This Toronto Couple Just Bought Their First Condo After Cutting Back On Takeout And Getting $150,000 From Both Their Parents

Lifestyle - Dreams really can be a reality when you properly budget and come from institutional wealth!

With a sky-high condo market, Toronto residents Sam and Tyler thought homeownership was never in their cards. But with just a few lifestyle changes, and their families co-signing the mortgage and providing a 40% down payment, the couple’s pipe dream turned into a reality!

“We’ve never been happier. We thought this would never happen,” Sam, the proud co-owner of a new two-bedroom condo, tells us, “But after cutting back on Ubers, only going out once a week, and buying generic brands we were able to save almost $2000, plus the six-figure checks both our parents provided.”

“I don’t know why everyone doesn’t just own. It’s really not that hard and you’re just throwing your money away on rent with no return,” says Tyler, “Plus our mortgage payments are way cheaper then rent was. With all this money we’re saving maybe we can even buy a cottage if dad helps out.”

But the couple soon learned home ownership wasn’t all sunshine.

“Moving from our bachelor apartment we used to share into a two-bedroom we no have all this extra space we need to put furniture in. And furniture is really expensive,” explains Sam, “Thankfully, my grandma gave us a $35,000 house warming gift that we used to buy furniture!”

The couple days they are concerned about property taxes and condo fees, but for these two things always work out no matter what!