Costs in Toronto
 

So where making the move to Toronto have a job secured and just trying to sort the visas basically I'm a mechanic and the wages are working out about 69000$ before tax and that's not including over time.so what I am asking is that a relatively good wage in Toronto and would it be enough to support my family and I I reckon il be paying around 1200$ a month on rent just wondering do you's think we would be able to get buy no problem

Re: Costs in Toronto
 

Downtown Toronto or further afield?

How many family members?

Will you need a car or two?

What lifestyle do you expect?

Will you have a chunk of cash with you?

Will you be the sole earner?

Do YOU think you can get by on that wage?

Re: Costs in Toronto
 

Depending on where you come from in the UK, you may or may not find Toronto expensive when comparing. Rent and house prices don't drop much until you are outwith the commutable distance of Downtown ie. Oshawa to the east, Barrie north, Guelph west and Hamilton south. Having said that, some people actually commute to T.O from these cities. They mainly use the GO trains though. A half decent rental property, three bedrooms, will easily set you back $1700 to $2000 plus utilities. The same detached house will cost $400,000 $500,000 without the blink of an eye.

I won't even start on car insurance - do your research to avoid shitting your pants.

$69,000 is an ok salary as long as your other half is earning too. I read that the average household income of GTA is well over $100,000.

Have you been out? If not, I would advise you to do so. Make up your own mind by experiencing a week or so personally. This site is littered with stories from people who made the jump without doing proper research, only to be shell shocked and disillusioned shortly after arrival.

Good luck.

Re: Costs in Toronto
 

I would say that you will struggle on that wage for a family, depending on how many of you there are. Like other posters have said, it depends very much on location, etc.

OH and I have just bought a house, in the Jane and Lawrence area, so nowhere glamorous, but not out in the sticks, have 1 car, and are on about $90k combined before tax. We're trying to put in recommend amounts to RRSPs and TFSAs, so are saving quite a lot, but with mortgage, bills, and a holiday fund, so I can fly back home once a year we're not left with a huge amount to play with. We have a budget of $50 per week on groceries and that's just the 2 of us (and it's a tough budget to stick to!).

Of course renting v.s owning is important too considering all the bills that come with a house are often rolled into the rent.

It may be that on that wage, you can live comfortably, but you have to commute longer. Just be sure to research and crunch a lot of numbers before upping and moving.

Re: Costs in Toronto
 

So you reckon that money isn't great and you think I'd need 100,000 that's a bit far fetched I'm actually from Ireland and have a pritty ok lifestyle I am in the military and earning 40000e + and I get by my rent is 1000 a month hear so surely I'd have to be beter off with what I'm being offered in Canada?? What do you people think

Re: Costs in Toronto
 

Downtown Toronto or further afield?

How many family members?

Will you need a car or two?

What lifestyle do you expect?

Will you have a chunk of cash with you?

Will you be the sole earner?

What type of property do you want to live in?

Re: Costs in Toronto
 

They've told you above what they think - general consensus so far is that you'd struggle on just that wage. And really to get any meaningful answer you need to answer the questions El_richo asked you above. For instance, if your wife will be earning as well, that will make a big difference.

Cost of living is usually considered to be about the same in Canada, so would you be able to survive on the equivalent wage in an equivalent Irish city i.e. €50k in Dublin?

You'll need to do your sums to make sure you can afford to move, you could do a budget to help you figure it out. So work out what $69k would be after tax, then take away your rent ($1200 is incredibly optimistic imo), groceries, bills, etc. Buying at least one car, and car insurance as well (as has been said above, be prepared for a shock, thousands a year rather than hundreds), plus activities and other living expenses.

Don't forget to add on your moving costs, and then additional expenses i.e. rental deposits etc.

Once you've done a rough budget you could post it here and people who live in Toronto will be able to tell you if the figures are realistic. And the area of Toronto you are planning on living in will also be a factor - where are the houses you've seen for $1200 a month out of interest?

Re: Costs in Toronto
 

and what was covered by the rent?

Re: Costs in Toronto
 

Maybe they're looking to fly across to the Atlantic to live in somebody's basement :confused:

Re: Costs in Toronto
 

Not at all far fetched - $100k plus common salary in the GTA and you'll need every cent. People really under estimate how much it actually costs to live here.

Re: Costs in Toronto
 

+1

Re: Costs in Toronto
 

God maybe it's not as great as I have being expecting

Re: Costs in Toronto
 

All i'd say is REALLY do your homework. Everything (with the exception of gas as in petrol) is higher than UK, remember also that you have to add 13% HST to everything, it's not built in like UK prices.

IMO on $69k a year in the GTA you will struggle.

Re: Costs in Toronto
 

You have to factor in any differences in cost of living. Are you living in Dublin? Or somewhere else in Ireland that has a lower cost of living?

Similarly there are differences in cost of living in different areas of Canada. $1200 in Toronto is probably going to mean you're renting an apartment rather than a house.

Re: Costs in Toronto
 

and a very small apartment at that.