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Neighbourhood in Richmond Hill

Homes for rent in South Richvale

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

suburban family-friendly quiet

South Richvale is a residential neighbourhood in Richmond Hill. It is known for its spacious homes and good schools.

High median income of $119,163 Strong school ratings with an average of 6.8 Diverse population with 55.8% immigrants Family-friendly with many parks and playgrounds Low renter percentage at 15.4%

Day to dayLivability

7.7

Schools near listings

out of 10 · averaged over 1,397 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

$2,289,000

82% above Richmond Hill 222% above Ontario

In South Richvale

$2,289,000

In Richmond Hill

$1,257,000

In Ontario

$709,900

Median monthly rent

$2,638/mo

6% above Richmond Hill 6% above Ontario

In South Richvale

$2,638

In Richmond Hill

$2,500

In Ontario

$2,500

≈ 72.3 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

102

Median $2,289,000

Houses 73 · Condos 29

For rent

Median $2,638

Houses 20 · 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

Good schools for families
High ownership rate at 84.4%
Quiet, suburban atmosphere
Close-knit community feel

Keep in mind

High median home prices at $2,289,000
Limited public transit options
Fewer grocery stores available

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 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

Restaurants

Cafés

Libraries

Pharmacies

Counted across all 4.4 km² of South Richvale. From OpenStreetMap, as of 2026-10-26.

The schoolsWhich schools, and how they rate

6.8/10

Average rating of the 2 rated schools in this area

Elementary

Secondary

Charles Howitt Public School
Public · Grades JK–8 · York Region DSB
8.3/107.5 over 5 yrs
231st of 3,045 Ontario elementary schools
550 students · EQAO 2024-2025
Langstaff Secondary School
Public · Grades 9–12 · York Region DSB
5.2/106.3 over 5 yrs
532nd of 742 Ontario secondary schools
635 students · EQAO 2024-2025
Langstaff Secondary Summer School
Public · Grades 9–12 · York Region DSB
Not rated
Langstaff 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 South 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

7,209

Population (2021)

4.4 km²

Area

1,632

People per km²

46.1

Median age

$119,163

Median income

84%

Own their home

2.9

People per household

2,500

Households

Every age

Children (under 15)12.9%
Working age (15–64)65.8%
Seniors (65+)21.4%

What is built here

Detached houses81%
Townhouses3%
Duplexes5.6%
Low-rise apartments0.6%
High-rise apartments9.8%

Own or rent

84%Owners

15%Renters

Across 2,500 households

When it was built

Mostly 1981–1990

1960 or earlier5%
1961–198015%
1981–199030%
1991–200013%
2001–20056%
2006–20106%
2011–201511%
2016–202112%

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.

55.8%
Born outside Canada: 46.3%
Hold a degree or higher: 52.9%
Employment rate: 6.8%
Commute by transit: 89.1%
Commute by car: 1.7
Children per family: $102,039
Median income after tax: $194,637
Average household income: 11.8%
Living on a low income: $2,443/mo
Renters pay, per month: $2,146/mo
Owners pay, per month: $1,972,128
Median home value at census: 37.2%
Renters spending 30%+ of income on housing: 37.9%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 12 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 South Richvale actually rent for

207 homes were leased in South Richvale over the 12 months to September 2026. Half leased above $2,588 and half below, 0.9% lower than the 12 months before. A typical home found its tenant in 23 days.

Median rent: $2,588; -0.9% year over year
Days to lease: 23; Unchanged
Leases closed: 207; last 12 months
Rent per square foot: $3.43/mo; from 188 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.

$4,167$3,360$2,553$1,746

Oct ’23Oct ’24Sep ’25Sep ’26

Median rent Middle half of leases

What renters actually paid

$2,994/mo

on a $3,000 asking rent — under ask by $6

−10%Asking rent+10%

Of the asking rent: 99.8%
Leased over asking: 10.1%

From 207 leases that closed here in the last 12 months.

Rent or buy in South Richvale

45.2 years

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

Median sold price

$1,403,213

82 sales

Median rent

$2,588/mo

207 leases

Gross rental yield

2.21%

before costs

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

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

207leases

Condo apartment$2,46970.0%
Detached$3,36910.1%
Other kinds, too few of each —19.9%

How fast it moves

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

Oct 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — South Richvale, rentals

Monthly closed leases in South Richvale
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	15	$2,500	$2,415 – $3,225	26	100.0%
Aug 2026	17	$2,750	$2,150 – $3,600	13	100.0%
Jul 2026	19	$2,750	$2,250 – $3,350	29	100.0%
Jun 2026	20	$2,575	$2,288 – $3,563	25	100.0%
May 2026	21	$2,500	$2,300 – $2,850	18	100.0%
Apr 2026	22	$2,550	$2,175 – $3,338	22	100.0%
Mar 2026	16	$2,725	$2,335 – $3,538	35	98.5%
Feb 2026	14	$2,400	$2,263 – $3,688	21	100.0%
Jan 2026	15	$2,550	$2,200 – $3,400	20	98.7%
Dec 2025	13	$2,350	$2,100 – $2,900	32	100.0%
Nov 2025	16	$2,375	$2,188 – $2,875	24	100.0%
Oct 2025	19	$2,900	$2,500 – $3,950	19	100.0%
Sep 2025	19	$2,800	$2,350 – $3,875	19	98.2%
Aug 2025	17	$2,750	$2,400 – $3,100	19	100.0%
Jul 2025	20	$2,513	$2,238 – $2,988	18	100.0%
Jun 2025	24	$2,740	$2,400 – $3,380	29	100.0%
May 2025	20	$2,550	$2,381 – $2,713	25	100.0%
Apr 2025	24	$2,600	$2,400 – $2,888	24	100.0%
Mar 2025	36	$2,550	$2,450 – $2,663	26	100.0%
Feb 2025	19	$2,400	$2,025 – $2,600	20	99.1%
Jan 2025	12	$2,550	$2,275 – $2,683	32	100.0%
Dec 2024	6	$3,075	$2,213 – $3,900	18	100.0%
Nov 2024	12	$2,700	$2,525 – $3,275	25	97.8%
Oct 2024	11	$2,400	$2,300 – $3,075	14	100.0%
Sep 2024	15	$2,650	$2,625 – $3,175	22	100.0%
Aug 2024	25	$3,000	$2,600 – $3,650	40	100.0%
Jul 2024	15	$3,000	$2,560 – $3,425	14	100.0%
Jun 2024	9	$2,500	$2,200 – $2,850	27	100.0%
May 2024	12	$2,900	$2,606 – $3,400	28	100.0%
Apr 2024	6	$2,800	$2,800 – $3,400	44	100.0%
Mar 2024	8	$3,050	$2,713 – $3,163	31	100.0%
Feb 2024	8	$2,525	$2,288 – $3,038	15	100.0%
Jan 2024	6	$2,725	$2,650 – $2,950	30	100.0%
Dec 2023	9	$2,750	$2,400 – $2,800	33	100.0%
Nov 2023	10	$2,400	$1,913 – $3,035	19	100.0%
Oct 2023	9	$2,450	$2,350 – $4,000	8	100.0%

What people ask about South Richvale

How much does a home cost in South Richvale?

Homes in South Richvale sold for a median of $1,403,213 over the 12 months to September 2026, across 82 closed sales — half sold for more and half for less. That is 13.1% lower than the 12 months before it.

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

A home in South Richvale took a median of 36 days on the market over the 12 months to September 2026. Homes there closed at 95.0% of the asking price on average, with 15.9% selling over asking.

How much is rent in South Richvale?

The median lease in South Richvale closed at $2,588 a month over the 12 months to September 2026, across 207 leases.

Is it cheaper to rent or buy in South Richvale?

A home in South Richvale costs about 45.2 years of the rent on one — the median price of $1,403,213 against a median rent of $2,588 a month, a gross yield of 2.21%. The shorter that number, the closer buying is to renting before financing costs.

Compiled by HOMEH from leases reported closed in South 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 South Richvale

A condo here is its own market

39 condo apartments and 2 condo townhouses are on the market in South Richvale right now. Too few have closed here in the last year for us to publish a median we would stand behind.