Photo: Canmenwalker · CC BY 4.0Richmond Hill sits 73% above Ontario’s towns on home values
Owners valued the median home at $1,200,000 in 2021, where the median of Ontario’s towns was $695,000. What homes sold for in Richmond Hill isn’t public: no sale figures are released in Ontario. For 2024, the median assessed value of a residential property is $851,000. MPAC hasn’t reassessed since its 1 January 2016 values, which is why the figure sits well under the census value; it compares only within Ontario.
Richmond Hill’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. Those values come from owners at the 2021 census and predate the prices of the years since.
median, owners’ estimate
- Average
- $1.34M
- Owners
- 54,210
- 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).
A detached house in Richmond Hill is assessed at 4.1 times the middle of Ontario’s towns
Of Richmond Hill’s 66,910 residential properties on the 2024 roll, 61% are detached houses and 17% are 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.
44% of Richmond Hill’s homes are from 2001 or later, against 17% for Ontario’s towns
At the 2021 census, 57% of Richmond Hill’s 69,315 occupied homes were single-detached houses.
Homes by period of construction the tick is the median of Ontario’s towns
Homes by kind
| Richmond Hill | Ontario | Canada | |
|---|---|---|---|
| Condominiums | 20% | 7% | 8% |
| Needing major repairs | 4% | 6% | 6% |
| Too small for the household | 6% | 5% | 3% |
| Households in core housing need | 16% | 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.
Building at the pace of Ontario’s towns: 17.8 new homes a year per 1,000 in Richmond Hill, against 15
From 2018 to 2023, permits in Richmond Hill created 7,221 homes, about 1,204 a year. About 24% went into single-unit buildings, where Ontario’s towns built 66%. Nobody publishes monthly permits for Richmond Hill alone, so this card uses the figure for the Toronto metro area.
Most in 2021: 2,322 new homes
New homes a year per 1,000 homes
Down 13%: 35,927 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 Hill is dearer than most of Ontario’s towns: 73% above their $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 Hill: Hope
The places around Richmond Hill at the 2021 census: median and average value, and how many own.
| Town | Median home value | Average | Owners | km |
|---|---|---|---|---|
| Richmond Hill | $1.2M | $1.34M | 78% | |
| Upper Thornhill Estates | $1.8M | $1.89M | 93% | 3.5 |
| The Valleys of Thornhill | $1.5M | $1.57M | 84% | 4.4 |
| Cathedraltown | $1.25M | $1.31M | 86% | 5.1 |
| Thornhill Woods | $1.3M | $1.39M | 89% | 5.8 |
| Hope | $1.11M | $1.53M | 85% | 5.9 |
| Carrville Corners | $1.3M | $1.3M | 89% | 6.1 |
Census 2021 values; km.
Questions about property prices in Richmond Hill
Is Richmond Hill expensive for Ontario?
Yes: Richmond Hill’s census median is above the $695,000 of Ontario’s towns.
How many households in Richmond Hill are in core housing need?
16% of Richmond Hill’s households, above the 9% of Ontario’s towns, live in a home that is unaffordable, crowded or in poor repair, with no acceptable one nearby they could afford.
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).