Photo: P199 · CC BY-SA 4.0A newly built town: 43% of the homes in Richmond date from 2001 or later (Ontario’s towns: 17%)
The middle home was worth $750,000 at the 2021 census, the average $753,711. No open sale prices are published in Ontario, so for Richmond the census value is the measure. The 2024 property assessment puts the median residential property at $370,000. Ontario’s assessments are still on MPAC’s values of 1 January 2016, far below today’s prices, so they compare only with other Ontario towns. Richmond doesn’t get its own assessed values, values by property type and building permits figures; the ones here come from the city of Ottawa.
Richmond’s homes, by two sources
Two sources, each set against Ontario’s towns only: provinces measure value differently, so they don’t line up across borders. An owner’s figure, not a sale: the census of May 2021 asked what each home would fetch.
median, owners’ estimate
- Average
- $754K
- Owners
- 2,875
- Ontario’s towns
- $695K
- The typical Canadian town
- $406K
all residential, MPAC 2016 base
- Ontario’s towns
- $232K
Census 2021 (Statistics Canada); Canadian Housing Statistics Program, tables 46-10-0099 and 46-10-0093; Québec rôle d’évaluation foncière 2026 (MAMH).
On the assessment roll, Ottawa’s houses sit 74% above Ontario’s towns
Assessors listed 332,130 residential properties in Ottawa for 2024, 53% of them detached houses and 11% condos.
Median assessment by type, 2024 the tick is the median of Ontario’s towns
Canadian Housing Statistics Program, table 46-10-0093 (2024): residential properties on the assessment roll, vacant land left out. The ticks are the median of Ontario’s towns with their own figure; assessments compare within a province only.
Single-detached houses are 88% of Richmond’s homes, against 60% for Ontario’s towns
The 2021 census counted 3,350 occupied homes in Richmond. Neighbourhood figures add up small census areas, and rounding can leave the parts a little under the total.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Richmond | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 2% | 7% | 8% |
| Needing major repairs | 4% | 6% | 6% |
| Too small for the household | 1% | 5% | 3% |
| Households in core housing need | 4% | 9% | 7% |
Census 2021 (Statistics Canada): occupied private dwellings; core housing need as Statistics Canada defines it. Ticks and columns are medians of the towns and neighbourhoods of 2,500 or more.
24.3 new homes a year per 1,000 in Ottawa: more than Ontario’s towns (15)
Some 9,707 homes a year: 58,242 in all were permitted in Ottawa from 2018 to 2023. The mix: 22% in single-unit buildings, beside 66% for Ontario’s towns. Nobody publishes monthly permits for Richmond alone, so this card uses the figure for the Ottawa-Gatineau metro area.
The busiest year: 2020, with 11,449 new homes
New homes a year per 1,000 homes
Up 10%: 11,998 new homes in the year to August 2026
Statistics Canada, tables 46-10-0087 (building permits by census subdivision, 2018–2023: dwelling units created, new construction and conversions) and 34-10-0292 (monthly, metro areas). Per 1,000: units a year over 2019–2023 against occupied homes in 2021.
Richmond against Ontario’s towns: about level with the $695,000 median
The census values of Ontario’s towns, 871 of them with 2,500+ people, from dearest to cheapest.
Census 2021, owners’ estimates; towns and neighbourhoods of 2,500 or more, no city as a whole, no reserve.
Cheaper next to Richmond: Munster - Ashton, Stittsville East and Stonebridge - Half Moon Bay
Next to Richmond: 2021 census values and the share of owners.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Richmond | $750K | $754K | 87% | |
| Munster - Ashton | $552K | $667K | 93% | 7.1 |
| Stittsville East | $700K | $730K | 77% | 8.7 |
| Stittsville | $750K | $737K | 91% | 8.7 |
| Stonebridge - Half Moon Bay | $700K | $747K | 81% | 9.3 |
| Old Barrhaven West | $600K | $621K | 90% | 9.5 |
| Bridlewood - Emerald Meadows | $650K | $668K | 88% | 9.6 |
Census 2021 values; km.
Questions about property prices in Richmond
How many households in Richmond are in core housing need?
In Richmond, 4% of households are in core housing need, against 9% for Ontario’s towns: those whose home costs too much, is too small or needs major repairs, with nothing suitable nearby under 30% of their income.
Is Richmond expensive for Ontario?
Neither more nor less: Ontario’s towns have a median of $695,000, and Richmond is near it.
Sources: Statistics Canada, Census of Population 2021 · Statistics Canada, Canadian Housing Statistics Program · Statistics Canada, building permits (tables 46-10-0087 and 34-10-0292). Under the Statistics Canada Open Licence.
Adapted from Statistics Canada (Census of Population 2021, population estimates 2025, 2021 census boundaries) under the Statistics Canada Open Licence; this does not constitute an endorsement by Statistics Canada. Neighbourhood names in some cities © OpenStreetMap contributors (ODbL).