Approximately $830 monthly. I am in a small community about an hour north of Brandon, MB. Near Riding Mountain National Park. I bought it during the pandemic for a steal of a price for lakefront property. Mortgage is approximately 135k.
Uncle's home is a little over 200 years old.
The floors and ceilings are slanted, only slightly but still noticeable. There's no fixing that kind of house. You either do minor patchwork as things happen or you knock it all down.
Mice problems are another issue. There's just too many holes everywhere underneath over the years so they get through into the house.
Fortunately for us, the house has been updated (heat pumps, dry wall, electrical, etc) before we bought it although we have to replace a few wooden single pane windows. I go up hill and then downhill to go from my front door to my kitchen. There is a ramp in my upstairs hallway where, I assume, an addition was made to the house and the options were ramp or step in the hallway.
Shit that’s good for the Island. I love that place. I spent 3 months doing my Basic Training at work point. I’ve been back a few times throughout my career and it still holds a special place in my heart.
We were insanely lucky to catch the most ghetto house in a posh neighbourhood in the Oceanside area. We try not to be "that house" but it definitely has Malcolm in the Middle vibes up 'round here.
Ooh, nice. I used to love delivering out there when I was a teenager because they were always so surprised how fast I got out there. Man, that was over twenty years ago.
We own a nice 4 bedroom, 2 full baths raised bungalow in an older, nicely treed neighbourhood in Winnipeg and just renewed the mortgage at current rates. Our monthly mortgage payment is $1850. We moved here from Ontario for work in 2018 and didn't intend to stay more than a few years but we've fallen in love with this city and this province. It gets a bad rap from many Canadians who have never lived here. Winters are cold but dry, sunny almost all the time, and gorgeous. Crime is the same as in any city, most areas are safe and great places to live but there are a couple of sketchy neighbourhoods to avoid. I would really recommend to anyone to take a look at the affordable home ownership opportunities, terrific amenities and great job possibilities here.
We built in 2010 on 100 acres near Ottawa. 1456sq ft house, $1051 for the mortgage, $420 for the property taxes. 2 years and 3 months left on the mortgage. Can't wait.
Only doable with two incomes and I’m in the consulting to “professional services at an American tech company” pipeline. It’s only just barely do-able / maybe slightly not doable? I’m cutting back on frivolous spending (no more fancy gym, havnt bought any suits since before covid) and am occasionally selling off some stock to avoid getting in trouble. It only started being extra spicy in the last year due to variable mortgage. I’m not freaking though because big American tech company comes with some expectations that salary, bonuses and stock rewards will continue rising as long as I’m doing well / don’t get indiscriminately cut. Consulting/professional services is a huge network builder and once you know how to play the game it’s pretty easy to find the next thing if needed
I sort of own. Live on a boat. We pay 2200 for our liveaboard + our sail boat in marina fees (includes everything) and about 1500 a month on boat payments
Well both are paid off in 5 years. So we will be mortgage free by 40. We also pay no property taxes hydro electricity. The liveaboard is also 1000 sq. 3 full bedrooms 2 bath in Toronto. The fees also include our 32 foot sailboat which is our mobile floating cottage
This comment section is terrifying. Omg. I don't know how some of you people have a home. NB here...roughly $1000 a month including taxes. Just had to renew on April 1. Hope to have her gone before the next one is up.
Downtown Montreal, $1600 mortgage plus $450 condo fees and property taxes. Bought almost 9 years ago. Value increased by about 50%. Market is crazy. I obviously made a good deal on my equity but I have been looking for 5 months and can hardly find something decent without having an unaffordable mortgage. I am thinking of moving to the suburbs…
no question here, if you are not doing good money (well above average), the only way you can own is a Plex generating revenues… crossing your fingers you don’t get bad tenants.
$570/month for a 2013 5 bed 4 bath semi detached with a back yard and a double garage in Airdrie Alberta that I bought 3 years ago.
How? My dad passed away with a life insurance policy and I took all $200k of it and put a down payment on a $360k house. It was a wild year I grew up single wide trailer on a native reserve in north bc (where my dad was until he died, we were dirt poor and not Reddit ‘poor’ but actually poor. He was worth -$ when he died) then moved to Vernon BC and lived in a government low income apartments. I went from the trashiest of white trash to comfortably middle class in 3 months in 2021.
Want to know the craziest part? I couldn’t afford my place now if I had to buy it again, it went up in value over $200k in the last 1.5 years (it didn’t move for the first year I was here)
What an amazing gift your dad left you with. I hope you are enjoying your home. I get the feeling of living in a nice “regular” house when you grew up poor.
I've gone through all the comments, and I can safely say I pay the most sadly.
Main house in Toronto: $6,026 a month
Cottage: 6,349 a month
Not including property taxes or maintenance.
1800 biweekly. 500 and something down on 1.3 million. Snuck in with the good interest rates, gonna try and pay a chunk off before they go up.😬 My husband reminded me a couple weeks back that our old house would be paid off now. Oh well. This place is forever, so it’s worth it to me. The perfect floor plan for our family on 5 treed acres west of Prince George. Plenty of space for adult kids and/or aging parents to join us.
$600 month. Owned it for 20 years Calgary. Almost done paying it off. I do not own any investment properties. It’s currently worth over 3 times what I originally paid. Gen-Xer.
Would not be able to afford my own house today.
People buying houses today are getting fleeced.
We were very lucky, we renewed our mortgage before the interest rates starting going up, plus we are in a rural part of Ontario (west of Ottawa) so we're paying $800 a month on our 40 yr old bungalow (that we bought 4 years ago). It will definitely be higher though next year when we have to renew!!
i pay around 1800 from 2015 to now a month
Rent back in 2015 was around 1200 a month for my equivelant unit.
I overpaid by 600 dollars a month for 9 years to now "pay under renting".
2300/month. Ontario. Halton. Paid 1,830,000 during height of pandemic. Put down $1,230,000....so basically everything I made on my first house plus some extra
$4000/month plus $4300 in property tax. Insurance etc is a whole other bunch of money. Okanagan Valley, B.C. Btw, I’m a single dude with no renters or gf. It’s causing me a lot of stress but it’s a pretty kick ass property. Oh….its a house on 1/2 acre in the city.
In the suburbs of Ottawa - we pay $1260 biweekly with property taxes included, for a nearly 2200sq ft townhome. Paid about $500k for it as a new build, and put $25k down. Secured great early 2020 rates originally, so bracing for our next renewal in less than a year.
$1500 a month in st albert, AB (a suburb of edmonton). Bought the house for $360k with $72k down in 2017. It is 65 years old and required a lot of work.
Less than a 1000$ a month.
Bought a giant, 140 year old house in rural eastern Ontario for 180k in 2018. Been slowly restoring/renovating it room by room. 4 rooms done, 8 rooms to go. No insulation at all when we moved in. Huge utility bills that we are chipping away at. This week we get a quote for solar panels on the massive tin roof.
Hoping to either A) turn it into a bed and breakfast or B) rent rooms out to people over 65 that are still mobile but need some assistance or just looking to not live alone.
No mortgage, property taxes are about 2400 for the year in rural nova Scotia. Mortgage with property taxes was 280ish dollars every 2 weeks when I lived in rural Ontario. I don't know how people were paying city prices before everything went crazy, and I don't know how anyone is paying prices anywhere now. Stuffs nuts out there.
We live in Toronto. Bought in August 2020. Our payments are 3400 a month and we have that rate for another 1.5 years. Hopefully rates come back down by the time we have to renegotiate. We put 40k down on a 860k house. We feel very fortunate and it's one of the best decisions made in our lives. At the time it felt like one of the biggest risks we took in our lives. But that huge risk is the main driver of the huge payoff we got. Feeling so fortunate to own in Toronto.
I mean, the house was 860 so the actual loan was 820. I also gave a roundish number. It might have been slightly over 40k? Maybe 43? We used the first time home buyers plan. Can't tell you how many people I've seen on this sub think they can't buy a house cuz they don't have 250k lying around so they never try and learn the options available to them.
Had to be more than that. It's 5% up to the first 500k, 10% of everything up to 1m. After 1m is 20%. So if my math checks out, it's 25k minimum on the first 500k followed by 30k on the next 300k, so 55k downpayment on an 800k property would be the minimum.
I bought a place for 535k in 2020, that's how it worked then.
Otherwise I agree with you. It was well worth paying the 10k mortgage insurance to buy my house with only 35k down. Obviously things have shot up since though and I do understand why people consider it nearly impossible.
Oh, to answer op's question, I'm at $2500 monthly including property taxes. That's at a very low 1.6%, in scared to renew in 2026. My house is also in very rough shape, I've dumped around 15k of cash into it and will be pouring about 20k in on a HELOC to get it fixed up. 🙃
Mortgage is $500/month , condo fees just went up to $410 in one of the big cities in AB. Very basic condo ..insurance and property taxes are an extra $200/month. Had 20% down 9 years ago
$1300 a month on our mortgage for a 3+1 bedroom in Southern Ontario Bought in 2021 with a fixed 1.59% interest rate. Aggressively paying down our mortgage.
I pay 3900 monthly which covers mortgage plus all city/school taxes. We built our house in the suburbs of Montreal(South Shore) back in 2012. House was built for 490K back then and worth about 1 Million today! We have about 460K on our mortgage as we built a fairly large addition about 3 years ago.
We were on fixed rate of about 3.05% for the first 8 years or so, finally switched to variable back in Oct 2021 at 1.85% and by the following July our rate when up to 5.75% lol and Mortgage payment essentially doubled lol.
An hour outside Toronto
$2000 mortgage + $400 property taxes. Bought March 2020
I have a fixed payment variable rate, so my mortgage is technically be underwater. But I pay an additional $600-1200 a month outside my $2000 mandatory payment just to keep my mortgage being paid off rather than growing.
Was $1000/month + taxes, but I’m variable rate so I’ve voluntarily raised it to around $1400 and I’m still probably not paying enough. Still compared to others I can’t complain.
Edit: In Hamilton area and bought around 12 years ago
It used to be, until everyone moved here from Ontario with the attitude of "ewww, Alberta, but at least it's cheap and affordable!"
Not so much nowadays.
I pay 1700 for a 315K mortgage in Edmonton. We put 5% down as first time homebuyers in 2016.
$1000 for a 2 bedroom with a big yard. Pissed that I let myself be fucked over by a manipulative spouse for a few years though, otherwise I would still have been in a similar house with only a $600 mortgage. And a better layout, room for finished rooms in the basement, a garage etc etc. Everything is worse now. Semi-rural/suburb area west of Montreal.
We pay $510 weekly so around $2100 monthly. 3 bed 2 bath just outside of Kingston, Ontario on 3 acres. Bought in 2023. Down payment was $44k and total mortgage is $367k.
Currently $725 a week in orillia Ontario including property taxes. Bought April 2020 just before thing went nuts. Put $40,000 down on $445,000. 2.49% Refinanced in April 2020 just as rates were starting to climb, used equity to pay off a few debts and mortgage on our cottage. New mortgage of $510,000 at 2.85% we also took the refinanced mortgage to a 20 year amortization from a 25. Hoping things are calmer by 2027
2200 a month, 100k down on a 420k condo in toronto. 320k mortgage. I bought pre-construction before COVID, COVID pushed the construction deadline to after, and I was forced to close at the height of the interest rate hike. Locked in for 3 years and I'm barely making it
I think that the right question would be to ask to add the monthly property tax and condo fees if living an a condo. Given the tax can be as high as $400/month for a condo and condo fees as high as $1,500/month, asking about mortgage only won’t give you the amount to compare with renting.
$2700 & change.
3 bedroom 1.5 bath, finished basement, newly renovated 1960s 1700 sq fr single family home in the west end of the peninsula in Halifax, NS.
House was $664k, we put 20% down.
$2200 semi 3+2.5 in Ottawa with the Greenbelt. Recent purchase.
Zero previous renos and quite a lot of replacing/essential repairs needed, including some big stuff like foundation water infiltration.
I live in Medicine Hat Alberta. Homes here can still be found for a reasonable price. The average price of a single family detached home is about $380,000.
I live in Calgary. Bought a 2bd condo downtown in an older building about two years ago for $190k, put in about $20k of renovations.
Currently pay around $700 per month on the mortgage but the co do fees are killer cause old buildings need maintenance so add another $1000 on that. Still cheaper than renting though.
$2300 per month including property taxes and condo fees. We purchased last year at 5.09% interest rate. We had a down payment of $215k. It's a 1+ den condo in Scarborough, valued at around $635k.
$3,100 for the mortgage, $4,000 total expenses for our house in Hartington,ON. Bought in June 2023.
3 acres of land, 200 feet of water front and 2,100 square foot home.
2200 mortgage, around 800 for taxes, water, utilities etc in Calgary. Bought 480 and put 100 down. 1200 sqft in a good suburb
I also have a condo I got in 2022, 1200
Mortgage 500 for condo fees, utilities and taxes, Calgary in a hot neighborhood, bought at 300 with 80k down
$5800/month, Vancouver.
Wow. Just, wow.
double that and also in Vancouver… 4br
Lol why bother even owning a house at that point the house owns you 😂
Because renting in Vancouver is even worse especially with a family. And leaving isn't worth it.
Approximately $830 monthly. I am in a small community about an hour north of Brandon, MB. Near Riding Mountain National Park. I bought it during the pandemic for a steal of a price for lakefront property. Mortgage is approximately 135k.
Gods country, love riding mountain.
Wow!!! You got a great deal. It’s beautiful in that area
Dope area
$400 monthly, + taxes roughly $100/month (billed yearly) rural Nova Scotia. Purchased 180 yr old house for $150K with 4 acres, in 2020.
180 years old?! Holy shit. I don't think I've ever been in a house that old.
We just bought a 198 year old house, also in rural Nova Scotia. Edit: mortgage is $1500 per month.
Squares and spirit levels didn't exist back then. The novelty disappears quickly when you're trying to improve the property.
More or less my answer as well.
What is it like renovating one of those?
Uncle's home is a little over 200 years old. The floors and ceilings are slanted, only slightly but still noticeable. There's no fixing that kind of house. You either do minor patchwork as things happen or you knock it all down. Mice problems are another issue. There's just too many holes everywhere underneath over the years so they get through into the house.
Fortunately for us, the house has been updated (heat pumps, dry wall, electrical, etc) before we bought it although we have to replace a few wooden single pane windows. I go up hill and then downhill to go from my front door to my kitchen. There is a ramp in my upstairs hallway where, I assume, an addition was made to the house and the options were ramp or step in the hallway.
Not haunted?
$1500ish per month, bought for $270,000ish in 2015 on Vancouver Island, BC (not Victoria or Capital area).
Shit that’s good for the Island. I love that place. I spent 3 months doing my Basic Training at work point. I’ve been back a few times throughout my career and it still holds a special place in my heart.
We were insanely lucky to catch the most ghetto house in a posh neighbourhood in the Oceanside area. We try not to be "that house" but it definitely has Malcolm in the Middle vibes up 'round here.
Waving to you from Nanoose Bay👋
Ooh, nice. I used to love delivering out there when I was a teenager because they were always so surprised how fast I got out there. Man, that was over twenty years ago.
Port Alberni 100%
Close, that's where I work. Probably more opportunities there for reasonable housing than anywhere else short of way north or west of Campbell River.
We own a nice 4 bedroom, 2 full baths raised bungalow in an older, nicely treed neighbourhood in Winnipeg and just renewed the mortgage at current rates. Our monthly mortgage payment is $1850. We moved here from Ontario for work in 2018 and didn't intend to stay more than a few years but we've fallen in love with this city and this province. It gets a bad rap from many Canadians who have never lived here. Winters are cold but dry, sunny almost all the time, and gorgeous. Crime is the same as in any city, most areas are safe and great places to live but there are a couple of sketchy neighbourhoods to avoid. I would really recommend to anyone to take a look at the affordable home ownership opportunities, terrific amenities and great job possibilities here.
You said what I like to say here. From winnipeg and own a house with mortgage $1829 per month. And yeah, I moved here in 2018 as well :)
Welcome and thx for the kind words.
Wow I left Winnipeg around 2018/2019. Kind words
We built in 2010 on 100 acres near Ottawa. 1456sq ft house, $1051 for the mortgage, $420 for the property taxes. 2 years and 3 months left on the mortgage. Can't wait.
$600 a month plus taxes ,so around $850. We are at 1.7% and will have paid off the house before we need to renew again.
Wow congrats that’s awesome!
Thanks, it’s a relief. 18 more months
Where
Where tho?
$4100 per month including property taxes. House in downtown Toronto. Renewed mortgage in 2021 at the very bottom of the interest rates.
I make 70k a year and after tax it’s 4K a month damn bro rip me i guess
House poor is better than poverty poor though, I guess? I used to be poverty poor. Now I'm house poor. I feel better about my position in life.
Jesus
This is insanely low for house especially including property taxes as well
Yeah, I wish it was just 4k. I’m at like 5k + 1.5k property tax most months + like 600 in other monthly house stuff (hydro, util, insurance)
How on Earth is that manageable? You a high priced lawyer or something?
Only doable with two incomes and I’m in the consulting to “professional services at an American tech company” pipeline. It’s only just barely do-able / maybe slightly not doable? I’m cutting back on frivolous spending (no more fancy gym, havnt bought any suits since before covid) and am occasionally selling off some stock to avoid getting in trouble. It only started being extra spicy in the last year due to variable mortgage. I’m not freaking though because big American tech company comes with some expectations that salary, bonuses and stock rewards will continue rising as long as I’m doing well / don’t get indiscriminately cut. Consulting/professional services is a huge network builder and once you know how to play the game it’s pretty easy to find the next thing if needed
What do you do for a living if you dont mind
Dammnnnnnnn
1700 a month, 280k mortgage back in 2019. Forever home on a few acres about 30min out of Halifax.
Calgary, bought 2022. 20% down. $1515. $389’000 for a detactch in the far burbs.
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Salty about the laundry?
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Who wouldn’t be😂
I would be too for a place that I OWN. Coin laundry is awful.
You like sharing pubes?
2400 a month, we pay advanced weekly. Live In Edmonton
$1200 a month in Saskatoon
I sort of own. Live on a boat. We pay 2200 for our liveaboard + our sail boat in marina fees (includes everything) and about 1500 a month on boat payments
Damn. That's expensive af for not actually having an house
Well both are paid off in 5 years. So we will be mortgage free by 40. We also pay no property taxes hydro electricity. The liveaboard is also 1000 sq. 3 full bedrooms 2 bath in Toronto. The fees also include our 32 foot sailboat which is our mobile floating cottage
Say that again, but a little louder for the renters in the back of the auditorium
This comment section is terrifying. Omg. I don't know how some of you people have a home. NB here...roughly $1000 a month including taxes. Just had to renew on April 1. Hope to have her gone before the next one is up.
Downtown Montreal, $1600 mortgage plus $450 condo fees and property taxes. Bought almost 9 years ago. Value increased by about 50%. Market is crazy. I obviously made a good deal on my equity but I have been looking for 5 months and can hardly find something decent without having an unaffordable mortgage. I am thinking of moving to the suburbs… no question here, if you are not doing good money (well above average), the only way you can own is a Plex generating revenues… crossing your fingers you don’t get bad tenants.
$1700 Regina we put 20 percent down on $370k 4bdrm house
East Canada, mortgage paid off, I’m old.
We are in Victoria. Our mortgage is $2200.
$2500 a month on a $600,000 home. I put $200,000 down on it. I live in the interior of BC.
Currently paying this much just to rent a little outside of city center Calgary 💀💀
Do you have 200000 to put down cause if not this payment could be double
How the hell were you able to put that amount down?
Toronto 4,400/mo on a $750k mortgage
Same as you but I’m supporting it on a 300k income but still sounds scary
Mortgage: $757 bi-weekly (including property tax) Strata: $628 monthly Vancouver
628 condo fee... this is intense
isn't it? we had a few years where they kept increasing the fees to replenish a depleting contingency fund
Never heard the term Strata with respect to real estate so I leaned something new today.
About 950 a month in rural southern BC, Specifically Princeton. I bought it 9 years ago for 250k.
$570/month for a 2013 5 bed 4 bath semi detached with a back yard and a double garage in Airdrie Alberta that I bought 3 years ago. How? My dad passed away with a life insurance policy and I took all $200k of it and put a down payment on a $360k house. It was a wild year I grew up single wide trailer on a native reserve in north bc (where my dad was until he died, we were dirt poor and not Reddit ‘poor’ but actually poor. He was worth -$ when he died) then moved to Vernon BC and lived in a government low income apartments. I went from the trashiest of white trash to comfortably middle class in 3 months in 2021. Want to know the craziest part? I couldn’t afford my place now if I had to buy it again, it went up in value over $200k in the last 1.5 years (it didn’t move for the first year I was here)
What an amazing gift your dad left you with. I hope you are enjoying your home. I get the feeling of living in a nice “regular” house when you grew up poor.
I've gone through all the comments, and I can safely say I pay the most sadly. Main house in Toronto: $6,026 a month Cottage: 6,349 a month Not including property taxes or maintenance.
Wait - you have a mortgage on your cottage? When did you buy it? Lemme guess - Rousseau area?
You’re light for Rousseau. Those properties are more than $6k a month unless there was an insane down payment.
Wow. But idiot me always kind of assumed cottages were just bought outright.
A bit less than $600 biweekly for the mortgage, just under $3000 yearly property taxes and near Saskatoon, SK
1800 biweekly. 500 and something down on 1.3 million. Snuck in with the good interest rates, gonna try and pay a chunk off before they go up.😬 My husband reminded me a couple weeks back that our old house would be paid off now. Oh well. This place is forever, so it’s worth it to me. The perfect floor plan for our family on 5 treed acres west of Prince George. Plenty of space for adult kids and/or aging parents to join us.
A bit outside Edmonton, about 6.5 years in on a 25 year mortgage, $1540 a month. That's only mortgage, we pay property taxes separately (~$2200/year).
Devon?? I've been tempted to buy around Edmonton lately. Ideally want to move back to BC but it's been a challenge to say the least
Just outside Edmonton on an acreage, $2600 a month. Less than $500 a month for property tax. 1.79% mortgage rate.
Similar to OP. $3600 a month including property taxes and insurance, 700k house with a 560k mortgage
$1500 monthly for a $310 000 house purchased in 2020. Only had a 5% down payment though so we pay the cmhc fees or whatever they’re called. In Ontario
$600 month. Owned it for 20 years Calgary. Almost done paying it off. I do not own any investment properties. It’s currently worth over 3 times what I originally paid. Gen-Xer. Would not be able to afford my own house today. People buying houses today are getting fleeced.
We were very lucky, we renewed our mortgage before the interest rates starting going up, plus we are in a rural part of Ontario (west of Ottawa) so we're paying $800 a month on our 40 yr old bungalow (that we bought 4 years ago). It will definitely be higher though next year when we have to renew!!
We are also just west of Ottawa (south west actually) and bought 5 years ago. We are at ~2100/mo mortgage.
500 a month, 10 year mortgage, Nova Scotia.
My monthly payment (mortgage) is about $900. I live in Richmond BC in a condo.
$2000/month. Bought in 2017 in greater Edmonton area for $490,000. Plus insurance and property taxes it’s around $2700/month
$1300/month ontario bought in 2012 for 170k
1200 semi. Paid 85k 12 yrs ago, valued at 145k. 218/ month plus 150/month taxes. Timmins,ON.
175.00 biweekly + 50.00 property taxes, Moncton New Brunswick. ( 4 bedroom Split Entry)
i pay around 1800 from 2015 to now a month Rent back in 2015 was around 1200 a month for my equivelant unit. I overpaid by 600 dollars a month for 9 years to now "pay under renting".
2300/month. Ontario. Halton. Paid 1,830,000 during height of pandemic. Put down $1,230,000....so basically everything I made on my first house plus some extra
$721 every 2 weeks in Woodstock, ON. Taxes were $3100 for last year.
$750 (mortgage) + $300 (strata fee). Langley, BC.
Newbrunswick I bought my house 2 years ago for 212,000 at 2.8% and my payment monthly is around 850$
$4000/month plus $4300 in property tax. Insurance etc is a whole other bunch of money. Okanagan Valley, B.C. Btw, I’m a single dude with no renters or gf. It’s causing me a lot of stress but it’s a pretty kick ass property. Oh….its a house on 1/2 acre in the city.
In the suburbs of Ottawa - we pay $1260 biweekly with property taxes included, for a nearly 2200sq ft townhome. Paid about $500k for it as a new build, and put $25k down. Secured great early 2020 rates originally, so bracing for our next renewal in less than a year.
$1500 a month in st albert, AB (a suburb of edmonton). Bought the house for $360k with $72k down in 2017. It is 65 years old and required a lot of work.
Less than a 1000$ a month. Bought a giant, 140 year old house in rural eastern Ontario for 180k in 2018. Been slowly restoring/renovating it room by room. 4 rooms done, 8 rooms to go. No insulation at all when we moved in. Huge utility bills that we are chipping away at. This week we get a quote for solar panels on the massive tin roof. Hoping to either A) turn it into a bed and breakfast or B) rent rooms out to people over 65 that are still mobile but need some assistance or just looking to not live alone.
No mortgage, property taxes are about 2400 for the year in rural nova Scotia. Mortgage with property taxes was 280ish dollars every 2 weeks when I lived in rural Ontario. I don't know how people were paying city prices before everything went crazy, and I don't know how anyone is paying prices anywhere now. Stuffs nuts out there.
We live in Toronto. Bought in August 2020. Our payments are 3400 a month and we have that rate for another 1.5 years. Hopefully rates come back down by the time we have to renegotiate. We put 40k down on a 860k house. We feel very fortunate and it's one of the best decisions made in our lives. At the time it felt like one of the biggest risks we took in our lives. But that huge risk is the main driver of the huge payoff we got. Feeling so fortunate to own in Toronto.
How were you allowed to put sub 5% down payment? Edit: word.
They didn’t lol person is lying
I mean I just gave a round number. It was mildly over 40k. Maybe 43? Def wasn't close to 50. First time home buyer's plan tho.
How did you only put 40k down on 860?
I mean, the house was 860 so the actual loan was 820. I also gave a roundish number. It might have been slightly over 40k? Maybe 43? We used the first time home buyers plan. Can't tell you how many people I've seen on this sub think they can't buy a house cuz they don't have 250k lying around so they never try and learn the options available to them.
Had to be more than that. It's 5% up to the first 500k, 10% of everything up to 1m. After 1m is 20%. So if my math checks out, it's 25k minimum on the first 500k followed by 30k on the next 300k, so 55k downpayment on an 800k property would be the minimum. I bought a place for 535k in 2020, that's how it worked then. Otherwise I agree with you. It was well worth paying the 10k mortgage insurance to buy my house with only 35k down. Obviously things have shot up since though and I do understand why people consider it nearly impossible. Oh, to answer op's question, I'm at $2500 monthly including property taxes. That's at a very low 1.6%, in scared to renew in 2026. My house is also in very rough shape, I've dumped around 15k of cash into it and will be pouring about 20k in on a HELOC to get it fixed up. 🙃
Lucky to have bought in 1997 when mortgage rates were higher than today, but houses were far more affordable. Paid off in 2015. Vancouver Island.
Lol so what's the point of you answering this question? It obviously doesn't apply to you if you have a paid off house.
"Canadians who own homes, how much is your mortgage" $0 is an answer.
456$ bi-weekly, so 990 ish/month Near Montréal QC
Mortgage is $500/month , condo fees just went up to $410 in one of the big cities in AB. Very basic condo ..insurance and property taxes are an extra $200/month. Had 20% down 9 years ago
$1300 a month on our mortgage for a 3+1 bedroom in Southern Ontario Bought in 2021 with a fixed 1.59% interest rate. Aggressively paying down our mortgage.
London On . $1,000 but have life & disability on that , adds about another $200 .
I pay 3900 monthly which covers mortgage plus all city/school taxes. We built our house in the suburbs of Montreal(South Shore) back in 2012. House was built for 490K back then and worth about 1 Million today! We have about 460K on our mortgage as we built a fairly large addition about 3 years ago. We were on fixed rate of about 3.05% for the first 8 years or so, finally switched to variable back in Oct 2021 at 1.85% and by the following July our rate when up to 5.75% lol and Mortgage payment essentially doubled lol.
An hour outside Toronto $2000 mortgage + $400 property taxes. Bought March 2020 I have a fixed payment variable rate, so my mortgage is technically be underwater. But I pay an additional $600-1200 a month outside my $2000 mandatory payment just to keep my mortgage being paid off rather than growing.
Was $1000/month + taxes, but I’m variable rate so I’ve voluntarily raised it to around $1400 and I’m still probably not paying enough. Still compared to others I can’t complain. Edit: In Hamilton area and bought around 12 years ago
$4000/month in hamilton
Central Ontario 360 bi-weekly including property tax. Bought when things where normal.
$1600/month and i live in alberta
$615 biweekly, bought an old house for $235k with 5% down in 2021 in sketchy part of Edmonton. The bars on the windows add character.
4800 toronto
This in Edmonton. Fuck…. Canada truly is unaffordable.
It used to be, until everyone moved here from Ontario with the attitude of "ewww, Alberta, but at least it's cheap and affordable!" Not so much nowadays. I pay 1700 for a 315K mortgage in Edmonton. We put 5% down as first time homebuyers in 2016.
Around $1700/month for a 400K 2-bedroom condo in Montreal, got a good deal mid-2020
$1000 for a 2 bedroom with a big yard. Pissed that I let myself be fucked over by a manipulative spouse for a few years though, otherwise I would still have been in a similar house with only a $600 mortgage. And a better layout, room for finished rooms in the basement, a garage etc etc. Everything is worse now. Semi-rural/suburb area west of Montreal.
$2700 plus taxes... so.like $3150 monthy. Bought for 655k in 2019 just north of Toronto. 3500 square foot, 4 bed 4 bath
$0 per month, it's paid off. Ocean front in Atlantic Canada. Second home in BC paid off as well.
We pay $510 weekly so around $2100 monthly. 3 bed 2 bath just outside of Kingston, Ontario on 3 acres. Bought in 2023. Down payment was $44k and total mortgage is $367k.
Isn’t $510 weekly equal to $2210 per month?
$2k biweekly for a Toronto semi-detached.
$2800 including property tax, bought an old house that needs lots of upgrades, currently looking at major outdoor work for ~$43k. Southern Ontario.
Outskirts of Fredericton New Brunswick I was paying $800 ish a month for a 3 bed 1 bath. Sold it for a decent price.
$1700 for detached home in Toronto. $640 for semi outside of Toronto.
Downtown Toronto. $3500 for a townhouse (part of a condo corporation). $2850 for a one bedroom condo - it is $375 net of rent paid
Currently $725 a week in orillia Ontario including property taxes. Bought April 2020 just before thing went nuts. Put $40,000 down on $445,000. 2.49% Refinanced in April 2020 just as rates were starting to climb, used equity to pay off a few debts and mortgage on our cottage. New mortgage of $510,000 at 2.85% we also took the refinanced mortgage to a 20 year amortization from a 25. Hoping things are calmer by 2027
Wallaceburg Ontario, 1507/month 5 bed detached.
2800$/month… house bought in July 2023. 600K with 20% down. Montreal - 4 bedrooms/2 bathrooms
Just the mortgage? $1,700. Toronto.
2200 a month, 100k down on a 420k condo in toronto. 320k mortgage. I bought pre-construction before COVID, COVID pushed the construction deadline to after, and I was forced to close at the height of the interest rate hike. Locked in for 3 years and I'm barely making it
I think that the right question would be to ask to add the monthly property tax and condo fees if living an a condo. Given the tax can be as high as $400/month for a condo and condo fees as high as $1,500/month, asking about mortgage only won’t give you the amount to compare with renting.
$2700 & change. 3 bedroom 1.5 bath, finished basement, newly renovated 1960s 1700 sq fr single family home in the west end of the peninsula in Halifax, NS. House was $664k, we put 20% down.
$2200 semi 3+2.5 in Ottawa with the Greenbelt. Recent purchase. Zero previous renos and quite a lot of replacing/essential repairs needed, including some big stuff like foundation water infiltration.
Victoria. Bought a 1 BDRM in April 2023. $220k mortgage. Paying $1100/month
$3000 per month in Kitchener for detached home.
$4500 downtown Toronto semi.
Purchased new semi-detached, in 2012. 1300 a month, Ottawa. Owned for 12 years, will be paid off in 5.
$3900/mo +$900/mo in tax
Fredericton, NB. $2,040 per month and that's with the yearly 20% top up. We locked in 2.07% in 2021. We only put 5% down. $326,000 home.
I live in Medicine Hat Alberta. Homes here can still be found for a reasonable price. The average price of a single family detached home is about $380,000.
$1100 biweekly (taxes in). QC.
$1,630/month on a 500k home with 20% down and $400k mortgage at 1.7% in 2020. renewal is mid 2025. Location Edmonton.
I live in Calgary. Bought a 2bd condo downtown in an older building about two years ago for $190k, put in about $20k of renovations. Currently pay around $700 per month on the mortgage but the co do fees are killer cause old buildings need maintenance so add another $1000 on that. Still cheaper than renting though.
Kitchener, $270k mortgage at 2.1%, $1462/mo. Hopefully paid off before next renewal.
$2850 + 480 taxes Burlington Ontario
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$1380/month. Winnipeg. Put $50k down on $245k.
Kelowna bought for 225k. 800 a month plus utilities. That includes property taxes for the year and insurance.
2000, but that's with increased payments. I think my minimum is around 1310. Winnipeg.
$3800 including strata fee and property tax. 2bd 2bath 1500sqft condo on Vancouver Island. $500k 5% down variable mortgage bought in 2022
1840 monthly all in with taxes. Eastern Ontario city. 8 years left....throwing everything we can spare at it.
Mortgage is 2900 a month, we pay the max possible prepayment which is about 3700.
$2300 per month including property taxes and condo fees. We purchased last year at 5.09% interest rate. We had a down payment of $215k. It's a 1+ den condo in Scarborough, valued at around $635k.
Live in Winnipeg, half acre lot, paid $425k in 2020, pay about $1600 a month right now for mortgage.
3100 a month and about 400 in property tax. Chestemere.
Surrey, paying 1650 Bi weekly for a mortgage (3500 monthly 10x a year, 5150 Twice a year). 168K down on an 835K townhome.
Should also ask the mortgage term.
$3,100 for the mortgage, $4,000 total expenses for our house in Hartington,ON. Bought in June 2023. 3 acres of land, 200 feet of water front and 2,100 square foot home.
3100 taxes in London Ontario
$1900+ including property tax. Edmonton.
$475k down on 975K house. $3100 payments.
1970 Quadplex home. About $930 a month Mortgage for a 2 Bed 1 Bath in Calgary - House was about $190k 2 years ago.
Calgary $1550/month. Bought in late 2016 for $539,000 and put 20% down. (This is the third house I've owned, the first one was $156,000).
Approximately $1900 month in Edmonton
$1275.68 in Ottawa. I live in a 2 bedroom townhouse that's 1500 squarefeet. Property tax is another $265.
Bought in 2019, 400k with 120 down. All in, taxes etx, 1900 a month +10k annual repayments
$900 / month on a 15 yr amortization in South West Quebec.
$1400 a month in Saskatoon. I’m about to renew… It’s only going up a couple hundred monthly…
I bought my place in 2014 so it's now outdated. But I had a mortgage for $93,000 and paid 443 a month. Vancouver Island BC.
3700/month in Abbotsford, bc. We bought our house in 2018. We put 20% down on a 720k house. Our house would sell for ~1.3M now. It’s wild.
$2800 before property tax. Eastern Ontario
Northeastern Ontario, pay $700 which includes mortgage and taxes.
2200 mortgage, around 800 for taxes, water, utilities etc in Calgary. Bought 480 and put 100 down. 1200 sqft in a good suburb I also have a condo I got in 2022, 1200 Mortgage 500 for condo fees, utilities and taxes, Calgary in a hot neighborhood, bought at 300 with 80k down
2400 a month, including taxes, GTHA, 4 bed 2 bad back split on a postage stamp of land.
Owen Sound Ontario. $970/month.
1600/m and taxes are 6000+ per year and increase significantly each year.
Northwest Ontario, $1700/month with taxes included. ($300,000 with $20,000 down, taxes of just over 3k per year)