Is $125k enough to live well in Toronto
Aug 24th 2016, 5:24 pm
#31
Assimilated Pauper
Joined: Mar 2005
Location: Ontario
Posts: 40,018
Re: Is $125k enough to live well in Toronto
Could it be the OP is coming here from Dalston, if so, then he is way better off in good old T.O
Even at $2550/mth rent for that basic semi, add on top $300/mth for all in utilities (water, hydro, gas) + whatever cost for tenant insurance, security deposits for all sorts of things, small repaint or wallpaper for the kids rooms, furnishing the place, appliances, TV purchase - the average all in cost spread over a 12 month rental is going to be more the $3000/mth mark, I'm guessing close to $3500, which is 50% of his salary.
Of course the one off capital cost expenditures, hotel etc should be ignored
OP, needs also to take into account the first month settlement costs, ranging from - living in a hotel, meals, taxi etc $$$$$
Aug 24th 2016, 8:02 pm
#32
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Joined: Aug 2016
Posts: 4
Re: Is $125k enough to live well in Toronto
Thanks everyone, especially for the links. Swansea / high park area is where we were thinking beforehand. A few of the guys from work cycle in from around there and recommend it too. Can't find many rental properties coming up there though which suggests its in high demand.
We're going to ask for a bit more as 50% of income on housing doesn't leave much for anything else in my book, and it currently feels like a pay cut in real terms. Thanks again, fingers crossed..
We're going to ask for a bit more as 50% of income on housing doesn't leave much for anything else in my book, and it currently feels like a pay cut in real terms. Thanks again, fingers crossed..
Aug 24th 2016, 8:24 pm
#33
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Joined: Jan 2006
Posts: 0
Re: Is $125k enough to live well in Toronto
At least it's a semi detached house. Whatever that means.
Could be paying 2k plus for an apartment which is not unusual these days in some city's and regions.
Could be paying 2k plus for an apartment which is not unusual these days in some city's and regions.
Aug 24th 2016, 8:40 pm
#34
Born again atheist
Joined: Jul 2005
Location: Europe (to be specified).
Posts: 30,259
Re: Is $125k enough to live well in Toronto
Thanks everyone, especially for the links. Swansea / high park area is where we were thinking beforehand. A few of the guys from work cycle in from around there and recommend it too. Can't find many rental properties coming up there though which suggests its in high demand.
We're going to ask for a bit more as 50% of income on housing doesn't leave much for anything else in my book, and it currently feels like a pay cut in real terms. Thanks again, fingers crossed..
We're going to ask for a bit more as 50% of income on housing doesn't leave much for anything else in my book, and it currently feels like a pay cut in real terms. Thanks again, fingers crossed..
Like dbd33 I eschewed Swansea because it was, in those days, dry.
Aug 24th 2016, 8:52 pm
#35
Dichotomus tinker
Joined: Aug 2013
Location: Ontario, Canada
Posts: 6,678
Re: Is $125k enough to live well in Toronto
Thanks everyone, especially for the links. Swansea / high park area is where we were thinking beforehand. A few of the guys from work cycle in from around there and recommend it too. Can't find many rental properties coming up there though which suggests its in high demand.
We're going to ask for a bit more as 50% of income on housing doesn't leave much for anything else in my book, and it currently feels like a pay cut in real terms. Thanks again, fingers crossed..
We're going to ask for a bit more as 50% of income on housing doesn't leave much for anything else in my book, and it currently feels like a pay cut in real terms. Thanks again, fingers crossed..
High Park | Local House Rentals in City of Toronto | Kijiji Classifieds
Aug 24th 2016, 9:33 pm
#36
Proudly Scarberian
Joined: Aug 2014
Location: Scarberia
Posts: 2,196
Re: Is $125k enough to live well in Toronto
I'm getting into Spadina in about 30 mins from inner scarberia these days. The joys of motorcycling!
Aug 25th 2016, 12:01 am
#37
Assimilated Pauper
Joined: Mar 2005
Location: Ontario
Posts: 40,018
Re: Is $125k enough to live well in Toronto
A single building containing two dwellings, each of which includes a ground floor area. A "duplex" in some jurisdictions. Typically, a purpose built semi-detached is in two symmetrical halves with the central wall dividing the two halves.
Aug 25th 2016, 12:06 am
#38
Account Closed
Joined: Jan 2006
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Re: Is $125k enough to live well in Toronto
Oh yes, a duplex makes sense, only term I have ever heard used...
Aug 25th 2016, 2:15 am
#40
Yo
Joined: Nov 2012
Location: UK
Posts: 24,474
Re: Is $125k enough to live well in Toronto
What does "dry" mean? No local pubs or something?
Aug 25th 2016, 3:05 am
#41
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Joined: Feb 2013
Location: BC, Canada
Posts: 3,874
Re: Is $125k enough to live well in Toronto
we have side by side duplexes, front and back duplexes, and upper and lower duplexes here ............ but the term "semi-detached" is not used 
Aug 25th 2016, 3:47 am
#42
Forum Regular
Joined: Aug 2012
Posts: 226
Re: Is $125k enough to live well in Toronto
$50k pay cut seems a lot as the cost of living is much the same. does your company want you to move if they do they may be persuaded to pony up on the wages. but i dont suppose that would be 50k more than your Canadian colleges
Aug 25th 2016, 4:04 am
#43
Yo
Joined: Nov 2012
Location: UK
Posts: 24,474
Re: Is $125k enough to live well in Toronto
does $125k represent the going rate for your job in canada and the GTA or would $175k be possible.
$50k pay cut seems a lot as the cost of living is much the same. does your company want you to move if they do they may be persuaded to pony up on the wages. but i dont suppose that would be 50k more than your Canadian colleges
$50k pay cut seems a lot as the cost of living is much the same. does your company want you to move if they do they may be persuaded to pony up on the wages. but i dont suppose that would be 50k more than your Canadian colleges
Aug 25th 2016, 6:34 am
#44
Born again atheist
Joined: Jul 2005
Location: Europe (to be specified).
Posts: 30,259