There are a variety of property types to choose from when looking for real estate in Cambridge. There are 197 houses, 8 townhouses, and 17 condos for sale. For past listings, search our Cambridge sold and expired listings. The average listing price in Cambridge for all home types is $551,143, which is 22% higher than May 2017. The average list price differs significantly when broken down by home type. The average listing price of a house is $549,754, $497,215 for a townhouse, and $435,666 for a condo. There are many popular cities surrounding Cambridge, including Kitchener, Guelph, Waterloo, Brantford, Milton, Burlington, Hamilton that offer a variety of home prices and unique areas to live. Cambridge also has many options for renters with 221 active rental listings and an average lease price of $1,389.
Cambridge is home to 14 unique neighbourhoods. Popular neighbourhoods include Fiddlesticks, with 58 active real estate listings, Preston Centre, with 40 active real estate listings, and Christopher-Champlain, with 28 active real estate listings.
Residents of the city of Cambridge are expected to pay property taxes on all residences that they own. Property taxes can usually be found on each active Zoocasa listing, or can be looked up here. As of 2017, the estimated property tax residents can expect to pay is 1.218%.
There is currently no municipal land transfer tax in effect in Cambridge but the provincial land transfer tax still applies to all property purchases
See below for provincial land transfer tax rates.
|Ontario Land Transfer Tax Rates|
|$0 - $55,000||0.5%|
|$55,000.01 - $250,000||1.0%|
|$250,000.01 - $400,000||1.5%|
|$400,000.01 - $2,000,000||2.0%|
Cambridge Land Transfer Example:
Purchase price = $300,000
|Purchase Price||Subtract Tax Brackets||Rate||Non 1st Time Buyer Tax Payable||1st Time Buyer Tax Payable|
|$0 - $55,000||$55,000||0.5%||$275||$0|
|$55,000 - $250,000||$195,000||1.0%||$1,950||$0|
|$250,000 - $400,000||$150,000||1.5%||$2,250||$475|
|$400,000 - $600,000||$200,000||2.0%||$4,000||$4,000|
|Non 1st Time Buyer||1st Time Buyer|
Located at the confluence of the Grand and Speed rivers, Cambridge is part of the Regional Municipality of Waterloo. Cambridge was formed as an amalgamation between the communities of Galt, Preston, and Hespeler. The biggest employer in the city is the Toyota Motor Manufacturing plant which employs over 4,500 people. Other major industrial companies include Rimowa, Gerdau, ATS Automation Tooling Systems, and Loblaw Companies.
As of the Canada 2016 Census, there are 129,920 people dwelling within the city of Cambridge. This represents 2.5% growth from the 2011 Census population of 126,748. This growth falls behind both Ontario’s growth rate of 4.6% and Canada’s growth rate of 5.0%. Cambridge’s population is also much younger than the national average with 21.6% of residents under 14 years old and only 11% of the population over the age of 65. This equates to an average age of 35.2.
The Waterloo Region District School Board governs 104 elementary schools and 16 secondary schools across the city with 64,643 students.
|Elementary School Name||Fraser Rating (out of 10.0)|
|Secondary School Name||Fraser Rating (out of 10.0)|
|Sir John A Macdonald||7.4|
The only major shopping mall in Cambridge is Cambridge Centre. Home to over 140 stores, Cambridge Centre offers stores like H&M, Sport Chek, Hudson’s Bay, and PANDORA.
There are currently no professional sports teams that belong to Cambridge. Most residents in the municipality will visit the city of Toronto to watch professional sports.
There are currently no regulations in place for short-term rental platforms like Airbnb in the city of Cambridge.