Houses for Sale in Milton, ON

Milton's most popular neighbourhoods are Ford, Clarke and Beaty. 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.

Every city has its expensive neighbourhoods, and in Milton they are Brookville, Esquesing and Moffat. 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 Milton's most expensive neighbourhoods - check out other areas which offer better value, including Bowes, Walker and Ford.

Milton's cheapest neighbourhoods are Milton Heights, Fallingbrook and Willmott. The average sold price is able to tell us where a neighbourhood ranks in terms of cost. For context, it's important to note that Milton's average house price is $1,342,196.

Property tax is one of the things you'll need to consider when estimating the cost of owning a house in Milton. This tax is crucial in providing local residents with essential services, including garbage collection, fire protection and policing. Each year, your municipality will determine its property tax rate, which typically lands between 0.5 and 2.5%. Some Milton residents assume they'll pay more in taxes, depending on the size of their home. However, that's not necessarily true as the city's tax rate is multiplied by the property's current market value - and that can change each year based on the sale of nearby homes. 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 Milton. Want more than just listings' Strata.ca also offers historical data and property-ranking capabilities that other sites don't have. 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.

With a walk score of 37, Milton is a city that often requires a car to get around. And with a transit score of 26, this area offers a smaller network of public transportation. Last but not least, Milton's bike score is 53, meaning there is some bike infrastructure available.

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 Milton. When searching for a house in Milton, 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. 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. If this is your first home, you can reduce closing costs by applying for a government rebate. Under this program, first-time homebuyers are reimbursed a portion of the land transfer tax. A real estate lawyer is necessary to finalize any purchase in Milton, so you'll want to include their fees in your closing costs. Be sure to put aside $2,000 to cover the cost of your real estate lawyer, although legal fees can vary.