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Neighbourhood in Richmond Hill

Homes for rent in Mill Pond

Name: HOMEH Market Pulse — Mill Pond, Richmond Hill closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

family-friendly suburban community-focused

Mill Pond is a quiet neighbourhood in Richmond Hill. It offers a mix of residential homes and condos, making it suitable for families and individuals.

Average household size is 2.9 High school rating average of 7.2 Diverse community with 46.9% immigrants Many parks and playgrounds available Strong ownership rate at 74.9%

Day to dayLivability

7.2

Schools near listings

out of 10 · averaged over 1,125 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$1,677,000

33% above Richmond Hill 136% above Ontario

In Mill Pond

$1,677,000

In Richmond Hill

$1,257,000

In Ontario

$709,900

Median monthly rent

$2,500/mo

On par with Richmond Hill On par with Ontario

In Mill Pond

$2,500

In Richmond Hill

$2,500

In Ontario

$2,500

≈ 55.9 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

Median $1,677,000

Houses 59 · Condos 9

For rent

Median $2,500

Houses 33 · Condos 11

Recently sold

Recently leased

Market data as of 2026-10-25. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Good schools and educational facilities
Family-friendly environment with parks
Stable community with a median income of $124,455
Variety of housing options available

Keep in mind

Home prices are above city median
Limited public transit options
Higher rent prices compared to some areas

The feel of the placeLifestyle

Residents enjoy a suburban lifestyle with access to parks and schools. Daily life is peaceful and family-oriented.

Great for families first-time buyers working professionals

Within the boundaryWhat's nearby

The boundary

4.4 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Grocery stores

Restaurants

Cafés

Gyms

Pharmacies

Counted across all 4.4 km² of Mill Pond. From OpenStreetMap, as of 2026-10-26.

The schoolsWhich schools, and how they rate

7.3/10

Average rating of the 5 rated schools in this area

Elementary

Secondary

Alexander MacKenzie High School
Public · Grades 9–12 · York Region DSB
8.5/107.9 over 5 yrs
42nd of 742 Ontario secondary schools
1,415 students · EQAO 2024-2025
École secondaire Norval-Morrisseau
Public · French · Grades 9–12 · Conseil scolaire Viamonde
8.3/107.6 over 5 yrs
52nd of 742 Ontario secondary schools
85 students · EQAO 2024-2025
Pleasantville Public School
Public · Grades JK–8 · York Region DSB
7.6/108.3 over 5 yrs
516th of 3,045 Ontario elementary schools
370 students · EQAO 2024-2025
St Mary Immaculate Catholic Elementary School
Catholic · Grades JK–8 · York CDSB
7.5/107.8 over 5 yrs
571st of 3,045 Ontario elementary schools
320 students · EQAO 2024-2025
O M MacKillop Public School
Public · Grades JK–8 · York Region DSB
4.8/105.5 over 5 yrs
2,287th of 3,045 Ontario elementary schools
245 students · EQAO 2024-2025
Alexander MacKenzie Secondary Summer School
Public · Grades 9–12 · York Region DSB
Not rated

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Mill Pond, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

11,488

Population (2021)

4.4 km²

Area

2,624

People per km²

46.3

Median age

$124,455

Median income

75%

Own their home

2.9

People per household

4,000

Households

Every age

Children (under 15)13.4%
Working age (15–64)67.5%
Seniors (65+)19.1%

What is built here

Detached houses71.4%
Townhouses5.2%
Duplexes5%
Low-rise apartments4.9%
High-rise apartments12.9%
Other attached homes0.6%

Own or rent

75%Owners

25%Renters

Across 4,000 households

When it was built

Mostly 1981–1990

1960 or earlier17%
1961–198025%
1981–199029%
1991–200012%
2001–20055%
2006–20102%
2011–20155%
2016–20213%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

46.9%
Born outside Canada: 45.5%
Hold a degree or higher: 55.9%
Employment rate: 9.3%
Commute by transit: 83.3%
Commute by car: 1.7
Children per family: $105,912
Median income after tax: $154,577
Average household income: 9.4%
Living on a low income: $2,113/mo
Renters pay, per month: $1,952/mo
Owners pay, per month: $1,530,065
Median home value at census: 37.3%
Renters spending 30%+ of income on housing: 29.8%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 19 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry

HOMEH Market Pulse Through September 2026 Deep sales history

What homes in Mill Pond actually rent for

107 homes were leased in Mill Pond over the 12 months to September 2026. Half leased above $2,710 and half below, 11.5% lower than the 12 months before. A typical home found its tenant in 27 days.

Median rent: $2,710; -11.5% year over year
Days to lease: 27; 1 day slower
Leases closed: 107; last 12 months
Rent per square foot: $2.01/mo; from 92 sized leases

Three years of rents

The line is the median. The band is the middle half of every lease — how wide it runs tells you how much one home here differs from the next.

$5,812$4,304$2,796$1,288

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$2,992/mo

on a $3,000 asking rent — under ask by $8

−10%Asking rent+10%

Of the asking rent: 99.7%
Leased over asking: 10.3%

From 107 leases that closed here in the last 12 months.

Rent or buy in Mill Pond

40.4 years

of rent, at the going rate here, adds up to what a home here costs.

Median sold price

$1,313,746

100 sales

Median rent

$2,710/mo

107 leases

Gross rental yield

2.48%

before costs

Both figures come from deals that actually closed in Mill Pond over the last 12 months. Gross yield is annual rent divided by price; it does not account for taxes, fees, maintenance, vacancy or financing.

What actually rents in Mill Pond

A single median hides this: the mix of homes behind it, and what each kind costs.

107leases

Detached$2,83745.8%
Other kinds, too few of each —54.2%

How fast it moves

Median days on market, month by month. Taller means slower.

Aug 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Mill Pond, rentals

Monthly closed leases in Mill Pond
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	5	$2,200	$2,000 – $2,800	24	100.0%
Aug 2026	21	$3,000	$2,000 – $3,650	24	100.0%
Jul 2026	11	$2,650	$2,093 – $3,700	11	100.0%
Jun 2026	12	$2,675	$2,188 – $3,550	25	100.0%
May 2026	9	$2,100	$1,800 – $3,800	25	100.0%
Apr 2026	8	$2,700	$2,348 – $3,725	37	100.0%
Mar 2026	10	$2,800	$2,025 – $3,188	20	98.3%
Feb 2026	9	$2,000	$1,600 – $3,000	41	100.0%
Jan 2026	6	$1,863	$1,756 – $2,888	60	98.1%
Dec 2025	2	Not enough leases this month to report a median
Nov 2025	5	$4,700	$4,500 – $4,800	50	100.0%
Oct 2025	9	$2,950	$2,850 – $3,200	15	100.0%
Sep 2025	12	$2,475	$1,938 – $3,025	27	100.0%
Aug 2025	16	$2,400	$1,995 – $3,013	34	100.0%
Jul 2025	17	$3,700	$2,600 – $4,650	28	100.0%
Jun 2025	9	$3,500	$3,300 – $4,250	16	100.0%
May 2025	10	$3,100	$2,200 – $4,025	28	100.0%
Apr 2025	4	Not enough leases this month to report a median
Mar 2025	6	$2,125	$1,918 – $4,695	38	98.9%
Feb 2025	11	$3,800	$2,870 – $3,995	19	100.0%
Jan 2025	6	$1,925	$1,713 – $2,475	22	100.0%
Dec 2024	7	$2,990	$2,300 – $3,475	21	100.0%
Nov 2024	5	$1,950	$1,700 – $3,250	20	100.0%
Oct 2024	9	$3,700	$2,450 – $4,000	22	100.0%
Sep 2024	10	$3,750	$3,110 – $4,000	22	100.0%
Aug 2024	13	$3,049	$2,050 – $3,350	25	100.0%
Jul 2024	9	$3,380	$2,200 – $4,620	28	100.0%
Jun 2024	9	$2,850	$2,500 – $3,600	15	100.0%
May 2024	4	Not enough leases this month to report a median
Apr 2024	7	$3,500	$2,800 – $4,525	41	100.0%
Mar 2024	7	$4,000	$2,825 – $5,350	80	100.0%
Feb 2024	6	$3,488	$2,756 – $3,975	21	100.0%
Jan 2024	10	$2,445	$2,063 – $3,125	24	100.0%
Dec 2023	10	$2,400	$2,181 – $4,113	16	100.0%
Nov 2023	5	$3,500	$3,360 – $5,500	4	100.0%
Oct 2023	4	Not enough leases this month to report a median

4 of these months closed fewer than 5 leases. A middle value taken over that few is not a market figure — with one lease it is simply that lease — so the count is shown and the median is not. The leases themselves still count toward the 12-month figures above.

What people ask about Mill Pond

How much does a home cost in Mill Pond?

Homes in Mill Pond sold for a median of $1,313,746 over the 12 months to September 2026, across 100 closed sales — half sold for more and half for less. That is 14.0% lower than the 12 months before it.

How long does it take to sell a home in Mill Pond?

A home in Mill Pond took a median of 27 days on the market over the 12 months to September 2026. Homes there closed at 96.4% of the asking price on average, with 18.0% selling over asking.

How much is rent in Mill Pond?

The median lease in Mill Pond closed at $2,710 a month over the 12 months to September 2026, across 107 leases.

Is it cheaper to rent or buy in Mill Pond?

A home in Mill Pond costs about 40.4 years of the rent on one — the median price of $1,313,746 against a median rent of $2,710 a month, a gross yield of 2.48%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from leases reported closed in Mill Pond on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one home. Not an appraisal or an opinion of value.

Condos in Mill Pond

A condo here is its own market

9 condo apartments and 11 condo townhouses are on the market in Mill Pond right now. Too few have closed here in the last year for us to publish a median we would stand behind.

5condo apartments for sale 4condo apartments for rent