Re: You have $400k in cash, buy House with it or rent & invest
I live in one of those executive suite places so all the units are rented. I'm using a comparable building a block over to estimate the $600k.
The place I'm looking to move to in the spring is $3300/month vs buy an identical condo just on the opposite side of the building for $790k with condo fees of $850.
I think you might be under valuing the unit you live in. I find $900/month condo fees high for a $350k unit. I was considering moving to Toronto and the rental to cost of property ratio was comparable to Ottawa. If you check mls you'll often find rental units and units for sale in the same building so you can compare.
Toronto has some great properties under construction. If it wasn't because of the GF I'd move there in a second. As it is I spend so much time in Toronto hotels that I should really sit down one day and do the math.
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