Houses for Sale in Caledon, ON

It's hardly surprising that Mayfield West, Rural Caledon West and Bolton East are Caledon's most popular neighbourhoods. Strata.ca determines the most popular neighbourhoods by looking at a number of factors. Neighbourhoods with homes selling within the shortest time frame will usually have a higher popularity ranking.

Caledon's most priciest neighbourhoods are Caledon Village, Rural Caledon East and Palgrave. The average sold price is able to tell us where a neighbourhood ranks in terms of cost. Not everyone can afford a home in Caledon's priciest neighbourhoods. But Inglewood, Cheltenham and Caledon East offer incredible value at a much lower cost.

Caledon's cheapest neighbourhoods are Mono Mills, Bolton West and Bolton East. Strata.ca determines this by looking at the average sold price for the past year. Overall, houses in Caledon are selling for an average of $1,346,042.

One of the carrying costs associated with homeownership in Caledon is your property tax. This tax is essential in helping the city provide a number of services, including sewer protection and road maintenance. Property tax rates usually fall between 0.5 and 2.5%, and are set out by the local municipality. To determine how much property tax you'll pay, the city will multiply that tax rate by your home's current market value - which can fluctuate year-to-year depending on the value of neighbouring properties. This is why it's not necessarily correct when Caledon homeowners assume that the bigger their house, the more they'll pay. Let's say your home's assessed market value is $600,000 and the municipality's property tax rate is 1% - that year you'd pay $6,000.

Strata.ca features all listings in Caledon, updated multiple times daily - you won't ever miss a property when using this platform. This website can show what your neighbour's house sold for last year. Or how much your grandmother's home might be worth in today's market. This kind of intel can give you an edge in the local market.

With a walk score of 16, most Caledon residents typically require a car to get around. And with a transit score of 41, this area offers a smaller network of public transportation. And the bike score is 35, meaning there is minimal bike infrastructure.

When purchasing a house in Caledon, you must budget for a series of charges known as 'closing costs'. These costs are necessary in order to finalize your purchase, so be sure to factor them in before making an offer. When searching for a house in Caledon, buyers will typically take into account 1.5% - 2% of their budgeted purchase price for closing costs. For instance, 2% in closing costs on a $500,000 house would be $10,000. Because these charges cannot be lumped into your mortgage, it's crucial to have this money upfront upon closing. In Canada, all buyers are required to pay a land transfer tax when closing on a property. The most common way to reduce this tax is by applying for the first-time homebuyer rebate. A real estate lawyer is necessary to finalize any purchase in Caledon, so you'll want to include their fees in your closing costs. A good rule of thumb is to set aside about $1,500 to $2,000 to pay out your real estate lawyer upon closing.