Goodbye Toronto, hello Winnipeg: Are Canada’s young giving up big city dreams?

Re:Goodbye Toronto, hello Winnipeg: Are Canada’s young givin... by rchaud on Tuesday October 09, 2018 @04:44PM (#18179669)

You can get an OK-quality condo for $400k, but it's definitely not going to be located in downtown or midtown. The condo fees I've seen however are unfortunately pretty high across the board, anywhere from from $500 to $900/month.

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Re:Goodbye Toronto, hello Winnipeg: Are Canada’s young givin... by ABCLAW on Wednesday October 10, 2018 @01:14PM (#18186916)

The condo fees explode in most new developments between year 2 and 5, often tripling in the city.

Additionally, the baseline fee burden is amplified by the practice of developers counting guest suites as sold by pre-selling the suite to the condo corporation, who then place the financing costs of the guest suites onto the unit owners.

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Re:Goodbye Toronto, hello Winnipeg: Are Canada’s young givin... by rchaud on Wednesday October 10, 2018 @03:50PM (#18188269)

I did not know about this. I'm pretty inexperienced in this area, so I appreciate the heads up about that.

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Re:Goodbye Toronto, hello Winnipeg: Are Canada’s young givin... by user3359 on Tuesday October 09, 2018 @08:46PM (#18181057)

Usually $0.60-$0.70/sqft. Some terribly built and managed buildings are higher. If you're at 600 square feet I wouldnt expect to pay more than $450/month.

This is however much less than the repairs and maintenance on a house. Replacing a roof? Furnace? Lawn work? Have fun.

Plus having concierge to receive packages for you is fantastic.

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