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Richmond Hill · For homebuyers
First-time home buyer guide: Richmond Hill
Richmond Hill has 954 homes for sale in November 2026. 301 listings (28%) ask under $750,000, and 129 under $500,000. The lowest-priced common type is condo apartments, at a median asking price of $570,000.
- 954homes for sale
- 301asking under $750K
- $570,000median condo apartments
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What it takes to buy in Richmond Hill, by home type
At today’s median asking price for each type: the minimum down payment, and the land transfer tax a first-time buyer pays after the rebate.
| Home type | Median asking | Minimum down | Land transfer tax | Rebate saves |
|---|---|---|---|---|
| Condo apartments | $570,000 | $32,000 | $3,875 | $4,000 |
| Condo townhouses | $758,000 | $50,800 | $7,635 | $4,000 |
| Freehold townhouses | $1,038,800 | $78,880 | $13,251 | $4,000 |
| Detached houses | $1,888,000 | $377,600 | $30,235 | $4,000 |
Estimates, not advice: confirm with your lender and lawyer. Rules as checked 2026-11-11: down payment, Ontario refund. Run your own numbers in My Plan.
Richmond Hill neighbourhoods with the lowest median asking price
| Neighbourhood | Homes for sale | Median asking |
|---|---|---|
| Langstaff | 104 | $577,450 |
| Beaver Creek Business Park | 14 | $688,000 |
| Doncrest | 43 | $794,000 |
| North Richvale | 98 | $949,900 |
| Crosby | 45 | $968,500 |
| Harding | 39 | $974,944 |
Neighbourhoods with five or more homes for sale. A low median often reflects more condos, not cheaper houses: open each one to see its mix.
Programs first-time buyers can use
- An FHSA lets a first-time buyer save $8,000 a year (up to $40,000), deduct it from income and take it out tax-free for a first home. It can be combined with the Home Buyers’ Plan. Source
- First-time buyers can take up to $60,000 each out of their RRSP tax-free for a home and repay it over 15 years (it is your own savings, not a grant). Source
- First-time homebuyers get back up to $4,000 of Ontario land transfer tax (all of it up to a $368,000 price). Source
- An insured mortgage (less than 20% down) is limited to 25 years, or 30 years when a buyer is a first-time buyer or the home is newly built (never lived in). With 20% or more down, most lenders offer up to 30 years (lender practice, not a federal rule). Source
- First-time buyers claim the $10,000 home buyers’ amount on their tax return; at the 14% rate for 2026 it lowers federal tax by up to $1,400 (shared between buyers). Source
Your first purchase, step by step
- Get pre-approved, so you know your real budget and rate hold.
- Open an FHSA early: the contribution room starts the year you open it.
- Shortlist two or three Richmond Hill neighbourhoods from the table above and set alerts for them.
- See homes with a buyer’s agent who works for you, and check status certificates for condos.
- Make an offer with the right conditions (financing, inspection), then close with a real estate lawyer.
More for Richmond Hill
Who you’ll hear from
Quan Ve and Avi Samaroo, licensed REALTORS® with Century 21 Atria Realty Inc., Brokerage, 946 Portage Parkway, Vaughan.
We reply by text, phone or email, when it suits you. No pressure and no obligation.
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