“We weren’t ready to move to the suburbs yet”: This couple paid $1 million for a Riverdale condo
I saw this and decided to read it. Am I reading it correctly? They are both 27 y.o., they graduated in 2018. Lived together and were paying $3,000/mth in rent. They said they saved $35,000 due to COVID savings.
By my calcs a $1mil mortgage will run you $4000/mth in mortgage payments. Added to that they have utilities,property taxes etc. Do they have any safety net in case one of both lose their jobs?
Guess perhaps they got some money from parents?
https://torontolife.com/city/we-werent- ... ale-condo/
Failure is always an option...just not the preferred one!