When it comes to communities in the Greater Toronto Area, Richmond Hill is certainly a town with a lot going for it. Billed as one the most affluent communities in the area (the average household income is $100,900 annually) Richmond Hill, located west of Markham and north of Willowdale real estate, is the sixth fastest growing community in the nation according to the 2006 census. With a population currently around 165,000, Richmond Hill is projected to top the 200,000 mark by the year 2015.
What this means, of course, is that real estate in Richmond Hill, Ontario is in a community with a vast amount of economic opportunities. In fact, the diversity of the local economy means that there is a very strong and stable financial base that will keep Richmond Hill residents in the money for the foreseeable future, with industries emerging creating everything from online collaboration software to contemporary bathroom vanities.
Among the most obvious opportunities are those that are based on large businesses. As is the case with many cities and towns in the Golden Horseshoe region, Richmond Hill can boast to hold the Canadian headquarters of many well-recognized names in business, including Black and Decker, Lexmark, Staples Business Depot, and Suzuki.
As you may have guessed from the list above, Richmond Hill is, along with neighbouring Markham, considered to be one of the up and coming communities as far as hi-tech development firms are concerned in the country. In fact, the border between the two communities may just become the tech development equivalent of Silicon Valley to Canada. So, if you're looking to start your own online printing service this is the place in Canada to be.
Hi-tech industry is not the only major employer in Richmond Hill, which also includes a strong representation in the Health and Education sectors, Resource based industries, and Manufacturing.
Richmond Hill is also a great place for the aspiring entrepreneur to make his or her home. In fact, the majority of the businesses in the town are small ones, with an estimated just over half of all businesses employing four or less people.
And, of course, Richmond Hill, Ontario real estate has the advantage of close proximity to the city of Toronto, the largest city and employment Mecca in the country. The town of Richmond Hill is connected to the metropolis through a number of different channels, including the railroad GO system, buses, and highways. Despite its affluent reputation, many of the homes in Richmond Hill continue to be more affordable than those in the actual Toronto area.
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