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Real estate reports based on activities of the real estate market of Richmond Hill in March 2019 shows that the average selling price of homes is about $977,000. The housing prices of Richmond Hill reflected a monthly, quarterly and yearly increase. The monthly increase was 0.1%. The quarterly increase was 6.5%, while the yearly increase was 3.2%. A comparison of the real estate market of Richmond Hill to the real estate market of other locations in the Greater Toronto area placed it as the 4th most expensive as well as the 9th fastest growing.
Richmond Hill is known as the largest city in Canada as well as the fastest-growing city in the country. Despite the growth of the city has experienced over time, it has maintained a small town feel that is a major part of its appeal. Richmond Hill is located in the south-central area of the York region and is part of the Greater Toronto Area. According to the 2016 census, Richmond Hill has a population of 195,022. Since the 1990s, Richmond Hill has especially experienced a notable population growth. The population of Richmond Hill from the 2016 census experienced a 5.1% growth from the population figures from 2011 which was 185,541. The city of Richmond Hill is especially for the deliberate efforts that have been to maintain the small town feel of the city. These efforts include the yearly decoration of the old downtown to pay homage to the history of area as the Rose capital of Canada. Other strategic efforts made by the city of Richmond Hill to maintain its small town feel include the light-noise bylaw. This light-nose bylaw restricts the amount of light that can be emitted at night. This by-law has specifically helped in taming the urban tendencies of the city.
The lifestyle of residents of Richmond Hill can be described as easygoing and simple with activities such as group hiking trips and city-sponsored music concerts. Other activities of residents of Richmond Hill that make the typical easygoing and conservative lifestyle include the planting of trees which is usually done during the weekends in May and June. There is also the Elgin Barrow Arena's Farmer Market which is a peculiar feature of the city. The greenery of Richmond Hill is also one of its best appeals, as there are over 160 parks in the city. These parks include small parks and the undeveloped natural areas restricted for recreation. Spending time in a park is thus one of the activities visitors to the city enter into their itinerary. A notable park in Richmond Hill is the Richmond Green Sports Centre and Park which has facilities such as a skateboard park, two ice skating rinks, an amphitheatre that can sit 300 persons and baseball diamonds. Richmond Hill also has a number of hiking trails with a lot of adventure waiting for lovers of the outdoor. The hiking trails in Richmond Hill include the Beaufort Trail, the East number Trail and the Saigeon Trail.
Public and private elementary and secondary schools abound in Richmond Hill. There are also Catholic schools in Richmond Hill. These educational facilities include Holy Trinity School, Discovery Academy, Richmond Hill Christian Academy, Richmond Hill Montessori & Private Elementary School and Toronto Montessori Schools. The educational sector of Richmond Hill is governed by bodies which include the York Catholic District School Board and the York Region District School Board. For post-secondary education, residents of Richmond Ville have to rely on post-secondary facilities in Toronto. Richmond Hill is located just north of Toronto, and there are several well-established commuting options. The city that are bounded to Richmond Hill include Toronto, Vaughan, Pickering and Milton.
Recreational and sporting activities are highly encouraged in Richmond Hill with the necessary public facilities to boost. Richmond Hill has six public swimming pools as well as an indoor wave park. There are also several golf facilities in Richmond Hill. The golf facilities in Richmond Hill include Richmond Hill Country Club, Bloomington Downs Golf Course and Summit Golf & Country Club. Other notable facilities in Richmond Hill include Richmond Hill Heritage Centre, a museum where the history of the city is preserved as well as Richmond Hill Centre for the Performing Arts which was commissioned in 2009. Richmond Hill Centre for the Performing Arts hosts shows regularly. Wilcox Lake is one of the most notable natural attractions of Richmond Hill. Wilcox Lake is also a hub of activities, from the adventurous activities to the simple relaxation activities. Wilcox Lake has three three recreational parks and a great location for fishing, one of the activities carried out in the city that maintains its small town feel.
The different districts of Richmond Hill are known for their different features and appeals. The features of these districts also determine the kind of houses that are found within them. The districts of Richmond Hill include Dollar, Langstaff, Gormley, Temperanceville and Oak Ridges. Dollar is known for its accessibility as it is directly and indirectly linked to a number of transportation facilities. The transportation facilities within and around Dollar include Highway 404, Leslie Street and Highway 7. Gormley is known as a neighborhood with a lot of parkland and protected land. The Langstaff neighborhood is known to be particularly family-friendly because of the availability of larger homes with prices that are quite affordable. A lot of these affordable larger houses that are found in Langstaff include those that were built in the 1960s and 1970s. Another family-friendly neighborhood in Richmond Hill is Temperanceville which is known for ample recreational facilities as well as facilities that support family living. Families can also find affordable homes in specific areas of the Temperanceville neighborhood. The Oakville Ridges area is known for its abundant greenery as there is a vast parkland in the area. Oakville Ridges is however known for pricey homes. The Oakville Ridges area is also known for newer properties. Some of the hottest neighbourhood subdivisions in Richmond Hill are Doncrest, Jefferson and Langstaff.
The styles of homes in Richmond Hil include detached houses, from those with two bedrooms to those with six bedrooms. There are also townhouses in Richmond Hill, from those with two bedrooms to those with four bedrooms. Condo are also listed on the real estate market of Richmond Hill. The condos range from those with one bedroom to those with three bedrooms. .
Although Richmond Hill was initially known as a location with very low housing prices, over time the city has developed economically and is now known as an affluent community. It has been established, according to reports base on the 2016 census, that over 40% of the families in Richmond Hill have an average income of at least $100,000. The city of Richmond Hill also has a low unemployment rate. The unemployment rate of Richmond Hill is 3.77%, according to the 2016 census. This is a significant improvement over the Canadian average of 7.4%.