08/18/2026
🚗 That $735/month car payment could be costing you more than you think.
In Canada, a car payment of around $735/month can represent roughly $140,000 of mortgage buying power. 🏡
And here’s the thing:
A house won’t necessarily stop you from buying the car you want… but that car payment can absolutely affect how much home you can afford.
Before taking on that next big monthly payment, ask yourself:
“Is this payment getting me closer to the lifestyle I want or further away from homeownership?”
Sometimes it’s not about making more money.
It’s about being intentional with the money you already have. 💰
HomeBuying FinancialLiteracy