Her ‘terrible, expensive’ Toronto apartment GlobeInvestor
Sorry, I mean the Toronto rental market. It’s home to what could be the most unsolvable problem in personal finance today for millennials: how do you find an affordable place to rent while you get started in the working world and build your career?
The young woman told her story in Toronto Life magazine and it’s a must read for millennials who live in cities with expensive real estate and their parents. She ended up finding a one-bedroom apartment for $1,340, which wasn’t actually affordable because of her student loan payments and starting salary. She ended up taking on a roommate for an apartment where “the only way in was up a steep, makeshift staircase made of wood planks and chain-link fencing.
I’m starting to hear parents of young millennials in Toronto wonder how their kids will ever afford to move out. The options are limited – pay high rent that doesn’t leave much room for saving, or live like a student and take on roommates. I’d like to hear from millennials in Toronto, Vancouver and other expensive place to live.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
West Van apartment sells in under a weekThe big sell: West Vancouver’s aptly named Panorama Village complex features three levels of homes that have panoramic views from Mount Baker in the east to Vancouver Island in the west.
Read more »
Up to 25 people forced from their homes due to fire at Parkdale apartment buildingA fire at a three-story apartment building in Parkdale has forced 20 to 25 people from their homes, Toronto Fire says.
Read more »
Adam Sidlow a near-constant in the trenches for the Toronto WolfpackAdam Sidlow a near-constant in the trenches for the Toronto Wolfpack Globe_Sports
Read more »
Loaded handgun found in child's crib: Toronto policeToronto’s deputy police chief says a loaded handgun was found in a child’s crib during the execution of a search warrant at a home this week.
Read more »
Create new land transfer tax bracket on home sales over $3-million, Toronto councillors proposeAna Bailao, Brad Bradford and Joe Cressy announced Friday that they will be seeking a staff report into the feasibility of modifying the land transfer tax so that homes selling for more than $3-million are subject to a 3-per-cent levy. The top bracket is now 2.5 per cent on sales over $2-million.
Read more »
N.Z. shooting: Toronto Jewish community to form 'ring of peace' around area mosquesMembers of Toronto’s Jewish community are planning to gather at several mosques around the city on Friday for a “ring of peace,” as mourners grieve following the deadly shooting in New Zealand.
Read more »
Developer appeals ruling in Toronto condo presale contract disputeJustice Katherine Swinton found that Hi-Rise Group failed to act in good faith when it declared Sanda Ania and her husband, Timothy Sullivan, had not met the financing requirements in a agreement to purchase a $444,900 condo
Read more »