Areas We Serve · York Region

Mortgage Broker
Richmond Hill

★★★★★5.0 · 210+ Google reviews
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Let’s talk Richmond Hill.

Local expertise

Mortgage Broker in Richmond Hill

Richmond Hill is one of York Region’s most established and sought-after communities, and the mortgage market here reflects that. Canadian Mortgage Services has been helping Ontario homeowners since 1988, with over 40 lenders and the expertise to handle high-value, complex transactions.

With excellent schools, a diverse cultural fabric, and strong property values, Richmond Hill attracts everyone from first-time buyers to seasoned investors. But at these price points, the right mortgage structure can save, or cost, you tens of thousands of dollars over your term.

The local picture

Richmond Hill at a glance.

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Average Home Price
~$1,150,000 (early 2026)
Population
~210,000
Top Neighbourhoods
Oak Ridges (nature lovers), Bayview Hill (premium family area), South Richvale (established), Jefferson (growing community)
Commute
Richmond Hill GO. Richmond Hill line to Union Station; Highways 404/407

Did You Know?

Richmond Hill was once known as the “Rose Capital of Canada” due to its extensive rose-growing industry. Today, it’s home to the David Dunlap Observatory, which housed Canada’s largest optical telescope for decades.

The CMS difference

Why Richmond Hill residents work with us.

Richmond Hill’s market demands precision. We bring decades of experience and a lender network that covers every type of borrower and every type of property.

High-value expertise

At Richmond Hill price points, we negotiate every detail to maximize your savings over the life of your mortgage.

Newcomer and international income

We work with lenders who understand international credit, offshore income, and non-standard documentation.

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Full mobile service

We come to you in Richmond Hill or connect virtually: your preference.

Long-term relationship

We manage your mortgage through renewals, life changes, and future purchases.

Your Mortgage Options in Richmond Hill

Looking at a detached home in Oak Ridges, a townhome near Yonge Street, or investing in the rental market. We match your financing to your goals.

First-time buyers in Richmond Hill face higher entry costs but can still access government programs. Homeowners should always shop their renewal, at these mortgage amounts, even a small rate difference is significant.

We find options that the big banks won’t offer, and we do it with zero pressure. That’s been our approach for over 35 years.

Who We Work With in Richmond Hill

Richmond Hill is home to a diverse range of buyers and homeowners, and we’ve worked with just about every type. First-time buyers handling the stress test for the first time. Growing families who need more space but aren’t sure what they can afford. Self-employed professionals whose income doesn’t fit neatly into a bank’s checklist. Homeowners who’ve been declined by their bank and don’t know where to turn next.

We’ve been doing this since 1988, and we’ve learned that every client’s situation is distinct. Our job is to understand yours and match you with the right lender, the right product, and the right terms. That’s what a good mortgage broker does, and it’s what we do every day.

Richmond Hill’s market is driven by its central York Region location, excellent schools, and established residential character. Properties along Bayview Avenue and near the Oak Ridges Moraine command premiums. The city’s cultural diversity and proximity to Highway 404/407 make sure continued demand.

What’s Happening in Richmond Hill Real Estate

Richmond Hill’s market is driven by its central York Region location, excellent schools, and established residential character. Properties along Bayview Avenue and near the Oak Ridges Moraine command premiums. The city’s cultural diversity and proximity to Highway 404/407 make sure continued demand.

If you’re watching the market or ready to move, we help Richmond Hill buyers and homeowners make decisions based on real data and experienced advice, not speculation.

A bank offers you their products and their rates. A mortgage broker offers you the market. We compare rates, terms, and conditions across more than 40 lenders, including options you won’t find at any single institution. For Richmond Hill buyers and homeowners, that means better rates, more flexible qualifying criteria, and terms built around your financial reality. Our service is free to you on most residential mortgages. The lender pays our fee.

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Why use a broker instead of a bank?

A bank offers you their products and their rates. A mortgage broker offers you the market. We compare rates, terms, and conditions across more than 40 lenders, including options you won’t find at any single institution. For Richmond Hill buyers and homeowners, that means better rates, more flexible qualifying criteria, and terms built around your financial reality. Our service is free to you on most residential mortgages. The lender pays our fee.

Full-service brokerage

How we help Richmond Hill homeowners & buyers.

We offer a full range of mortgage solutions for Richmond Hill residents. Whatever your situation, there’s a path forward.

First Time Home Buyer

Richmond Hill is full of opportunities for first-time buyers. We guide you through every step, pre-approval, paperwork, and accessing all the incentives you’re entitled to.

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First & Second Mortgages

Buying your first Richmond Hill property or exploring a second mortgage? We shop across 40+ lenders to find you the right rate and structure for your situation.

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Bad Credit Mortgage

Been turned down because of your credit? We connect Richmond Hill buyers with lenders who look beyond the number and focus on your overall situation.

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Home Equity Line of Credit (HELOC)

If you’ve built equity in your Richmond Hill home, a HELOC can unlock it. We help you access competitive rates and borrow responsibly.

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Purchases & Refinances

Thinking about refinancing your Richmond Hill home? Or buying a new one? We compare options across dozens of lenders so you get the best fit.

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Reverse Mortgages

Richmond Hill homeowners 55 and over can access their home equity through a reverse mortgage without monthly payments or selling. We walk you through the numbers and help you determine if it’s a smart move for your retirement.

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Power of Sale / Notice of Sale

Struggling with payments on your Richmond Hill home? We have the expertise and lender relationships to help you explore refinancing before power of sale becomes the only option.

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Debt Consolidation

Carrying credit cards, car loans, and a mortgage? We help Richmond Hill homeowners consolidate high-interest debt into their mortgage: one payment, lower interest, less stress.

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Privately Funded Mortgages

When traditional lenders aren’t an option, private mortgages can fill the gap. We connect Richmond Hill residents with vetted private investors offering flexible, short-term solutions.

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Mortgage Pre-Approval

A pre-approval gives Richmond Hill buyers clarity and credibility. We make the process quick and painless so you can focus on finding the right home.

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Mortgage Renewal

Renewal time is decision time, not a formality. We help Richmond Hill homeowners compare options across 40+ lenders to get the best deal for their next term.

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Bridge Financing

Timing doesn’t always line up when you’re buying and selling in Richmond Hill. Bridge financing covers the gap so you don’t lose out.

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Mortgage & Financial Counselling

Need help figuring out your next move? We provide Richmond Hill residents with practical financial counselling, from credit repair to mortgage planning.

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Real clients · Real reviews

5.0 ★ from 210+ Google reviews.

★★★★★

I had a fantastic experience working with Neil Drepaul. He helped me navigate the entire mortgage process from start to finish with incredible professionalism. What really stood out was his kindness and patience; no matter how many questions I had, he took the time to answer every single one thoroughly.

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Indira Sumair
Posted on Google
★★★★★

It would be an understatement to say that Neil went above and beyond in guiding my family through the journey to homeownership. He was always available to inform, support, and present us with the best options possible.

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Marc Biglary
Posted on Google
★★★★★

Neil was fantastic, he went above and beyond to help us get our mortgage. He was swift with communication and made the process easy.

A
Angela McEachern
Posted on Google
Nearby

Want to talk mortgages with a team that knows Richmond Hill like the back of their hand?

Contact us today or call 905-455-5005. No pressure, no obligation — just real answers from a team that’s been helping Ontarians since 1988.

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FAQ

Mortgage Broker Richmond Hill — your questions.

Q01How much does it cost to buy a home in Richmond Hill right now?→
As of early 2026, the average home price in Richmond Hill is around $1.15 million. That said, prices vary a lot depending on the neighbourhood and property type. A condo or townhome will sit well below that average, while detached homes in popular areas can be higher. We can give you a more specific breakdown based on where you want to buy.
Q02How much do I need for a down payment in Richmond Hill?→
Based on current average prices in Richmond Hill, the minimum down payment starts around $0. In Canada, homes under $500,000 require 5% down. Between $500,000 and $999,999, it’s 5% on the first $500,000 and 10% on the rest. Over $1 million, you need at least 20%. We help you figure out what works for your budget and which programs can help reduce your upfront costs.
Q03Why should I use a mortgage broker in Richmond Hill instead of going to my bank?→
A bank only offers its own products. A mortgage broker compares options from 40+ lenders, including banks, credit unions, and alternative lenders, to find the best rate and terms for your situation. There’s no cost to you on most residential mortgages because the lender pays our fee. For Richmond Hill buyers, this means more options, better rates, and terms that actually fit your financial picture.
Q04What are closing costs when buying a home in Richmond Hill?→
Budget roughly 1.5% to 4% of your purchase price for closing costs. This covers land transfer tax, legal fees, title insurance, and adjustments. In Ontario, first-time buyers can get a rebate on up to $4,000 of the provincial land transfer tax. Richmond Hill buyers should also budget for a home inspection and appraisal if required by the lender. We walk you through all of this so there are no surprises.
Q05Should I get a fixed or variable rate mortgage in Richmond Hill?→
It depends on your risk tolerance and financial goals. Fixed rates give you predictable payments for the full term. Variable rates are tied to the Bank of Canada’s prime rate and can go up or down. In some market conditions, variable rates save money over the term, but they come with more uncertainty. We lay out both options with real numbers so you can make the call that fits your comfort level.
Q06Should I shop around when my mortgage comes up for renewal?→
Absolutely. Your current lender’s renewal offer is almost never the best rate available. We compare renewal options across 40+ lenders and often find significant savings. Even a 0.15% rate difference on a $500,000 mortgage saves you thousands over a 5-year term. There’s no cost to have us shop your renewal, and switching lenders at renewal is usually free.
Canadian Mortgage Services