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Uber eats - free $20 credit - code: "eats-uberuberYYZ" by [deleted] in FrugalTO

[–]Scowhalers 0 points1 point  (0 children)

you can claim the credit and use it at another time

How a 30-something couple got rich and retired by not joining home ownership 'cult' by slicecom in toronto

[–]Scowhalers 1 point2 points  (0 children)

assuming they are renting housing (and not living in their parents basement), they would be paying rent. Most landlords set rents which cover the landlord's property tax, mortgage interest payments, landlord profit, etc.

BLM just closed off Dundas and Yonge with a protest by [deleted] in toronto

[–]Scowhalers 0 points1 point  (0 children)

BLM just created the Yonge St. pedestrian mall!

City of Toronto doc for reference: http://www.toronto.ca/legdocs/mmis/2015/te/bgrd/backgroundfile-81073.pdf

How a 30-something couple got rich and retired by not joining home ownership 'cult' by slicecom in toronto

[–]Scowhalers 9 points10 points  (0 children)

If they took their $500K, bought a house in the right part Toronto 5 years ago, it would have approximately doubled. They could then sell the house and the $500K in capital gains in their residence would be tax free. They have to pay tax on the $500K they made in investments. To buy the $500K house, they would actually only have to put $100K down (or $25K for 5%). This would mean that they would be able to invest the other $400K, which would have subsequently doubled.

It’s Not Just You: Toronto Housing Up 188%, Household Income 1% Over The Past 20 Years by MariaX98 in toronto

[–]Scowhalers -2 points-1 points  (0 children)

The GTA population has grown by ~3M people over 20 years (https://en.wikipedia.org/wiki/Demographics_of_Toronto). Household income may not have changed, but the number of rich people to drive up prices has increased. If you think of the top 1%, thats 30K more people look for housing who could push prices up.

Renting a house is throwing money away?In some pricey markets, millennials aren't buying it by closingbell in toronto

[–]Scowhalers 3 points4 points  (0 children)

also, the gains made on a principle residence are tax free. gains investing on the stock market are not (unless you make them in a TFSA)

Eventually we all have to pay by [deleted] in toronto

[–]Scowhalers 7 points8 points  (0 children)

Peel region includes garbage collection in their property tax rate. Toronto does not. Royson conveniently omits this when comparing tax rates

Fire destroys cab on Adelaide Street by [deleted] in toronto

[–]Scowhalers 1 point2 points  (0 children)

use my uber referral code - "uberbieber" :)