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.

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Calgary, AB T2J 3J1

Included Below are Homes for Sale in Calgary, Alberta

3750 Properties
Page 1 of 313
Open 6/22
163 Anaheim Circle NE Calgary,  AB T1Y7C9
$589,999
Neighbourhood: Monterey Park
4
Beds
2
Baths
972
Sq.Ft.
1998
Year Built
2
Days on Site
A2141333
MLS®
$574,900
Neighbourhood: Montgomery
4
Beds
2
Baths
1,060
Sq.Ft.
1983
Year Built
2
Days on Site
A2141682
MLS®
$1,995,000
Neighbourhood: Aspen Woods
5
Beds
4F11/2
Baths
3,916
Sq.Ft.
2006
Year Built
2
Days on Site
A2141253
MLS®
$425,000
Neighbourhood: University District
1
Beds
1
Baths
492
Sq.Ft.
2024
Year Built
2
Days on Site
A2141683
MLS®
Open 6/15
120 13 St NE Calgary,  AB T2E4S1
$2,750,000
Neighbourhood: Renfrew
5
Beds
5F11/2
Baths
4,044
Sq.Ft.
2024
Year Built
2
Days on Site
A2141684
MLS®
$619,900
Condo: Discovery Heights
3
Beds
2F11/2
Baths
1,594
Sq.Ft.
2000
Year Built
2
Days on Site
A2140807
MLS®
$525,000
Neighbourhood: Hillhurst
2
Beds
2
Baths
862
Sq.Ft.
2014
Year Built
2
Days on Site
A2141569
MLS®
$230,000
Neighbourhood: Crescent Heights
1
Beds
1
Baths
582
Sq.Ft.
1982
Year Built
2
Days on Site
A2140834
MLS®
$425,000
Neighbourhood: Ranchlands
3
Beds
1F11/2
Baths
1,193
Sq.Ft.
1979
Year Built
2
Days on Site
A2141566
MLS®
$630,000
Neighbourhood: Bowness
4
Beds
2
Baths
1,000
Sq.Ft.
1959
Year Built
2
Days on Site
A2141649
MLS®
$1,298,000
Neighbourhood: Garrison Woods
6
Beds
3F21/2
Baths
2,338
Sq.Ft.
2010
Year Built
2
Days on Site
A2141686
MLS®
Open 6/16
250 Sage Valley Rd NW #504 Calgary,  AB T3R 0R6
2
Beds
1
Baths
836
Sq.Ft.
2014
Year Built
2
Days on Site
A2140509
MLS®

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