Housing in Canada?
Sep 10th 2019, 9:22 pm
#16
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Re: Housing in Canada?
20ft x 100ft garage for sale in Toronto for $600,000. Obviously the price is for the land but it doesn’t look much wider.
Sep 10th 2019, 9:41 pm
#17
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Re: Housing in Canada?
We're actually planning on doing something along those lines in the next year or so - buying an older home with a front double garage and converting the garage into a livable suite with a bedroom, bathroom and living area for my mother-in-law.
Sep 10th 2019, 9:51 pm
#18
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Re: Housing in Canada?
Also hope they make sure they have medical insurance and can afford to pay for any meds. I spent 5 days in hospital as a visitor...no surgery...approx $40K...which we had to pay before I left the hospital.
Sep 10th 2019, 11:26 pm
#19
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Location: Moncton, NB, CANADA
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Re: Housing in Canada?
There are websites that show how much income is needed to buy properties. Those marginally higher taxes don't make up the gain.
Your $200k would buy perfectly good houses with no mortgage or only a small mortgage. Taxes are not going to take up 100% of your income.
Also to live any quality of life in Canada you need to be in or at least within 2 hours of a major city as Canada is so huge living far and beyond sounds all great until you need to buy something.
Sep 11th 2019, 5:52 am
#20
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Re: Housing in Canada?
- but you say "over here" - are they in a position to be able to live in Canada for 6 months of the year? It's not a given that they would be allowed to stay that long unless they have a supervisa or similar. Why not save up some money so that you are not relying on your in-laws to provide the funds.. then you can choose what type of house YOU want to live in, rather than accommodating someone elses requirements.
Or else buy a cheaper house and convert the basement to a walk-out using some of the money they are prepared to give you. It's not impossible and it doesn't have to be that expensive if you choose a house with an unfinished basement and do the work yourself - or even if the back garden is large enough, look to build an in-law suite (there may be grants available for those) https://loanscanada.ca/money/financi...aging-parents/
https://showmethegreen.ca/home/home-...novation-tips/
https://www.calgary.ca/PDA/pd/Pages/...direct=/suites
Last edited by Siouxie; Sep 11th 2019 at 5:57 am.
Sep 11th 2019, 8:22 am
#21
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Re: Housing in Canada?
I can't make sense of ever buying a house in this country they are way over priced. I live in Calgary, but I lived in Milton, Ontario and Toronto. The housing prices are high all over the country. Even here in Calgary a nice house will cost you $500k with a large down payment people think thats cheap (it is in comparison to the rest of the countries cities) but taking into account property tax and insurance repairs it would cost over $1500 a month more than renting for me. Also prices are going down not up here so its a bad idea and housing prices have never been that much more that $500k house during the boom was maybe worth $600k.
It doesn't fill me with much hope of ever getting a house as this countries housing situation is as bad as the UK.
My company is offering an intra-company transfer to work in Phoenix USA and houses are reasonable down there $250k american will get a nice new house there. But healthcare and labor rules are terrible in USA and I don't want to move there also colleagues down there always complaining about the unbearable summer heat and you are literally stuck indoors for 5 months not only that all the immigration stuff again I don't want to do it.
I feel stuck in Canada I make way more money than I do back in the UK here and my job is not stressful atall like it was back in the UK however it doesn't feel like a forever place as ill never buy a house. My main reason for wanting a house is security as we've been evicted because the landlord wanted to live back in the place before and we can customize it ourself and take care of it. I would love to go back to the UK in my gut feeling however I know practically the sh*t money there and the living so close to people after having space like Canada I would probably be depressed for years to come.
Anyone else in the same boat?
It doesn't fill me with much hope of ever getting a house as this countries housing situation is as bad as the UK.
My company is offering an intra-company transfer to work in Phoenix USA and houses are reasonable down there $250k american will get a nice new house there. But healthcare and labor rules are terrible in USA and I don't want to move there also colleagues down there always complaining about the unbearable summer heat and you are literally stuck indoors for 5 months not only that all the immigration stuff again I don't want to do it.
I feel stuck in Canada I make way more money than I do back in the UK here and my job is not stressful atall like it was back in the UK however it doesn't feel like a forever place as ill never buy a house. My main reason for wanting a house is security as we've been evicted because the landlord wanted to live back in the place before and we can customize it ourself and take care of it. I would love to go back to the UK in my gut feeling however I know practically the sh*t money there and the living so close to people after having space like Canada I would probably be depressed for years to come.
Anyone else in the same boat?
Just saying that be it UK, Canada or any other country you have the same challenges.
Sep 11th 2019, 12:37 pm
#22
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Location: Moncton, NB, CANADA
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Re: Housing in Canada?
...some people choose to live in crowded Dublin for a so called better wage. We decided to go West instead and have to live with the fact that we are earning less than people in Dublin, don't have a Starbucks on our front door and so on. But even with a lower wage, I'd rather have a house here and a small holiday home in Spain....
It's amazing what can be done with the spare money available to offset the "deprivation" of not living in a city that never sleeps.
Sep 12th 2019, 6:28 pm
#23
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Re: Housing in Canada?
Sep 12th 2019, 6:34 pm
#24
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Re: Housing in Canada?
They would only stay a maximum of 6 months probably not even that long in reality it would be like 2 month stints maybe twice or three times a year as they have a house and other commitments in the UK. So theres really no need. But interesting that super visa if they did ever downsize in the UK and look at spending more than 6 months over here I would look at that for them. I hadn't even heard of it before you mentioned so thanks for that.
Sep 15th 2019, 3:26 pm
#25
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Re: Housing in Canada?
They would only stay a maximum of 6 months probably not even that long in reality it would be like 2 month stints maybe twice or three times a year as they have a house and other commitments in the UK. So theres really no need. But interesting that super visa if they did ever downsize in the UK and look at spending more than 6 months over here I would look at that for them. I hadn't even heard of it before you mentioned so thanks for that.
