to visit in Richmond Hill are:

• Richmond Green Sports Centre and Park

• Wave Pool

• The Eyer Ropes Challenge Course

• Hillcrest Mall

• Richmond Hill Studio Tour

• Richmond Hill Centre for the Performing Arts

FAQs (Richmond Hill Real Estate)

• Q1 What is the average rent for a 1-bedroom apartment in Richmond Hill, ON ?

The average rent for a 1-bedroom apartment in Richmond Hill is $ 1900.

• Q2 What is the monthly rent for a 2-bedroom apartment in Richmond Hill, ON ?

The average rent for a 2-bedroom apartment in Richmond Hill, ON is $2,050.

• Q3 What is the average price of all property types in Richmond Hill, ON ?

The average price of all property types in Richmond Hill, ON, is $1,061,462.

• Q4 What is the average price of condos in Richmond Hill, ON ?

The average price of condos in Richmond Hill, ON, is $573,518.

• Q5 What is the average price of Detached homes in Richmond Hill ?

The average price of detached homes in Richmond Hill is $1,640,972.