The Official Toronto Discussion Thread

[Lana Kane]

Good luck
Downpwyment on a average house is like 50k

A house???????????? Nah.

I'm looking for a place somewhere near Yonge/St.Clair or Summerhill. That's my goal.
Preferably a condo with a balcony. I've seen nice ones when I used to take the subway.

 

[MikelArteta]

Still like 350-400k plus maintenance

A house???????????? Nah.

I'm looking for a place somewhere near Yonge/St.Clair or Summerhill. That's my goal.
Preferably a condo with a balcony. I've seen nice ones when I used to take the subway.

 

[Deluuxe]

I'll stare right the fukk back.

Unless its some mafioso nikkas..gotta pick my spots knowmtalmbout?

Pay damn near a million to move into an area and get treated like 2nd class citizens brehs .

 

[Lana Kane]

Still like 350-400k plus maintenance

Thank you for shytting on my dreams

 

[Deluuxe]

I know. I'm trying to move out by 25 but my grandma refuses to let me leave
It's a good area if you're raising kids, not a good place for a 23 yr old person though

I don't live downtown but I love close enough. I personally don't like living in the HEART of downtown but I'd buy a condo in the yonge/st.clair area. I like what they did with the whole st clair strip

 

[MikelArteta]

I already know me leaning a home in the GTA is a dead dream. Especially considering I'll never get married for that dual income.

But I got my house in Jamaica calling me when I can work from home :khom:

Thank you for shytting on my dreams

 

[Lana Kane]

I don't live downtown but I love close enough. I personally don't like living in the HEART of downtown but I'd buy a condo in the yonge/st.clair area. I like what they did with the whole st clair strip

That's what I'm saying. I want to be close to it but not too close. That area is absolutely perfect for me.

 

[Lana Kane]

I already know me leaning a home in the GTA is a dead dream. Especially considering I'll never get married for that dual income.

But I got my house in Jamaica calling me when I can work from home :khom:

I wanna go back to the islands and live there
St. Vincent

 

[Desirous]

Still like 350-400k plus maintenance

Yep. I live around this area and it's not cheap at all actually. Best bet is to try North York...Yonge/Finch and or Yonge/Sheppard area or even Etobicoke...the prices are a little better and you're still close to downtown.

Thank you for shytting on my dreams

Some builders offer pretty good incentives (you can also use your RRSP towards your downpayment...you have 15 years to put the money back into your RRSP). If you're buying pre-construction, you'll get a better price than re-sale, but you need 20% down because the builder has to collect enough money to get their financing from a banking institution (which happens when they sell around 70-75% of the condo).

 

[MVike28]

Pay damn near a million to move into an area and get treated like 2nd class citizens brehs .

breh thats overblown..i feel great out here..neighbours are mad cool..

gym got some funny characters tho..

def dont feel like 2nd class citizen whatsoever

 

[Deluuxe]

I already know me leaning a home in the GTA is a dead dream. Especially considering I'll never get married for that dual income.

But I got my house in Jamaica calling me when I can work from home :khom:

But a bungalow and fix it up. but yeah that dual income. Black folks need to get on that wave

Yep. I live around this area and it's not cheap at all actually. Best bet is to try North York...Yonge/Finch and or Yonge/Sheppard area or even Etobicoke...the prices are a little better and you're still close to downtown.


Some builders offer pretty good incentives (you can also use your RRSP towards your downpayment...you have 15 years to put the money back into your RRSP). If you're buying pre-construction, you'll get a better price than re-sale, but you need 20% down because the builder has to collect enough money to get their financing from a banking institution (which happens when they sell around 70-75% of the condo).

those condo fees are REAL. Preconstruction u can never know what the real condo fees will be because they go up. The crazy part is that these building are new and the fees keep increasing... So what about when the building actually needs real repairs in years to come? The fees will be the same as your mortgage

 

[MVike28]

But a bungalow and fix it up. but yeah that dual income. Black folks need to get on that wave
those condo fees are REAL. Preconstruction u can never know what the real condo fees will be because they go up. The crazy part is that these building are new and the fees keep increasing... So what about when the building actually needs real repairs in years to come? The fees will be the same as your mortgage

condo fees

 

[MikelArteta]

Condo monthly fees are outrageous , sometimes like 650-800 a month.

On top of your mortgage cray.

 

[MVike28]

Condo monthly fees are outrageous , sometimes like 650-800 a month.

On top of your mortgage cray.

for a shoebox

 

[MikelArteta]

Even bungalows are like 500-700k in the city now. Plus buying one , probably have to do the roof, a new furnace etc.

But a bungalow and fix it up. but yeah that dual income. Black folks need to get on that wave
those condo fees are REAL. Preconstruction u can never know what the real condo fees will be because they go up. The crazy part is that these building are new and the fees keep increasing... So what about when the building actually needs real repairs in years to come? The fees will be the same as your mortgage