Despite his high income, Jordan doesn’t own a car and shares the rent for a three-bedroom townhouse with his girlfriend
A U.S. native, Jordan has lived in Canada for 21 years. A Canadian permanent resident, he originally moved to Alberta but now calls Scarborough home. The 37-year-old works as a tax accounting director at a big bank in Toronto, earning $185,000 a year.
Jordan marvels at the high cost of groceries and housing in Canada. “I don’t understand how Canadians make it,” he says. He says he has no plans to buy a place in what he describes as an overheated real estate market. He also has a $186,000 mortgage on a condo he bought in 2022. His monthly payments there are $1,581 toward the mortgage and $237 in condo fees. Both properties are rented, bringing in $580 in monthly income after the mortgages, insurance and maintenance fees are paid.
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