Most online mortgage calculators are too basic, not equating proper measurements for the Canadian Mortgage market. It is important to remember a good Mortgage Calculator will not always give you a true picture for the cost of home ownership.
Variables such as strata fees, electrical heat, natural gas, property taxes, CMHC Canada mortgage insurance, and Property Transfer Taxes just to name a few can dramatically change how much it cost’s to own your home. It should not be your only tool, but a reliable one will help you get prepared and informed to make the right product choice.
Download our app today to make sure you have budgeted and accounted for each cost associated with your home buying journey! But most importantly, reach out to our team today to help you through the process.