Richmond Hill real estate guide 2026: market, neighbourhoods and what’s being built

At a glance: Richmond Hill will get two subway stations, Bridge and High Tech, and its Richmond Hill Centre plan has been in effect since January 2025. The condo apartment benchmark is down 14% year over year, the steepest drop in the GTA tables, which is a buyer’s window for anyone who believes in the subway.

Checked on 3 October 2026 against TRREB, municipal, regional, provincial and Metrolinx sources. Anything I could not confirm on an official page is left out or labelled.

Richmond Hill market snapshot: September 2026

Numbers below are for Richmond Hill, all home types, from TRREB’s September 2026 Market Watch. October data is due in early November; this page is updated monthly.

September 2026	Richmond Hill	GTA
Sales	172	5,040
Average price	$1,189,203	$1,006,409
Median price	$1,079,000	$860,000
New listings	584	16,500
Active listings	974	26,131
Months of inventory	5.6	4.6
Sale-to-list price	98%	98%
Average days on market	36	34
MLS® HPI benchmark (year over year)	$1,157,700 (-6.33%)	$917,600 (-4.65%)

How I read it: This is a balanced market: buyers have choice and time, so condition and price position decide who sells.

Benchmark by type (MLS® HPI)	Price	Year over year
Detached	$1,514,400	-6.51%
Semi / attached	$1,011,800	-4.62%
Townhouse	$781,200	-4.96%
Condo apartment	$493,000	-12.27%

Detached benchmark prices are down 6.5% year over year, less than condo apartments (12.3%): detached homes are holding value better than condos here.

Where to live in Richmond Hill

• Richmond Hill Centre / Langstaff: Future subway hub. Suits condo buyers and investors with a long horizon.
• Yonge corridor (Hillcrest): Mid- and high-rise with Viva access.
• Oak Ridges / Bayview Hill: Low-rise family and luxury detached.

Neighbourhood notes are my professional view, not official data.

What’s approved and being built in Richmond Hill

Only projects with an official source are listed, with the exact stage each has reached. “Approved” means a planning decision; it is not a construction start. Where a building permit has been issued, that is the strongest sign a project is actually starting.

Project	What	Stage (official)	Transit
High Tech transit-oriented community	Up to 1.72 million m² of floor area at Yonge and Highway 7	Provincial zoning order filed Apr 2022; no start date	Future High Tech station
Richmond Hill Centre plan and zoning	Downtown and transit hub plan	In effect 17 Jan 2025; zoning by-law adopted Sep 2025	Bridge and High Tech stations, Langstaff GO
11014–11076 Yonge St (Yonge MCD)	Mid-rise buildings, 45 townhouses; 579-unit tower block keeps prior approval	Recommended for approval Jul 2026	Yonge Viva
Hillcrest Mall, 9350 Yonge St	588 rental units in 2 towers	Not approved: in process	Yonge Viva

For a GTA-wide view of what is permitted and under construction, see the GTA developments tracker and mall and plaza redevelopments.

Transit: running today vs. coming later

• Yonge North Subway Extension: tunnelling contract awarded Aug 2025 and the launch shaft is dug (Jul 2026). Stations at Steeles, Clark, Royal Orchard, Bridge and High Tech. No official opening date. Metrolinx
• Viva rapidways: the 33.7 km network was finished in Dec 2020 (Hwy 7, Yonge, Davis Dr, Bathurst & Centre). Metrolinx
• Richmond Hill GO line (Langstaff, Richmond Hill, Gormley).

Taxes and closing costs in Richmond Hill

2026 residential property tax rate: 0.760104% of assessed value (local 0.214692% + York Region 0.392412% + education 0.153000%). Official 2026 rates. Taxes are charged on MPAC’s assessed value, which is usually well below today’s market price, so ask for the property’s actual tax bill.

• Ontario land transfer tax applies (no municipal land transfer tax outside Toronto). First-time buyers can claim up to $4,000 back if they qualify. Ontario

Buying new? Read the Ontario pre-construction buyer guide for the 2026 HST rebates (up to $50,000 federal for first-time buyers, and Ontario relief on the provincial part).

For business owners and commercial tenants

Commercial corridors: Yonge St from Highway 7 to Bloomington Rd.

• Community improvement plan along Yonge St (Hwy 7 to Bloomington): building renovation grants up to $100,000 and façade, landscaping and signage grants of $15,000–$25,000. 2026 intake dates are not posted; contact the City. Richmond Hill

Looking for space or a business here? Find premises or buy or sell a business confidentially.

Schools in Richmond Hill: how to check rankings and boundaries

School zone is one of the first things Richmond Hill buyers search for, and one of the easiest things to get wrong. A listing that says “in the X school zone” is not a guarantee. Here is how I check it for clients before they offer.

Who runs the schools: English public schools in Richmond Hill are run by the York Region District School Board (YRDSB), English Catholic schools by the York Catholic District School Board (YCDSB). French-language schools are run by Conseil scolaire Viamonde (public) and Conseil scolaire catholique MonAvenir (Catholic).

1. Use the board’s own school locator with the exact address, not the listing description. Boundaries follow streets, and two sides of the same street can go to different schools.
2. Check results from two sources: EQAO publishes each school’s provincial test results, and the Fraser Institute ranks Ontario elementary and secondary schools at compareschoolrankings.org. Rankings measure test scores, not the whole school, so visit too.
3. Ask about “holding schools”. When a local school is full, new students in growing areas can be directed to a school farther away until space opens. This matters most in new subdivisions.
4. Programs have their own boundaries. French Immersion, IB, gifted and arts programs often draw from a different area than the home school, and some need an application.
5. Get it in writing before you waive conditions. Boundaries can change. Call the board’s planning or admissions office with the address, and keep the answer.

Want homes in a specific Richmond Hill school zone? Tell me the school and your budget. I check each home’s address against the board locator before I send it to you.

Selling or buying in Richmond Hill: how I would approach it

Selling: price against the homes a buyer will actually compare with yours (same type, condition and recent enough), not the area average above. Then work out what you would keep after the mortgage payout and costs.Buying: decide what matters more, existing transit or a project that is only approved, and check the stage of anything near the address before you firm up.

Read next: GTA developments 2026–2028: what’s approved and being built

General information about Richmond Hill, not a valuation, investment, tax or legal advice. Planning status and incentives change; confirm with the municipality before relying on them. Inderpal Sidhu, Salesperson · HomeLife Silvercity Realty Inc., Brokerage.

Speak with Inderpal Sidhu
Direct: (647) 338-6875 · Office: (647) 931-5918
WhatsApp · Get my Richmond Hill price range
Inderpal Sidhu, Salesperson · HomeLife Silvercity Realty Inc., Brokerage. Not intended to solicit properties or clients already under contract with another brokerage.