u/hockeyfan1990

Is it just me or are condo fees even worse now than before? I haven’t been looking at real estate for 4-5 years now and been stacking cash and investing in the stock markets. But with the lower prices in condo’s now, I was like let’s see what’s out there and was looking at multiple condos across the GTA the last 2 weeks.

Point is I’m noticing condo fees even on smaller units now getting over $600 a month for a 600 sq ft condo. I’m rarely seeing any condo fees less than $600 now other than a few condo towns or very newly built, which I assume they are pricing it low to attract buyers for now.

Every time I find an interesting condo with a reasonable listing price, immediately I go to the maintenance fee and just close it immediately after seeing this. Wondering if others feel the same way?

Short interest is now at 18%. It’s got the potential to squeeze. Net positive income and no debt, its not a bad company, with fair value sitting around $29-$30

36M, getting married later this year

House = 1.5 mill
Mortgage = 230k left

Live in the basement, rent the upstairs for 3k a month which covers mortgage.

Work corporate (hate it) and make 5k a month there. I got laid off from my 110k job last year and took me a good 8 months to get another job even with 10+ years of experience in the industry.

Have 100k in HELOC

Been thinking of selling by 40-45 and moving to a lower cost of area, or fully moving out of Canada to a lower cost of country. Potentially semi retiring. Partner is on board with it.

Does it make sense to have so much equity in the house? I just find that money can go a lot further use if I was able to invest it properly in other avenues. I don’t see much higher value in RE in Canada that what it is now. I don’t see the house doubling again and being 3-4 million in a couple years to be worth having equity tied like this.

Whats your suggestion? I’m open to other ideas of investment if you have any. I’m just seeing what’s the best and practical way I can leverage my situation. I’m doing what I think is best right now but not sure for the next 10 years

I will start off by saying I’m quite fortunate of my financial situation. Main reason is because of inheritance (Parents passed away 6 years ago)

I’ve been thinking about it a lot the last couple of months and wanted to get opinions of others.

I’m 36m, planning to get married to my girlfriend of one year this Oct (She lived back home, planning to come here). Here’s my financial situation:

- House in midtown worth about 1.5 million

- Mortgage left: 235k

- I live in the basement, and rent the upstairs which gets me 3k a month which covers my mortgage, property tax expenses and some more.

- Work full time making 95k a year. Just started this job in Jan. I was with my old company making 105k for 3 years and got laid off last May. So was unemployed for about 8 months. My job is tech related (work in GRC).

- Costs are roughly 3-3.5k a month. Income is roughly 8k a month. The rest I usually save but lately been travelling a bit so money has been going there

- Have about 220k in savings across TFSA/RRSP, invested in S&P.

Been thinking of selling everything and fully moving to a lower cost of living country, somewhere in Asia (Like Malaysia or Thailand) in the next 5 years. Girlfriend is also open to it. Would this make sense in my situation. I just feel like having all this equity in the house doesn’t make sense, on top of the cost of living here doesn’t make sense to live. I feel like the money I have can go so much further in Asia. Can buy a condo, keep the rest in a high interest account or dividend fund and get a monthly payout to support our lifestyle. Me and my girlfriend would do side work for income and to keep us busy.

Thoughts?