As I said earlier, $250 per week for a family of 4. This is applicable to GTA. Minimum wage in province of Ontario is $15 per hour. That amounts to 16.67 hours of work for a weekly grocery bill in case of a family. Canadians don't find food affordability to be an issue. It is the housing affordability in urban areas like GTA that is a problem.
GTA/Ontario is fked. I don't think the cost of living there is sustainable in the long term, especially due to the housing crisis.
That is too pessimistic. Many high income workers now have the option of working remotely. This will help stem the soaring housing market in the long term. So long as the American economy keeps humming along, Canada and Ontario will be alright
Working remotely while not living in GTA? That defeats the purpose of this survey and shows how unsustainable actually living in GTA is.That is too pessimistic. Many high income workers now have the option of working remotely. This will help stem the soaring housing market in the long term. So long as the American economy keeps humming along, Canada and Ontario will be alright
its mean you will not have any savings . life is just work earn spend and sleep . WTH is benifit then man .
If you are single then you can divide rent by sharing accommodation. That brings your rent down significantly.
TBH i did not liked it
i am not against women jobs . but after kids a good family should be look like a man work . female control home . kids go school . and after all expenses family must save 30-40% of income to invest or future plans .
The days when 1 person could support an entire family with savings are over (for most).TBH i did not liked it
i cant damn live a single day where i work and spend and having no savings .
The bit about highly paid individuals working remotely is not meant for the survey. I've seen quite a few people with household income of $250k+ move out even if they can afford GTA comfortably. They don't move because they are squeezed out. It was just to make the point that housing affordability may improve in future for people making lesser wage.
when i figure out my kid having an hearing issue and it will be solved with major surgery i thought i must move to some western country . but as i know my qualifications and i know what i will do there i decide not to do so . i talked to many friends even some forum members about life in west i stopped it .economically GOD is blessed on me . i have free new car every 4 years with free unlimited fuel . having home allowance which i pay 75% rent and save 25% . having free laptop every four years. cell phone allowance every 2 years . mobile 6000 minutes free and 3gb internet . air tickets and hotels free .2 salaries bonus (since covid 1 salary bonus yearly) and then my income which i save almost 60% of it after living a good life . sooner i may save 100% as my new shops which i invested will start giving me rents . so i think west USA / CAN will not give me all this . i cancel my plan to move and have surgery of my kid in pakistan and we living same old happy life . i may send my kid for study in west then it will be his choice he want to work there or want to be back . what you say then ? and @Wood will canada give this ?
That's just wishful thinking.The bit about highly paid individuals working remotely is not meant for the survey. I've seen quite a few people with household income of $250k+ move out even if they can afford GTA comfortably. They don't move because they are squeezed out. It was just to make the point that housing affordability may improve in future for people making lesser wage.
Canada will not give you anything expect for free health care and survival benefits
