Each year the Average Canadian homeowner whose home is more than seven years old will spend on average 1.6% of it's current value in order to protect that current value. In 2014 Canadian homeowners spent over $50 Billion on replacing, maintaining and updating their homes. Between January 1st 2004 and December 31st 2014 in excess of $410 Billion was spent to protect the value of Canadian's most important asset that being their home.
THE CANADIAN STANDARD
Owning a home requires a serious financial commitment far in excess of the limited costs that banks and real estate agents use to qualify you for a mortgage loan. Paying your mortgage, property taxes and heat is only the start. As a matter of fact in order for you to legally keep your mortgage and keep your home insured a homeowner is required to spend far more each month than just paying the monthly commitments that were used to qualify you for a mortgage loan.
RMR or replacement-maintenance-renovation is the ongoing cost of homeownership that allows your mortgage and insurance to remain in place on your home. RMR is also how your home will be judged if you decide to sell it. Since no home buyer would willingly or knowingly pay market price for a home that needs things to be replaced, requires immediate maintenance or has outdated features, RMR also protects your investment in your home by maintaining its market value.
The Wealthy Homeowner™ uses the real world experiences of real homeowners that now covers over 100,000 years of homeownership and provides you with an RMR schedule that is backed by the real life experiences of over 5000 families during their lifetime of home owning.
This research is a North American first and because it relies on recording and tracking real life experiences of actual homeowners for more than 35 years, it cannot be reproduced anywhere else.