How much deposit do I need for a pre-construction home?

Deposits are typically paid in stages over time rather than all at once, and the exact amount and schedule vary by builder and home type. Confirm the specific deposit structure with the builder before you commit.

Is Richmond Hill a good market for investors?

That depends on your goals and the numbers. Pre-construction lets you control a unit with staged deposits while it's built, but you should evaluate local supply and absorption, rental demand, and carrying costs. With townhomes making up most of the pipeline, consider how that supply fits your plan — this is not a prediction of returns.

Are there condos available in Richmond Hill?

Currently there is 1 condo project active on the platform, compared with 29 townhome and 9 single-family projects. Condo selection is limited here at the moment.

Why should I register early for a project?

Registered buyers often get first access to floor plans and release pricing before a public launch, which can matter when a community has limited units or strong interest. Registering does not obligate you to buy.

What programs help first-time buyers in Ontario?

Ontario first-time buyers may qualify for supports such as the provincial Land Transfer Tax refund for first-time buyers. Eligibility and amounts change, so verify current details directly before relying on any program.

New homes & pre-construction in Richmond Hill

47 active developments in Richmond Hill, Ontario — get pricing, floor plans, and first access before the public.

Active developments

$399,990 – $3,399,900

Starting-price range

3 types

Home types

Active builders

Condos (2)Townhomes (30)Single-family (13)Under $600K (1)$800K–$1M (6)$1M+ (21)

Richmond Hill has 40 active new-construction and pre-construction developments on the platform right now, with starting prices that run from $399,990 up to $3,399,900. The spread reflects a market that serves a range of buyers, from those looking for an attainable first purchase to families and move-up buyers shopping for larger detached homes.

The home-type mix leans heavily toward townhomes: 29 of the projects are townhome communities, alongside 9 single-family projects and 1 condo project. If you want a low-rise, ground-oriented home, this is a market with a lot of choice; if you're set on a condo, the selection is currently much narrower.

Builders active here include Arkfield, Acorn Developments, Aspen Ridge Homes, Sunny Communities, Plaza, Royal Pine Homes, Caliber Homes, and Opus Homes. Sample communities give a sense of what's on offer — Bayview Heights, Oxford Estates, Uplands of Swan Lake, Townsquare, Auden Grand Towns, and Lookout on the Knoll among them.

condo

Westwood Gardens

Collecdev-Markee

mixed

10956 Leslie St.

Conservatory Group

From $1,054,990

townhouse

Nexus Town

Conder Developments

From $1,578,000

Load more (23 remaining)

Builders active in Richmond Hill

Arkfield (6)Carval Homes (5)Aspen Ridge Homes (3)Acorn Developments (3)Sunny Communities (2)Plaza (2)Elm Developments (1)Mansouri Living (1)Leadbond Development (1)Marlin Spring Developments (1)Opus Homes (1)North Star Homes (1)

Buying new construction in Richmond Hill

How buying pre-construction works in Richmond Hill

Buying pre-construction here usually starts with registering your interest, which puts you in line for early access to pricing and unit selection ahead of a public release. Once you choose a unit, you sign an agreement and pay a deposit in stages according to the builder's schedule. For condos, there's often an interim occupancy period — you move in and pay occupancy fees before the building is registered — followed by final closing when title transfers. Freehold houses, including most of the townhome and single-family projects here, typically go straight to a closing date without an interim occupancy stage.

Ontario provides a specific protection for new and pre-construction condos: a 10-day cooling-off (rescission) period under the Condominium Act, during which you can cancel the agreement. This applies to condos only — it does not apply to freehold houses, which make up most of Richmond Hill's current pipeline. Read the agreement carefully and use the rescission window if you have a lawyer review it.

For investors: what matters in Richmond Hill

Pre-construction purchases work differently from resale because you typically commit with a series of staged deposits rather than the full purchase price up front, which lets a buyer secure a specific unit at today's contract price while it is built over months or years. That deposit structure is the core mechanic to understand before anything else — you're putting capital down early and closing later.

What matters most in a market like Richmond Hill is the local picture: the balance of new supply against how quickly units are absorbed, rental demand for the home type you're considering, and whether townhomes, condos, or detached homes suit the tenants or resale buyers you have in mind. Given that townhomes dominate the current pipeline here (29 of 40 projects), it's worth evaluating how that supply level fits your holding plan. Review the builder's track record, the deposit schedule, occupancy and closing timelines, and your own carrying costs before committing. None of this predicts a return — it's the groundwork for making an informed decision.

Richmond Hill new-construction: common questions

What's the price range for new construction in Richmond Hill?

Starting prices across the 40 active projects run from $399,990 to $3,399,900 CAD. The lower end typically reflects entry-level townhomes or condos, while the upper end covers larger single-family homes.

What types of homes are being built in Richmond Hill?

The current mix is 29 townhome projects, 9 single-family projects, and 1 condo project. Townhomes are by far the most common option at this time.

Which builders are active in Richmond Hill?

Active builders on the platform include Arkfield, Acorn Developments, Aspen Ridge Homes, Sunny Communities, Plaza, Royal Pine Homes, Caliber Homes, and Opus Homes. Each has its own communities, deposit terms, and timelines.

Can I cancel a pre-construction contract after signing?

In Ontario, new and pre-construction condos come with a 10-day cooling-off (rescission) period under the Condominium Act, during which you can cancel. This protection does not apply to freehold houses, which make up most of the projects in Richmond Hill.