How realistic are my expectations? London to Toronto
#46
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Joined: Mar 2016
Location: SW Ontario
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Re: How realistic are my expectations? London to Toronto
I have to add to some of the latest comments. What you are looking for may be 10 years to late, the way the property market has been here. The same can also be said for parts of Australia.
The dream is still being sold to the UK. The reality is very different.
The dream is still being sold to the UK. The reality is very different.
#47
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Joined: Dec 2017
Posts: 134
Re: How realistic are my expectations? London to Toronto
Ok, keeping GTA aside for now, is there anywhere left in Canada where I can get what i want AND has a decent local IT job market?
#48
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Location: Orton, Ontario
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Re: How realistic are my expectations? London to Toronto
I looked and there are some properties 2500 sq ft for around $1mi and a few (very few) freehold properties in Hamilton for less than $250k so it is possible in the GTA. Sorry, we have been a bit negative in our responses.
When we came we were also thinking of mortgage free living but when we saw the properties that we could afford with a mortgage we went that way. We have not regretted it.
#49
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Re: How realistic are my expectations? London to Toronto
I am tending to agree with @Hgerchikov, looking back at you role. Your may want to focus on the Waterloo/Kitchener area more startup culture.
Ottawa or Montreal may also work for you.
I agree some of the posts may not have been the shining example of emigration, but hey this is the reality from people who have moved and not trying to sell you the dream.
Ottawa or Montreal may also work for you.
I agree some of the posts may not have been the shining example of emigration, but hey this is the reality from people who have moved and not trying to sell you the dream.
Last edited by Siouxie; Jan 13th 2018 at 1:45 am. Reason: Removed first name, privacy :)
#50
Re: How realistic are my expectations? London to Toronto
I am tending to agree with @Hgerchikov, looking back at you role. Your may want to focus on the Waterloo/Kitchener area more startup culture.
Ottawa or Montreal may also work for you.
I agree some of the posts may not have been the shining example of emigration, but hey this is the reality from people who have moved and not trying to sell you the dream.
Ottawa or Montreal may also work for you.
I agree some of the posts may not have been the shining example of emigration, but hey this is the reality from people who have moved and not trying to sell you the dream.
Last edited by Siouxie; Jan 13th 2018 at 1:46 am. Reason: Removed 1st name, privacy :)
#51
Re: How realistic are my expectations? London to Toronto
If you had in mind renting out, is it possible that rental income may have been similarly under estimated? Maybe you might get as much from one as you thought for two, if you see what I mean?
#52
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Location: SW Ontario
Posts: 19,879
Re: How realistic are my expectations? London to Toronto
Does it make a difference if you have one rather than two investment properties? Or even none if you're both working.
If you had in mind renting out, is it possible that rental income may have been similarly under estimated? Maybe you might get as much from one as you thought for two, if you see what I mean?
If you had in mind renting out, is it possible that rental income may have been similarly under estimated? Maybe you might get as much from one as you thought for two, if you see what I mean?
Last edited by Siouxie; Jan 13th 2018 at 1:53 am.
#53
Re: How realistic are my expectations? London to Toronto
The 3.2 house we sold in Burlington in 2006 for $275k is currently on the market for $649k!!
#54
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Joined: Dec 2017
Posts: 134
Re: How realistic are my expectations? London to Toronto
I am tending to agree with @Hgerchikov, looking back at you role. Your may want to focus on the Waterloo/Kitchener area more startup culture.
Ottawa or Montreal may also work for you.
I agree some of the posts may not have been the shining example of emigration, but hey this is the reality from people who have moved and not trying to sell you the dream.
Ottawa or Montreal may also work for you.
I agree some of the posts may not have been the shining example of emigration, but hey this is the reality from people who have moved and not trying to sell you the dream.
#55
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Re: How realistic are my expectations? London to Toronto
#56
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Location: BC, Canada
Posts: 3,873
Re: How realistic are my expectations? London to Toronto
You should also realise that selling a house that is not your primary residence can lead to a huge tax bill, depending on how much the assessment has risen on the secondary property since since you bought it.
You could get really dinged at that point.
You could get really dinged at that point.
#57
Re: How realistic are my expectations? London to Toronto
I will counter that by saying that to prevent that you need to buy in NS. We lost approx $200,000. No negative CGT unfortunately.
#60
Re: How realistic are my expectations? London to Toronto
Last loss making house was sold about four years ago, the previous one about seven years ago. We sold another house around five years ago, sadly I don't remember what we paid for it, nor what we sold it for, we may have won on that one. Note that I'm comparing only sale prices, if you include the cost of sale I think it's still easy enough to lose money.