Thread: Monthly payments for home, and taxes.

thanks, the link to the last year thread looks more about salaries (and about rents),

what i am interested in is mostly not rent, but UTILITIES prices, i.e charges other than what you pay for loan (if it's your property on loan) or rental

Originally Posted by alexsms

thanks, the link to the last year thread looks more about salaries (and about rents),
what i am interested in is mostly not rent, but UTILITIES prices, i.e charges other than what you pay for loan (if it's your property on loan) or rental

I can only tell about the way it is in Toronto. If you live in a one-bedroom condo apartment and you don't have an outstanding mortgage (loan) on it, you would regularly pay the property tax and the maintenance fee. The property tax depends a great deal on the location ($100-$200 a month) and the maintenance fee would usually include an unlimited usage of electricity, heating/cooling, water, basic TV cable (50 or so channels), 1 underground parking spot, some outdoor garden/grass maintenance, security/consierge, unlimited access for your family to the indoor pool, sauna, gym (usually some weights, machines, and squash/ping-pong). In some condos some of the features are not available/included (typically in the lower-rise condos). The maintenance package is not optional in a sense that you can't include more features or exclude some of them. The maintenance fee is in a range of $350 - $500 a month. These days the Canadian dollar is roughly equal to the USD. Hope it helps.

Originally Posted by alexsms

thanks, the link to the last year thread looks more about salaries (and about rents),

what i am interested in is mostly not rent, but UTILITIES prices, i.e charges other than what you pay for loan (if it's your property on loan) or rental

I have a small house and I don't live in a "township", "city" or "planned community" if I did, I would have to pay extra in taxes or home owner association fees.

here are a list of some of my expenses:

2010 property taxes $2,010
monthly cable: $75 (and that is the second cheapest package)
home phone & internet: $53
gas (for heating and cooking) $103 (this is a balance billing plan so I pay this amount every month even during summer)
water $106 (for 3 months)
electric $100 (but this will double during summer)

I don't pay for extra for garbage, snow removal, leaf pick up or that type of service. It is included with my county taxes. If I want to use the county pool I either pay per visit or get a membership.

does this help?

Originally Posted by rockzmom

does this help?

thanks, Rockzmom, now i see the basic real figures.