Houses for Sale in Sault Ste. Marie, ON

It's hardly surprising that none available are Sault Ste. Marie's most popular neighbourhoods. Strata.ca examines specific criteria to determine a neighbourhood's level of desirability. Some of these factors include the average sale price, how much time a property typically spends on market, and the number of homes that have sold over asking.

Every city has its expensive neighbourhoods, and in Sault Ste. Marie they are none available. Strata.ca determines this by looking at the average sold price for the past year and contrasts it with other neighbourhoods. If you can't afford a home in Sault Ste. Marie's most expensive neighbourhoods - check out other areas which offer better value, including none available.

Every city has neighbourhoods where property values tend to be cheaper - and in Sault Ste. Marie they are none available. The average sold price is able to tell us where a neighbourhood ranks in terms of cost. Many properties in Sault Ste. Marie's least expensive neighbourhoods are selling below the city's average of unknown.

Property tax is one of the things you'll need to consider when estimating the cost of owning a house in Sault Ste. Marie. This tax is essential in helping the city provide a number of services, including sewer protection and road maintenance. The municipality is responsible for assessing properties and determining its property tax rate, which typically land between 0.5 and 2.5%. This tax is not necessarily dictated by the size of your house, which is what many Sault Ste. Marie homeowners tend to believe. But rather, the city's tax rate is multiplied by the property's current market value - and that can fluctuate year-to-year based on recently sold homes. 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 updates multiple times each day, featuring all the available listings in Sault Ste. Marie. 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. This kind of intel can give you an edge in the local market.

When looking for a house in Sault Ste. Marie, 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 Sault Ste. Marie 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. If you're a first-time homebuyer, however, you could be eligible for a government rebate to bring down these costs. And finally, when buying a home in Sault Ste. Marie, 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.