I've read the various posts with interest, and thought I'd put some questions of my own here.
I currently have roughly $106,400 set aside as a down payment.
My annual salary is $70,000
I would like to buy a 2 bedroom condo downtown, with a nice view, ideally in a building like the 25 Esplanade (Front & Yonge).
Question is, how much do you think I can get a mortgage with this sort of salary and down payment, and would it be enough to afford buying a 2 bedroom condo downtown ?. Do I need to stump up more as a down payment ?. Finally, because I'm new to all this, what taxes/fees would I need to factor in when buying a new place ?
Thanks in advance for any information you may have.