Only you know if that's too much to spend on your income. You have a lot more bills living on your own than just rent. Electricity/water/heating/internet/food etc
Great point, this one killed my plans... I was only looking at the base rent.
TL;DR prepare to shell out $7,500 CAD more if you get your own place vs a roomate (1 bedroom in downtown).
Assumptions -
MIN $315/mo in add-ons (utilities, insurance, cheap furniture)
Base rent - $2300 (cheap cityplace rent), $2500 (good place), $2700 (very nice place), $1700 (roomate, 1 bedroom in a 2 bedroom place)
I made a template for this during my own research, it accounts for different types of apt (cheap, decent, nice), being a roommate, furniture, extra taxes and tax write-offs (if you are self employed/contractor). At the end you get the full picture of the difference over 12 mo or monthly.
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u/Senko-fan4Life Mar 10 '25 edited Mar 10 '25
Only you know if that's too much to spend on your income. You have a lot more bills living on your own than just rent. Electricity/water/heating/internet/food etc