Eh A lot of this is exaggerated in terms of costs. As someone also from the UK and lived in London and recently moved to Toronto your "Worry-Free" budget is quite inflated and the methodology for it is quite flawed. But I shouldn't be expecting much from a youtube video anyway so that's on me. This is another content video that is riding the trending topics of Toronto bad, which of cause has a lot of truth but this is just a video speaking to the choir. As in another chance for ppl in Toronto to moan and complain online and do absolutely nothing about it but continue to feel hopeless then they wonder why literally nothing changes because they dont act on anything but cry online about it.
Love this video I live just outside of Toronto but within the GTA but man you made a good point I pay $400/m for car insurance and $300/m for gas. The struggle is real.
I live in Toronto in a high rise. My actual living expenses for the last 12 mo was $19k. My estimated expense is $23k. Admittedly, rent control made a huge difference.
Very informative video, most of the stuff is pretty close. Rent outside of the GTA(greater Toronto area) is alot less. I'm an hour away I am renting a new 2 bedroom basement for 2000 per month. Restaurants are more expensive for a family of 3 it's gonna cost between $70-100 plus tips. Gym cost for a good gym starts at $60 per month. Cell phone bills are between 40-100 depending on the plan and carrier. Groceries can run you between $60-$200 per trip. Some of the stuff of numbeo are close, but with inflation they have went up quite a bit. Homelessness and crime are rampant lately, these are all due to the cost of living mostly. Great video, I dropped you a like
Living the best life you can Until you HAVE TO retire because of Age or Health. Then you are Fcked, 40+ years of saving a few % of your income won't cover 1 year of expenses if you don't have a job. OWNING a place to live is really the only way anyone will retire in Canada, Renting your whole life, is not living your best life it is postponing the inevitability of living on the streets after retiring because paying rent on CPP basically meaning you have no food and no money for anything else.
The City of Toronto actually includes all the “municipalities” that were mentioned in the video. The municipalities outside of the city of toronto such as York or Halton stretches even further out. What was focused in the video is called Old Toronto, a subset of the city of toronto. Also, public transportation such as TTC buses are widely used outside of Old Toronto and services every single major arterial or
This doesn't seem realistic you're not taking into account the long waiting times Canadians are waiting for medical treatment or the benefits british people get in comparison there are plenty of properties to rent for £400-600 a month... I'm seeing hardly any properties below $1500 a month in Toronto that's £866.64 for conversion rate: so for expat this is garbage unless you're saying the benefits system covers all that in rent which I doubt. Good luck affording groceries let alone basic human living by that logic. You have to use up the $1518 for single individuals as quoted on the Government for canada website. A single person could be awarded £943.45 a month monthly in London and that's not even on disability, all I needed was to look up a postcode and use a benefits calculator and I was done. It seems pretty ridiculous that a person on benefits could be getting this much no wonder we have such ridiculous immigration numbers. I'm surprised that's all you guys get can a Canadian confirm this figure? This means unless you have a job, you can't afford rent. I also hear you guys get taxed like hell so to say it's a 3.2 affordability is a joke - if you were comparing benefits you'd rank london much higher. I think you need to clarify why it's 3.2, you probably haven't lived in the UK to understand that.
I left in 2018 - was making 150k CAD and wasn't enough to envision raising a family.
Great video, can tell a lot of effort was put in. I've lived in Toronto for 8 years, but still learned a lot watching this. Thanks!
Glad you enjoyed it!
What's the point of living in Toronto, you basically live to work - spending all of your money on taxes and expenses, yikes
Eh A lot of this is exaggerated in terms of costs. As someone also from the UK and lived in London and recently moved to Toronto your "Worry-Free" budget is quite inflated and the methodology for it is quite flawed. But I shouldn't be expecting much from a youtube video anyway so that's on me.
This is another content video that is riding the trending topics of Toronto bad, which of cause has a lot of truth but this is just a video speaking to the choir. As in another chance for ppl in Toronto to moan and complain online and do absolutely nothing about it but continue to feel hopeless then they wonder why literally nothing changes because they dont act on anything but cry online about it.
Love this video I live just outside of Toronto but within the GTA but man you made a good point I pay $400/m for car insurance and $300/m for gas.
The struggle is real.
I live in Toronto in a high rise. My actual living expenses for the last 12 mo was $19k. My estimated expense is $23k. Admittedly, rent control made a huge difference.
Very informative video, most of the stuff is pretty close. Rent outside of the GTA(greater Toronto area) is alot less. I'm an hour away I am renting a new 2 bedroom basement for 2000 per month. Restaurants are more expensive for a family of 3 it's gonna cost between $70-100 plus tips. Gym cost for a good gym starts at $60 per month. Cell phone bills are between 40-100 depending on the plan and carrier. Groceries can run you between $60-$200 per trip. Some of the stuff of numbeo are close, but with inflation they have went up quite a bit. Homelessness and crime are rampant lately, these are all due to the cost of living mostly.
Great video, I dropped you a like
The prices are in CAD mate?
@@abstract529yeah it's in Canadian dollars
minimum wage, do not live in the heart of the city.. but great video!
Love the content!
I've subscribed to see more quality content from you in the future
Awesome, thank you!
Living the best life you can Until you HAVE TO retire because of Age or Health. Then you are Fcked, 40+ years of saving a few % of your income won't cover 1 year of expenses if you don't have a job. OWNING a place to live is really the only way anyone will retire in Canada, Renting your whole life, is not living your best life it is postponing the inevitability of living on the streets after retiring because paying rent on CPP basically meaning you have no food and no money for anything else.
The City of Toronto actually includes all the “municipalities” that were mentioned in the video. The municipalities outside of the city of toronto such as York or Halton stretches even further out. What was focused in the video is called Old Toronto, a subset of the city of toronto.
Also, public transportation such as TTC buses are widely used outside of Old Toronto and services every single major arterial or
This doesn't seem realistic you're not taking into account the long waiting times Canadians are waiting for medical treatment or the benefits british people get in comparison there are plenty of properties to rent for £400-600 a month... I'm seeing hardly any properties below $1500 a month in Toronto that's £866.64 for conversion rate: so for expat this is garbage unless you're saying the benefits system covers all that in rent which I doubt. Good luck affording groceries let alone basic human living by that logic. You have to use up the $1518 for single individuals as quoted on the Government for canada website.
A single person could be awarded £943.45 a month monthly in London and that's not even on disability, all I needed was to look up a postcode and use a benefits calculator and I was done. It seems pretty ridiculous that a person on benefits could be getting this much no wonder we have such ridiculous immigration numbers. I'm surprised that's all you guys get can a Canadian confirm this figure? This means unless you have a job, you can't afford rent. I also hear you guys get taxed like hell so to say it's a 3.2 affordability is a joke - if you were comparing benefits you'd rank london much higher. I think you need to clarify why it's 3.2, you probably haven't lived in the UK to understand that.
I think you may have missed employment insurance and Canada Pension Plan contributions, which are mandatory.
How much extra for clothing and vacation?
That would be included in the savings budget
good content!
Glad you enjoyed it!
Another STUPID RIDICULOUS title. 100,000 people is NOT EVERYONE. Please sharpen your use of words!
Mans fuming over clickbait title 😡😤