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.
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