Houses for Sale in Orillia, ON

Orillia are Orillia's most popular neighbourhoods. Strata.ca determines the most popular neighbourhoods by looking at a number of factors. The average sale price, average days on market, and the percentage of properties that have sold over asking are just some of the factors used to determine popularity.

Every city has its expensive neighbourhoods, and in Orillia they are none available. The average sold price is able to tell us where a neighbourhood ranks in terms of cost. If you can't afford a home in Orillia's most expensive neighbourhoods - check out other areas which offer better value, including Orillia.

The most affordable neighbourhoods in Orillia are none available. We isolate these neighbourhoods by looking at the average sold price over a set period of time. It should be noted that the average house in Orillia typically sells for $669,995.

One of the carrying costs associated with homeownership in Orillia is your property tax. This tax helps pay for a variety of services, including garbage collection and snow removal. The municipality is responsible for assessing properties and determining its property tax rate, which typically land between 0.5 and 2.5%. Some Orillia 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. 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.

The go-to website for your Orillia real estate search is Strata.ca, which showcases every property available, so you'll never miss an opportunity. This website can show what your neighbour's house sold for last year. Or how much your grandmother's home might be worth in today's market. Armed with this knowledge, users are able to compete effectively against other buyers and sellers.

Orillia has a walk score of 0, making it hard to get around the city without a car. The transit score, meanwhile, is 33, indicating that this city offers a notably smaller public transportation network. And the bike score is 26, meaning there is minimal bike infrastructure.

When looking for a house in Orillia, 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. At Strata, we advise our buyer clients to get a good estimate of closing costs early on. These costs can range anywhere from 1.5% - 2% of the overall purchase price. So consider a purchase price of $500,000 - 2% on that is $10,000 which should be accounted for upfront. 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. If you're a first-time homebuyer, however, you could be eligible for a government rebate to bring down these costs. A real estate lawyer is necessary to finalize any purchase in Orillia, so you'll want to include their fees in your closing costs. Although fees can vary, expect to set aside somewhere around $1,500 - $2,000 on closing to cover your legal costs.