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Those wanting to buy a house in this city have about 124 listings to choose from. Buyers should know that the average selling time of a house here is 38 days. So if you're looking to buy a house in Clearview, it's important to note that buyers currently have a significant advantage over sellers.
Every city has its most in-demand neighbourhoods, and in Clearview they are Stayner, Creemore and New Lowell. Strata.ca examines specific criteria to determine a neighbourhood's level of desirability. Popularity is typically determined by assessing the following - the average sale price, average number of days that a home sits on market, plus the proportion of homes that have sold over asking.
Clearview's most priciest neighbourhoods are Singhampton and Nottawa. Strata.ca determines this by looking at the average sold price for the past year and contrasts it with other neighbourhoods. If you can't afford a home in Clearview's most expensive neighbourhoods - check out other areas which offer better value, including Creemore and New Lowell.
Stayner and Brentwood are Clearview's cheapest neighbourhoods. We isolate these neighbourhoods by looking at the average sold price over a set period of time. In comparison, the average house in Clearview is selling for about $970,205.
One of the carrying costs associated with homeownership in Clearview is your property tax. This tax is used to pay for several essential services, including garbage and recycling collection. Property tax rates are assessed and determined annually by your municipality. They usually fall somewhere between 0.5 to 2.5%. 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 Clearview homeowners assume that the bigger their house, the more they'll pay. If your home's market value is $500,000, and the municipal property tax rate is 1% - your property tax for that year would be $5,000.
If you're seeking a new place to call home Clearview, Strata.ca can help you. Our website lets you search for every property on the market. It's a one-stop-shop for your real estate journey. 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. With Strata.ca, you can also get historical data on every property in Clearview. You'll have all the intel you need to outsmart the local real estate market.
Clearview has a walk score of 12, meaning most errands and travel within the city will require a car. And with a transit score of 25, this city offers few public transportation options. For cyclists, the neighbourhood offers a bike score of 36, meaning there is limited bike infrastructure.
A common mistake buyers make is overlooking the closing costs associated with purchasing a house in Clearview. These fees are standard in real estate, but can still catch you off guard if you're unprepared. 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. The land transfer tax will make up most of your closing costs. In Canada, all buyers are subject to the LTT imposed by the province. If you're a first-time homebuyer, however, you could be eligible for a government rebate to bring down these costs. And lastly, buying Clearview real estate will require a lawyer you can trust. You'll need to find someone who specializes in this as they'll be finalizing your purchase. Depending on the complexities of the deal, legal fees can range. But budgeting $2,000 for your lawyer is a good place to start.