Assuming the current lowest posted rate on Ratehub of 2. I would assume you pay the entire amount over the full year amortization period? But I still believe we need to rethink the idea that renting is just throwing away your money while buying a home is not.
You throw away some of your money when you buy too. Thanks for sharing your detailed analysis! Not a bad deal for us. We know others paying ish for rent also but not as close to Edwards Gardens.
If you want to compare your rent to a home you would need to use a mortgage of about k. If you did the math on a k home you will find that you will be farther a head on owning the home rather than renting.
That would depend on your downpayment and the terms you can get for financing. I would suggest you talk to a bank to see how much they would pre-approve you for and at what interest rate and go from there…or you can play with our mortgage calculator and see what comes up!
Dishwasher, yes, but that uses WAY less water than using the sink anyway,. Showers not baths, and no watering the garden. Oh and we use the smallest garbage can they offer. Totally doable, with minimal effort, even with a family of five. Your email address will not be published.
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Second Homes. Market Updates. Real Estate News. Real Estate Crushes. For Realtors. Just got our first full bill at the new house. We don't even have grass to water yet. It is out of control. It would take a minimum wage worker an hour a day to pay for that. Saskatoon, old house maybe sq. One who is offended by truth, has no place among those who seek wisdom.
Small sq. Instead of posting my rates i'll explain how to reduce your bills. Other uses are usually superfluous and can be minimized or eliminated. Other uses of electricity can often be omitted, reduced or supplanted. A close friend of mine at work hears me talking about this and she tells me about the Ontario spousal laws and warns me that I'm being setup for financial rape. I end the relationship a day later. In her angry breakup email she states how she is going to come after me for my pension.
LOL Guys.. Toronto females hate men with a vengeance, and the police treat men like slaves. Getting out of Toronto on Aug 18, : These comments are a dumpster fire. But the sentiment is correct. John Lawson on Aug 15, : Its only one small aspect of the city but does anyone else notice the issue the downtown has with a perpetual smell of garbage and sewage? Every time I visit Toronto admittedly usually just commuting in from the burbs for a Jays game the stench is just brutal. Ive been to pretty much every big city in North America, and none of them have a problem with this on par with Toronto.
New York was pristine and hygenic last year. Its probably driven by that sewer line theyve been working on for what feels like a decade in front of Union station, but the amount of trash on the street is pretty extreme in some places too Jennifer on Aug 07, : rocky Canada has a low-wage economy due to the hour of labour and high household debt due to not being able to save money in conjunction with exhorbitant mortgage debts caused by the influx of rich foreigners we are forced to compete with for housing and the "foreign investors" i.
Believe it or not, we don't need people like you and if you are never allowed into the country again this will be met with only a collective sigh of relief. Jill on Jul 31, : The secret of success is to work harder than others every day Barton on Jul 31, : Who keeps pumping up the avg. That's double what FT pays NET rocky on Jul 28, : One can easily tell from the comments left here by Canucks that the education system in Canada is substandard and a lot of Canucks are truly uneducated on how the economy works and where the funding comes from.
This frozen wasteland of a nation with a piddly 35 million people desperately needs global investors and entrepreneurs to pay for the over-taxed socialist nanny state looking after alcoholic hicks, rednecks and homeless bums on the streets that complain all day and contribute nothing. Illiterate imbecile. Anonymous on Jul 22, : Rocky, if your belt is loose your pants could fall down causing you to lose your wallet.
Please use the English language properly if you are going to tell others to educate themselves. Do you have any idea how much money is injected into the economy by foreigners? Canada can't survive without foreign investment and this pandemic has caused immense financial loss to the national economy already. Educate yourself.
If Canada closes the doors to foreigners then Canada looses out as people will invest their wealth in another country. Jenn on Jul 19, : Anonymous said on November 23, about Toronto's escalating rent crisis: "I wonder if Toronto will face riots if this continues? Jennifer on Jul 19, : If we can keep the borders closed for another months including the slowed-to-a-trickle immigration numbers we've seen under COVID, keeping out the foreign students, tourists and foreign investors exploiting airbnb and the foreign money launderers we may be able to return to something resembling an actual livable city for the people who actually grew up here.
Signs are encouraging. Justin, if you do this like literally all of Canada wants you to, you got my vote, that's for d mn sure. Franco on Jun 10, : The homeless population of Los Angeles, the rent of Manhattan, job prospects of Russia, racism of Poland, fuel prices of Iceland, taxes of Sweden, cost of living of Singapore, nepotism of Tel Aviv, work-life balance of Tokyo, collective happiness of Afghanistan. Being stuck in a debt spiral and working until death for food, sheltar, and transportation is the norm.
Toronto veteran Pat on May 31, : Garbage place. This page here for Toronto should not even exist because Toronto is extinct. That is easy money.. Anonymous on May 05, : Ravi Hooda is most likely the anti-Muslim poster who is flagging comments which are critical of real estate. The feds and the realtors are unemployed and they can't use the city services to censor comments But if you're a war criminal or money launderer, Toronto is great!
I have bought several mid rise buildings in the Parkdale area and I want my rent paid by April 1st! A Landlord on Mar 25, : During the pandemic, please try to keep healthy and safe by not being poor. If you are temporarily out of work, you can try applying for a job at Walmart, Shoppers Drug Mart, Metro or other grocery stores and essential services.
Delivery services like Amazon are also hiring as more people are requiring deliveries to their homes. If you don't want to work or pay rent, please don't come here and create problems for the Landlords.
Toronto is a growing city and we don't have time for freeloaders and scumbags. Jarvis on Mar 19, : To the Pisslamic rat below me.
Nobody wants you in Canada Muslim terrorist. Absolutely everyone hates being around Muslims. So go back. Anonymous on Mar 18, : Jarvis: Ok Boomer. Let us know when you are planning to commit a mass shooting. The cops probably have your IP address already. Send these terrorists back to Porkistan.
Jarvis on Mar 18, : Pay no mind to the Jihadi Pisslamic terrorist below me. Jarvis on Mar 16, : No sympathies for immigrants struggling in Canada. Get in line. Canada is not a free ride. Anonymous on Mar 16, : Toilet paper has increased significantly for the past week. Greedy speculators are gouging Canadians just like the Landlords and Boomer home owners. Please Jesus let the Coronavirus affect the Boomers who are gouging the rent and house prices for their greedy lifestyles such as buying vacation properties in formerly Native Indian reserves in South America.
How are the younger generations going to get ahead when the Polish nationalist Boomer in Canada wants mass immigration to increase his rent and house prices, yet the Polish nationalist doesn't like immigrants. Make up your mind Boomer!
When are you going to expire? You will be stuck in a lifetime of poverty and fear of homelessness. You might die prematurely because there are no affordable housing or food in Toronto. Food banks are in dire need of donations, and apartments are rising sky high. Anonymous on Mar 07, : Toronto has a homeless problem. Is it better to live in university's dorm? You sure ain't getting Manhattan salaries when newcomers are begging to work for free.
Jennifer on Feb 24, : Toronto's fertility rate was 1. Nobody in Toronto is having kids. Hamilton is Canada's hate crime capital. Go look at the top 10 cities for hate crimes in Canada per StasCan, 8 are in Ontario.
Do not move to Ontario if you want kids or grandkids and do not want to become a victim of a hate crime. Nobody in the GTA can afford kids and we can see that the government will not stop foreign money laundering into our markets by only allowing citizens or permanent residents to buy homes here, so everyone - nonwhite and white alike - are nihilistic and don't even bother with reproducing the next generation when there is no hope for them here.
Is this what you want for your future? Stay away from Ontario and probably Canada in general. All we do is party and drink because there's no other hope or purpose here.
We are serfs who only love to work and pay unaffordable rents. Anonymous on Feb 18, : If foreigners weren't being lied to regarding job prospects I wouldn't have an issue with Toronto.
All you get in Toronto are unhappy immigrants who were told a lie but are afraid to stand up against those who lied to them. Instead they vent their anger towards the Canadian-born who doesn't know what is being told inside immigration offices in Bombay or Lahore. Janice on Feb 15, : Toronto is a great city to live.
We have the tallest building in North America. New York here we come! Do the math before moving to Toronto. Rents are insane, but jobs that pay a living wage are hard to find. Anonymous on Feb 11, : It's hilarious to see everything blamed on white people and their racism.
The truth is that you aren't only competing against white people. You are competing against your fellow pajeets too. So no matter how unfair you think Canada is, there is another Pajeet having wet dreams about coming here and taking on that sweet min wage position in such prosperous North American lands.
White people aren't crapping in your morning cereal, you've got that well taken care of Anonymous on Feb 10, : True North, Aren't you also guests because your ancestors came here by force a few hundred years ago? Why did your ancestors land in Canada, spread smallpox and nasty white people diseases and almost exterminated the entire Indigenous population?
To add insult to injury, the remaining survivors were forced into residential schools and taught to "take the Indian out from them" under appalling conditions. Now the current system in Canada wants to scam immigrants to come here and live like slaves. Anonymous on Feb 10, : Immigration is an economic system, pure and simple, Canada has perfected it, Germany is catching up to it, many other DYING countries will end up doing the same.
Even Japan is experimenting with the immigration concept. Anonymous on Feb 08, : Jim Toronto is way over valued for what it is. It is not a world class city. Jim on Feb 07, : Yes Toronto is a capitalist meat grinder just like any city in the world. There's nothing superior in Toronto that you couldn't find in another city in another country. Only you could do it for cheaper. For the cost of a mediocre life in Toronto you could afford a much more agreeable lifestyle elsewhere in the world.
Anonymous on Feb 06, : No dude it's because foreign credentials are not recognized in Canada. The issue here is that Canada invites everybody here but isn't transparent about the fact that most of your credentials will count for nothing. There is a real problem with this but you guys immediately jump to racism as the answer to everything. I guess it's an effective way of getting what you want?
It is racism because Canadian employers would rather hire a dumb white blonde with a high school diploma than an educated foreigner for a job. Why do Canadians expat in oppressive Middle Eastern countries and earn high wages while the locals and foreigners from Asia are treated like slaves?
Anonymous on Feb 06, : "Racism is definitely involved if educated immigrants are being denied jobs in their fields while being accosted due to their religion or race on the streets of Toronto. Jason on Feb 05, : The Canadian public health-care system is among the most expensive among OECD countries as well as the least efficient, according to a new report by the Fraser Institute. Canada has just 2. Canada ranks slightly better in terms of nurses 9. In terms of acute care beds, however, Canada ranks last, at 1.
Anonymous on Feb 04, : The man who is accosting brown people in Toronto by yelling Yama Yama to their faces does this a lot to mainly young men who he perceives as Arabian refugees. He doesn't know the difference between Hinduism and Islam and he accosts any brown person for this reason. He's racist and he doesn't like people who are Hindus or Muslim, even if they are actually Christian Sri Lankans.
Are you that foolish? The man does this a lot and someone in the area suspected that he tried to assault a Muslim woman in the Don Mills area.
The Muslim woman should have hired a hitman and got rid of that racist mad man. Anonymous on Feb 02, : Jason it's no use arguing with these Canadians. The immigration lawyers, the Canadian government and the embassies lie to foreigners Jason on Feb 02, : Radmandeep You seem to completely miss the point.
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