Cost of Living What Torontonians make and how they spend it

What Torontonians make and how they spend it

“i saved $100,000 in two years to put a down payment on a house”

REGULAR EXPENSES

Rent $700 a month. “I share the apartment with two guys. My room is the master.” Dining out $ 300 a month. “My go-to restaurant is Lahore Tikka House at Gerrard and Greenwood.” gym $60 a month, for a YMCA membership. TRANSIT $146.25 a month, for a Metropass. GROCERIES $200 a month. “I try to go to FRESHCO because it’s cheaper. If I’m lazy or rushed, I go to Loblaws, but it’s expensive.” UBER $100 a month. “I take Uber home if I’m at a house party and it goes late.” netflix $11 a month. “Right now I’m watching Homeland. I’m into crime shows like Breaking Bad and Prison Break.” TRAVEL $2,000 a year. “I moved here from India in 2015 and go back once a year.” savings $4,700 a month. “Between June 2015 and April 2017, I saved $100,000 for a down payment on a house.”

RECENT SPLURGES

Deposit $60,000 on a $790,000, threebedroom, pre-construction townhouse near Clarkson GO station in Mississauga. He’ll make a larger down payment when it closes in October 2018. “I like being downtown, but townhouses in the core are small, have high fees and cost way more.” gifts $300, to take his mom and dad on a shopping spree in India. iphone x $1,300. “I’m pretty excited about facial recognition and wireless charging.” clothes $250, from Abercrombie and Fitch. getaway $ 400, for a long weekend in Niagara Falls with his roommates. “I lost $150 playing blackjack.”