Richmond Hill

Small city · Ontario · Population 202,022

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Housing and jobs

Housing costs, rents, incomes and jobs in Richmond Hill, with comparisons and sources.

Affordability

0 · Poor

Average monthly rent$1,916/month

ON: $1,408/month · Canada: $1,209/month · 2006: $1,360/month · 2016: $1,595/month (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$1,491/month

Metro area average · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,761/month

Metro area average · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$2,045/month

Metro area average · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$2,294/month

Metro area average · CMHC, 2025

Rental vacancy rateShare of purpose-built rental apartments empty and available in October.3%

Metro area average · CMHC, 2025

Median dwelling value (owner-estimated)$1,200,000

ON: $700,000 · Canada: $472,000 · 2016: $991,318 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing37.1%

ON: 24.2% · Canada: 20.9% · 2006: 33.7% · 2016: 37.7% · Statistics Canada, 2021

Economy

35 · Below average

Median household income$102,000

ON: $91,000 · Canada: $84,000 · 2006: $101,119 · 2016: $95,611 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)3.6%

ON: 5.8% · Canada: 5.2% · 2016: 5.1% · Statistics Canada, 2021

Unemployment rate13.1%

ON: 12.2% · Canada: 10.3% · 2006: 5.4% · 2016: 6.9% · Statistics Canada, 2021