09/02/2026
The mortgage payment is only part of the monthly cost of owning a condo.
Before deciding what you can afford, make sure you’re accounting for:
• Mortgage payment
• Strata fees
• Property taxes
• Home insurance
• Utilities
That “affordable” mortgage payment can look very different once you add everything up.
The goal isn’t just to afford the condo today — it’s to still feel comfortable living in it a few years from now.
Building your budget? Use the second number, not the first.