Ahh makes sense then. Sometimes relatives just aren't an option, plus we didn't wanna go the nanny route nor a home daycare which is usually a bit cheaper. Stay in the prairies, this province will be bankrupt soon. Wynnter is coming.popcorneater wrote: ↑Holy cow at $2600/month, I think I would have to re-evaluate whether one of us would stay home, or have my kids looked after by relatives or family members. That's pretty much the take home pay of an average white/blue collared worker such as myself (~$45k/year). I guess living in the prairies has it's advantages. $200k mortgage and cheap daycare!
mortgage status check
- Last Updated:
- Jan 27th, 2015 9:57 am
Tags:
- SCORE
- delsouls
- Member
- Apr 1, 2010
- 289 posts
- 89 upvotes
- Toronto
- frugalman [OP]
- Deal Addict
- Feb 19, 2006
- 1518 posts
- 8 upvotes
This is in Toronto. I paid $3k a month for daycare alone. I didn't want to trap parents to watch the kids. They need to have their own free time.popcorneater wrote: ↑Where abouts in Canada are you? I was complaining about the cost for our 2 kids (4 years and 2 years old) and a friend from Toronto told me her one child costs more than both of ours combined.
- coolwasabi
- Deal Addict
- Jul 10, 2004
- 2256 posts
- 6076 upvotes
- Vancouver
Cost of my condo =~ $600,000.000
Original mortgage amount (2011) = $345,000.00
Current balance = $81,684.41
I'm 31 and married. I pay $3000 per month and have contributed several large lump sum payments.
Would be great if we could pay this off in 2 or 3 years... just in time to get another mortgage so that we can buy a $1.5M shack in Vancouver (doh!)
Original mortgage amount (2011) = $345,000.00
Current balance = $81,684.41
I'm 31 and married. I pay $3000 per month and have contributed several large lump sum payments.
Would be great if we could pay this off in 2 or 3 years... just in time to get another mortgage so that we can buy a $1.5M shack in Vancouver (doh!)
- divx
- Deal Expert
- Oct 26, 2003
- 39338 posts
- 6341 upvotes
- Winnipeg
- downd
- Deal Addict
- Feb 2, 2011
- 1617 posts
- 270 upvotes
- Ottawa
Sounds like people in Toronto need to open daycares. You can have 5 kids (2 under 2) for a licensed location. At a reasonable $1500 per, that's $7500 per month or $90k per year!
- seanwg
- Newbie
- Oct 16, 2007
- 25 posts
- YYC
39... almost the big 40!
Finally after renting since, I was 21 or so, last March bought a $770k house, $520k mtg in Calgary.
No other debt... divorced.. about $200K invested in broad retirement savings.
Going to really start pounding it down come April.... those scumbags at TD really need to drop prime.
I wish now, buying some condos in Inglewood in Calgary before I worked out of the country.... my mother was willing to co-sign on 2 loft condos, which were around $90K if I remember back in 1997.. they are now $400K each....
Finally after renting since, I was 21 or so, last March bought a $770k house, $520k mtg in Calgary.
No other debt... divorced.. about $200K invested in broad retirement savings.
Going to really start pounding it down come April.... those scumbags at TD really need to drop prime.
I wish now, buying some condos in Inglewood in Calgary before I worked out of the country.... my mother was willing to co-sign on 2 loft condos, which were around $90K if I remember back in 1997.. they are now $400K each....
- Mars2012
- Moderator
- May 28, 2012
- 12484 posts
- 5278 upvotes
- Saskatoon
Count your blessings...maybe you would have had to split your profits with your ex.seanwg wrote: ↑39... almost the big 40!
Finally after renting since, I was 21 or so, last March bought a $770k house, $520k mtg in Calgary.
No other debt... divorced.. about $200K invested in broad retirement savings.
Going to really start pounding it down come April.... those scumbags at TD really need to drop prime.
I wish now, buying some condos in Inglewood in Calgary before I worked out of the country.... my mother was willing to co-sign on 2 loft condos, which were around $90K if I remember back in 1997.. they are now $400K each....