Houses for Sale in Cambridge, ON

Every city has its most in-demand neighbourhoods, and in Cambridge they are Christopher-Champlain, Blair Road and Fiddlesticks. We isolate these neighbourhoods by looking at various factors that convey an area's desirability. The average sale price, average days on market, and the percentage of properties that have sold over asking are just some of the factors used to determine popularity.

The priciest neighbourhoods in Cambridge are Grow Community Centre, Blair Road and Fiddlesticks. We isolate these neighbourhoods by looking at the average sold price over a set period of time. If you can't afford a home in Cambridge's most expensive neighbourhoods - check out other areas which offer better value, including Preston Centre, Lang's Farm and Southwood - Kinbridge.

Cambridge's cheapest neighbourhoods are Downtown Cambridge, Greenway-Chaplin and Preston Heights. The average sold price is able to tell us where a neighbourhood ranks in terms of cost. It should be noted that the average house in Cambridge typically sells for $774,536.

One of the carrying costs associated with homeownership in Cambridge is your property tax. This tax is used to pay for several essential services, including garbage and recycling collection. The municipality is responsible for assessing properties and determining its property tax rate, which typically land between 0.5 and 2.5%. Cambridge homebuyers will often assume that the bigger the house, the more they'll pay. But this isn't necessarily true as the tax rate is multiplied by the home's current market value, which can change year-to-year based on recently sold properties. 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 Cambridge, 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. From the average sale price to appreciation rates - Strata.ca gives you the power to learn every aspect of the neighbourhoods you're interested in.

Residents of Cambridge usually need a car to get around, given the city's walk score of 3. And with a transit score of 29, this area offers a smaller network of public transportation.

When purchasing a house in Cambridge, 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. The average closing costs in this city will typically come to about 1.5% - 2% of the purchase price, although this can vary. For example, 2% in closing costs on an $800,000 house would be $16,000 that you need to budget for. In Canada, regardless of where you purchase, all buyers must pay a land transfer tax. These amounts are set up by the individual provinces, with some municipalities imposing a second tax upon closing. First-time homebuyers could be eligible to receive a rebate on a portion of taxes paid. And finally, when buying a home in Cambridge, you'll need a real estate lawyer to close the deal. A good rule of thumb is to set aside about $1,500 to $2,000 to pay out your real estate lawyer upon closing.