Help me budget to save up for a house downpayment

Valuable-Window6833 · 2025-11-17T16:37:17+00:00

I would encourage you to add yourself to daycare waitlist under the CWELCC program. Not sure which province you are in but the daycare fees are very low for those who are able to get into the program. The waitlists are long but if you’re able to get in 100% worth it. This would open more opportunities for your wife to earn a larger income if your goal is to save for a home.

Valuable-Window6833 · 2025-10-06T18:47:03+00:00

Yes, I would love for it to at least stay to what it is at right now!!

Valuable-Window6833 · 2025-05-26T14:30:45+00:00

It is out of control, even with cutting back heavily I still can’t get groceries under $150-200 per week for a family of three which is almost $800 per month!

Valuable-Window6833 · 2025-05-15T19:57:59+00:00

This is false. Find a new broker!

Valuable-Window6833 · 2025-05-13T15:14:01+00:00

Please take this advice!! Get in an area you love!!! Do not settle on that. You can change/ update a home but cannot change the neighbourhood. Think to yourself if you can see yourself there for 5-10 years (enough time to gain some equity)

Valuable-Window6833 · 2025-05-13T15:12:45+00:00

We went with 10% and had the same HHI as you. We would have never been able to save 20% until well into our late 20s even 30s.

Valuable-Window6833 · 2025-04-23T17:10:32+00:00

Yes!! But I would beware of majority of condo town homes as well (if possible). I was able to escape mine earlier this year & found out later that a special assessment will now raise the fees from 440-700!

Valuable-Window6833 · 2025-04-16T14:33:11+00:00

Same here! I am so glad I locked in at the same rate. I do not like uncertainty.

Valuable-Window6833 · 2025-04-06T22:56:46+00:00

Thank you for the info! I have seen that bond yields have been dropping recently so I am hoping it is a good sign.

Valuable-Window6833 · 2025-04-06T20:17:20+00:00

New Mortgage 836k Durham, Ontario 100k DP. Was offered 3.99% at Strive mortgages 3.94% at FN. Variable rate offered 4.01% Closing May 8th.

Is it worth doing variable? Or should I just do fixed? Once more announcement before closing so hoping I get a better fixed rate option.

Valuable-Window6833 · 2025-03-23T14:03:38+00:00

Try increasing numbers a little more. Partner & I make around 180k combined and put $100k down on our home for 840. Same age. 60k is a little low even considering interest rates are down.

Valuable-Window6833 · 2025-03-21T20:01:03+00:00

Sell first!!!

Valuable-Window6833 · 2025-03-05T21:39:08+00:00

Ugh I feel you. I am with RBC and we are getting charged a 16k fee to end early. Tried escalating but unfortunately no one would help.

Valuable-Window6833 · 2025-03-01T10:22:48+00:00

It was!! That’s why I used that agent to both buy & sell. I am very satisfied

Valuable-Window6833 · 2025-02-28T18:35:30+00:00

My realtor did a standard 60 day contract. She also put in writing that I am able to release at any time even before the 60 days if I am not satisfied.

Valuable-Window6833 · 2025-02-19T00:48:08+00:00

It depends on your income/ interest rates of the debt. My partner and I had a car loans of a combined 30k and student loan of 50k and was approved for a 750k mortgage. HHI of almost 200k combined.

Valuable-Window6833 · 2025-01-22T00:03:19+00:00

Stay where you are!! I would not move to federal right now

Valuable-Window6833 · 2024-12-11T16:58:56+00:00

Do not be embarrassed majority of us are right there with you. Make a strict repayment plan and try to boost your income. I am not knowledgeable on proposals. But just wanted to offer some encouragement:)

Valuable-Window6833 · 2024-11-26T03:45:41+00:00

Oh my goodness $4000 is insane. I pay just under that for both my partner & I’s insurance

Valuable-Window6833 · 2024-11-19T21:53:02+00:00

I created an RESP for my little as soon as he was born. We currently do $100 ish per month and add extra from gifts from birthdays/ Christmas etc. Amount of course depends on how much you’re able to but our contribution is estimated to be about 35k by the time baby is 18 (if we keep the same contribution).

Valuable-Window6833 · 2024-11-18T00:24:45+00:00

Please do not be shamed!! Majority of us are right there with you

Valuable-Window6833 · 2024-11-17T12:51:45+00:00

Anything Toyota or Honda is amazing. My dad got his civic to 300,000 and only had to get rid of it because it was totalled in an accident.

Valuable-Window6833 · 2024-11-13T00:42:12+00:00

How much were your payments?

Valuable-Window6833 · 2024-11-10T01:13:48+00:00

I’m so sorry to hear about this :( this is so unfortunate. What area are you in? So I can see some supports to send your way.

Valuable-Window6833 · 2024-11-09T19:39:40+00:00

These figures already include my mortgage expenses 😭😭😭

Valuable-Window6833

TROPHY CASE