Townhouses for Sale in North York, ON

North York's most popular neighbourhoods are Downsview, Willowdale and Newtonbrook. Strata.ca looks at a number of indicators to rank the communities most in-demand. Neighbourhoods with homes selling within the shortest time frame will usually have a higher popularity ranking.

North York's most priciest neighbourhoods are Nortown | Bedford Park, York Mills and Bridle Path | Sunnybrook Park. The average sold price is able to tell us where a neighbourhood ranks in terms of cost. Not everyone can afford a home in North York's priciest neighbourhoods. But Hillcrest Village, Westminster | Branson and Victoria Village offer incredible value at a much lower cost.

Jane and Finch | Glenfield, Humbermede | Emery and Humber Summit are North York's cheapest neighbourhoods. The average sold price is able to tell us where a neighbourhood ranks in terms of cost. Many properties in North York's least expensive neighbourhoods are selling below the city's average of $1,939,678.

Property tax is one of the things you'll need to consider when estimating the cost of owning a house in North York. This tax helps pay for a variety of services, including garbage collection and snow removal. Each year, your municipality will determine its property tax rate, which typically lands 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 North York homeowners assume that the bigger their house, the more they'll pay. Let's say your home's assessed market value is $600,000 and the municipality's property tax rate is 1% - that year you'd pay $6,000.

Strata.ca features all listings in North York, updated multiple times daily - you won't ever miss a property when using this platform. Want more than just listings' Strata.ca also offers historical data and property-ranking capabilities that other sites don't have. With Strata.ca, you can also get historical data on every property in North York. You'll have all the intel you need to outsmart the local real estate market.

North York has a walk score of 58, making the city only somewhat walkable. You may need a car, but won't be entirely dependent on it. Meanwhile, the transit score is 71, making it easy to get around the city on public transportation. Last but not least, North York's bike score is 50, meaning there is some bike infrastructure available.

When looking for a house in North York, many buyers will overlook the closing costs. It's important to be aware of what these costs are, so you can budget accordingly prior to making an offer. When searching for a house in North York, 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. The most common way to reduce this tax is by applying for the first-time homebuyer rebate. And lastly, buying North York 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.