Richmond Hill is premium York Region — but can your budget handle the true cost?
Richmond Hill sits on the Yonge Street corridor between Toronto and Newmarket. Future subway extension, strong schools, and proximity to everything make it highly desirable — and expensive.
Renting a 2BR (single person)
$3,731/mo
Rent + utilities + transit + groceries + insurance
Buying avg home (20% down, 5.5%)
$9,487/mo
Mortgage + tax + utilities + transit + groceries + insurance + maintenance
Buying avg home (family of 4)
$10,502/mo
Same as above + family grocery costs
All figures are 2026 estimates from public sources.
Sources: York Region municipal bylaws (property tax), Enbridge/Alectra (utilities), Metrolinx (GO Transit), StatsCan CPI (groceries), CMHC (rents), TRREB (home prices). Not financial advice.
1 rental and 1 sale available (demo data).
$2,300/mo
1BR + Den — Richmond Hill
Yonge & 16th area
1 Bed · 1 Bath · 720 sqft
$975,000
3BR Townhouse — Richmond Hill
Yonge / Bernard area
3 Bed · 3 Bath · 1,800 sqft
See how Richmond Hill stacks up against other municipalities.
Not financial advice. All data comes from public sources (York Region, MPAC, StatsCan, CMHC). Verify with a licensed professional.
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