At this point, the average million dollar home in the far suburbs of Toronto costs about 4K a month (mortgages, utility bills, etc.). A condo in a better locati

At this point, the average million dollar home in the far suburbs of Toronto costs about 4K a month (mortgages, utility bills, etc.). A condo in a better location costs 1500 a month. We're just starting out our family (which is why we need a house, but we can also not depend on my wife's income). A 10K salary results in 6k after taxes. While we could put everything into the house, I am very very afraid to do so. When I've asked how others do it, I get crazy answers from parents helped get the downpayment down big time to unregistered rental suites. Craziest story I've heard is people buying a house and living in the basement. It all makes my head spin.