Condo vs Tiny house.
Alright I sort of always assumed I was just permanently priced out of the housing market until some guy at my work told me he just got a house by himself while making the same as me. I get paid hourly and take home roughly 4300$ a month. I'm single and sort of tired of living in my 910$ / month basement bachelor apartment. I've been here for about 6 years now and starting to think of the future. I was looking online at a bunch of Condos, mainly the cheaper ones. In my area there are a few 1 bedroom Condos for around 250k. I got preapproved on the TD website when I asked about a condo that cost that much. But the condo fees are kind of scaring me off here. I looked at the monthly cost of like a small 350k, 3 bedroom house with a full backyard and it was only like a 200$ a month difference between the two. I'd honestly rather just buy the house but also not sure if I'd get approved for that big of a mortgage even though the monthly cost is fairly similar for myself. I definitely don't want to stretch myself too thin to the point where I'm pinching pennies. I have roughly 50k in savings but 10k of that is physical metals and another 19k is in a TFSA that I don't really want to touch.