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Wow, CDN$2k for a nice 1-bedroom shoebox? That's great! Take a look at San Francisco's equivalents, where you'll pay USD$3k or more for rough equivalence; that'
by bdamm 8y ago
Wow, CDN$2k for a nice 1-bedroom shoebox? That's great! Take a look at San Francisco's equivalents, where you'll pay USD$3k or more for rough equivalence; that's about 2x the price. Things get more extreme when you start talking about home ownership.
Toronto COL might feel expensive now but it can definitely get a lot more expensive.
- rescripting 8y agoYou need to also take in to account average income when looking at COL, which is significantly higher in SF than in TO. If you're spending 2x the price in SF, but making 3x then you come out way ahead.
- illirik 8y agoAssuming you don't spend every red cent you earn, you're better off even if you're spending double and earning double.
- JPKab 8y agoThe weather in Toronto is god awful compared to San Francisco. Honestly, it's bad compared to almost any US city. I get why Vancouver is so expensive, but never understood Toronto's prices.
- apercu 8y agoJust curious, what cities are you referring to? I've spent time in NY, Chicago, Minneapolis, Milwaukee/Madison, Des Moines, St Louis, Dallas, Houston, Kansas City, Auston, San Antonio and many more. Toronto's weather is pretty similar to more than half that list. No, it's not California, but neither is 97% of the US.
- kluqle 8y ago> I've spent time in NY, Chicago, Minneapolis, Milwaukee/Madison, Des Moines, St Louis, Dallas, Houston, Kansas City, Auston, San Antonio and many more. Toronto's weather is pretty similar to more than half that list. Which half? Did you include the rest as an exercise? Lol.
- baybal2 8y agoRich from all over the world come to Canada to live or spend money, not to say, local *median" (emphasis, not average) income is quite high.
- vkou 8y agoExcept in SF, your take-home is ~4-6k/mo higher. I don't care how much rent costs, what I care about is the delta between income and expenses.