These unexpected costs could derail your plan to buy a home
If you’re planning to buy a home, you’ll need to know all of the associated costs. Yes, saving for a down payment and getting a mortgage preapproval are key steps, but there are plenty of other costs that could derail your budget and buying power.
According to a 2025 consumer mortgage survey released in May by the Canada Mortgage and Housing Corp., 42 per cent of homebuyers faced an unexpected expense this year, up from 36 per cent in 2024.
Categories
Recent Posts
Vancouver rental builders, facing slowing demand, say government support needed
Calgary townhouse by the river a buyer’s top pick
The houses you can buy for $680,000 across Canada, the Home of the Week and more top real estate stories
Mount Pleasant condo sells for less than price paid 19 months ago
Home of the Week: A ‘normal’ house that holds a few secrets
Jilted buyer returns with slightly modified bid to take Pickering house
Network looks to tap into philanthropy to boost funding for affordable housing
Prince Harry to speak at a Toronto real estate conference next month
Buyer trims price of condo a short stroll to Woodbine Beach
Buyers trade short closing date for a lower price on Beeton bungalow
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "