Severn Real Estate Market Reports and Trends

Severn Real Estate Market Guide

Get up-to-date information on the current real estate market in Severn with our comprehensive market guide. Whether you are searching for the latest trends, data, mortgage rates, upcoming open houses, or insights into the best neighbourhoods, our guide will provide you with a complete overview of real estate prices and inventory. Additionally, we can connect you with the top real estate agents in the area. At, we aim to assist you in making a successful real estate purchase in Severn, Ontario.

July 2024 Mortgage Report

Review this month's current mortgage rates and how they compare versus 6 months for fixed and variable rates with our quick reference Mortgage Rate Report.

Latest mortgage rates

RatesJul 2024Jan 2024 (6 months)
3 Year Fixed5.09% 5.44%
3 Year Variable6.15% 6.20%
5 Year Fixed4.69% 4.89%
5 Year Variable5.80% 5.90%
Mortgage rates provided by

A valid purchase price is needed. Please try again.

A mortgage is often a necessary part of buying a home, but it can be challenging to understand what you can afford. This calculator can help you estimate mortgage payment options based on the purchase price. To help you get started, we entered the average price of homes listed on the Severn real estate market.

Purchase Price $1,133,386

The purchase price dictates how much to borrow. Enter the price of the home you are interested in buying to determine your estimate monthly payments.

Down Payment $56,669 (at 5% down)

The amount of money you pay up front to obtain a mortgage. The minimum down payment is 5% and for down payments of less than 20%, home buyers are required to purchase mortgage default insurance, commonly referred to as CMHC insurance.

Mortgage Insurance $38,762

Mortgage default insurance, commonly referred to as CMHC insurance, protects the lender in the case the borrower defaults on the mortgage. Mortgage default insurance is required on all mortgages with down payments of less than 20%, which are known as high ratio mortgages. Mortgage default insurance is calculated as a percentage and is applied to your mortgage amount.

Mortgage Amount $1,115,479

The price of your new home, less the down payment, plus mortgage insurance, if applicable.

Mortgage Rate 5.09%

The rate of interest you will pay on the outstanding balance of your mortgage.

Mortgage Type 3 Year Fixed

The mortgage type includes the term of the mortgage, between 1 and 10 years and the rate type, variable or fixed. The mortgage term is the length of time you commit to the terms, conditions and mortgage rate. The mortgage rate type can be fixed for the duration of the term or variable, fluctuating with the prime rate. Fixed rates are most popular and represent 66% of all mortgages, according to the Canadian Association of Accredited Mortgage Professionals.

$6,318 (monthly)
$3,155 (biweekly)
$3,159 (accelerated)

Found a house on that you like? Use our mortgage calculator to determine a mortgage payment option and affordability with the latest mortgage rates to determine the right type of mortgage for you.

We want to help you with moving to Severn Ontario. Contact our preferred mortgage experts to work with an agent on a personalized mortgage solution with a guaranteed low Mortgage Rate from the get-go with nesto!

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Severn Open Houses

As a potential buyer, an open house opens the door to help you make an informed decision about a property before making an offer. Check below for properties with open houses currently listed on the MLS® market in Severn.

For further benefits of visiting an Open house if you are a buyer or hosting an open house if you are a seller. Check out our questions & answers for buyers and sellers.

Open House Questions and Answers

What are the benefits of visiting an Open House as a home buyer?

They allow you to preview properties in person before putting in an offer. They will enable you to gain neighbourhood insights by talking with nearby neighbours. They allow you to ask the listing agent about the current market trends for that neighbourhood and find out details such as upgrade options and needed renovations. They also allow you to feel less anxious and overwhelmed when you put in an offer.

What are the benefits of having an Open House as a home seller?

They allow you to increase the visibility of your home and shorten its time on the market. They allow you to attract additional buyers who may be early in the home-buying process. They allow you to set your house apart from the other listings within the same price range. They also allow you to make it easier on buyers unsure if your home or neighbourhood fits their needs.

For more information on buying and selling real estate in Ontario. Check out our Buyer and Seller Guides.

Buyers GuideSellers Guide

Start your Severn Home Search the right way with these Four Search Options

At you can personalize your search results to fit you. Narrow down quickly and efficiently the properties that you are interested in by using one of these search options.

Search Homes Near Me

Are you in the Severn area right now? Click on the map to browse available properties in Severn near your current GPS location. Personalize your distance between 2KM and 20KM to allow you to narrow in on what is available right now near you. Search Near Me Now.

Severn Homes Near Me Search

111 Properties

Search Types of Properties in Severn

Have a specific type of property in mind? Check out listings within Severn by property type. Find condos, single-family homes, farms, waterfront properties and more with our Property Type Search.

Search Latest Properties on the Market

Discover homes and condos as they get added to the real estate market by exploring MLS® listings published within the last fourteen or thirty days. Don't miss out on grabbing the best properties in Severn.

Search Nearby Communities

Are you exploring your options on where to buy and not set on an exact community or neighbourhood? To expand your search for properties, check out one of these nearby communities.

Helping you find the Best Real Estate Agent to work with in Severn Ontario

Finding the Best Real Estate Agents in Severn

Buying and selling real estate can be a long and sometimes stressful process. However, with the best REALTOR® on hand to help, you can ensure the process is much simpler to navigate. So let us help you find the best qualified REALTOR® with expert knowledge of Severn, Ontario, to guide you through the real estate market to make buying and selling easier.

Have questions about real estate and don't know where to begin? Connect with the best real estate agents in Severn to guide you through the process.

Please be advised that TRESA Rules and Regulations restrict the information that another Brokerage or REALTOR® can provide. Therefore, any further information must be sought directly from the agent you are under contract with.

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Please Note: Information you supply in the contact form will be kept fully confidential.