It sounds improbable, until you review the following stories from this Canadian vacation I am currently wrapping up: Case Study One: North America’s Fourth Largest Miscalculation The City of Toronto is famous as one of the world’s most happening and expensive places to live.
With over six million people in the highly car-oriented metro area, it sprawls on forever and people commute in from an insane zoo of connected cities comprising 31,000 square kilometres, or roughly .
Instead I got the start of a bizarre set of justifications: “But people want a back yard. When you live in a high-end district, ignoring the fact that luxury apartment buildings typically have amazing landscaped common areas, you have literally a multi-billion dollar back yard.
The Toronto lakeshore is an endless expanse of beaches, bike paths, fountains, gardens, play structures, volleyball courts, patio restaurants, and of course one of the largest expanses of sparkling blue freshwater in the world.
So I’m assuming an apartment like this would list for upwards of ten grand a month. 00 per month step onto a subway for your morning commute and move down to a less luxurious apartment building, you can find central-Toronto 2/2 apartments for 00.
Share one of those with a roommate, and you can work a minimum wage job (.00/hr) in this city, pay for rent and food, and still save almost 50% of your income, retiring from your job working at Starbucks by age 37.
No buses or subways for me, and let’s assume I’m not even willing to ride my bike, because hey, it can occasionally get snowy in Toronto and nobody can possibly ride a bike in winter.In Ottawa you have a stunning riverfront, forests and parks and bike paths that lead everywhere, and rapid transit that would eliminate any need to ever own a car. ,000 per month, plus the 0 it costs to feed and treat and house and transport and occasionally kennel the a dog, compounds to roughly 8,200 every decade if you invest the money instead. Are you really rich enough to spend a million dollars, and clean up warm squishing chunks of excrement daily with only your bare hand and a plastic bag, just so you can have this extra bit of companionship during your sparse time outside of work? And we haven’t even mentioned one of the biggest joys of renting: unlimited mobility.Would you really waste an extra ,000 per month just so your kids could play on your personal fenced-in postage stamp overlooked by vinyl-clad suburban houses in every direction while you are out stuck in traffic? On a whim you can jump to a new place anywhere in the world.Never be subject to the pain of fighting with buyers in a hot real estate market, or begging for sellers in an icy-cold one. If you live in an area where houses cost more than 0,000, take a close look at the rent prices around the areas you currently drive.Budget your driving costs at put a high value on your spare time to get ahead in life.Rush hour extends roughly from AM to 11PM, so I don’t even attempt a crossing except in the 4-hour window outside of that range*. There are great jobs in Toronto – some of the highest paying in the country. The city is clean and quite beautiful along the lakeshore and the many ravines and rivers.