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Moving to Downtown Toronto
07-30-2015, 12:46 PM
Hey guys, decided that now is as good time as ever to move out of the family house.
I've heard that spending a 1/3 of income on rent makes sense. Though I'm definetly going to end up spending closer to half. Trying to avoid this as much as possible by getting a roommate.
Any suggestions on how to find a good place here?
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Moving to Downtown Toronto
07-30-2015, 12:57 PM
What's your monthly income? Based off of that it will be easier to see what you can afford- with or without a roommate.
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Moving to Downtown Toronto
07-30-2015, 01:15 PM
Have you read the Toronto nightlife thread?
I'd strongly reconsider and move to Montreal
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Moving to Downtown Toronto
07-30-2015, 01:16 PM
With that income you're going to be living hand to mouth if you try and get your own pad.
Get a room mate. As for location, have you scoped Craigslist?
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Moving to Downtown Toronto
07-30-2015, 01:43 PM
Roommate for sure.
Also, I've got to work with what I have. Not moving cities until I graduate
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Moving to Downtown Toronto
07-30-2015, 02:18 PM
Snowhugger, is getting a studio apartment an option for you?
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Moving to Downtown Toronto
07-30-2015, 02:33 PM
Quote: (07-30-2015 01:14 PM)SnowHugger Wrote:
Quote: (07-30-2015 12:57 PM)CH-Toronto Wrote:
What's your monthly income? Based off of that it will be easier to see what you can afford- with or without a roommate.
2300
Are you really committed to downtown or would scoping out transit/subway/go train lines work and then picking a neighbourhood to rent in that is close to a convenient line with a good schedule?
I mean taking the train from York Mills is like 10 min to Union station.
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Moving to Downtown Toronto
07-30-2015, 11:05 PM
Check Viewit.ca for places
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Moving to Downtown Toronto
07-31-2015, 11:42 AM
Dude,,, you don't have to live downtown.... You could get a spot close to a subway line spot for $800 per month etc. after 2 am, a short cab ride if you have a one night stand ready.
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Moving to Downtown Toronto
07-31-2015, 11:57 AM
$2,300 living downtown is not going to be easy. Snowhugger from skimming your past posts it seems you are an engineer but are intending work an for an airline. I can't imagine as an Engineer you can't make more scratch elsewhere.
It's a livable amount, but no savings and limited extracurricular fun. I mean just going to a jays game you'll spend a whole day's net pay cheque or more.
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Moving to Downtown Toronto
07-31-2015, 01:47 PM
You can't have really have a decent lifestyle making $2300/month.
I live in a 1 bedroom condo in the clubbing district and my rent is $1650 and that's considered a STEAL.
You could probably find a place with a roommate for $1000-$1200/month but IMO for that kinda of money it isn't worth it if you don't even get your own place.
My advice: live outside of downtown but on the subway line. Commutes/convienance will be a breeze but your rent won't be as steep.
Or what my friend does is he shares a house at Duffering and St. Clair with 2 other roomates and pays $600/month. Personally if I was only making $2300, I would choose the $600/month option.
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Moving to Downtown Toronto
07-31-2015, 09:53 PM
Is 2300 before or after tax?
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Moving to Downtown Toronto
08-01-2015, 09:26 AM
Why would you say your monthly earnings pre-tax? I tend to say my earnings post-tax, post-pension, post-save as you earn share scheme - that is the money i actually see deposited in my account and available to spend
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Moving to Downtown Toronto
08-02-2015, 04:46 PM
That's after tax. If my roommate bails, I'll end up saving the cash. Don't know what to do with it though.
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Moving to Downtown Toronto
08-02-2015, 10:33 PM
Halton isnt that bad. Tons of hot white girls in the summer.
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Moving to Downtown Toronto
08-02-2015, 11:06 PM
You can find something decent for 600-800 close to downtown for sure, if you're willing to live with roommates.
If you can find some cool roommates, its well worth it to have downtown logistics.
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Moving to Downtown Toronto
08-03-2015, 12:40 AM
I hate to say this but the last few times I've been downtown for court, I've seen lots of highly attractive girls...way better than the suburbs where I work.
Fuck you money is a lot and regardless of career takes a long time to save. At minimum barring exceptional returns 10+ years and that's pretty optimistic for most. Minimum amount of savings guys should be saving is $1,000 a month in my opinion if you ever want to reach fuck you money. More realistically though $3,000+ / month will be required to reach that point by a young age. (35-40)
Saving $600 / month by living with roommates is huge in the long run when you are so young as long as you don't spend those savings on other stuff.