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New & Pre-Construction Townhomes in Richmond Hill
Browse 34 active projects - new and pre-construction townhomes 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.
Townhomes give buyers more space than a condo (typically 1,500–2,500 sq ft) and a private entrance, at a price point that sits between condos and detached homes. They're popular with growing families and investors targeting suburban demand. 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 34 developments we currently track in Richmond Hill.
Property types
- Townhome34
Estimated occupancy
- 20254 projects
- 20262 projects
- 20271 project
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 home in Richmond Hill: what to know
Deposits on a freehold home
Freehold townhome and detached builders in Richmond Hill usually collect the deposit in a short ladder, often 10 to 20 percent across a handful of instalments in the first year, with the balance due on closing. Deposits are held in trust and protected through Tarion up to the statutory limit. Of the 34 projects we track in Richmond Hill, 14 are selling now, with a median published starting price of $1,279,600.
Lot premiums, upgrades and development charges
The published starting price is for a base lot and standard finishes. Corner, ravine, pie-shaped and walk-out lots carry premiums, structural options are chosen at signing, and finish upgrades are selected at a decor appointment several months before closing. Development charges and educational levies are frequently passed through as closing adjustments, so a cap on those adjustments is one of the most valuable clauses to negotiate.
No statutory cooling-off on freehold
Ontario's 10-day rescission period comes from the Condominium Act and applies to condominiums only. A freehold agreement of purchase and sale is binding once both parties sign, so lawyer review, financing confirmation and a read of the builder's schedules should happen before signing, not after. Condominium townhomes are the exception: they follow the condo rules, including the cooling-off period.
Tarion warranty and delayed-closing protection
Every new home built by a licensed builder in Ontario is enrolled with Tarion. Coverage includes deposit protection, compensation when closing is delayed beyond the critical dates set out in the agreement, and warranties of one year on workmanship and materials, two years on building systems and seven years on major structural defects. Across Richmond Hill the projects we track are currently scheduled to occupy in 2025 (4), 2026 (2), 2027 (1).
Closing costs and HST
A freehold home closes in a single step when the house is complete, with title, mortgage funds and possession all on the same day. 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.
Townhomes in Richmond Hill - Browse by status
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Frequently Asked Questions
Are pre-construction townhomes in Richmond Hill a good investment?
How many townhome projects are available in Richmond Hill?
How is the Richmond Hill pre-construction market in 2026?
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