Mortgage payments for Canadians stem beyond just a simple monthly payment. Property taxes, interest rates, and amortization periods are all items to critically consider when purchasing a residence. Traditionally, Canadians tended to obligate themselves to monthly payments. Today, lenders and mortgage brokers allow homeowners to pay off their mortgages using monthly, semi-monthly, bi-weekly, and weekly payments.
Property tax rates are dependent on several factors, such as province, city, and the assessed value of the property. Enter your information into the required fields to calculate your mortgage payment today.