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Richmond Hill at a glance
- Population, 2021202,0223.6% more than in 2016
- Median age43.6years
- Immigrants58.2%116,855 people
- Households that own78.2%of 69,315 households in total
- Top non-official mother tonguesMandarin, Cantonesesingle responses
The 2021 Census counted 202,022 people in Richmond Hill. The median age was 43.6, and 58.2% of residents in private households were immigrants. Mandarin (25,795) and Cantonese (22,705) were the two most common non-official mother tongues.
78.2% of households owned their home, with 2.9 people in the average household.
Source: Statistics Canada, 2021 Census Profile. Richmond Hill figures: Statistics Canada, 2021 Census Profile, census subdivision Richmond Hill, Town (T). Data tables 98-10-0002, 98-10-0022, 98-10-0173, 98-10-0240 and 98-10-0307. For Richmond Hill, the immigrant share is of people in private households and mother tongue counts are single responses. Retrieved 2026-11-05.
What that means for life insurance in Richmond Hill
An older median age means more people are in their forties, fifties and sixties. That is when children are finishing school, mortgages may be nearing their end and retirement is coming into view. Term cover bought a decade earlier may be close to expiring, which prompts the question of whether to renew, convert it or let it lapse.
Health matters more with age, because insurers price on health history. People often look at critical illness insurance next to life insurance: it pays a lump sum if you are diagnosed with a listed illness while alive. Our page on critical illness insurance explains the difference.
When people hold homes or savings in more than one country, a will and beneficiary designations need to line up with where assets sit. Cover that pays out in cash can make that easier for a surviving spouse.
How meetings work for Richmond Hill residents
Advisors meet by phone or video anywhere in Ontario. Many Richmond Hill families include several generations, and relatives can join the same call.
You can find the firm at 180 Steeles Ave West, Unit 213, Thornhill, ON L4J 2L1. An advisor makes contact within a business day of your request. Families who want to meet face to face can book an appointment at the office.
Getting life insurance quotes in Richmond Hill
Check what you hold now
Existing term policies, their end dates, and any group plan from work.
Compare sample prices
See illustrative prices for different ages and terms from several insurers.
Talk with an advisor
Review renewal, conversion and critical illness options in plain language.
To start in Richmond Hill, open life insurance quotes, read the overview of life insurance in Canada, or browse life insurance across Ontario.
Questions about life insurance in Richmond Hill
My term policy ends in two years. What are my options in Richmond Hill?
Many term policies can be renewed at a higher price, converted to permanent cover within a set window, or replaced by a new policy that requires a fresh health review. The conversion window and the renewal price are in your contract.
Is critical illness insurance the same as life insurance?
No. Life insurance pays after death. Critical illness insurance pays a lump sum if you are diagnosed with a covered condition, such as cancer, a heart attack or a stroke, and survive the waiting period in the contract.
Do I need to update my beneficiary if my family lives abroad?
You name beneficiaries by name and relationship, and the insurer pays the person named. A lawyer can advise on how the designation interacts with a will, particularly for family in another country.
Is Richmond Hill priced differently from Markham or Vaughan?
Sample prices ask for age, province and nicotine use rather than city. People with the same answers across the three cities see the same sample price before the insurer reviews their health.
Nearby cities and related pages
Markham is on the east side of Richmond Hill and Vaughan on the west.
- Life insurance in Markham
- Life insurance in Vaughan
- Critical illness insurance
- Life insurance in Ontario
- Life insurance quotes
Education only, not advice. This page explains how life insurance generally works for people in Richmond Hill and what the 2021 Census shows. Each policy’s terms are set by the insurer’s contract. For advice on your own situation, talk with a licensed advisor.
