Houses for Sale in New Tecumseth, ON

New Tecumseth's most popular neighbourhoods are Alliston, Beeton and Tottenham. 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.

The priciest neighbourhoods in New Tecumseth are Alliston. Strata.ca looks at historical data to calculate the average sale price for every neighbourhood. If you're looking for cheaper options though - Beeton also have great properties, but at much better value.

The most affordable neighbourhoods in New Tecumseth are Tottenham. Strata.ca determines this by looking at the average sold price for the past year. It should be noted that the average house in New Tecumseth typically sells for $812,606.

Homeownership in New Tecumseth comes with a number of expenses, one of them being property taxes. This tax is essential in helping the city provide a number of services, including sewer protection and road maintenance. Property tax rates are assessed and determined annually by your municipality. They usually fall somewhere between 0.5 to 2.5%. Some New Tecumseth homebuyers believe this tax is based on the size of the house. But rather, the tax rate is multiplied by the home's current market value - which can fluctuate each year based on surrounding homes. 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 updates multiple times each day, featuring all the available listings in New Tecumseth. In addition to listing details, imagine having the ability to search historical data for every property in New Tecumseth. And the best part - it's all presented in a user-friendly way, making it easy to find your dream home.

New Tecumseth has a walk score of 28, so it's more convenient to run errands with a car. The transit score, meanwhile, is 26, indicating that this city offers a notably smaller public transportation network. And the bike score is 35, meaning there is minimal bike infrastructure.

A common mistake buyers make is overlooking the closing costs associated with purchasing a house in New Tecumseth. 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 New Tecumseth 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. 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 New Tecumseth 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.