Houses for Sale in Fort Erie, ON

Every city has its most in-demand neighbourhoods, and in Fort Erie they are Ridgeway, Crystal Beach and Fort Erie. We isolate these neighbourhoods by looking at various factors that convey an area's 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.

Every city has its expensive neighbourhoods, and in Fort Erie they are Stevensville, Ridgeway and High Pointe. We isolate these neighbourhoods by looking at the average sold price over a set period of time. Not everyone can afford a home in Fort Erie's priciest neighbourhoods. But Douglastown, Lakeshore - Fort Erie and Crescent Park offer incredible value at a much lower cost.

Fort Erie, Bridgeburg and Crystal Beach are Fort Erie's cheapest neighbourhoods. We isolate these neighbourhoods by looking at the average sold price over a set period of time. Many properties in Fort Erie's least expensive neighbourhoods are selling below the city's average of $641,466.

Annual property taxes cannot be overlooked when assessing what it costs to own a house in Fort Erie. This tax helps fund many local services, such as snow removal, fire protection, and much more. Each year, the municipality determines its property tax rate - which typically falls in the range of 0.5 to 2.5%. Fort Erie 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 property's market value is $700,000 and the municipal property tax rate is 0.5%. This means you'd owe $3,500 in property taxes that year.

Strata.ca is the premier real estate website because it displays every home available in Fort Erie and the listings are updated multiple times per day. 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.

Fort Erie has a walk score of 8, meaning most errands and travel within the city will require a car. The transit score, meanwhile, is 0 - resulting in a much more limited public transportation network. And the bike score is 28, meaning there is minimal bike infrastructure.

All buyers must pay a series of closing costs when purchasing a house here. Your realtor and/or real estate agent can best advise on what these charges are. But here's a quick overview of what's involved when buying property in Fort Erie. When searching for a house in Fort Erie, 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. 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. First-time homebuyers could be eligible for a government rebate - your real estate lawyer can help you apply for this rebate at the time of closing. Finally, a Fort Erie real estate lawyer will be necessary to conduct a title search, arrange title insurance, plus register the home under your name. Be sure to put aside $2,000 to cover the cost of your real estate lawyer, although legal fees can vary.