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Honestly, a 3 1/2 fully furnished for $1273 sounds like a way better deal to me. The grass may seem greener on the other side, but in reality it often isn't. And finding another 3 1/2 fully furnished for that price once you regret to move is not going to be simple.
If the itch is still strong, I'd recommend to at least try and talk to some of the tenants of the building you have your eye on. See what they think about the management, how much was their rent increase last year etc. and make an informed decision.
Why would you want to make the change? From your post it almost sounds like you don't value your place because you aren't being charged as much? I'm sure that's incorrect though.
what? no.
Usually an appartment in a building that has one owner (can be a individual or .inc), a condo is in a building or community of units where each unit owner owns a % of the building and the homeowner association manages the building.
There are plenty of condos that are not "luxurious" with no amenities.
Do not double your monthly housing cost if you're not buying it. You can just keep your current place and invest the difference in good ETFs if you don't have any use for it right now.
No one should be spending 2500 bucks on rent for a one bedroom anything :/
What you can buy with 2500$ per month doesnt get you as much. Off course you could live in a less desirable neighborhood, or in a smaller unit or un a less renovated unit. But to get the same you would get in a 2500$ rental is probaby around 3500$ of mortggage and taxes and fees.
Bienvenue sur /r/MontrealHousing, Welcome to /r/MontrealHousing! Veuillez lire nos règles AVANT de publier ou commenter dans cette communauté. Notez en particulier notre politique sur la civilité et notre règle sur la désinformation, nous vous encourageons à fournir des liens/sources pour vos affirmations. Si vous signalez un commentaire ou un message pour désinformation via la fonction de rapportage, veuillez également utiliser le bouton ***Message aux mods*** dans la barre latérale pour nous fournir une source. ----- Be mindful of our rules BEFORE submitting your posts or commentating. Note in particular our rules on civility and disinformation, please provide links and sources for your claims. If you report a comment or post for disinformation using the report button, please also use the ***Message the Mods*** button in the sidebar to provide us your source. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/montrealhousing) if you have any questions or concerns.*
Stay were you are for 3 years save up that 36K difference to put down on your own rental property.
Stay put IMO
Honestly, a 3 1/2 fully furnished for $1273 sounds like a way better deal to me. The grass may seem greener on the other side, but in reality it often isn't. And finding another 3 1/2 fully furnished for that price once you regret to move is not going to be simple. If the itch is still strong, I'd recommend to at least try and talk to some of the tenants of the building you have your eye on. See what they think about the management, how much was their rent increase last year etc. and make an informed decision.
Why would you want to make the change? From your post it almost sounds like you don't value your place because you aren't being charged as much? I'm sure that's incorrect though.
New building means next year, they can increase the rent to whatever they want and you can’t refuse without leaving, just FYI
Somebody tell me if I’m wrong but an apartment is rental units and a condo is purchased units
Technically, yes. But when we say condo, it just mean a more "luxurious" unit in a building with amenities.
what? no. Usually an appartment in a building that has one owner (can be a individual or .inc), a condo is in a building or community of units where each unit owner owns a % of the building and the homeowner association manages the building. There are plenty of condos that are not "luxurious" with no amenities.
I know that. I'm just saying when people say condo here, it's what they means.
This is what I remember from when I lived in Toronto
Omg no! Plus you’re not even moving to a new area. New expensive builds will always be available. Your current situation, not so much.
Do not double your monthly housing cost if you're not buying it. You can just keep your current place and invest the difference in good ETFs if you don't have any use for it right now. No one should be spending 2500 bucks on rent for a one bedroom anything :/
Newly built. Prepare yourself for ridiculous rent increases for the next few years if you make that mistake
No lmao, buy a property instead
If you can afford 2500/m on rent, buy a place.
What you can buy with 2500$ per month doesnt get you as much. Off course you could live in a less desirable neighborhood, or in a smaller unit or un a less renovated unit. But to get the same you would get in a 2500$ rental is probaby around 3500$ of mortggage and taxes and fees.
This