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Richmond Hill

Why you'd want to live in Richmond Hill

The City of Richmond Hill started out as a small settlement located partially in the township of Vaughan and partially in the township of Markham. The City's development was closely linked with the development of Yonge Street, which was planned primarily as a military road by John Graves Simcoe, the first Lieutenant-Governor of the Province of Upper Canada. The City was officially incorporated on June 18, 1872 as a village and the first Council Meeting was held on January 1, 1873 under the leadership of Abraham Law as Reeve. Richmond Hill developed because of its proximity to Toronto, as farmers came into City on their way to Toronto markets and people travelled up and down Yonge Street to and from communities further north. Early in the twentieth century, several large greenhouse operations were built in Richmond Hill, while rose growing turned the City into the "rose capital" of Canada. In the 1920's, village council adopted the motto of the Duke of Richmond, for whom the City may have been named. A local artist and carriage painter, William Ashford Wright, created a City crest that included elements of the Duke of Richmond's coat of arms and roses. Data from the recent census conducted by Statistics Canada indicated that Richmond Hill continues to be one of Canada's fastest growing municipalities. The City's population exceeded 200,000 in 2014. In March 2019, Richmond Hill Council voted to rename the "Town of Richmond Hill" to the "City of Richmond Hill." The name change influences how the municipality sees itself and how others perceive it. Over the years, Richmond Hill has remained a distinctive community, one of change yet with strong historical roots. Even during this time of most extensive growth to-date, Richmond Hill has remained a community with a friendly, down-to-earth flavour. That is why the City's unofficial motto is "A little north, a little nicer. via richmondhill.ca

Richmond Hill Market Report

$1,880,734

AVERAGE PRICE OF 882 HOMES

$2,519,490

AVERAGE PRICE OF 566 MULTI-MILLION DOLLAR HOMES

$5,142,108

AVERAGE PRICE OF 56 HOMES WITH A POOL

$1,719,560

AVERAGE PRICE OF 21 REDUCED PRICE HOMES

Average Home

Average Price $1,880,734
Avg Bedrooms 2.96 beds
Avg Bathrooms 3.2 baths

Average Price by Bedrooms

1 bedroom $671,168
2 bedrooms $914,891
3 bedrooms $1,446,041
4 bedrooms $2,519,655
5 bedrooms $3,845,179
Richmond Hill Home Price Trends
  8/2022 7/2022 6/2022 5/2022 4/2022
Total Listings 997 1,083 n/a n/a n/a
Average Price $1,792,814 $1,808,872 n/a n/a n/a
Avg Price Change -0.90% n/a n/a n/a n/a
Median Price $1,398,523 $1,451,376 n/a n/a n/a
Med Price Change -3.78% n/a n/a n/a n/a
Avg Bedrooms 2.91 beds 2.99 beds n/a n/a n/a
Avg Bathrooms 3.12 baths 3.19 baths n/a n/a n/a
Total Homes Average Price Avg Days on Site
All Homes 882 $1,880,734 44 days
Multi-Million Dollar Homes 566 $2,519,490 46 days
Homes with a Pool 56 $5,142,108 41 days
Reduced Price Homes 21 $1,719,560 38 days
RE/MAX PARTNERS - Jason Yu Team
Jason Yu
550 Highway 7 East Unit 103
Richmond Hill, ON L4B 3Z4
416-828-1808
905-707-1882

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®.
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2022 Last Updated September 26, 2022
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