Houses for Sale in Lake of Bays, ON

It's hardly surprising that none available are Lake of Bays' 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.

The priciest neighbourhoods in Lake of Bays are none available. Neighbourhoods are ranked by assessing the average sold price during the past 12 months, and compared to all of the other neighbourhoods in the city. If you can't afford a home in Lake of Bays' most expensive neighbourhoods - check out other areas which offer better value, including none available.

You may be surprised to discover that none available are Lake of Bays' most affordable neighbourhoods. We isolate these neighbourhoods by looking at the average sold price over a set period of time. In comparison, the average house in Lake of Bays is selling for about unknown.

Annual property taxes cannot be overlooked when assessing what it costs to own a house in Lake of Bays. This tax helps fund many local services, such as snow removal, fire protection, and much more. 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 Lake of Bays homeowners assume that the bigger their house, the more they'll pay. For example, if the assessed market value of a house is $750,000 and the property tax rate is 0.5% - the homeowner would pay $3,750 to their municipality that year.

Strata.ca features all listings in Lake of Bays, updated multiple times daily - you won't ever miss a property when using this platform. In addition to listing details, imagine having the ability to search historical data for every property in Lake of Bays. Armed with this knowledge, users are able to compete effectively against other buyers and sellers.

A common mistake buyers make is overlooking the closing costs associated with purchasing a house in Lake of Bays. These fees are standard in real estate, but can still catch you off guard if you're unprepared. 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 Lake of Bays would require $12,000 to be set aside for closing day. In Canada, all buyers are required to pay a land transfer tax when closing on a property. 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. And lastly, buying Lake of Bays 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.