What other costs do you pay after buying a home in Canada? Except property taxes itself. Let’s find out!

Electricity

Canadians from coast to coast pay a different price on their electricity bill. Each province has its own electricity supplier company. On average, Canadian residents pay around $60 to $80 dollars per month.

Water

In Canada, water is heated by individual boilers, there is no public water supply. So it all depends on your consumption.

Heating

More than half of Canadian households have central heating systems. Out of those, many use natural gas and the rest use oil or propane. It is entirely based on what is and what is not available in the area. The furnaces are more often than not kept in the basement. Homes in rural areas may still use wood-burning furnaces that are housed separately in an out building but connected through air ducts. Most homeowners will spend $50 to $150 on heating depending on the area where the house if apartment is located. 

Internet

For a basic internet package, you can expect average monthly costs around $60 to $80 depending on the internet provider. 

Insurance

Home insurance is not legally required in Canada if your house is fully paid for, but you will need to purchase home insurance in order to get a mortgage. If you rent out the place in Canada, there is such a thing as tenant insurance. Tenant insurance protects you and your personal items if you rent your home. Tenant insurance rates vary across Canada, but standard rates fall on the lower end of $30 to $50 per month.

In general, costs can vary greatly from province to province, as service providers and their terms and conditions are different.