The True Monthly Costs of Owning a Home in Calgary
Posted by Ray Yang on
As someone who’s helped many families navigate their first home purchase in Calgary, I can say this with confidence: the advantages of homeownership can’t be overstated. But if you’re buying your first home, it can be hard to know what the real monthly cost will be.
Most people focus on the mortgage, and that’s a great starting point. But there’s more to owning a home than just the mortgage payment. From utilities and taxes to insurance and maintenance, here’s what you really need to budget for.
Mortgage Payments: Your Biggest Monthly Expense
Your monthly mortgage payment depends on the purchase price, your down payment, and your interest rate. Calgary’s real estate market offers a wide range of price points depending on property type and…
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