Quote:
Originally Posted by boogerz
A $175k mortgage on a condo is do-able...but for that money you're only getting one bedroom, you'll have to deal with the terrible condo board, and the condo fees are $500/month.
The condo fees push that mortgage payment into the monthly payment range of a small starter SFH, which has more space and no condo board.
The small extra stretch for a SFH is a no brainer.
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I'm not a fan of condos personally, but I took a quick look, and found this:
https://www.realtor.ca/real-estate/2...algary-kincora
Maintenance Fees
$277 Monthly
Maintenance Fees Include
Common Area Maintenance, Heat, Insurance, Interior Maintenance, Property Management, Reserve Fund Contributions, Sewer, Water
Now, to me that sounds like pretty good value, and you can't compare condo fees + mortgage to a house mortgage, without adding in all the things a condo fee covers. Just heat, sewer, water, and insurance on a home is going to be more than $277.