Townhouses for Sale in Temagami, ON

Every city has its most in-demand neighbourhoods, and in Temagami they are none available. Strata.ca examines specific criteria to determine a neighbourhood's level of desirability. Popularity is typically determined by assessing the following - the average sale price, average number of days that a home sits on market, plus the proportion of homes that have sold over asking.

Temagami's most priciest neighbourhoods are none available. 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. Not everyone can afford a home in Temagami's priciest neighbourhoods. But none available offer incredible value at a much lower cost.

The most affordable neighbourhoods in Temagami are none available. Strata.ca determines this by looking at the average sold price for the past year. It should be noted that the average house in Temagami typically sells for unknown.

Aside from mortgage payments, owning a house in Temagami will require that you pay an annual property tax. 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%. Some Temagami 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 Temagami and the listings are updated multiple times per day. In addition to listing details, imagine having the ability to search historical data for every property in Temagami. 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.

A common mistake buyers make is overlooking the closing costs associated with purchasing a house in Temagami. 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 Temagami would require $12,000 to be set aside for closing day. All buyers are subject to the province's land transfer tax. First-time homebuyers could be eligible to receive a rebate on a portion of taxes paid. Finally, a Temagami real estate lawyer will be necessary to conduct a title search, arrange title insurance, plus register the home under your name. Although fees can vary, expect to set aside somewhere around $1,500 - $2,000 on closing to cover your legal costs.