Townhouses for Sale in The North Shore, ON

It's hardly surprising that none available are The North Shore's most popular neighbourhoods. Strata.ca examines specific criteria to determine a neighbourhood's level of desirability. Neighbourhoods with homes selling within the shortest time frame will usually have a higher popularity ranking.

It's hardly surprising that none available are The North Shore's most expensive neighbourhoods. The average sold price is able to tell us where a neighbourhood ranks in terms of cost. If you're looking for cheaper options though - none available also have great properties, but at much better value.

Every city has neighbourhoods where property values tend to be cheaper - and in The North Shore they are none available. Strata.ca assesses historical data to determine the average sale price for every neighbourhood. Many properties in The North Shore's least expensive neighbourhoods are selling below the city's average of unknown.

Homeownership in The North Shore comes with a number of expenses, one of them being property taxes. This tax is essential in helping the city provide a number of services, including sewer protection and road maintenance. Property tax rates are assessed and determined annually by your municipality. They usually fall somewhere between 0.5 to 2.5%. Some The North Shore 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 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.

If you're seeking a new place to call home The North Shore, 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. 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. With Strata.ca, you can also get historical data on every property in The North Shore. You'll have all the intel you need to outsmart the local real estate market.

A common mistake buyers make is overlooking the closing costs associated with purchasing a house in The North Shore. These fees are standard in real estate, but can still catch you off guard if you're unprepared. 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. 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 this is your first home, you can reduce closing costs by applying for a government rebate. Under this program, first-time homebuyers are reimbursed a portion of the land transfer tax. And lastly, buying The North Shore 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.