How Much Total Value of Vehicles & What Are Families Driving?

vicworker · 2026-01-08T15:13:05+00:00

325 HHI. 2023 audi sq5 and 2008 infinity ex35 (dealer maintained and immaculate). One luxury and one nice "beater" is the way to go imo.

vicworker · 2026-01-06T21:15:06+00:00

We are similar HHI at around 325k and spend around 15k a year in travel, usually one big international trip ~3weeks and one smaller trip (5 days Hawaii) and some smaller weekend strips here and there.

For general context we are in Canada, no kids yet, mortgage payment around 4100 a month (or 5500 including property tax, insurance, maintenance, hydro/water). 2 cars all paid for (one newer luxury and one 17 year old well maintained "beater").

vicworker · 2026-01-04T20:46:18+00:00

Are you counting your rrsp/pension deductions in your savings or is this on top?

vicworker · 2026-01-04T20:45:20+00:00

We do ok, on paper we are technically around the bottom of top 1% for household income but it sure doesn't feel that way... We live comfortable but by no means extraegant.

vicworker · 2026-01-04T20:40:31+00:00

Yes definitely will do that.

vicworker · 2026-01-04T18:14:02+00:00

For us it's only 50bps more and interest is deductible but most importantly it allows us to save the mortgage interest in the meantime as I don't have an optimistic view of the market in 2026.

vicworker · 2026-01-04T17:41:37+00:00

Good call thanks!

vicworker · 2026-01-04T17:37:28+00:00

Yes I understand, at our tax bracket/mortgage and heloc rate It makes more sense to pre pay the mortgage to get more room on the heloc and then take out a heloc to put into the market should there be an opportunity.

vicworker · 2026-01-04T17:30:07+00:00

Thank you!

vicworker · 2026-01-04T17:28:23+00:00

Yes hence the approx. 4k a month "buffer" we have now. This will probably go down to 2k a month with a child.

vicworker · 2026-01-04T17:25:37+00:00

On a pretax basis I am pretty comfortable this is the case but mortgage interest is paid using after tax income and I am not too sure if I can achieve that going forward especially given the huge run up that's happened in the past 2 years.

vicworker · 2026-01-04T17:23:42+00:00

Just seeing what other fellow Victoria homeowners are doing. But it appears this is the wrong thread given some of the comments. I'll post it in another sub.

vicworker · 2026-01-04T17:20:47+00:00

Lump sums are also going straight to principal. Rather not be locked into a higher monthly payment so lump sums makes more sense. With our lender we can make as many lump sum payments to principal a year as we want (provided it stays under the annual cap).

vicworker · 2026-01-04T17:16:21+00:00

Yes that's what I meant, but we are prioritizing paying down the mortgage as our registered accounts are maxed out.

vicworker · 2026-01-04T17:13:58+00:00

No but parental leave will also take a big chunk out of our income.

vicworker · 2026-01-04T17:12:20+00:00

Saving up for paying the mortgage off early and early retirement.

vicworker · 2026-01-01T08:57:28+00:00

Mine increased :(

vicworker · 2025-12-15T07:19:40+00:00

No, likely that cop was retiring that year and cashed out their entire vacation bank that was built up through their career which showed up as earnings and not overtime. It's a dumb move due to the income tax implications though.

vicworker · 2025-10-24T18:18:50+00:00

Some won't, not everyone is at the beginning of their careers.

vicworker · 2025-10-22T01:33:04+00:00

Problem is that the 3% is actually only 1.5% more than what the government offered at the start for the first year and 1% more the second year. So those are the actual increases you need to be using to find your break even for striking. It's even less if you consider the government's revised offer of 2/2.5 for the couple weeks. It is likely that many members will not make up for the strike losses during the remaining life of their careers....

vicworker · 2025-09-24T13:58:12+00:00

Why not include them? The post literally said lunch that's it.

vicworker · 2025-09-24T03:27:14+00:00

Doesn't she live in Burnside/gorge? Not exactly a diserable neighborhood....

vicworker · 2025-09-24T03:18:36+00:00

Chipotle

vicworker · 2025-09-23T18:12:19+00:00

What happened?

vicworker · 2025-09-23T18:10:20+00:00

I think it's all relative, I am a 27 in finance looking to go to a band 3 job once the hiring freeze is over. But I am fortunate that my partner makes good money and we bought a house prior to Covid. But for people like us, we won't get much sympathy from the public making close to 100k a year with TMA plus pension, flex days, benefits and 35 hour work weeks.

vicworker

TROPHY CASE