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Top Places for Residential Buyers: Richmond Hill, Vaughan

August 3, 2011

Toronto, a marvelous sprawl of urbanization with its bustling industries, has been deemed one of the most sought-after Canadian cities to live and make a living in. Toronto and the Greater Toronto area provide plenty of housing choices for any kind of environment and lifestyle residential buyers require.

 

Richmond Hill is a rapidly growing town north of Toronto’s commercial hub. A half-hour train ride away, Richmond Hill has been expanding from a 2006 population of 62,000 residents. This town has one of the richest melting pots of cultures and backgrounds, with around half the population consisting of visible minorities. Residential buyers will find plenty to love about Richmond Hill: it has nature trails, sports and athletic fields, playgrounds, picnic areas, tennis courts and 1,360 acres of park land. Standard, detached homes cost around $600,000 and up, while semi-detached houses go for $375,000 and above.

 

Vaughan is a city approximately 13 miles north of the heart of Toronto. With a large number of residents, 238,000 as of 2006, Vaughan is expected to hit a population of more than 300,000 by the year 2021. The city’s Wonderland Amusement Park and United Parcel Services (UPS) are responsible for the majority of employment, with some 5,000 employees between them. Many of Vaughan’s residents are Italian or Jewish in descent, although minority groups from Asia are also highly visible. The general type of dwelling in Vaughan is the detached home, making up almost 80% of all residential property in the city. An average detached house in this area costs around $550,000 and more, while semi-detached houses may go from $400,000 on.


Tagged with: vaughan real estate richmond hill real estate vaughan homes richmond hill homes homes north of gta
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