Monthly costs of renting or buying a home in Canada🏡🇨🇦

Are you wondering how much you need to pay for utilities (if you're a renter), plus maintenance fees, and property taxes, if you're a home owner? In this video I'll walk you through how much we spend each month! #canadarealestate #personalfinance #livingincanada
**DISCLAIMER: This video is for entertainment purposes only and should not be considered as financial advice**
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[@LivinginCanada]

Happy Friday everyone! Did any of these costs surprise you? If you're already renting or bought a home, how much do you pay for utilities (and for what size of home), I'd love to hear from you!

[@mayuriattarkar9368]

Stumbled upon your channel. Really reallly useful and great content Thank you 😊

[@ivangracia151]

this one a very nice an educational video.... thank you

[@jonesalapat6199]

Very useful

[@VictorOkechukwu]

You have been my sure guide❤

[@LivinginCanada]

Glad if any of this was useful! Thanks!

[@VictorOkechukwu]

@@LivinginCanada is always helpful👌👌 and I have gotten what I want on Kijiji.. Thank you

[@AmyKwonyourREvoice]

Thanks so much for your insightful video! Though i do gotta say, i HATE it when youtube pulls that ****!! I hope it gets resolved and everything is okay for you! I moved in early this year on the east end and mortgage payments, etc has been very extra to say the least 😅. I find even couple years ago, (i always reference to this when talking about buying or renting) i was able to help people get a place- 1 bedroom suite by themselves in downtown for rent around 1700 dollars per month but nowadays, 2600 dollars. So rent used to be a great idea for people who may need a few years to save up, etc. However, now- you can barely save money while renting and buying a property is insanely expensive! So many feel doomed either way! It's a tough market but it just boils down to what you believe the most and what you can afford! Thanks for reading my long comment 😂😂 ❤❤ Again thanks for an amazing content! Clicking subscribe button now ❤

[@LivinginCanada]

Thanks for contributing, interesting! Yes, times have drastically changed. It's so different for people coming to canada now compared to back then! Thanks for asking, I'm very fortunate that it seems as though the situation has been resolved, somewhat at least :)

[@atlantic724]

Very useful. We are also an immigration company in Canada and we have useful content in our channel

[@jaynesyuen8283]

Really appreciate for all the information🤩🥰😍 May I ask if the renter should buy the home insurance or the landlord will provided?

[@LivinginCanada]

Thanks! Usually the tenant has to buy the home insurance themselves, since it protects them (the tenant's loss, liability, etc.)

[@jaynesyuen8283]

@@LivinginCanadaGot it, thank you🥰🥰

[@AmyKwonyourREvoice]

If I may chip in here, if you were still curious- renter pays for the tenant insurance that covers their unit, and the landlord pays for the landlord insurance which is for more protection!

[@fasanuma]

👍

[@LivinginCanada]

Thanks!

[@robertrobert88887]

so cheap comparing to London, UK, you guys are living the dream ;)

[@LivinginCanada]

Haha, wouldn't have thought that!

[@christieo2739]

And the US! I’ve never seen an electricity bill under $100, even when living in smaller spaces.

[@siddharthchilukur5287]

​@@christieo2739but the US has much much cheaper houses and groceries

[@transportationland6395]

Hows life in your condominium? Great to see you guys as new homeowners

[@LivinginCanada]

Loving it actually! Thanks so much!

[@transportationland6395]

@@LivinginCanada I know this is jumping way ahead into the future, but do you guys ever consider upgrading? Like to a townhouse, semi-detached, single, etc? Or do you plan on staying for a long time for now in the condominium?

[@LordBagdanoff]

Is Oshawa a good area?

[@LivinginCanada]

I've never been to Oshawa before, but housing seems to be slightly more affordable than in Toronto, from what I've seen!

[@LordBagdanoff]

Which are the best websites to look for rental?

[@LivinginCanada]

I'm not sure if there's a 'best'. To increase the odds of finding something suitable, it's best to diversify your search across multiple platforms, including fb, google, padmapper, real estate agent sites, sites like zolo, the canadian home, housesigma, etc. Good luck!

[@LordBagdanoff]

@@LivinginCanada thank you :)

[@emlkl1779]

Home prices in Canada is so high because mainly the realtors and new home builders . realty firms drive them up for more profits. Realtor greed has made life difficult for most Canadians.

[@malitman]

Why don't you get a real job? 5:25