Annual Cost of Ownership Calculator

See the true monthly cost of owning your home — beyond just the mortgage payment. Includes property tax, insurance, utilities, maintenance, and condo fees.

Home value

Mortgage balance

Years left

Mortgage interest rate

Property tax (% of value/yr)

Maintenance (% of value/yr)

Home insurance (annual)

Utilities (monthly)

Condo / strata fees (monthly)

Total cost of ownership

$4,455/mo

That's $53,458 per year.

Mortgage payment$2,849

Property tax$531

Home insurance$150

Utilities$300

Maintenance reserve$625

Total monthly$4,455

The 1% rule of thumb for maintenance covers typical wear-and-tear over time — older homes may need more. Property tax rates vary widely; check your municipality for the exact rate.

The information presented on HousingPortal.ca is intended for general illustrative purposes only. While the information is believed to be reliable, it cannot be guaranteed for accuracy, completeness, or currency. Neither HousingPortal.ca and its employees, nor any other party identified in this guide/report, assumes any liability for the information provided. The views and opinions expressed by the analysts at HousingPortal.ca are their own and should not be considered as investment advice. It is recommended that you seek the advice of a licensed real estate professional before making any decisions regarding real estate investments.