Living at ERA 2 Condos near Richmond Hill Centre, Richmond Hill: 2027 Buyer and Renter Guide

By Jatin Dua · Broker of Record, RE/MAX Quantum Realty · Updated 2 November 2026 · 10 min read — A plain 2027 guide to ERA 2, Pemberton’s newest towers on Oneida Crescent beside Richmond Hill Centre and the future subway hub.

This guide is for buyers, investors and renters who want a condo right beside Richmond Hill Centre, the transit hub at Yonge Street and Highway 7. People often search this area as Richmond Hill Centre condos or Bayview Hill condos; the newest finished building in the cluster is ERA 2 on Oneida Crescent, so that is the one I cover here. You will get verified building facts, how costs work in a building with electric heat on your own meter, city-wide prices and rents, and what the subway project means for you in 2027.

Where is ERA 2 and what is nearby?

ERA 2 is at 95 and 105 Oneida Crescent, in Pemberton’s cluster of towers at Yonge Street and Highway 7, in the area listing sites call Langstaff. By my own measurement on OpenStreetMap, the building is about 500 metres in a straight line from the Richmond Hill Centre bus terminal. Langstaff GO station is part of the same hub, and its north parking lot is off Red Maple Road.

Pemberton describes ERA as part of its master-planned community at Yonge Street and Highway 7, with landscaped grounds, a courtyard garden, walkways and a covered driveway to the entrance. For most daily errands, expect a walk to Yonge Street or a short drive along Highway 7.

A quick note to avoid confusion: there is an older Pemberton building called ERA at Yonge, registered in 2008, also on Oneida Crescent. ERA 2 is the newer building. Always check the address and corporation number on a listing.

Who built ERA 2 and when was it finished?

Pemberton Group built ERA 2. A building-data website lists it as one condominium corporation, York Region Condominium Corporation (YRCC) No. 1545, registered on 30 May 2024, with 575 suites over 30 floors. Pemberton describes the project as two towers rising over a shared podium.

Because the building is so new, the Tarion new home warranty still matters. Tarion’s common element warranty starts on the date of registration: a one-year warranty, a two-year warranty for items such as water leaks through foundation walls and defects in windows, doors and caulking, and coverage for major structural defects up to seven years. Based on the registration date, the one- and two-year periods have now ended, and major structural defect coverage runs to about May 2031. Ask the corporation what warranty claims it filed and whether they were resolved.

What suite sizes and finishes does ERA 2 have?

A building-data website gives a suite range of roughly 500 to 1,400 sq ft, so the mix is mostly one-bedrooms, one-bedroom-plus-dens and two-bedrooms, with a few larger units. Listings in November 2026 were mostly in the 500 to 900 sq ft range.

Pemberton’s published features include:

• stainless steel kitchen appliances and a stacked washer and dryer
• smooth-finished ceilings and 7.5-inch wide laminate flooring
• quartz counters in kitchens and bathrooms
• a balcony or patio, depending on the plan
• individually controlled heating and air conditioning through a vertical fan coil with an electric duct heater
• an individual hydro meter for each suite

The last two points shape your monthly costs, which I cover below.

What amenities does ERA 2 have?

Pemberton’s ERA amenity page describes:

• an indoor pool
• a fitness centre with floor-to-ceiling windows looking out on the terrace
• a party room with a fireplace, lounge seating and a bar
• a landscaped outdoor terrace with an outdoor fireplace and seating alcoves

Ask the management office which facilities are open, what the booking rules are and whether any amenity is shared with a neighbouring building. In master-planned communities, sharing agreements between corporations are common and they affect your costs.

How much are the maintenance fees at ERA 2?

No official fee schedule is published. Fees advertised on listings in November 2026 ran from about $464 a month for a 500 to 599 sq ft one-bedroom to about $673 for an 800 to 899 sq ft two-bedroom. By my arithmetic, that is about 80 to 85 cents per square foot per month.

The fee is only part of the picture. With an individual hydro meter and electric heating in each suite, you pay your own heating, cooling and lights on your hydro bill. When you compare ERA 2 with an older Richmond Hill building where the fee includes heat and air conditioning, add an estimate of your hydro bill to the ERA 2 fee before deciding which is cheaper. Ask the seller for recent hydro bills, including a winter month.

Young buildings also often see fee changes in their first years as the board replaces the developer’s starting budget with real costs. The status certificate shows the current fee, the budget and the reserve fund. My guide to reading an Ontario status certificate explains what to look for.

What do ERA 2 condos sell and rent for?

I do not publish prices for individual suites. Here is the Richmond Hill market that every ERA 2 seller competes in.

Source: TRREB MLS data via REALM, January to October 2026 vs the same period of 2025 (City of Richmond Hill, all condo apartments); October row from TRREB Market Watch, October 2026. Not building-specific.

The October median was $499,000, and sellers got 97% of their asking price on average. At October’s pace, there were about six and a half months of supply, by my calculation. In a newer building, some sellers bought before construction at prices set years ago, so ask how long a suite has been listed and whether the price has already been cut.

For renters, TRREB’s Rental Market Report for Q2 2026 put average Richmond Hill condo leases at $2,310 a month for a one-bedroom and $2,910 for a two-bedroom. My Richmond Hill rent guide has the full breakdown.

Renters should know one key rule. Units first occupied for residential purposes after 15 November 2018 are exempt from Ontario’s rent increase guideline. ERA 2 was occupied in the last few years, so its suites are exempt. A landlord still needs 12 months between increases and 90 days’ written notice, but the increase is not capped at the 1.9% guideline for 2027. Negotiate that into your lease if it matters to you.

How do you get around from ERA 2?

Transit is the main reason to live here. Richmond Hill Centre and Langstaff GO are a short walk away, with GO trains on the Richmond Hill line, GO buses, and York Region Transit and Viva buses. Highway 7 and the 407 are minutes away by car.

The Yonge North Subway Extension will add Line 1 subway service. Metrolinx describes about eight kilometres of new subway with five stations, opening after the Ontario Line is complete, with no confirmed date. The future Bridge Station at Langstaff GO will connect GO buses, local and regional buses and GO trains. The first tunnel boring machine arrived at the launch shaft in September 2026.

That progress comes with disruption. On 28 April 2026, Metrolinx closed the south GO parking lot and pick-up area at Langstaff GO for an extended period to move utilities and prepare the transit hub site; the north lot off Red Maple Road stays open. Expect noise, trucks and detours around the station area through 2027 and beyond.

What are the pros and cons of ERA 2?

Pros

• The closest new towers to Richmond Hill Centre, Langstaff GO and the future Bridge Station.
• Recent construction with modern finishes and in-suite climate control.
• Indoor pool, fitness centre, party room and landscaped terrace.
• Suites are exempt from rent control, which appeals to investors.

Cons

• Heating and cooling are on your own hydro bill.
• Years of subway construction next door.
• A young corporation whose fees may still be settling.
• Many similar suites in the cluster competing for buyers and tenants.

Who is ERA 2 best for?

• Transit commuters who use GO trains or buses daily and want to be near the future subway.
• First-time buyers who want a newer building with a pool and gym.
• Investors with a long time horizon who understand the construction trade-off.
• Renters who want new finishes and quick access to Highway 7 and the 407.

It suits buyers less well if you want a quiet setting, a fee that covers utilities, or a large suite. For other options around Yonge and Highway 7, see my top five condos to buy in Richmond Hill.

Should you buy or rent at ERA 2 in 2027?

Buyers have leverage in the Richmond Hill condo market today. The rate picture has turned, though. The Bank of Canada raised its policy rate to 2.50% on 28 October 2026 and big-bank prime rose to 4.70%. The next decision is on 9 December 2026. Any forecast about where rates go next is only a forecast.

At the city median of $529,250, the minimum down payment is $27,925. First-time buyers can claim up to $4,000 back on Ontario land transfer tax, and Richmond Hill has no municipal land transfer tax. If you own here and are thinking of selling, my guide to what your Richmond Hill condo is worth explains how buyers are comparing suites right now.

What to do next

1. Ask the seller for 12 months of hydro bills and add them to the fee.
2. Get the status certificate and check the budget, reserve fund and any Tarion claims.
3. Visit on a weekday to see and hear the station construction.
4. If renting, agree in writing how future increases will work, since rent control does not apply.
5. Run your numbers in the estimator on this page and book a call with me to compare ERA 2 with nearby buildings.

Frequently asked questions

Sources

• ERA features (Pemberton Group)
• ERA site plan and amenities (Pemberton Group)
• ERA 2, 95 and 105 Oneida Crescent (building-data website)
• GO bus service and parking changes at Langstaff GO (Metrolinx)
• Yonge North Subway Extension (Metrolinx)
• Condominium common elements warranty coverage (Tarion)
• TRREB Market Watch, October 2026
• TRREB Rental Market Report, Q2 2026

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