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Neighbourhood in Richmond Hill

Homes for rent in North Richvale

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

suburban family-friendly quiet

North Richvale is a quiet neighbourhood in Richmond Hill. It offers a mix of residential homes and amenities, making it a comfortable place to live.

High school rating average of 7.8 81.3% home ownership 57.8% of residents are immigrants Average household size is 2.6

Day to dayLivability

7.8

Schools near listings

out of 10 · averaged over 1,466 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

$949,000

25% below Richmond Hill 34% above Ontario

In North Richvale

$949,000

In Richmond Hill

$1,257,000

In Ontario

$709,900

Median monthly rent

$2,425/mo

3% below Richmond Hill 3% below Ontario

In North Richvale

$2,425

In Richmond Hill

$2,500

In Ontario

$2,500

$1,692

Per square foot

≈ 32.6 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

Median $949,000

Houses 49 · Condos 46

For rent

Median $2,425

Houses 22 · Condos 13

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

Family-friendly environment with many parks
Good schools rated highly
Diverse community with many cultures
Strong home ownership rate
Quiet residential streets

Keep in mind

Prices are above the Ontario median
Limited public transit options
Higher unemployment rate at 14.3%

The feel of the placeLifestyle

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

Great for families first-time buyers retirees

Within the boundaryWhat's nearby

The boundary

4.3 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

Libraries

Pharmacies

Counted across all 4.3 km² of North Richvale. From OpenStreetMap, as of 2026-10-26.

The schoolsWhich schools, and how they rate

8.7/10

Average rating of the 2 rated schools in this area

Elementary

St Charles Garnier Catholic Elementary School
Catholic · Grades JK–8 · York CDSB
8.9/108.8 over 5 yrs
108th of 3,045 Ontario elementary schools
525 students · EQAO 2024-2025
St Anne Catholic Elementary School
Catholic · Grades JK–8 · York CDSB
8.5/108.1 over 5 yrs
175th of 3,045 Ontario elementary schools
320 students · EQAO 2024-2025
Laureates Academy for Gifted Students
Independent
Not rated
Roselawn Public School
Public · Grades 4–8 · York Region DSB
Not rated
355 students · EQAO 2024-2025
Ross Doan Public School
Public · Grades JK–5 · York Region DSB
Not rated
305 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside North Richvale, 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

15,435

Population (2021)

4.3 km²

Area

3,559

People per km²

49.3

Median age

$99,413

Median income

81%

Own their home

2.6

People per household

6,015

Households

Every age

Children (under 15)11.5%
Working age (15–64)63.4%
Seniors (65+)25.1%

What is built here

Detached houses47.9%
Townhouses15.8%
Duplexes4.3%
High-rise apartments32%

Own or rent

81%Owners

19%Renters

Across 6,015 households

When it was built

Mostly 1981–1990

1960 or earlier3%
1961–198031%
1981–199037%
1991–200016%
2001–20051%
2006–20101%
2011–20152%
2016–20217%

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.

57.8%
Born outside Canada: 43%
Hold a degree or higher: 50.9%
Employment rate: 7.1%
Commute by transit: 84.9%
Commute by car: 1.6
Children per family: $87,250
Median income after tax: $121,372
Average household income: 10.6%
Living on a low income: $1,920/mo
Renters pay, per month: $1,725/mo
Owners pay, per month: $1,075,360
Median home value at census: 22.2%
Renters spending 30%+ of income on housing: 33%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 26 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 North Richvale actually rent for

179 homes were leased in North Richvale over the 12 months to September 2026. Half leased above $2,775 and half below, 3.2% lower than the 12 months before. A typical home found its tenant in 26 days — 2 days quicker than a year ago.

Median rent: $2,775; -3.2% year over year
Days to lease: 26; 2 days quicker
Leases closed: 179; last 12 months
Rent per square foot: $2.46/mo; from 168 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.

$4,130$3,260$2,390$1,520

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$2,991/mo

on a $3,000 asking rent — under ask by $9

−10%Asking rent+10%

Of the asking rent: 99.7%
Leased over asking: 10.6%

From 179 leases that closed here in the last 12 months.

Rent or buy in North Richvale

26.5 years

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

Median sold price

$883,152

151 sales

Median rent

$2,775/mo

179 leases

Gross rental yield

3.77%

before costs

Both figures come from deals that actually closed in North Richvale 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 North Richvale

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

179leases

Condo apartment$2,63140.2%
Detached$2,90327.9%
Other kinds, too few of each —31.9%

How fast it moves

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

Sep 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — North Richvale, rentals

Monthly closed leases in North Richvale
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	21	$2,900	$2,300 – $3,500	17	100.0%
Aug 2026	14	$2,825	$2,099 – $3,448	22	100.0%
Jul 2026	17	$2,500	$2,100 – $3,700	29	100.0%
Jun 2026	23	$2,800	$2,275 – $3,425	20	100.0%
May 2026	19	$2,600	$2,350 – $3,325	20	100.0%
Apr 2026	10	$2,725	$2,200 – $3,675	21	100.0%
Mar 2026	12	$3,075	$2,488 – $3,725	28	97.5%
Feb 2026	12	$2,715	$2,150 – $3,163	32	99.2%
Jan 2026	15	$3,150	$2,450 – $3,425	19	100.0%
Dec 2025	18	$2,725	$1,825 – $3,288	35	100.0%
Nov 2025	8	$2,500	$2,450 – $3,275	55	99.0%
Oct 2025	10	$2,700	$2,301 – $3,000	29	99.2%
Sep 2025	13	$2,800	$2,400 – $3,100	21	100.0%
Aug 2025	18	$2,475	$1,975 – $3,263	33	100.0%
Jul 2025	26	$3,100	$2,320 – $3,388	27	100.0%
Jun 2025	15	$3,050	$2,425 – $3,500	28	100.0%
May 2025	17	$3,050	$2,550 – $3,400	26	100.0%
Apr 2025	10	$3,300	$2,275 – $3,950	24	100.0%
Mar 2025	13	$2,838	$2,600 – $3,350	17	98.5%
Feb 2025	3	Not enough leases this month to report a median
Jan 2025	7	$2,575	$2,375 – $3,400	28	99.0%
Dec 2024	10	$2,725	$2,575 – $2,800	33	100.0%
Nov 2024	9	$2,300	$1,700 – $3,150	40	100.0%
Oct 2024	13	$2,990	$2,400 – $3,630	27	100.0%
Sep 2024	17	$2,450	$2,350 – $3,100	14	100.0%
Aug 2024	20	$2,675	$2,500 – $3,500	10	100.0%
Jul 2024	15	$2,500	$2,275 – $3,500	13	100.0%
Jun 2024	11	$3,270	$2,625 – $3,465	47	100.0%
May 2024	7	$3,400	$2,725 – $3,650	50	100.0%
Apr 2024	9	$3,300	$2,300 – $3,650	40	100.0%
Mar 2024	8	$2,700	$2,300 – $3,050	33	100.0%
Feb 2024	6	$3,050	$1,875 – $3,475	36	100.0%
Jan 2024	12	$3,150	$2,638 – $3,413	10	100.0%
Dec 2023	6	$3,625	$3,525 – $3,913	16	100.0%
Nov 2023	8	$2,825	$2,325 – $3,788	17	100.0%
Oct 2023	8	$2,875	$2,538 – $3,375	8	100.0%

1 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 North Richvale

How much does a home cost in North Richvale?

Homes in North Richvale sold for a median of $883,152 over the 12 months to September 2026, across 151 closed sales — half sold for more and half for less. That is 16.4% lower than the 12 months before it.

How long does it take to sell a home in North Richvale?

A home in North Richvale took a median of 28 days on the market over the 12 months to September 2026. Homes there closed at 96.0% of the asking price on average, with 11.9% selling over asking.

How much is rent in North Richvale?

The median lease in North Richvale closed at $2,775 a month over the 12 months to September 2026, across 179 leases.

Is it cheaper to rent or buy in North Richvale?

A home in North Richvale costs about 26.5 years of the rent on one — the median price of $883,152 against a median rent of $2,775 a month, a gross yield of 3.77%. The shorter that number, the closer buying is to renting before financing costs.

What kind of homes sell in North Richvale?

Over the 12 months to September 2026 the mix in North Richvale was condo apartment (23.8% of sales, median $611,389) and detached (14.6% of sales, median $1,360,682).

Compiled by HOMEH from leases reported closed in North Richvale 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 North Richvale

A condo here is 2.2× cheaper than detached houses

Half the condo apartments that changed hands in North Richvale over the 12 months to September 2026 sold above $611,389. The neighbourhood's median across every kind of home was $883,152 — one number, two markets.

Condo apartment$611,389

Detached$1,360,682

Median closed prices over the 12 months to September 2026, from 151 sales in North Richvale. Medians describe the group, never one home.

Median condo sold price: $611K; 36 closed sales
Median condo rent: $2,631/mo; 72 leases
Days to sell: 38; median, condo apartments
Share of all sales: 24%; of everything that closed here

35condo apartments for sale 11condo apartments for rent

At a glance