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The home I now inherited was purchased in '99; Etobicoke, 1,500 feet detached, no garage, 3 bedroom, 2 bath for 250k. The one behind mine just sold in 2 days for $1.4 with about 100k in renos done. I remember my dad telling me a few years ago they were going for $800+, couldn't believe it then and don't believe it now.
My first house was on the north side of Derry Rd just east of 25. Bought it in 79 for $66k, sold it in 85 i think for $122k.
50 years ago I thought about buying some land just north of Milton at IIRC $1,000 an acre, 20 acres, negotiable price, 5% interest rate.
There's a reason why it's so cheap in Nova Scotia.
You have a conservative portfolio that kicks out five percent every year without touching the principal? It's certainly possible but I wouldn't rely on that. On most conservative portfolios, a 5% draw will be a slow slide down. Also, not everyone wants to live in NS or AB. In our case, we want to stay near parents as they are old and want them to have as much time with the grandkids (and us) as possible. 60K a year wouldn't work if we need to fly back a few times a year to visit them. Also, our house is 21 years from being paid off. I've calculated the number I want invested before I retire and sadly it is nowhere near 1.2.
Vanguard's retirement income fund (VRIF) is designed to pay income without touching the principal. It pays abotu 4% but that doesn't change the gist of my point. As for the grandparents, bring them over too. Why would elderly retired people want to stay in the GTA.
4% is more reasonable but, that just cut your income to 48K though. At a certain point, the number isn't big enough to live the way you want. If I am in Alberta, I want to go skiing/snowmobiling, etc and I don't think 48 would cut it for me. If you just want to live in the woods, you can get that in northern ontario for cheap and then it is a car ride home to see friends instead of a flight. Obviously the math works given enough money to invest but for most people, most of the time, I don't think that number is 1.2 (especially if you are <65 when you pull the trigger).
House on the ocean that makes you happy probably wouldn't be the theoretical 300K either so even less invested. Also, you'd be tempted to get at least one ocean capable vessel and that could easily put you underwater on the move.
One could say the same for Elliot Lake Ontario. Cheap housing and good fishing.
A lot of the guys I worked with in construction in both Ontario, and BC came in from the East Coast. No jobs out there, so they have no choice but to travel.
I have never seen one in the wild. Looks like they have been around for 12/13 years, maybe a vanity project by someone with big dollars.... Some very interesting looking watches with custom/weird/cool movements. Others with what look like Swatch Group/ETA etc. movements jazzed up (which many mid level brands use....)--just listed as Swiss movement on their site.Saw this watch advertised on the Dakar website. Rebellion timepieces. Not knowing anything about watches, are these any good?
I should hope they are... for $36K CDN each.
President of the company entered the Dakar. Had to retire early due to... well, this:
Guess he's gotta sell more watches to prep for next year's Dakar...
I strongly dislike of the look of them. Imo they are a hot mess and barely legible so they failed watch test number one. If they have something interesting inside, maybe they are horologically interesting but I will never pay that much for something I don't like the look of.
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