Richmond Hill Real Estate Overview
Richmond Hill is a rapidly growing suburban community with a very active real estate market.
According to the Toronto Real Estate Board, the composite benchmark selling price for a residential property in Richmond Hill in March 2013 was $ $605,700, which is an increase of about 3 percent from March 2012.
Southern Richmond Hill is a highly industrial area, as well being home to a significant Chinese community. The northern part of town is considered to be Old Richmond Hill and is where you can find many historical buildings. Central Richmond Hill is a mixed residential and commercial area, featuring many malls, plazas, restaurants, and entertainment centres.
- Richmond Hill Population (2011)185,500
- 5 Year Population Change14.0%
- Number of Homes in Richmond Hill60,200
Why Buy a Home in Richmond Hill?
Richmond Hill is a close-knit, comfortable community, located just minutes from Toronto.
Residents of Richmond Hill enjoy a high average income and low unemployment rate. More than half of families report earning more than $70,000 a year. Significant economic growth in the 1990s and 2000s brought a lot of new industry to the area. Lexmark, Rogers Communications, and Staples all have their corporate headquarters in Richmond Hill.
The town has a large multicultural population, consisting of significant Chinese, South Asian, West Asian, Arab, and Korean communities. Numerous parks and over 540 hectares of natural green space offer an escape from the bustling city life.
Explore Richmond Hill's Rich Cultural Heritage
The history of Richmond Hill has always been intimately tied to that of Toronto, in particular to the development of Yonge Street, which reached Richmond Hill in 1796.
Residential lots were laid out along Yonge Street and were primarily settled by British immigrants and United Empire Loyalists. A village began to take form around the turn of the nineteenth century, when Abner Miles established the first inn, store, and ashery. Soon other businesses began to take root, and the name "Richmond Hill" was given to the fledgling community, possibly in honour of the Duke of Richmond.
As Toronto developed, Richmond Hill developed with it - especially after the introduction of the automobile. By 1957, it had acquired town status, and by the 1990s it had become the fastest growing community in Canada.
Getting around in Richmond Hill
Richmond Hill is well integrated into Ontario's road network, with Highway 404 and Express Toll Route Highway 407 forming its east and south borders, respectively. Bathurst Street, Yonge Street, Bayview Avenue, and Leslie Street are the four major north-south roads providing access to Toronto.
If you don't have a car or don't like to drive, York Region Transit presents an excellent alternative means of getting around. Its recently unveiled VIVA network offers enhanced bus service on major routes using state-of-the-art vehicles that can speed up traffic lights.
Commuter train service is available at two stations through GO Transit. An ever-growing network of trails supports more active means of transportation, like biking, walking, and rollerblading.
Shopping and Amenities
The Hillcrest Mall has over 135 shops, services, and restaurants, including The Bay and SportChek. Several retail plazas can be found around town, such as the Rutherford Marketplace and Times Square.
Over 150 parks and amenities can be found in Richmond Hill. The largest of these is Richmond Green Sports Centre and Park which includes several baseball diamonds, two ice rinks, and a skateboard park. Crosby Park is home to the Richmond Hill Lawn Tennis Club, which offers recreational and competitive tennis programs for all ages and abilities.
More than 50 schools provide top-notch education to elementary and high school students. Several Toronto-based post-secondary institutions have satellite campuses within commuting distance.
Entertainment and Attractions in Richmond Hill
Looking for something to do in Richmond Hill? You won't have to look for long.
The Wave pool is fun for the whole family, with a swirl pool, 160-foot water slide, and on-deck sauna. The David Dunlap Observatory, a Canadian Cultural Heritage Landscape, offers public viewing nights with the largest reflecting telescope in the country.
Be sure to catch a concert or performance at the Richmond Hill Centre for the Performing Arts. Or discover the town's rich history at the Richmond Hill Heritage Centre.
Year round, you can find a number of community events, including the Winter Carnival, Santa Claus Parade, Heritage Village Day, and Concerts in the Park.