Houses for Sale in Pickering, ON

Pickering's most popular neighbourhoods are Rural Pickering, Amberlea and Liverpool. We isolate these neighbourhoods by looking at various factors that convey an area's desirability. Neighbourhoods with homes selling within the shortest time frame will usually have a higher popularity ranking.

Pickering's most priciest neighbourhoods are Dunbarton, Rosebank and Rougemount. 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're looking for cheaper options though - Amberlea , West Shore and Rural Pickering also have great properties, but at much better value.

Every city has neighbourhoods where property values tend to be cheaper - and in Pickering they are City Centre - Pickering, Village East and Rouge Park. The average sold price is able to tell us where a neighbourhood ranks in terms of cost. It should be noted that the average house in Pickering typically sells for $1,152,550.

Aside from mortgage payments, owning a house in Pickering will require that you pay an annual property tax. This tax is used to pay for several essential services, including garbage and recycling collection. The municipality is responsible for assessing properties and determining its property tax rate, which typically land between 0.5 and 2.5%. Some Pickering 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. 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 is the premier real estate website because it displays every home available in Pickering and the listings are updated multiple times per day. 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.

With a walk score of 31, Pickering is a city that often requires a car to get around. The transit score, meanwhile, is 33, indicating that this city offers a notably smaller public transportation network. For anyone with a bike, this neighbourhood offers more limited bike infrastructure, with a bike score of 34.

A common mistake buyers make is overlooking the closing costs associated with purchasing a house in Pickering. 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 Pickering would require $12,000 to be set aside for closing day. A significant portion of your closing costs will be dedicated to the land transfer tax. These taxes are based on a percentage of the total purchase price. The most common way to reduce this tax is by applying for the first-time homebuyer rebate. And finally, when buying a home in Pickering, you'll need a real estate lawyer to close the deal. A good rule of thumb is to set aside about $1,500 to $2,000 to pay out your real estate lawyer upon closing.