4 ms·
Sure, you can always pay more once you are out of school and can afford something nicer. I used to share a 3 bed apt with two guys near union station, paid $400
by lhorie 8y ago
Sure, you can always pay more once you are out of school and can afford something nicer. I used to share a 3 bed apt with two guys near union station, paid $400. Then moved to bachelor at christie, paid $750. Eventually got a detached in a nice neighbourhood w/ a 2k/mo mortgage. Housing was affordable every step of the way.
The point is that it's feasible for a 3rd world person to save up, move to Toronto, and still have a private living space while working towards home ownership, whereas SF struggles pretty hard with homelessness of even full-fledged american citizens.
- Scoundreller 8y ago3 bed apt near Union Station for $1200/month? Maybe 10+ years ago. Even over the past 2 years, rent prices have increased aggressively. Nowadays, you're lucky to spend just north of $2000/month for a 2 bedroom.
- lhorie 8y ago> 3 bed apt near Union Station for $1200/month? Maybe 10+ years ago. It was 10+ years ago, sure, but also I had the smallest room (actually a den) so I paid the least. The total rent was 1500 IIRC for what was technically a 2bed+den. I just googled and rent for the same type of apt in that building is going for around $2000 as you said. So if I were to have the same rent splitting arrangement today, I'd probably be paying around $600, maybe $700 for a better room. Which, remember, is around the same as the 3-bunk-bed-room deal-of-the-century in SF. Also consider my salary back then was CAD 37k. Nowadays a person w/ 1-2 yrs angular experience can land a CAD 100k job fairly easily. My wife sees new grads getting 75k at CGI fresh out of school. The real estate bubble popped too, so it's definitely a buyers market now for those who were eyeing home ownership.