Why invest in Richmond Hill Real Estate?
Richmond Hill is considered one of the urban growth centres and mobility hubs in Ontario. The city is investing on The Richmond Hill Regional Centre which will bring a boom in residential and commercial real estate.
Employment rate in the city is higher than 65% focusing on finance, management sectors and business areas. Also, unemployment rate is around 3.8% which is much lower than the Canadian average. Richmond Hill average household income is greater than $100,000 placing the city more than 30% above the Canadian average.
Richmond Hill is one of the targets of real estate companies due to its fast growth rate, with house prices increasing more than 30% to an average amount of $1.1 million. The city currently is considered the hottest real estate housing market as suburban areas demand has increased due to Toronto real estate market reach its peak.
City of Richmond Hill
Richmond Hill is the third largest city of York region in population, projecting to exceed 270,000 inhabitants by 2021. High increase rate is due to many investments in condos being developed and populated in recent years.
The city has a large multicultural population, Cantonese, Chinese, Italian, Persian and Russian communities in the area. Along Yonge Street junction, a high concentration of Persian immigrants can be found.
Richmond Hill is part of the York Region Transit services which provides with bus services throughout the city. It counts on five different modes of public transportation which include GO Transit, 407 Transitway, VIA Rail, VIVANext and Yonge St Subway Extension.
The city has several easy accesses to Toronto using Yonge Street, Bayview Avenue and Bathurst street. Also, Highway 404 from the east of the city, is another quick option for commuters into Toronto.
- Phone 647-503-4698
- Email email@example.com
- Open Hours 7:30AM - 10:30PM PST
- Address 2nd Floor- 5399 Eglinton Ave, Toronto, ON, M9C 5K6
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