How Much Will It Cost to Buy a House?
You’ve likely heard people lauding the benefits of home ownership. Canadian real estate has historically seen solid long-term gains, which bodes well for existing home owners and those who plan to buy and keep the place for the long term. Other benefits of owning a home – a roof over your head, a place to plant roots, pride of ownership, retirement plan, the list is long and varied. However, as with all investments, there is the initial cost of owning a house in Canada, and unlike other investment vehicles, a home comes with ongoing costs as well. So, down to the nitty-gritty: How much will it cost to buy a house? The price of the home and the services associated with the purchase are all relative to the type of property, its age/condition and location, so do your research to ensure it remains a good investment. A real estate agent can outline what you can expect to pay, and maybe some unexpected expenses as well. In the meantime, here’s a list to factor into your budget.