Top 10 Common Costs of Owning a Home – #1 & 2
Number 1 – Property Tax
Many of the services you’ll enjoy in your new neighbourhood, from parks and recreation facilities to road maintenance and schools, are funded in part by municipal property taxes. Rates vary widely, from region to region and home to home. Annual taxes can top several thousand dollars in urban centres, so some homeowners opt to pay in installments — your lender may provide an option to combine these with your mortgage payments.
BACK TO BLOG FEED
READY TO CALCULATE A RATE THAT WORKS FOR YOU?
CHECK OUT THE LATEST EPISODE OF HOT PROPERTY ON CP24!
LEARN HOW YOU CAN EARN 1% CASH BACK ON YOUR MORTGAGE.
With current mortgage news, interest rates and relevant trends, our monthly newsletter is another helpful step towards living your monster life.
Published on June 2, 2022
As expected, the BOC raised the overnight rate by .50%, this means everyone with a…
Published on April 12, 2022
The rising inflation today is because of the low interest rates, global supply shortages, conflicts…
Published on January 31, 2022
While many consumers are not mortgage experts, it does not mean all mortgage experts are…
Published on January 26, 2022
Bank of Canada holds on raising interest rates to help slow down surging inflation. The…
THE MONSTER DIFFERENCE
With over 25 years experience, a long-running CP24 show and industry awards under our belt, we’re trusted industry experts.
We give you the facts your bank won't tell you about reaching your financial goals.
We’re the smarter choice when you need a mortgage expert to shop the market and provide you with options the banks can’t.
We’re known for our transparency and integrity in everything from our relationships to our advice to our customer service.