There are a variety of property types to choose from when looking for real estate in Niagara Falls. There are 382 houses, 2 townhouses, and 29 condos for sale. For past listings, search our Niagara Falls sold listings and Niagara Falls expired listings The average listing price in Niagara Falls for all home types is $715,061, which is 50% higher than April 2018. The average list price differs significantly when broken down by home type. The average listing price of a house is $649,239, $347,400 for a townhouse, and $581,057 for a condo. There are many popular cities surrounding Niagara Falls, including St. Catharines, Toronto, Oakville, Hamilton, Mississauga, Burlington, Ajax that offer a variety of home prices and unique areas to live. Niagara Falls also has many options for renters with 453 active rental listings and an average lease price of $1,933.
Niagara Falls is home to 57 unique neighbourhoods. Popular neighbourhoods include Garner, with 70 active real estate listings, Drummond Industrial Basin, with 26 active real estate listings, and Merrit, with 17 active real estate listings.
Residents of Niagara Falls are expected to pay property taxes on all homes that they own. The tax rate consists of the rates as set by three government agencies: Town, Regional, and Provincial. For a home that is for sale, the property tax is usually displayed on the property’s listing page on the Zoocasa website/app.
There is currently no municipal land transfer tax in effect in Niagara Falls, but the provincial land transfer tax still applies to all property purchases. First-time home buyers in Ontario may qualify for a provincial land transfer tax rebate of up to $4,000.
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%|
Niagara Falls Land Transfer Example:
Purchase price = $600,000
|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|
Niagara Falls is a city in southeastern Ontario on the western bank of the Niagara River. The city is an enormously popular vacation destination. Tourists often enjoy marvelling at the beautiful scenery, partaking in boating activities, and enjoying mesmerizing helicopter rides. Niagara Falls has a rapidly growing population, and serves as a major source of electricity for the province of Ontario.
According to the Canadian 2016 Census, there were 88,071 individuals residing in the city of Niagara Falls. This represents a 6.1% increase from their population of 82,997 in 2011. This easily outpaces Ontario’s growth rate of 4.6% and Canada’s growth rate of 5%.
The District School Board of Niagara and the Niagara Catholic District School Board governs the elementary and secondary schools within Niagara Falls.
The largest and most popular mall within the area is Outlet Collection Niagara. With about 110 stores, it has become a highlight of the region. Additionally, residents can visit one of their many plazas including Thorold Stone Plaza, Niagara SmartCentre, and Niagara Plaza for additional shopping needs.
Niagara Falls offers a number of maintained parks, playgrounds, and trails. Some of their notable parks include Queen Victoria Park, Kingsbridge Park, and Prince Charles Park. Niagara Falls is also known for their Floral Showhouse and Botanical Gardens which offers a wide range of beautifully maintained greenery.
There are currently no professional sports teams that belong to Niagara Falls. Being close to Toronto, residents often commute to the city to cheer on teams such as the Raptors, Maple Leafs, and Blue Jays.
There are currently no regulations in place for short-term rental platforms like Airbnb in the city of Niagara Falls.
The main forms of transportation in Niagara Falls are serviced by Niagara Falls Transit and GO Transit. The GO train station in Niagara Falls is conveniently located on Bridge St, which is in the east area of the city. For residents interested in going to Toronto, the train leaves the GO station at 5:19am each day and arrives at Union Station at 8:19am. Returning to Niagara Falls is easy, with the train leaving Union Station at 5:15pm and arriving to Niagara Falls at 7:47pm.
Residents looking to travel by air can visit the Toronto Pearson International Airport (YYZ), which is about a 70 minute drive from Niagara Falls. Handling over 45 million passengers annually, Pearson is the busiest airport in Canada.
The Niagara Falls International Airport (IAG), located four miles east of downtown Niagara Falls, is a general aviation facility offering flights to popular vacation spots, such as Florida and South Carolina.
The biggest taxi company that operates within Niagara Falls is the Niagara Falls Taxi service. Other taxi services include AAA Taxi and Niagara on the Lake Taxi. Since taxis are difficult to hail on the go, it is best to book in advance or visit a train station or hotel where they are usually parked waiting for passengers.
An additional option in Niagara Falls includes Uber. Currently, Uber offers an expansive selection of options including UberX, UberXL, UberSELECT, and UberBLACK.
The backbone of Niagara Falls’ road transportation is the Queen Elizabeth Way (QEW), which extends all the way into the United States. Other notable highways in this region include the Ontario 98, 47, 116, and 102.
Residents that require health care services usually visit the Greater Niagara General Hospital, which is located west of the region, or the Niagara Falls Memorial Medical Centre, which is located east in the region.