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    What is the current state of the real estate market for houses in Loyalist? Is it a buyer's or seller's market?

    If you're looking to buy, 34 are on the market. Houses in this location are sitting on the market for an average of unknown days.

    What are some of the most popular neighbourhoods?

    Loyalist's most popular neighbourhoods are none available. We assess how much interest there is for a neighbourhood by looking at various statistics. Neighbourhoods with homes selling within the shortest time frame will usually have a higher popularity ranking.

    What are the most expensive neighbourhoods for houses?

    Loyalist's most priciest neighbourhoods are none available. 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're looking for value, Loyalist's priciest neighbourhoods may not be ideal. Instead, check out none available for other alternatives.

    What are the cheapest neighbourhoods for houses?

    Every city has neighbourhoods where property values tend to be cheaper - and in Loyalist they are none available. Strata.ca determines this by looking at the average sold price for the past year. Many properties in Loyalist's least expensive neighbourhoods are selling below the city's average of unknown.

    How do property taxes work in Loyalist?

    Annual property taxes cannot be overlooked when assessing what it costs to own a house in Loyalist. This tax is essential in helping the city provide a number of services, including sewer protection and road maintenance. Each year, your municipality will determine its property tax rate, which typically lands between 0.5 and 2.5%. Some Loyalist 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.

    What is the best source for Loyalist real estate listings?

    Strata.ca is the premier real estate website because it displays every home available in Loyalist 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. Armed with this knowledge, users are able to compete effectively against other buyers and sellers.

    What are the typical closing costs for purchasing a house in Loyalist?

    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 Loyalist. 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. All buyers are subject to the province's land transfer tax. 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. A real estate lawyer is necessary to finalize any purchase in Loyalist, 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.