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There are currently 582 listed for sale. It's helpful to note that houses in this location are typically sitting on the market for an average of 16 days. Between buyers and sellers, the market for houses in Oshawa is fairly balanced overall.
Oshawa's most popular neighbourhoods are Donevan, Eastdale and Samac. We isolate these neighbourhoods by looking at various factors that convey an area's desirability. Indicators include the average time a property spends on market, the average sale price, plus the percentage of homes that have sold over asking.
It's hardly surprising that Columbus, Rural Oshawa and Raglan are Oshawa's most expensive neighbourhoods. Strata.ca determines this by looking at the average sold price for the past year and contrasts it with other neighbourhoods. If you're looking for value, Oshawa's priciest neighbourhoods may not be ideal. Instead, check out Centennial, Samac and Eastdale for other alternatives.
You may be surprised to discover that Stevenson, Central Oshawa and Vanier - Oshawa are Oshawa's most affordable neighbourhoods. The average sold price is able to tell us where a neighbourhood ranks in terms of cost. In comparison, the average house in Oshawa is selling for about $953,124.
Property tax is one of the things you'll need to consider when estimating the cost of owning a house in Oshawa. This tax helps fund many local services, such as snow removal, fire protection, and much more. The municipality is responsible for assessing properties and determining its property tax rate, which typically land between 0.5 and 2.5%. Some Oshawa 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. If your home's market value is $500,000, and the municipal property tax rate is 1% - your property tax for that year would be $5,000.
If you're seeking a new place to call home Oshawa, Strata.ca can help you. Our website lets you search for every property on the market. It's a one-stop-shop for your real estate journey. 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 33, Oshawa is a city that often requires a car to get around. And with a transit score of 41, this city offers few public transportation options. And the bike score is 47, meaning there is minimal bike infrastructure.
When looking for a house in Oshawa, 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. 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 Oshawa 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. If you're a first-time homebuyer, however, you could be eligible for a government rebate to bring down these costs. And lastly, buying Oshawa 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. Although fees can vary, expect to set aside somewhere around $1,500 - $2,000 on closing to cover your legal costs.