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Those wanting to buy a house in this city have about 457 listings to choose from. Houses in this location are sitting on the market for an average of 19 days. Buyers and sellers are pretty evenly matched when it comes to houses for sale in Guelph.
Grange Hill East, Hanlon Creek and Westminster Woods are Guelph's most popular neighbourhoods. Strata.ca looks at a number of indicators to rank the communities most in-demand. Some of these factors include the average sale price, how much time a property typically spends on market, and the number of homes that have sold over asking.
Westminster Woods, Arboretum and Guelph South are Guelph's most priciest neighbourhoods. Strata.ca determines this by looking at the average sold price for the past year and contrasts it with other neighbourhoods. If you're looking for value, Guelph's priciest neighbourhoods may not be ideal. Instead, check out Parkwood Gardens, Hanlon Creek and Waverley for other alternatives.
Guelph's cheapest neighbourhoods are Two Rivers, Onward Willow and The Junction - Guelph. Neighbourhoods are ranked by assessing the average sold price during the past 12 months. In comparison, the average house in Guelph is selling for about $904,615.
One of the carrying costs associated with homeownership in Guelph 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%. 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 Guelph homeowners assume that the bigger their house, the more they'll pay. For instance, if your home's market value is $800,000 and the municipality's property tax rate is 0.5%, you'd pay $4,000 that year.
Strata.ca updates multiple times each day, featuring all the available listings in Guelph. But why settle for basic property details when you could unlock Guelph's real estate history! This kind of intel can give you an edge in the local market.
With a walk score of 17, most Guelph residents typically require a car to get around. Meanwhile, the transit score is 11, making it more challenging to get around the city using public transportation. For anyone with a bike, this neighbourhood offers more limited bike infrastructure, with a bike score of 38.
When purchasing a house in Guelph, 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. Buyers are not allowed to roll closing costs into their mortgage. So be prepared to budget anywhere up to 2% of the purchase price. For instance, 2% on a $600,000 house in Guelph would require $12,000 to be set aside for closing day. 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. The most common way to reduce this tax is by applying for the first-time homebuyer rebate. And finally, when buying a home in Guelph, 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.