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The average house price in Whitchurch-Stouffville is $1,692,223, based on Strata.ca statistics. There are currently 231 listed for sale. Houses in this location are sitting on the market for an average of 27 days. Whitchurch-Stouffville buyers have the advantage over sellers when it comes to houses in this market.
The most popular neighbourhoods in Whitchurch-Stouffville are Stouffville, Rural Whitchurch-Stouffville and Ballantrae. We isolate these neighbourhoods by looking at various factors that convey an area's desirability. Neighbourhoods with homes selling within the shortest time frame will usually have a higher popularity ranking.
It's hardly surprising that Rural Whitchurch-Stouffville are Whitchurch-Stouffville's most expensive neighbourhoods. 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. If you can't afford a home in Whitchurch-Stouffville's most expensive neighbourhoods - check out other areas which offer better value, including Ballantrae.
Every city has neighbourhoods where property values tend to be cheaper - and in Whitchurch-Stouffville they are Stouffville. We isolate these neighbourhoods by looking at the average sold price over a set period of time. Many properties in Whitchurch-Stouffville's least expensive neighbourhoods are selling below the city's average of $1,692,223.
Annual property taxes cannot be overlooked when assessing what it costs to own a house in Whitchurch-Stouffville. This tax helps fund many local services, such as snow removal, fire protection, and much more. Each year, the municipality determines its property tax rate - which typically falls in the range of 0.5 to 2.5%. 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 Whitchurch-Stouffville homeowners assume that the bigger their house, the more they'll pay. If your home's market value is $500,000, and the municipal property tax rate is 1% - your property tax for that year would be $5,000.
If you're seeking a new place to call home Whitchurch-Stouffville, 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. In addition to listing details, imagine having the ability to search historical data for every property in Whitchurch-Stouffville. This kind of intel can give you an edge in the local market.
With a walk score of 39, Whitchurch-Stouffville residents can access some amenities on foot. But for the most part, they need a car to get around. The transit score, meanwhile, is 29, indicating that this city offers a notably smaller public transportation network. And the bike score is 49, meaning there is minimal bike infrastructure.
All buyers must pay a series of closing costs when purchasing a house here. Your realtor and/or real estate agent can best advise on what these charges are. But here's a quick overview of what's involved when buying property in Whitchurch-Stouffville. When searching for a house in Whitchurch-Stouffville, buyers will typically take into account 1.5% - 2% of their budgeted purchase price for closing costs. For instance, 2% in closing costs on a $500,000 house would be $10,000. Because these charges cannot be lumped into your mortgage, it's crucial to have this money upfront upon closing. A significant portion of your closing costs will be dedicated to the land transfer tax. These taxes are based on a percentage of the total purchase price. 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. A real estate lawyer is necessary to finalize any purchase in Whitchurch-Stouffville, 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.