Houses for Sale in East York, Toronto, ON

The most popular neighbourhoods in East York are Danforth VIllage, Leaside and Woodbine - East York. Strata.ca looks at a number of indicators to rank the communities most in-demand. Indicators include the average time a property spends on market, the average sale price, plus the percentage of homes that have sold over asking.

East York's most priciest neighbourhoods are Broadview North , Playter Estates and Leaside. 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. Buying in East York's priciest neighbourhoods may not be ideal if you're seeking good value. O'Connor - Parkview, Danforth VIllage and Old East York could be much better options.

Thorncliffe, Crescent Town and Woodbine - East York are East York's cheapest neighbourhoods. Neighbourhoods are ranked by assessing the average sold price during the past 12 months. In comparison, the average house in East York is selling for about $1,369,347.

Homeownership in East York comes with a number of expenses, one of them being property taxes. This tax is used to pay for several essential services, including garbage and recycling collection. Property tax rates usually fall between 0.5 and 2.5%, and are set out by the local municipality. To determine how much property tax you'll pay, the city will multiply that tax rate by your home's current market value - which can fluctuate year-to-year depending on the value of neighbouring properties. This is why it's not necessarily correct when East York homeowners assume that the bigger their house, the more they'll pay. 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 updates multiple times each day, featuring all the available listings in East York. 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 East York. You'll have all the intel you need to outsmart the local real estate market.

East York has an impressive walk score of 81, making it convenient for those wanting to be steps away from a variety of neighbourhood amenities. The transit score, meanwhile, is 80 - providing residents with an impressive public transportation network. Last but not least, East York's bike score is 64, meaning there is some bike infrastructure available.

When looking for a house in East York, 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 East York would require $12,000 to be set aside for closing day. In Canada, all buyers are required to pay a land transfer tax when closing on a property. The most common way to reduce this tax is by applying for the first-time homebuyer rebate. A real estate lawyer is necessary to finalize any purchase in East York, so you'll want to include their fees in your closing costs. Although fees can vary, expect to set aside somewhere around $1,500 - $2,000 on closing to cover your legal costs.