🔹 Step 3 — How Much Will It Really Cost?

Beyond your down payment, there are additional upfront expenses.

• Deposit (due with offer)
• Home inspection
• Appraisal (if required)
• Legal fees
• Title insurance
• Land Transfer Tax (Ontario)
• Moving costs

• Mortgage payments
• Property taxes
• Insurance
• Utilities
• Maintenance & repairs

A good rule of thumb: budget 1–3% of your home’s value annually for maintenance.