Houses for Sale in The Blue Mountains, ON

Every city has its most in-demand neighbourhoods, and in The Blue Mountains they are Blue Mountain Resort Area and Thornbury. Strata.ca looks at a number of indicators to rank the communities most in-demand. 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 The Blue Mountains they are Blue Mountain Resort Area. 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 The Blue Mountains' most expensive neighbourhoods - check out other areas which offer better value, including Thornbury.

The most affordable neighbourhoods in The Blue Mountains are Thornbury. Neighbourhoods are ranked by assessing the average sold price during the past 12 months. For context, it's important to note that The Blue Mountains' average house price is $1,243,089.

One of the carrying costs associated with homeownership in The Blue Mountains is your property tax. This tax is essential in helping the city provide a number of services, including sewer protection and road maintenance. Each year, the municipality determines its property tax rate - which typically falls in the range of 0.5 to 2.5%. Some The Blue Mountains 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. For example, if the assessed market value of a house is $750,000 and the property tax rate is 0.5% - the homeowner would pay $3,750 to their municipality that year.

Strata.ca is the premier real estate website because it displays every home available in The Blue Mountains and the listings are updated multiple times per day. 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.

The Blue Mountains has a walk score of 8, meaning most errands and travel within the city will require a car. Meanwhile, the transit score is 25 - indicating that only a few options exist when it comes to public transportation. For anyone with a bike, this neighbourhood offers more limited bike infrastructure, with a bike score of 29.

When purchasing a house in The Blue Mountains, you must budget for a series of charges known as 'closing costs'. These costs are necessary in order to finalize your purchase, so be sure to factor them in before 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. In Canada, all buyers are required to pay a land transfer tax when closing on a property. First-time homebuyers could be eligible for a government rebate - your real estate lawyer can help you apply for this rebate at the time of closing. Lastly, you'll need a The Blue Mountains real estate lawyer, not only to facilitate the financial transaction, but to conduct a title search and register the property under your name. Depending on the complexities of the deal, legal fees can range. But budgeting $2,000 for your lawyer is a good place to start.