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Young people paying 'astronomically living expenses': insolvency trustee
(www.bnnbloomberg.ca)
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this post was submitted on 28 Mar 2024
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What the hell are you doing at this house that you need $1000 in maintenance every month.
You can't buy a house in the GTA for 700K. You're buying a 2 or 3-bedroom condo for that much today. Check the maintenance fees for such units in the GTA. I don't think you'd see much under $600 for a 2-bed and often without hydro/water/heat in it.
good thing I'm not living in Grand Theft Auto I guess
it is not that you pay that per month( unless you have strata building fees) but you have a roof replacement, or furnace change then you have a huge expense spread over you maintenamce saveing account. I once had Vaccum ,cleaner washer and dryer die in one week. But when I rented that is somebody elses problem. It was good renting 10 years ago maybe, but those days are done