What will this home cost each month?
Mortgage, property tax at 2026 rates for Toronto and York Region, condo fees, insurance and utilities, added up into one monthly number.
Rates checked against official sources as of November 1, 2026. Your numbers stay in your browser.
Monthly carrying cost
$4,853 /month
$58,231 a year.
| Mortgage payment | $3,985.01 |
| Property tax ($5,371/yr) | $447.60 |
| Condo / POTL fees | $0.00 |
| Home insurance | $120.00 |
| Utilities | $300.00 |
| Other | $0.00 |
| Total | $4,852.61 |
Toronto 2026 residential rate: 0.767311% (city 0.605295% + education 0.153% + City Building Fund 0.009016%).
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How is property tax calculated in Ontario?
Your MPAC assessed value times the total residential tax rate: the municipal rate, plus the regional rate in York Region, plus the provincial education rate (0.153% in 2026). The assessed value is on your assessment notice and is often below today's market value.
What are the 2026 residential property tax rates?
Total 2026 residential rates we have confirmed: Toronto 0.767311%, Georgina 1.191146%, King 0.916009%, Markham 0.722889%, Vaughan 0.749217%, Whitchurch-Stouffville 0.855234%. York Region's 2026 regional rate is 0.392412%.
What does carrying cost include?
Everything you pay monthly to own the home: the mortgage payment, property tax, condo or common-element (POTL) fees, home insurance, utilities and anything else you budget for, such as maintenance.
Why does my lender count only half of my condo fees?
For mortgage qualification, CMHC counts 50% of condo fees in the gross debt service ratio. For your own budget, count all of it, as this calculator does.
Sources
- City of Toronto: 2026 property tax rates (opens in a new tab) — checked November 1, 2026
- Town of Aurora: property taxes (2026 rates document) (opens in a new tab) — checked November 1, 2026
- Town of East Gwillimbury: property taxes (opens in a new tab) — checked November 1, 2026
- Town of Georgina: 2026 tax brochure (opens in a new tab) — checked November 1, 2026
- Township of King: By-law 2026-043 (2026 tax rates) (opens in a new tab) — checked November 1, 2026
- City of Markham: About your tax bill (2026 rates) (opens in a new tab) — checked November 1, 2026
- Town of Newmarket: property taxes (2026 Schedule A) (opens in a new tab) — checked November 1, 2026
- City of Richmond Hill: property taxes (opens in a new tab) — checked November 1, 2026
- City of Vaughan: By-law 103-2026 (2026 tax rates) (opens in a new tab) — checked November 1, 2026
- Town of Whitchurch-Stouffville: 2026 tax rates (opens in a new tab) — checked November 1, 2026
- York Region: By-law No. 2026-08 regional rate 0.392412% (as printed in each municipality's 2026 rate by-law) (opens in a new tab) — checked November 1, 2026
- Department of Finance Canada: mortgage reforms in force December 15, 2024 ($1.5M cap, 30-year amortization) (opens in a new tab) — checked November 1, 2026
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For information only; not financial, tax or legal advice. LSG Realty Inc., Brokerage.