Working on a big change - moving

cbsboyer

cbsboyer

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Well, I'm getting tired of treading water where I'm at in Ontario. I've had raises every year (sometimes more than one), but every time I start to get ahead, taxes and the cost of everything just swallow it up plus some more. I might have a solution, 'tho.

Moving.

In the relatively near future, it looks very promising for me to sell the house and move out west to Regina. Right at the moment, I can get a move-in ready house similar to mine out there for literally a quarter of asking for similar properties here in Hamilton. I figure line something up, sell the house, take a small mortgage on something reasonable out there, and keep a small "Holy S**t" cash reserve on hand. As for work, the company I am currently with has a location about a half hour out of the city, so same commute I have now as long as I can get a transfer out there. Failing that (or if I finally get sick enough of them to leave), I can literally take anything and still come out ahead with no debts to service aside from my mortgage, so long as it still has some sort of retirement plan and benefits.

For the few of us left on this board, anyone in the general area that might have advice?
 
No clue, I think Higgy said JetBlack is out in that direction. I hope things work out, housing prices are crazy up there from a couple that fled FL has told me.
 
It doesn't make sense to me who can afford a place here. The prices are well above what the median household income can afford.
 
I've had this thought myself. Doesn't help that I know people out in the prairies that love to talk about how cheap housing is. The part that kills it for me, and this is far less of an issue for you, is having to deal with real winter :D
 
Update: I've listed my house, but it's relatively slow going. It's also been a learning experience - apparently if you have a house in Regina with a basement either you've had to have major foundation repairs or you will in the not-too-distant future. It seems that building houses in clay and sand doesn't work out so great. There's lots that come up in the price range for us to move without a mortgage, but it's tough to get it looked at and respond fast enough from thousands of km away. The trick is finding one with enough space and priced according to the condition of the basement walls.
 
Update: There isn't one, really. Basically we listed right when the market was on the edge of a cliff here. Within two weeks of listing something like another 20 nearby properties went up and pretty much nothing in the area is selling unless you are willing to come down a *lot* - there's just too much inventory right now. So now the options are wait and see what the spring brings or chase the market to the bottom. So, we wait.
 
So many ontarionians have moved out here its jacked the market up stupid. And almost no building is going on... Builders are often the renters so go figure. At these prices might be worth it to move the building if it isnt too far...
 
pax said:
So many ontarionians have moved out here its jacked the market up stupid. And almost no building is going on... Builders are often the renters so go figure. At these prices might be worth it to move the building if it isnt too far...
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Well, the current house is nearing a hundred years old and is double brick, so aside from the cost of trying to roll that from the GTA to the middle of Saskatchewan, I doubt it would make it without major damage. It's frustrating because if we were ready to list in March instead of July we'd probably be out there right now.
 
Buddies' parents house sold after 2 weeks of listing for asking price here in northern NB recently. Hard to imagine yours wont sell soon. Course T.O. prices are a bit insane...
 
Shouldn't have said GTA - I meant "Golden Horseshoe"...also shouldn't have parallel conversations I guess. I guess multitasking starts getting a little flakey after 50 :lol:

So, yeah, figured selling here would be the easy bit, but with so many houses suddenly on the market and the interest rates primed to drop nobody wants to blink first. Once the listing hits 90 days, we're pulling it until spring. Housing in the entire area, including well outside Toronto is bonkers right now.
 
Ya you can feel the rates are about to plummet... I have to renew my mortgage by Nov 5th and its already better than a few months ago. 4.7% for a short 3 years at the broker right now but my current bank may beat that when I go in on Friday.
 
Well, the deed is mostly done. It took a year longer than expected, but I guess that's how it goes. The current place is sold, a new place out west has been acquired, and now it's a case of getting all of the moving parts to align.

Well, that and trying to keep the Mrs. from spending double the reno and appliance budget. I just need a voice recording: "That's a lovely idea, now what do we cut to we get the cost down?"
 
congrats, at least your not in Trumpberta with our lunatic fringe of government. Although Sask supposedly seems kind of...out there as well (conservative government, maybe not as cuckoo as Oilberta)
 
I heard Sask has huge windfarm though Boots seems to have neverending complaints about healthcare in the province.
 
Sasquach said:
congrats, at least your not in Trumpberta with our lunatic fringe of government. Although Sask supposedly seems kind of...out there as well (conservative government, maybe not as cuckoo as Oilberta)
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My understanding is that the Saskatchewan government is a pragmatic version of conservative as opposed to "Anti-Liberal" conservative. Guess I'll find out soon enough.
 
cbsboyer said:
Well, I'm getting tired of treading water where I'm at in Ontario. I've had raises every year (sometimes more than one), but every time I start to get ahead, taxes and the cost of everything just swallow it up plus some more. I might have a solution, 'tho.

Moving.

In the relatively near future, it looks very promising for me to sell the house and move out west to Regina. Right at the moment, I can get a move-in ready house similar to mine out there for literally a quarter of asking for similar properties here in Hamilton. I figure line something up, sell the house, take a small mortgage on something reasonable out there, and keep a small "Holy S**t" cash reserve on hand. As for work, the company I am currently with has a location about a half hour out of the city, so same commute I have now as long as I can get a transfer out there. Failing that (or if I finally get sick enough of them to leave), I can literally take anything and still come out ahead with no debts to service aside from my mortgage, so long as it still has some sort of retirement plan and benefits.

I’ve been in a similar spot, stuck between wanting to stay and knowing a fresh start might actually mean living with less pressure. When I was juggling work, budgeting, and even trying to study on the side, I leaned on a site called nursing assignment writer helped free up a ton of time and mental space. Sometimes a shift, whether it’s geographic or just how you manage your load, really makes all the difference. Regina sounds like a smart move, honestly.

For the few of us left on this board, anyone in the general area that might have advice?
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Yeah, totally get where you’re coming from. It feels like no matter how much progress you make, the rising costs just eat it all up.
 
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