My scenario,honest opinion please.
Aug 31st 2015, 4:58 pm
#46
Oscar nominated
Joined: Jan 2008
Location: Moncton, NB, CANADA
Posts: 51,059
Re: My scenario,honest opinion please.
Quite a few don't bother with TV package with the various gadget and internet alternatives
As it happens I'm in the process of adding fibre-op TV to our phone/internet bundle. The three year deal is actually less than just the phone/internet currently is. $109 instead of $111.
Internet $80
Aug 31st 2015, 5:09 pm
#47
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Posts: 0
Re: My scenario,honest opinion please.
lets suppose after you get here that after buying the house, the vehicle etc you have ~$300k in the bank in a hugely 1% interest paying account, that will give you $3000/yr interest income which you have to declare as taxable income.
Then (as you mentioned) you likely will both work part time (no benefits) 25hrs/wk at minimum wage of $11/hr = 50hr x $11 = $550 gross $450/wk net, or $23,400/yr + $3000 interest = $26,400 income or $2200/mth
Your monthly expenses will be something along the following excluding prescriptions which you may need to buy medical insurance or get on the Trillium drug plan....
Its my guesstimate & I'm usually lean & mean on the numbers
Total ~ $2450
Utilities (electricity, gas, water) $350
Phones (4 x cell phones + a landline) $200
Cable TV $100
Internet $80
Property tax $300
Vehicle costs (petrol & other) $200
Public transit $100
Repairs & maint' $100
Insurance (house, vehicle) $120 (bare minimum) as a new resident with zero history, it could be double that
Groceries $450
Clothing $100
Entertainment (eating out, movies, booze, kids pocket money) $250
Misc $100
With two teens, cost of travel, my guess is you may need to use the capital or find work that pays more or work more hours
.
Then (as you mentioned) you likely will both work part time (no benefits) 25hrs/wk at minimum wage of $11/hr = 50hr x $11 = $550 gross $450/wk net, or $23,400/yr + $3000 interest = $26,400 income or $2200/mth
Your monthly expenses will be something along the following excluding prescriptions which you may need to buy medical insurance or get on the Trillium drug plan....
Its my guesstimate & I'm usually lean & mean on the numbers
Total ~ $2450
Utilities (electricity, gas, water) $350
Phones (4 x cell phones + a landline) $200
Cable TV $100
Internet $80
Property tax $300
Vehicle costs (petrol & other) $200
Public transit $100
Repairs & maint' $100
Insurance (house, vehicle) $120 (bare minimum) as a new resident with zero history, it could be double that
Groceries $450
Clothing $100
Entertainment (eating out, movies, booze, kids pocket money) $250
Misc $100
With two teens, cost of travel, my guess is you may need to use the capital or find work that pays more or work more hours
.
Internet is about 80/month for us but can be 120+ if you need faster connection/more data.
Must have cheap insurance in ON, car insurance alone for us is 120 something a month and that is with the max discount, 42% or whatever it is, maybe it's 40%.
Last edited by scrubbedexpat091; Aug 31st 2015 at 5:12 pm.
Aug 31st 2015, 5:23 pm
#48
Dive Bar Drunk
Joined: Nov 2006
Location: Toronto
Posts: 8,649
Re: My scenario,honest opinion please.
For the OP who seems to be stuck on spending $320k for a property, to live a frugal lifestyle with two kids!. Is that doable anywhere in BC, that the OP can still find work (25hrs/wk at minimum wage) as well as live on $24k/yr?
Thats what the OP posted their plan was
Southern Ontario is doable if the OP wants Stoney Creek - buys a 3 bedroom bungalow with a basement apartment that they can rent out for $1000/mth
Thats what the OP posted their plan was
Southern Ontario is doable if the OP wants Stoney Creek - buys a 3 bedroom bungalow with a basement apartment that they can rent out for $1000/mth
Here is just 3 that I found in 1 minute on Vancouver Island:
#34-711 MALONE ROAD, LADYSMITH, British Columbia V9G1S5 - 396457 | Realtor.ca
8007 GREENDALE ROAD, LAKE COWICHAN, British Columbia V0R2G0 - 366794 | Realtor.ca
1117 CLOKE ROAD, LADYSMITH, British Columbia V9G1A3 - 395931 | Realtor.ca
All well within budget.
Aug 31st 2015, 5:34 pm
#49
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Posts: 0
Re: My scenario,honest opinion please.
Over 5000 properties in BC under $320k according to MLS.ca
Here is just 3 that I found in 1 minute on Vancouver Island:
#34-711 MALONE ROAD, LADYSMITH, British Columbia V9G1S5 - 396457 | Realtor.ca
8007 GREENDALE ROAD, LAKE COWICHAN, British Columbia V0R2G0 - 366794 | Realtor.ca
1117 CLOKE ROAD, LADYSMITH, British Columbia V9G1A3 - 395931 | Realtor.ca
All well within budget.
Here is just 3 that I found in 1 minute on Vancouver Island:
#34-711 MALONE ROAD, LADYSMITH, British Columbia V9G1S5 - 396457 | Realtor.ca
8007 GREENDALE ROAD, LAKE COWICHAN, British Columbia V0R2G0 - 366794 | Realtor.ca
1117 CLOKE ROAD, LADYSMITH, British Columbia V9G1A3 - 395931 | Realtor.ca
All well within budget.
I like # 2 although kind of a small town, but suppose if you didn't need a job it would be a good place to retire potentially.
Chilliwack would be a better option if someone needs to work, but the house may need to be a fixer upper.
http://www.realtor.ca/Residential/Si...olumbia-V2P1Z7
http://www.realtor.ca/Residential/Si...olumbia-V2P2J6
http://www.realtor.ca/Residential/Si...olumbia-V2P5S6
http://www.realtor.ca/Residential/Si...olumbia-V2P6V4
http://www.realtor.ca/Residential/Si...olumbia-V2P4T1
http://www.realtor.ca/Residential/Si...olumbia-V2P2Z6
http://www.realtor.ca/Residential/Si...olumbia-V2P7M8
Last edited by scrubbedexpat091; Aug 31st 2015 at 5:41 pm.
Aug 31st 2015, 5:41 pm
#50
Dive Bar Drunk
Joined: Nov 2006
Location: Toronto
Posts: 8,649
Re: My scenario,honest opinion please.
I'm guessing there will be a correlation between prices and job availability but I have no idea.
They don't sound picky on the job front.
Aug 31st 2015, 5:43 pm
#51
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Posts: 0
Re: My scenario,honest opinion please.
I added some for Chilliwack still under 320k, better if one has any desire or need to work, and more amenities as well.
Aug 31st 2015, 5:45 pm
#52
Beep
Joined: Jan 2009
Location: Here
Posts: 8,311
Re: My scenario,honest opinion please.
$100 for cable? Looking at the last bill we had before we dropped cable, the cable portion of the bill was only $46, granted we only had had basic + 1 $10 package and no HBO or premium stuff.
Internet is about 80/month for us but can be 120+ if you need faster connection/more data.
Must have cheap insurance in ON, car insurance alone for us is 120 something a month and that is with the max discount, 42% or whatever it is, maybe it's 40%.
Internet is about 80/month for us but can be 120+ if you need faster connection/more data.
Must have cheap insurance in ON, car insurance alone for us is 120 something a month and that is with the max discount, 42% or whatever it is, maybe it's 40%.
Aug 31st 2015, 5:57 pm
#53
Beep
Joined: Jan 2009
Location: Here
Posts: 8,311
Re: My scenario,honest opinion please.
Cranbrook, BC gets you a house in their range for much cheaper.
2601 4TH Street South , Cranbrook, British Columbia V1C5C5 - 2407481 | Realtor.ca
And while we're at it, JSmith, why don't you move there and by that house you want. Your monthly housing spend will be similar than what you pay for rent. You can get a decent 3 bed house with a garden for well under $200k. No excuses. "International" airport, close to the border, skiiing, good amenities, open space, long hot summers, not too harsh winters. More sunshine than most areas in BC.
2601 4TH Street South , Cranbrook, British Columbia V1C5C5 - 2407481 | Realtor.ca
And while we're at it, JSmith, why don't you move there and by that house you want. Your monthly housing spend will be similar than what you pay for rent. You can get a decent 3 bed house with a garden for well under $200k. No excuses. "International" airport, close to the border, skiiing, good amenities, open space, long hot summers, not too harsh winters. More sunshine than most areas in BC.
Aug 31st 2015, 6:10 pm
#54
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Posts: 0
Re: My scenario,honest opinion please.
Useful tool for paying bills, reading news, entertainment, communicating with family back in California, best tool for looking for jobs since many places that post ad's I have never head of and would never had found them otherwise.
Need something to pass time, and stay occupied, I'd go nuts if there was no internet and no tv, keeps me busy.
Cranbrook, BC gets you a house in their range for much cheaper.
2601 4TH Street South , Cranbrook, British Columbia V1C5C5 - 2407481 | Realtor.ca
And while we're at it, JSmith, why don't you move there and by that house you want. Your monthly housing spend will be similar than what you pay for rent. You can get a decent 3 bed house with a garden for well under $200k. No excuses. "International" airport, close to the border, skiiing, good amenities, open space, long hot summers, not too harsh winters. More sunshine than most areas in BC.
2601 4TH Street South , Cranbrook, British Columbia V1C5C5 - 2407481 | Realtor.ca
And while we're at it, JSmith, why don't you move there and by that house you want. Your monthly housing spend will be similar than what you pay for rent. You can get a decent 3 bed house with a garden for well under $200k. No excuses. "International" airport, close to the border, skiiing, good amenities, open space, long hot summers, not too harsh winters. More sunshine than most areas in BC.
We have a couple potentials on the Island as well.
I like the house, not sure a bank would ever give us a mortgage with 10% down though on one that high, on our current income, if income can go up, things would obviously change.
Last edited by scrubbedexpat091; Aug 31st 2015 at 6:13 pm.
Aug 31st 2015, 6:56 pm
#55
Beep
Joined: Jan 2009
Location: Here
Posts: 8,311
Re: My scenario,honest opinion please.
Wife needs it for work.
Useful tool for paying bills, reading news, entertainment, communicating with family back in California, best tool for looking for jobs since many places that post ad's I have never head of and would never had found them otherwise.
Need something to pass time, and stay occupied, I'd go nuts if there was no internet and no tv, keeps me busy.
Useful tool for paying bills, reading news, entertainment, communicating with family back in California, best tool for looking for jobs since many places that post ad's I have never head of and would never had found them otherwise.
Need something to pass time, and stay occupied, I'd go nuts if there was no internet and no tv, keeps me busy.
As for internet, i doubt you need the speed you have so why don't you drop down and save money? Just a thought anyway. 15mbs with telus is $60 per month. Stupid expensive but cheaper than you pay now.
Aug 31st 2015, 7:49 pm
#56
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Posts: 0
Re: My scenario,honest opinion please.
Speed of 15, data of 150gb.
Next level down and the cheapest is $53 data limit is 65, speed for that one is 5.
Looking at the average so far this year our monthly average is 88gb of data per month.
We tried last year to switch to Telus as they had a promotion which would have saved us a bit of money, but they wanted a 300 deposit, so we didn't switch.
Same on the island in some parts, few houses I've seen over there for 160-180k, just not sure what our limit would be mortgage wise on our current income if we could even get one (provided we had 10% down, and such.)
I haven't checked the interior further north yet, did find some further north in like Prince George, but I think that may be a bit too far and costs quite a a lot to fly from there as well, so it's not as ideal as being further south.
Last edited by scrubbedexpat091; Aug 31st 2015 at 7:52 pm.
Sep 1st 2015, 1:02 pm
#57
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Joined: May 2012
Location: Qc, Canada
Posts: 3,787
Re: My scenario,honest opinion please.
(I wasn't going to comment until I saw this)
You mention snow sports. Have you factored in costs for that? As well as other activities?
Public school /= "free" here: books, stationery, fixed fees for whatever (sometimes it's not even clear what for), mandatory (sometimes) contributions to various funds; very few sporting activities through school, so Tirytory's swimming club example *is* relevant...
I'm not saying it can't be done; I've posted here before about living/raising a family on a lot less than other BE posters would consider a viable income. However, I do think your expectations may be unrealistic. And that's only thinking about child/school related stuff...
Sep 1st 2015, 1:21 pm
#58
Still alive
Joined: Jan 2006
Posts: 28,994
Re: My scenario,honest opinion please.
Perhaps I missed something. My understanding is that the gist of the idea is to move to a shitty part of Ontario so the four of you can survive in poverty. I wouldn't do that.
Why not move to Hull instead? That saves on fares and the children will be eligible for whatever grants/loans are still available for university students in the UK. It also a shitty place to live. It's not as cold and damp as south-western Ontario but being brassic should make it feel the same.
Why not move to Hull instead? That saves on fares and the children will be eligible for whatever grants/loans are still available for university students in the UK. It also a shitty place to live. It's not as cold and damp as south-western Ontario but being brassic should make it feel the same.
Sep 1st 2015, 2:58 pm
#59
Oscar nominated
Joined: Jan 2008
Location: Moncton, NB, CANADA
Posts: 51,059
Re: My scenario,honest opinion please.
I'm from that area and couldn't agree more. If/when I ever move back to Canada it won't be to the Hamilton area (Stoney Creek is close enough to be part of Hamilton). I'd like to move to maybe Kingston/Brockville area but after over 9 years in Australia I'm afraid the winters would kill me.
When, a few weeks ago, I discovered just how much more snow we get here than so many other places, the former seemed to get quite a bit more of the stuff than Hamilton, maybe as much as 50% more.
Last edited by BristolUK; Sep 1st 2015 at 3:07 pm.
Sep 1st 2015, 3:06 pm
#60
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Re: My scenario,honest opinion please.
I'm from that area and couldn't agree more. If/when I ever move back to Canada it won't be to the Hamilton area (Stoney Creek is close enough to be part of Hamilton). I'd like to move to maybe Kingston/Brockville area but after over 9 years in Australia I'm afraid the winters would kill me.