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Richmond Hill New Condos for Sale

Why Should You Invest In Richmond Hill Real Estate?

Over the years, Richmond Hill has remained a distinctive City, one of innovation yet with a strong, rich historical background. Richmond Hill has remained a neighbourhood with a friendly, down-to-earth essence. Thus why the City’s unofficial motto is "A little north, a little nicer."

Richmond Hill's Official Plan focuses on land use. It contains policies for the physical, social and economic advancement of their community.Their vision is for “building a new kind of urban” It is recognized for its highly-educated workforce, with a strong economy and ambitious spirit. It is one of the most diverse multicultural communities in the Greater Toronto Area.

Investing on new Condos in Richmond Hill

It is also one of the fastest growing boroughs which is not unanticipated considering its close adjacency to the downtown core. A copious supply of newly developed condos have been constructed and are for sale.

The province of Ontario identified Richmond Hill as an urban growth centre and mobility hub. The Richmond Hill Regional Centre, which is located north and east around the intersection of Highway 7 and Yonge Street, will be poised to become “Union Station North”, an attractive place for new residential and office investment, and will be one of the primary places to focus growth and investment in the future.

Average Condo Price for Richmond Hill
The average price per square foot for all pre-construction home types, including condos, in the City of Richmond Hill is $792, and the average pre-construction appreciation rate for the past 10 years has been 6.5% annually.

The average resale price for all home types, including condos, in the City of Richmond Hill is presently around $1,463,000. The average resale appreciation rate for the past 10 years has been 11% annually.

The average rental rate for the City of Richmond Hill is presently $2,180, and the average rental appreciation rate for the past 10 years has been 6.8% annually. The demand for condos is still strong here as the vacancy rate currently sits at 0.6%.

City of Richmond Hill

Richmond Hill started out as a small outpost located partially in the Township of Vaughan and partially in the Township of Markham. Located in the southern portion of York Region. It is part of the Greater Toronto Area and is also the third most populous municipality in York Region and currently the twenty-seventh most teeming municipality in Canada. The town's population is projected to exceed over 240,000+ residents by 2031. Since there has been an inflow of new condos for sale.

It is now bounded by Ontario Highway 404 (Markham city limit) to the east, York Regional Road 7 (Vaughan city limit west of Yonge St.), Markham city limit east of Yonge St.) to the south, Bathurst St. (Vaughan city limit) to the west, and Bloomington Rd. (Aurora town limit) to the north. The town extends 7 kilometres east-west and 14 kilometres north-south.

In recent years there has seen a huge population upsurge. It has a large multicultural population. It’s a cluster of diversity, with most of it being made up of Persian, Chinese, Russian, Cantonese and Italian ancestry. However it has become a magnet for Persian immigrants, many of them concentrated along the Yonge Street junction.

The city’s allure is vastly becoming a hub making life here truly exceptional. Why not make Richmond HIll your new homestead? Be a part of a new bold vision!

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Accessibility / Getting Around

Richmond Hill is well served by York Region Transit which provides extensive bus services throughout this city. There are five major modes of public transit accessible to its residents and visitors. They are as follows; VIVANext (Yonge St. Rapidway), Yonge St Subway Extension EA, GO Transit, 407 Transitway (MTO) and VIA Rail (Ontario Northland).

GO bus lines operate along Yonge and Bayview Avenue, connecting passengers to the Finch Subway Station on the TTC system. Local GO train service is accessible from the Newkirk Road station just north of Major Mackenzie Drive between Yonge St and Bayview Avenue. The Go train ride from this station to Toronto’s Union station generally takes 40 minutes.

Richmond Hill New Condos Near Transits

Richmond Hill motorists can easily access north-south corridors by using Yonge Street, Bathurst Street, and Bayview Avenue. Commuters looking for a quicker route into Toronto can use Highway 404, which can be accessed from the east end of city.

The intersection of Yonge and 16th is a key development area, the city plans to bring further density to the neighbourhood that will ideally draw a greater mix of incomes. With the potential extension of the Yonge St subway, this particular artery has become a new hub for high-rise condominiums in Richmond Hill.

Construction has begun on a 945 unit, 24-storey residential complex aptly named “The Beverly Hills” because it has become a place for wealthy people. The area also bears an energetic vibe due to the younger generations that makes up half of its population.

As Richmond Hill continues to grow over time, residents believe its greatest appeal is its location that is close to amenities, parks, and open spaces, as well as its sense of safety and the well maintained infrastructure. It is a welcoming city that radiates vibrancy and community spirit where one can generate a strong sense of belonging.

Richmond Hill will become a well designed, pedestrian friendly community with better choices to live, work, shop and play. The city plan is designed for people, which makes Richmond Hill a soon to be sought out locale to take up residency.

List of New Condos in Richmond Hill

High Point Urban Towns
Now Selling
Now Selling
Development by: Laurier Homes
60 Arnold Crescent, Richmond Hill, ON L4C 3R5
Townhome Prices From The Low $1,000,000's
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Twelve Oaks Towns
Now Selling
Now Selling
115 Bond Crescent, Richmond Hill, ON L4E 3L1
Townhome Prices From The High $1,100,000's
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Boss Luxury Towns
Now Selling
Now Selling
Development by: Ideal Developments
Yonge St and Bond Crescent, Richmond Hill, ON L4E 3K2
Townhome Prices From The Mid $1,200,000's
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The Hill On Bayview
Now Selling
Now Selling
930 Elgin Mills Rd E, Richmond Hill, ON L4S 1M4
Townhome Prices From The Low $1,400,000's
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North On Bayview
Now Selling
Now Selling
Development by: Mansouri Living
Bayview Ave and Elgin Mills Rd E, Richmond Hill, ON L4S 0A6
Townhome Prices From The High $1,500,000's
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King East Estates
Now Selling
Now Selling
Development by: Plaza
King Rd and Toscanini Rd, Richmond Hill, ON L4E 2Y7
Townhome Prices From The Low $1,800,000's
Read More
NEXT2 at Elgin East
Now Selling
Now Selling
Development by: Sequoia Grove Homes
1000 Elgin Mills Rd, Richmond Hill, ON L4S 1M4
Townhome Prices From The Mid $600,000's
Read More
Y9825 Condos
New Release Coming Soon
New Release Coming Soon
9825 Yonge St, Richmond Hill, ON L4C 1V2
Condo Prices TBA
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Ivylea Towns
New Release Coming Soon
New Release Coming Soon
1521 19th Ave, Richmond Hill, ON L4S 1N7
Townhome Prices From The High $1,500,000's
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Harris Gate Towns
New Release Coming Soon
New Release Coming Soon
104 Harris Ave, Richmond Hill, ON L4E 3M2
Townhome Prices TBA
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8888 Yonge St
New Release Coming Soon
New Release Coming Soon
8888 Yonge St, Richmond Hill, ON L4C 6Z1
Condo Prices TBA
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BURNET at Rise & Rose
Coming Soon
Coming Soon
Development by: Greenpark Group
10920 Yonge St, Richmond Hill, ON L4C 3E4
Condo Prices TBA
Move in TBA
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Evelyn at Rise & Rose
Coming Soon
Coming Soon
Development by: Greenpark Group
10920 Yonge St, Richmond Hill, ON L4C 3E4
Condo Prices TBA
Move in TBA
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9651 Yonge St
Coming Soon
Coming Soon
Development by: TBA
9651 Yonge St, Richmond Hill, ON L4C 1V7
Condo Prices TBA
Move in TBA
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8905 Bathurst St
Coming Soon
Coming Soon
Development by: Tridel
8905 Bathurst St, Richmond Hill, ON L4C 6C1
Condo Prices TBA
Move in TBA
Read More
Lakeview Residences
Coming Soon
Coming Soon
Development by: Arkfield Development
13572 Bayview Ave, Richmond Hill, ON L4E 3E6
Condo Prices TBA
Move in TBA
Read More
Y8700 Condos
Coming Soon
Coming Soon
8700 Yonge St, Richmond Hill, ON L4C 6Z5
Condo Prices TBA
Move in TBA
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850 Elgin Mills Rd E
Coming Soon
Coming Soon
Development by: Kingsdale Development
850 Elgin Mills Rd E, Richmond Hill, ON L4S 1M4
Townhome Prices TBA
Move in TBA
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Casa On Beaver Creek
Coming Soon
Coming Soon
Development by: OGO Development
Norman Bethune Ave, Richmond Hill, ON L4B 0B6
Condo Prices TBA
Move in TBA
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Go To Mackenzie Towns
Coming Soon
Coming Soon
Development by: Go To Developments
215 Major Mackenzie Dr E, Richmond Hill, ON L4C 1H6
Townhome Prices TBA
Move in TBA
Read More
107 Hall St
Coming Soon
Coming Soon
Development by: TBA
107 Hall St, Richmond Hill, ON L4C 4N9
Condo Prices TBA
Move in TBA
Read More
Nahid On Yonge
Coming Soon
Coming Soon
Development by: Nahid
9861 Yonge St, Richmond Hill, ON L4C 1V1
Townhome Prices TBA
Move in TBA
Read More
9750 Yonge St
Coming Soon
Coming Soon
Development by: JD Development Group
9750 Yonge St, Richmond Hill, ON L4C 1V9
Condo Prices TBA
Move in TBA
Read More
133 Arnold Crescent
Coming Soon
Coming Soon
Development by: ACORN Developments
133 Arnold Crescent, Richmond Hill, ON L4C 3R7
Townhome Prices TBA
Move in TBA
Read More
45 Observatory Ln
Coming Soon
Coming Soon
Development by: Metropole Developments
45 Observatory Ln, Richmond Hill, ON L4C 8K9
Condo Prices TBA
Move in TBA
Read More
Cartier Condos
Coming Soon
Coming Soon
126 Cartier Crescent, Richmond Hill, ON L4C 2N6
Condo Prices TBA
Move in TBA
Read More
Y9929 Condos
Coming Soon
Coming Soon
9929 Yonge St, Richmond Hill, ON L4C 1T9
Townhome Prices TBA
Move in TBA
Read More
Baif Don Head
Coming Soon
Coming Soon
Development by: Baif Developments
Yonge St, Richmond Hill, ON
Condo Prices TBA
Move in TBA
Read More
Benson Condos
Coming Soon
Coming Soon
Development by: Unexus Group
26 Benson Ave, Richmond Hill, ON L4C 4E6
Condo Prices TBA
Move in TBA
Read More
Prince Parque
Coming Soon
Coming Soon
Development by: Metropole Developments
61 Harris Ave, Richmond Hill, ON L4E 3M2
Townhome Prices TBA
Move in TBA
Read More
Bayview Park On 16th Avenue
Coming Soon
Coming Soon
Development by: Bluebird Pine
1053 16th Ave, Richmond Hill, ON L4B 4M9
Condo Prices TBA
Move in TBA
Read More
13580 Yonge St
Coming Soon
Coming Soon
Development by: TBA
13580 Yonge St, Richmond Hill, ON L4E 2S9
Condo Prices TBA
Move in TBA
Read More
USOCIAL Townhomes
Resale
Resale
Development by: Signature Communities
370 Red Maple Rd, Richmond Hill, ON L4C 6P5
Townhome Prices Contact Us Today
Read More

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Questions & Answers


What are the advantages of doing business in Richmond Hill?


• Location: Convenient access to major roads (Highways 404, 407, 7) and travel infrastructure (GO, airports, VIVA)
• City Services: Better access to ‘caring’ public officials; easy access to Town offices and facilities; quality of facilities; good online services; responsible and careful management of Town finances; competitive taxation with other jurisdictions (Toronto); free municipal parking
• Labour Force: High income families; highly educated workforce; multiculturalism, and new flow of immigrants
• Quality of Life: Live/work community; small town atmosphere; sense of community; safety and low criminal activity; relatively low congestion; environmentally friendly; spirit of volunteerism
• Other Business Services: Competitive rents and tax rates (re: Toronto); loyal client base; high density of commercial organizations


Do I understand responsibilities of owning a condo?


Although many people like the idea of carefree living, owning a condo comes with responsibilities.
You will have obligations, like:
• Maintaining and repairing your unit
• Contributing financially to the maintenance, repair, insurance and operation of the common elements
• Living by the condo corporation’s rules
•  Participating in owners’ meetings
•  Respecting the rights of other owners
Taking the time to understand your rights and responsibilities before you buy will help ensure that you select the condominium community that is best for you.


How do new home warranties work?


Many new condominiums come with a developer’s warranty, backed by a third-party new home warranty.
As an owner of a new condominium, you’ll want to report any defects or omissions in your unit and co-operate with the builder’s warranty inspections. Some builders perform regular investigative service calls during the first year of possession; others prefer to deal with all warranty issues toward the end of that time.
If the developer fails to correct construction defects and deficiencies within a reasonable time frame, buyers can turn to the third-party new home warranty program to help resolve outstanding issues.
New home warranties don’t cover every item you might think is a defect so be clear on what the warranty does and does not cover, and for how long, before making a claim. Buyers of resale condominiums should find out what warranty coverage remains on the unit.


Is there enough money in the reserve fund?


The condominium’s reserve fund provides financing for major repairs and renewal projects over the life of the condominium building. The fund essentially ensures that the condominium’s common elements will be maintained in good shape.
The amount of money that should be in the reserve fund depends on:
•  The condition and life expectancy of all of the common elements in the building; and
•  The estimated cost to repair or replace them over the life of the project.
Condominiums often rely on a reserve fund study to help them determine how much money should be in their reserve fund. Reserve fund studies are carried out by engineers or other professionals who assess the condition of the common elements of the building, estimating their remaining lifespan and their related repair and/or replacement costs. They then estimate what monthly or annual contributions will be necessary for long-term renewal.
Some jurisdictions have condominium legislation that requires that reserve fund studies be done on a regular basis. Others leave it up to the owners to estimate how much should be in the fund.
Regardless of where you live, it’s essential that you find out the current state of the condominium’s reserve fund. Check the disclosure statement or the estoppel or status certificate for this information.

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