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@caljreich People said "it can't go up like that" 10 years ago (and 20 years ago) as well... So I wouldn't bet against it. Yes, S&P\NASDAQ beats the returns, but not if you deduct your rent out of the equation (and add the interest). Also, no one will lend you 800K on your 200K to invest in the...

@eternityondemand But there aren't a lot of times when stocks go up and housing doesn't, especially in the GTA. Will they go up enough to cover the appreciation plus the rent expense minus the interest savings? Maybe. But I wouldn't bet on that. On the other hand, OP is making sooooo much...

@michael0830 An SUV for 8K-10K will probably need 5K worth of work in the first year you'll own it. Better just keep saving and get a reliable one for 15K

@joerob40 This is true only if you retire at the same province you are currently paying taxes at. For example let's say I make $65,000 in Quebec right now for the next 15 years, then retire in Ontario. It will be more beneficial for me to max out RRSP because the provincial tax difference is...

@luv2ski77 Oh... That's an amazing vehicle! Just remember that if you drive a lot of highway mileage, it's not going to be as fuel efficient as you think. But reliability-wise, it's a beast! The hybrid battery should last at least 180K, and refurbishing it (to get you at least another 100K)...

@mpierce Don't try and time the market. And if you do, "buy high" is the worst way of doing it. If you need the money in the next 5-6 years, don't. If you can leave it there for the long term, do.

@heatherssister Up to 30K will get you lots of good used ones. After reliability (which will be #1), what's the most important thing for you? Fuel efficiency, Looks, Performance, comfort, features (tech). Put these 5 attributes on a list here from most important to least important, and I'll make...

@ocorthodox I would not recommend any Nissan. They're cheap for a reason. Their CVT (transmission) is pretty trashy. The survivers from that era are lucky, but luck runs out eventually. Stick with the list I gave you, and ALWAYS take it to a dealership (not the one you're buying it from), for a...

@ocorthodox No worries. Cars are my passion (and used to be my profession as well). For 8-10K, if you drive over 15Kkm\year, I'd go with an older Toyota Prius. But in case of hybrid, mileage trumps year (battery degradation). If your drive less than that, a Corolla or a civic (2015 and older...

@ocorthodox Crossover (small SUV) that will be reliable. Look at Mazda CX-30, Mazda CX-3, Toyota RAV4, Toyota Venza, Honda HRV, Subaru Crosstrek, Mitsubishi RVR. Look at anything 120Kkm and under. In Canada, newer is more important than lower mileage (rust takes time, not distance)... So if a...

@ocorthodox Car, truck, or SUV?

@dirtydeeds Exactly. And your rebuttal can be: "We spent all these years next to your family, now it's time to spend time close to my family". Plus, everyone's family should be happy for members of that family pursuing happiness... Wherever it may take then.

@dirtydeeds I'd do what you wouldn't. Cash in on the house and retire in a LCOL area when the kid is done with school. I mean, Vancouver IS nice, but not an extra $2M nice. If someone's would tell me they either pay for accommodating for me to live in Vancouver for the rest of my life, or give...