Free buyer tool
Condo Total Carrying Cost Calculator (Mississauga, Toronto & the GTA)
A condo's real monthly cost is far more than the mortgage. Add maintenance fees, property tax, insurance, utilities and parking to see the number that actually hits your budget every month.
- 100% FREE
- ~3 min
- For GTA condo buyers
- True monthly cost breakdown and fee per sq ft
- Licensed Ontario REALTOR®
This calculator uses only the figures you enter. It is not a mortgage pre-approval, a property tax assessment or a prediction of future maintenance fee increases or special assessments.
Mohammed Mustaf, Real Estate Salesperson · HomeLife Miracle Realty Ltd., Brokerage
Not intended to solicit properties currently listed for sale or buyers or sellers under contract.
Educational use only: This tool provides educational information only and is not a rental approval, mortgage approval, tenant-screening decision, legal advice or guarantee.
20.0% of price
Used to show fees per square foot.
Your numbers
Total carrying cost
Total monthly cost
$3,991
Total annual cost
$47,895
Beyond the mortgage
$1,148
Per month, before any fee increases
Mortgage payment
$2,843
Maintenance fee per square foot
$0.96
Compare this across buildings
Mortgage principal
$512,000
| Cost | Monthly | Share |
|---|---|---|
| Mortgage payment | $2,843 | 71% |
| Maintenance fees | $680 | 17% |
| Property tax | $283 | 7% |
| Condo unit insurance | $45 | 1% |
| Utilities not included in fees | $140 | 4% |
| Parking and locker | $0 | 0% |
Before you offer on a condo
- Order and review the status certificate, including the reserve fund study and any planned special assessments.
- Confirm exactly which utilities are included in the maintenance fees, since two similar fees can mean very different totals.
- Ask about the fee increase history over the last five years.
- Confirm whether parking and locker are owned, exclusive use or rented, since that changes both cost and resale.
- Check the building's rules on rentals, pets and short-term stays if either matters to you.
Save your report
Private: never indexed, never posted publicly.
Mohammed Mustaf, Real Estate Salesperson, HomeLife Miracle Realty Ltd., Brokerage. RECO Registration No. 6004851. Educational only, not a mortgage pre-approval, appraisal or legal advice.
How it works
Three simple steps
1Enter the unit's numbers
Purchase price, down payment, mortgage rate and amortization, monthly maintenance fee, what the fee includes, property tax, insurance, parking and utilities.
2See the full monthly picture
A single true monthly cost with a line-by-line breakdown so you can see what the maintenance fee is really adding.
3Compare units fairly
Fee per square foot puts two buildings on the same scale, but only alongside what the fee includes.
Benefits
Why renters & buyers use it
- Avoid budgeting from the mortgage payment alone.
- See how much of your monthly cost is the maintenance fee.
- Compare condos across Mississauga, Toronto, Etobicoke and North York on the same basis.
- Model a special assessment before it surprises you.
- Free, private and calculated in your browser.
Educational context
How this works in Ontario
A GTA condominium maintenance fee typically covers building insurance for common elements, common area maintenance, amenities, the reserve fund contribution and sometimes heat, water or hydro. Two buildings with the same fee per square foot can be very different: inclusions, building age, amenity load, reserve fund health and planned major repairs all matter. A special assessment is a one-time charge to owners when the reserve fund is not sufficient for a major project.
What your result means
Read your result carefully
This is an estimate based on the figures you enter. It is not a mortgage approval, a lender qualification, an appraisal or a statement about the financial health of any building. Before buying, have a lawyer review the condominium status certificate and supporting documents.
Related city pages
Explore the GTA
Talk to a licensed REALTOR®
Prefer a real conversation?
Bring your results to a free, no-obligation call with Mohammed Mustaf. He responds personally within one business day.
Your recommended next step
Keep the momentum going
Buyer Readiness Calculator
Check the purchase price range your down payment and income support before you shortlist condos.
Free AI real estate platform
Continue exploring
Every tool on Hamodi Realty is free, educational, and built for Ontario. Pair this page with the resources below for a fuller picture of your next move.
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