Moving from a condo to a house in Toronto is exciting, but homeownership comes with new responsibilities. Unlike condo living, where maintenance and utilities are often included, owning a house means handling things like garbage collection, appliance rentals, and home maintenance yourself.
Key Things to Know as a First-Time Homeowner
✅ Garbage & Recycling Fees
In Toronto, garbage collection isn’t fully covered by property taxes. You’ll need to pay based on your bin size. The city offers rebates for smaller bins, so choose wisely!
✅ Rental Contracts for Water Heaters & HVAC
Check your purchase agreement—many homes come with rental contracts for hot water tanks, furnaces, or air conditioners. Companies like Enercare and Reliance charge high fees, and buying out these rentals can save thousands in the long run.
✅ Utility Setups
Unlike condos, where utilities may be included, you’ll need to set up separate accounts for water, electricity, and gas. Be sure to check for existing service agreements before signing up.
✅ Home Maintenance & Repairs
As a homeowner, you’re responsible for everything from roof repairs to plumbing issues. Regular maintenance can prevent costly repairs down the road.
✅ Property Taxes & Insurance
Expect higher costs than condo fees—property taxes, home insurance, and potential maintenance emergencies add up quickly.
By being proactive, you can avoid unexpected expenses and fully enjoy your new home. Have any other tips for new homeowners? Share them below!
Richard Wang 