My parents have a house worth about $300,000 and their property taxes are about $5000 a year. They had a huge amount of equity to put into the house when they build and did a large amount of work on their own during the construction. They also recently refinanced in the last year to lock in at lower interest rates.
After their downpayment, sweat equity and refi, their payments are lower than their taxes.
My strata fees for our Vancouver condo ~$425/mth. Is the single largest invoice each month, but we probably spend more than that on food, it just doesn't seem like as much because we buy food often.
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