|735 ft / 224 m||65 storeys||!|
|Status: Complete||Completion: 2018|
Id say this building will be finished more likely sometime in 2016....you definitely will have to be making well over 100 grand a year if you want this and have a half decent lifestyle here in Toronto....Cheersanyone know any word on this condo?
I am looking at buying. Currently finishing up my masters degree. Starting work at a big four accounting firm at the end of the year. Parents will pay for 20% down for the condo. I will need to cover the mortgage payments once they begin in 2017.
Let's say I get a unit for $700,000, how much would I have to take in/year pre tax by move in (2017) to be able to afford the unit?
Would a $80k pre tax salary be enough?
You have a masters and work at a big four accounting firm, and yet ask an internet forum how much of a mortgage you can afford? Seriously?
Thanks for all your help everyone. Let me explain my assumptions and estimations so that you can better help me.deranged, I think you will find that most lenders today will not approve a loan amount for much more than 5x's your gross annual income (household income), and that is if you have excellent credit...for sure you should get pre-approved before you make any offers..