The Role of Carrying Costs when Buying a New Home

When searching for a new home, many buyers will focus only on the list price and what they may need to offer to get the property. For example, a buyer might think, “We can get this house for $XX. That’s within our price range!”

Of course, the selling price plays the pivotal role in whether or not you can afford a particular home. But, carrying costs should also be considered.

Carrying costs include any regular expenses related to the property. The obvious ones are gas, hydro, water, garbage, and taxes. But there may be others. For example, a home may also have a subscription-based alarm system, high-speed internet, and hot water tank rental.

If there are common elements, such as a private street or some other neighbourhood feature, there may be an annual maintenance fee.

It’s also smart to factor in predicted maintenance and repair costs, especially when buying an older home. A property that hasn’t had its asphalt roof shingles replaced in 20 years may be due soon.

So, when shopping for a new home, consider what the carrying costs will be. That will help you make a more informed decision.

That being said, having to pay a little more in monthly costs may be worth it if you love the place and it (as well as the neighbourhood) has everything you want.


Thinking of buying a home in Alberta? We can help.

Phone(403) 270-7601

Email[email protected]

Address Ray Riley
#115 8820 Blackfoot Trail SE
Calgary, AB T2J 3J1

Included Below are Homes for Sale in Calgary, Alberta

2433 Properties
Page 1 of 203
$598,900
Neighbourhood: Saddle Ridge
4
Beds
3F11/2
Baths
1,357
Sq.Ft.
2006
Year Built
1
Day on Site
A2054827
MLS®
VERY NICE AND FULLY DEVELOPED TWO -STOREY DETACHED HOME WITH SEPERATE LIVING ROOM AND FAMILY ROOM ON MAIN FLOOR, NICE KITCHEN WITH ISLAND, DINING AREA, UPPER FLOOR HAS 3 BEDROOMS AND MASTER BEDROOM...
Open 6/11
176 Whitworth Way Calgary,  AB t1y 6a9
$489,000
Neighbourhood: Whitehorn
4
Beds
2
Baths
933
Sq.Ft.
1983
Year Built
1
Day on Site
A2054837
MLS®
*****Legal Suite with Seperate entrance *** Live Up/Rent Down Great Investment property charming split-level home is located in a desirable community of Whitehorn Near to C-Train ,Shopping Centres...
$574,900
Neighbourhood: Inglewood
3
Beds
2F11/2
Baths
1,481
Sq.Ft.
2000
Year Built
1
Day on Site
A2053784
MLS®
Do you love inner city living but still crave the outdoors? Then this home is for you. Located unbelievably close to the paths, river, and fields in Inglewood! Stepping inside this beautifully...
$424,000
Neighbourhood: Cedarbrae
3
Beds
1F11/2
Baths
1,120
Sq.Ft.
1977
Year Built
1
Day on Site
A2052241
MLS®
Welcome to this immaculate duplex with no condo fees, offering convenience, comfort, and tranquility. With three bedrooms, 1 1/2 bathrooms, and a finished basement, there's ample space to relax and...
$255,000
Neighbourhood: Lincoln Park
1
Beds
1
Baths
593
Sq.Ft.
2000
Year Built
1
Day on Site
A2054820
MLS®
~QUICK POSSESSION AVAILABLE ~ Welcome to Morgan on the Park- sought after due to its amazing location steps to Mount Royal University, dining, coffee shops and easy access to downtown & every amenity...
$238,000
Neighbourhood: Sage Hill
1
Beds
1
Baths
573
Sq.Ft.
2016
Year Built
1
Day on Site
A2054715
MLS®
ONE BEDROOM, ONE BATHROOM + DEN ON TOP FLOOR OF "VERIDIAN CONDOS'! Stunning 180 degree view from this exceptional unit in the highly sought after "Veridian" of Sage Hill! "Elite Titanium" laminate...
$569,900
Neighbourhood: Evanston
3
Beds
2F11/2
Baths
1,354
Sq.Ft.
2011
Year Built
1
Day on Site
A2038805
MLS®
Welcome to 983 Evanston Drive NW! This former showhome has been professionally designed with modern finishes including a white kitchen with glass tile backsplash, laminate flooring and custom window...
$295,000
Neighbourhood: Mission
1
Beds
1F11/2
Baths
872
Sq.Ft.
1
Day on Site
A2054692
MLS®
Fantastic ONE BEDROOM AND A DEN (OR SECOND BEDROOM) CORNER UNIT with TWO BATHROOMS and TITLED UNDERGROUND parking stall in the sought-after Elements of Mission building perched on the banks of the...
$419,900
Neighbourhood: Mahogany
2
Beds
2
Baths
1,018
Sq.Ft.
2018
Year Built
1
Day on Site
A2052270
MLS®
Welcome to your stunning 2 bedroom, 2 bathroom condominium in the highly sought-after community of Mahogany. Boasting 1018 square feet of luxurious livable space, you will love the open concept floor...
$299,999
Neighbourhood: Downtown East Village
2
Beds
2
Baths
868
Sq.Ft.
2000
Year Built
1
Day on Site
A2053101
MLS®
This is one of the nicest and largest units, with one of the best river views in the complex. The location is second to none with the river pathways directly out the front door. Entering you will...
$375,000
Condo: Millgreen Village
3
Beds
2F11/2
Baths
1,096
Sq.Ft.
1999
Year Built
1
Day on Site
A2054775
MLS®
What a great location of this Town Home, situated in the quiet community of Millrise... It offers 3 good size bedrooms and 2.5 bathroom. The fully developed basement is the great spot for you to...
$469,900
Neighbourhood: Beltline
2
Beds
2
Baths
1,200
Sq.Ft.
2009
Year Built
1
Day on Site
A2054798
MLS®
From the moment you step into this home you are welcomed by the sweeping views of downtown and the mountains. During the day this home is bathed in sunlight with floor to ceiling windows in most...

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