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The True Cost of Homeownership: What You Pay Beyond the Mortgage

(February 02, 2026)




When many new Canadian homebuyers calculate whether they can afford a new home, they focus almost exclusively on one number: the monthly mortgage payment. It's the figure lenders use for the mortgage stress test, the number real estate agents discuss during showings, and the benchmark buyers use to determine their budget.

However, the mortgage is only the starting line. Homeowners also pay for prop... read more.

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