Houses for Sale in Timmins, ON

Every city has its most in-demand neighbourhoods, and in Timmins they are none available. Strata.ca determines the most popular neighbourhoods by looking at a number of factors. 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.

none available are Timmins' most priciest neighbourhoods. The average sold price is able to tell us where a neighbourhood ranks in terms of cost. Not everyone can afford a home in Timmins' priciest neighbourhoods. But none available offer incredible value at a much lower cost.

none available are Timmins' cheapest neighbourhoods. Strata.ca determines this by looking at the average sold price for the past year. Many properties in Timmins' 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 Timmins. This tax helps pay for a variety of services, including garbage collection and snow removal. Property tax rates are assessed and determined annually by your municipality. They usually fall somewhere between 0.5 to 2.5%. Some Timmins 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 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 features all listings in Timmins, updated multiple times daily - you won't ever miss a property when using this platform. This platform offers something extra that many others don't. In addition to property specs, Strata.ca also provides extra data and rankings. 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 Timmins. 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. In Canada, regardless of where you purchase, all buyers must pay a land transfer tax. These amounts are set up by the individual provinces, with some municipalities imposing a second tax upon closing. 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. And lastly, buying Timmins 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.