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New & Pre-Construction Condos & Homes in Richmond Hill
Browse 84 active projects - new and pre-construction condos and homes in Richmond Hill. Royale Realty Brokerage (Geeta Mistry & Jasbir Seeder) provides Platinum VIP access, floor plans, deposit structures, and project-specific market analysis for every listing below. Updated 2026.
Richmond Hill pre-construction tracks closely with Yonge Street between Highway 7 and Major Mackenzie, plus pockets near the Lake Wilcox area. Tighter supply than Vaughan but similar price growth.
Richmond Hill Pre-Construction Market Snapshot
Computed from the 84 developments we currently track in Richmond Hill.
Property types
- Condo36
- Townhome34
- Single Family14
Estimated occupancy
- 20256 projects
- 20263 projects
- 20272 projects
Richmond Hill is currently home to 84 active pre-construction projects, with 22 of these available for immediate sale. Buyers can explore a diverse range of property types, including 36 condos, 34 townhomes, and 14 single-family homes. The market offers a variety of price points, with the lowest starting at $427,900 and the median starting price set at $1,299,990.
With occupancy windows spanning from 2024 to 2027, prospective homeowners have the opportunity to secure their future residence in this vibrant city. Notable builders in the area include Metroview Developments, Greenpark Homes, and Royal Pine Homes Limited, contributing to the dynamic real estate landscape of Richmond Hill.
Where the launches are in Richmond Hill
The Richmond Hill pockets with the deepest pre-construction pipelines. Each guide lists every live project in that area.
Richmond Hill Centre
Yonge and Highway 7 — the regional transit terminal and the planned Yonge subway extension anchor Richmond Hill's densest run of new condo towers.
Oak Ridges
The northern end of Richmond Hill on the Oak Ridges Moraine — larger lots, lakes and new communities of towns and detached homes along Yonge and King Road.
Richmond Hill by price
Projects with a published starting price at or under each threshold.
Price changes in Richmond Hill
Last 90 days: 2 starting-price cuts, 0 increases, tracked by our nightly price snapshot.
Buying a pre-construction condo in Richmond Hill: what to know
How pre-construction deposits work
Instead of a single down payment, Richmond Hill condo builders collect the deposit in instalments: typically 5 percent on signing, then further 5 percent tranches at set dates, adding up to 15 to 20 percent within the first one to two years, with the balance due on final closing. The schedule is one of the first things to compare between projects, because a longer ladder is easier to fund and a shorter one usually comes with a lower price. Deposits are held in trust and covered by Tarion deposit protection up to the statutory limit. Of the 84 projects we track in Richmond Hill, 20 are selling now, with a median published starting price of $1,279,600.
The 10-day cooling-off period
Every new condominium purchase agreement in Ontario comes with a 10-day rescission period under the Condominium Act. Buyers use it to have a lawyer review the disclosure statement and the builder's schedules, confirm mortgage pre-approval, and check for caps on closing adjustments. Walk away within the window and the deposit is returned in full; after it, the agreement is firm.
Interim occupancy and final closing
Condo buyers move in, or lease out, at interim occupancy, often months before the building is registered as a condominium corporation. During that period you pay an occupancy fee made up of interest on the unpaid balance, estimated property taxes and maintenance, rather than a mortgage. Final closing, when title transfers and the mortgage funds, follows registration. Across Richmond Hill the projects we track are currently scheduled to occupy in 2025 (6), 2026 (3), 2027 (2).
Closing costs, HST and land transfer tax
Ontario land transfer tax applies province-wide; there is no municipal land transfer tax outside the City of Toronto, and first-time buyers can claim a provincial rebate. New construction attracts HST. End users assign the federal and Ontario new housing rebates to the builder, so the advertised price is usually net of them; investors pay the rebate portion at closing and recover it through the new residential rental property rebate after leasing the unit for a year. Budget separately for legal fees, utility connections and the adjustments for development charges and levies, and ask for those adjustments to be capped in the agreement.
Assignments before closing
Many buyers sell their agreement before the building completes. Whether you can depends on the builder's assignment clause and fee, and the profit on an assignment is taxable. Our assignment guides explain the mechanics city by city, and registered buyers in Richmond Hill are told when a builder opens or closes its assignment window.
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Frequently Asked Questions
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