Updated: April 2025  |  bremo.io financial guides

Richmond Hill Real Estate — York Region Guide 2025

Richmond Hill is one of York Region's most desirable and expensive real estate markets. Its combination of top-ranked schools, excellent transit connections, and proximity to Toronto has driven decades of strong price growth. For buyers, Richmond Hill offers premium suburban living at prices well above Durham Region but potentially below North York or Scarborough for comparable home sizes.

Richmond Hill Housing Market

Richmond Hill's housing stock ranges from heritage homes near the old town core to massive new build developments in the north end. The community has a mix of detached homes, semis, townhouses, and a growing condo market near the future Yonge subway extension and along key corridors.

Richmond Hill Neighbourhoods

Mill Pond / Old Town

Richmond Hill's historic core with mature trees, older character homes, and proximity to Mill Pond Park. Premium pricing for a unique neighbourhood feel.

Jefferson / Rouge Woods

Newer north Richmond Hill communities with modern detached homes and excellent schools. Popular with families moving from Toronto.

Langstaff Gateway

Emerging high-density node near the future Langstaff GO station. Expected to transform significantly with condo towers and mixed-use development over the coming decade.

Bayview Hill

One of Richmond Hill's most prestigious neighbourhoods with larger, more expensive homes and access to highly-rated schools.

Ontario Land Transfer Tax in Richmond Hill

Richmond Hill buyers pay only the provincial Ontario LTT. No York Region or municipal LTT applies.

LTT Example — $1,200,000 Richmond Hill Home

Portion	Rate	Tax
$0–$55,000	0.5%	$275
$55,000–$250,000	1.0%	$1,950
$250,000–$400,000	1.5%	$2,250
$400,000–$2,000,000 (up to $1.2M)	2.0%	$16,000
Total LTT		$20,475

Richmond Hill Schools

Richmond Hill has some of York Region's highest-performing schools, including Alexander Mackenzie High School and several highly-rated elementary schools. School quality is a major driver of Richmond Hill's real estate premium and should be researched by school boundary for families.

Richmond Hill Real Estate Outlook

The planned Yonge North Subway Extension to Richmond Hill Centre is expected to be a significant long-term catalyst for the Langstaff/Richmond Hill Centre area. Richmond Hill's combination of transit, schools, and community character supports long-term demand from the GTA's growing professional and immigrant populations.