Oakville Real Estate News

Your Property Tax


Blog by Joette Fielding | November 7th, 2016


property-tax.jpgProperty taxes are one of those ongoing costs of owning a home that you don’t really hear too much about when you get your mortgage. They figure into your GDS and TDS ratios at the time of your mortgage approval, but they tend to increase over time while your mortgage, generally speaking, does the opposite. Let’s take a look at these taxes in greater detail – you’re going to pay them, so you may as well know what you’re paying for and how it’s calculated.

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