Sort of retirement plan
Mar 22nd 2018, 1:50 pm
#31
Slob
Joined: Sep 2009
Location: Ottineau
Posts: 6,342
Re: Sort of retirement plan
She wants to move up to the Quebec City area, where our son lives and where her brother lives. We could get a place in the country, perhaps a fixer-upper, but I do not want to live in the country. Option B is a downtown condo but that means downsizing and I'm not keen to get rid of all my stuff. I also like having a garden.
In an ideal world, I'd just transport where we live now a few hundred km. That is not going to happen.
So I'll just keep buying lottery tickets, in the hope that I can buy a house downtown with a garden, garage etc. That is probably also not going to happen. Such properties are very rare, and bloody expensive.
Mar 22nd 2018, 1:51 pm
#32
Yo
Joined: Nov 2012
Location: UK
Posts: 24,474
Re: Sort of retirement plan
Something to consider if you are coming to No Funswick in your old age 
is that the health care system here is very poor. I had to wait 5 weeks for a Doctors appointment just to get a referral to an orthopedic surgeon. Then six months to get a 10 min consultation. Then another six months to get an MRI. Over a year and I am in pain every day. Surgery waiting times here are 18 -24 months 
I read a study a while back that it ranks as the worst system in Canada by most measures. You are unlikely to be able to get a GP for the first few years here. The cost of nursing/care homes here is substantially higher than ON as the caps are much higher. Prescription drugs here are not free to over 65s which I believe they are in ON
Something to consider about property here. Its the opposite of Southern ON. In real terms here your property will likely lose value. Even over 20 years you would be lucky to break even. I would factor this into your decision. Perhaps Quinte region or peripheral cottage country would be a better bet financially?
is that the health care system here is very poor. I had to wait 5 weeks for a Doctors appointment just to get a referral to an orthopedic surgeon. Then six months to get a 10 min consultation. Then another six months to get an MRI. Over a year and I am in pain every day. Surgery waiting times here are 18 -24 months I read a study a while back that it ranks as the worst system in Canada by most measures. You are unlikely to be able to get a GP for the first few years here. The cost of nursing/care homes here is substantially higher than ON as the caps are much higher. Prescription drugs here are not free to over 65s which I believe they are in ONSomething to consider about property here. Its the opposite of Southern ON. In real terms here your property will likely lose value. Even over 20 years you would be lucky to break even. I would factor this into your decision. Perhaps Quinte region or peripheral cottage country would be a better bet financially?
Mar 22nd 2018, 3:26 pm
#33
Forum Regular
Joined: Nov 2005
Location: Fredericton, New Brunswick
Posts: 114
Re: Sort of retirement plan
Do bear in mind that in NB you'll pay extra (almost double) in property tax for all non-occupied properties. For my roughly 700 sq ft house that I rent out, I pay about $3200 in taxes.
Mar 22nd 2018, 4:04 pm
#34
Oscar nominated
Joined: Jan 2008
Location: Moncton, NB, CANADA
Posts: 50,755
Re: Sort of retirement plan
Something to consider if you are coming to No Funswick in your old age is that the health care system here is very poor. I had to wait 5 weeks for a Doctors appointment just to get a referral to an orthopedic surgeon. Then six months to get a 10 min consultation. Then another six months to get an MRI. Over a year and I am in pain every day. Surgery waiting times here are 18 -24 months I read a study a while back that it ranks as the worst system in Canada by most measures. You are unlikely to be able to get a GP for the first few years here. The cost of nursing/care homes here is substantially higher than ON as the caps are much higher. Prescription drugs here are not free to over 65s which I believe they are in ON
Something to consider about property here. Its the opposite of Southern ON. In real terms here your property will likely lose value. Even over 20 years you would be lucky to break even. I would factor this into your decision. Perhaps Quinte region or peripheral cottage country would be a better bet financially?
is that the health care system here is very poor. I had to wait 5 weeks for a Doctors appointment just to get a referral to an orthopedic surgeon. Then six months to get a 10 min consultation. Then another six months to get an MRI. Over a year and I am in pain every day. Surgery waiting times here are 18 -24 months I read a study a while back that it ranks as the worst system in Canada by most measures. You are unlikely to be able to get a GP for the first few years here. The cost of nursing/care homes here is substantially higher than ON as the caps are much higher. Prescription drugs here are not free to over 65s which I believe they are in ONSomething to consider about property here. Its the opposite of Southern ON. In real terms here your property will likely lose value. Even over 20 years you would be lucky to break even. I would factor this into your decision. Perhaps Quinte region or peripheral cottage country would be a better bet financially?
There was a year wait for a doc - seems to be fairly normal and that MoneySense annual study still shows Moncton as having one of the better doctor/residents ratio. Same as Vancouver, more than Toronto for example.
I phoned our doc for my stepdaughter yesterday afternoon and the only reason she's waiting until tomorrow is because she has the day off.
My wife's last MRI was about two weeks after the referral. No orthopaedic referrals but plenty of others that didn't take long.
Ontario is certainly better in many respects - better assistance for diabetics for example but I'm not sure you'll find many provinces with a drugplan as good as the NB one that came in a couple of years ago for regular folk. $16 a month and a fiver per prescription.
There is a drug plan for seniors but income geared and maybe not as good as Ontario which does seem to be an exception in Canada.
Mar 22nd 2018, 4:08 pm
#35
Oscar nominated
Joined: Jan 2008
Location: Moncton, NB, CANADA
Posts: 50,755
Re: Sort of retirement plan
Mar 22nd 2018, 4:36 pm
#36
Nuther day in paradise.ca
Thread Starter
Joined: Aug 2008
Location: Ajax, Ontario
Posts: 7,263
Re: Sort of retirement plan
Our Bubble is leaking air already !
I may look into Bats idea further, maybe a long term safer bet.
We was also looking at PEI holiday let’s. Anyone have experience in this area ?
Thanks for the lengthy message Bristol
Mar 22nd 2018, 4:48 pm
#37
Just Joined
Joined: Mar 2018
Posts: 25
Re: Sort of retirement plan
Go to northern Ontario for rental business, the place is booming with hunters and fishers from the state, property tax is nearly non existent and if you buy in unorganized you can build what you want how you want without any permits or requirements.
Mar 22nd 2018, 5:47 pm
#38
SUPER MODERATOR
Joined: Dec 2005
Posts: 88,015
Re: Sort of retirement plan
Mine and my wife's experience couldn't be more different.
There was a year wait for a doc - seems to be fairly normal and that MoneySense annual study still shows Moncton as having one of the better doctor/residents ratio. Same as Vancouver, more than Toronto for example.
I phoned our doc for my stepdaughter yesterday afternoon and the only reason she's waiting until tomorrow is because she has the day off.
My wife's last MRI was about two weeks after the referral. No orthopaedic referrals but plenty of others that didn't take long.
Ontario is certainly better in many respects - better assistance for diabetics for example but I'm not sure you'll find many provinces with a drugplan as good as the NB one that came in a couple of years ago for regular folk. $16 a month and a fiver per prescription.
There is a drug plan for seniors but income geared and maybe not as good as Ontario which does seem to be an exception in Canada.
There was a year wait for a doc - seems to be fairly normal and that MoneySense annual study still shows Moncton as having one of the better doctor/residents ratio. Same as Vancouver, more than Toronto for example.
I phoned our doc for my stepdaughter yesterday afternoon and the only reason she's waiting until tomorrow is because she has the day off.
My wife's last MRI was about two weeks after the referral. No orthopaedic referrals but plenty of others that didn't take long.
Ontario is certainly better in many respects - better assistance for diabetics for example but I'm not sure you'll find many provinces with a drugplan as good as the NB one that came in a couple of years ago for regular folk. $16 a month and a fiver per prescription.
There is a drug plan for seniors but income geared and maybe not as good as Ontario which does seem to be an exception in Canada.
No complaints from me so far about the health service I have received in Toronto. Can usually see a doctor immediately or the following day. X-rays and scan are same or next day...results within hours. Saw a specialist a week after referral. Pretty much the same service I get with US healthcare insurance.
Mar 22nd 2018, 5:57 pm
#39
Assimilated Pauper
Joined: Mar 2005
Location: Ontario
Posts: 40,018
Re: Sort of retirement plan
No complaints from me so far about the health service I have received in Toronto. Can usually see a doctor immediately or the following day. X-rays and scan are same or next day...results within hours. Saw a specialist a week after referral. Pretty much the same service I get with US healthcare insurance.
Mar 22nd 2018, 8:25 pm
#40
Banned
Joined: Apr 2009
Location: SW Ontario
Posts: 19,879
Re: Sort of retirement plan
https://www.point2homes.com/CA/Real-Estate-Maps/PE.html
Mar 22nd 2018, 8:31 pm
#41
limey party pooper
Joined: Jul 2012
Posts: 9,982
Re: Sort of retirement plan
Could you consider buying a cottage now? Do it up over the next 5 years while using it then pay off the mortgage when you sell your Ajax house and buy your retirement place too.
Mar 22nd 2018, 8:59 pm
#42
Nuther day in paradise.ca
Thread Starter
Joined: Aug 2008
Location: Ajax, Ontario
Posts: 7,263
Mar 22nd 2018, 9:24 pm
#44
Nuther day in paradise.ca
Thread Starter
Joined: Aug 2008
Location: Ajax, Ontario
Posts: 7,263
Mar 22nd 2018, 9:28 pm
#45
Dichotomus tinker
Joined: Aug 2013
Location: Ontario, Canada
Posts: 6,678
Re: Sort of retirement plan
OP don't do it just for monetary purposes
consider healthcare, safety & access
plan D
stay in Ajax
consider healthcare, safety & access
plan D
stay in Ajax
