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
Four offers for renovated 1990s-era townhouse in Vancouver
CREA slashes home sales and price forecasts, how to know when to buy or sell, the Home of the Week and more top real estate stories
Home of the Week: A modern Prince Edward County farmhouse found online
Bid with an escalation clause wins out in Calgary home sale
CMHC reports annual rate of housing starts slowed in March
Toronto's condo market sets a new record: zero new projects launched in the first quarter
Exhibition Place CEO unveils plans for giant park, year-round vendors. But will his vision align with Doug Ford's?
Midtown Toronto condo gets four offers, sells $461,000 over asking
Despite headwinds, ambitious ‘deep retrofits’ charge forward in name of decarbonization
Three-bedroom Harbourfront condo cuts price to find a deal
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "