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Today: 17.01.2018 - 21:38:20
   Canada Mortgage Hub Discussion Board -> Mortgage Vancouver -> With $70.000 canadian dollars can i buy three bedroom apartment in Toronto,Alberta or Vancouver?
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poli_b

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With $70.000 canadian dollars can i buy three bedroom apartment in Toronto,Alberta or Vancouver?
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Post # 1.

psmdelin

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no way. good luck
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Post # 2.

ortopedica

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you wont get a block of land with a garden shed on it for 70.000, add 300.000 and you might
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Post # 3.

nonferetrum

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Sorry, that is nowhere near enough.
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petrushko

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You asked the same question yesterday. The answers yesterday were no. Do you think that things have changed in 24 hours?
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Post # 5.

p_amelia

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Absolutely no way no how.
Post # 6.

paramitas

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$70.000 could be your down payment but you couldn't buy anything that cheap.FYI Ontario and Alberta are provinces and Toronto and Vancouver are cities. Toronto and Vancouver are two of the most expensive cities in the country.
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Post # 7.

oksana1

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Not a chance.In an outlying suburb, that MIGHT get you a one bedroom, bachelor type condo, but then you would have to pay condo fees. I live about an hour outside Toronto and one bedroom condos here run anywhere from $65,000 (for run down, bad neighbourhoods) to over $300,000 depending on the building and size.You could RENT an apartment but you've picked 3 very expensive parts of the country.
Post # 8.

nicole000

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Oh no that is a big nono. I live in Toronto City all my life and there is one thing I noticed It Is Not CHEAP! The prices go up every year if You want to buy a 3 bedroom condo especially in the city you have to have at least $300,000 that $70,000 that you have you can use as a down payment but you will be paying a very high mortgage every month including the taxes.
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Post # 9.

nikeguy999

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This is the third time you ask this question, although each time it has been phrased a bit differently. This time you are asking about apartments. So here is the answer on that. Apartments are generally rented, not purchased. What you are looking for is a condominium, not an apartment. APARTMENTS===========An apartment in Canada is rented, usually by the month with a one year (12-month) lease. The price of the lease per month is negotiated with the landlord. Apartments in cities of Toronto or Vancouver, or in the province of Alberta are available at VARIOUS prices. Edmonton and Calgary (the two big cities in Alberta) probably would not have much of anything affordable or nice for you. Both have housing shortages, and so you pay a lot for even a little apartment.Vancouver you may find something now that the Olympics are over, but the prices of apartments there are all still inflated somewhat.Toronto you may find something. What you are looking for may be listed as a 5 1/2 apartment, meaning it has 3 bedrooms, one bathroom, kitchen, and living room. Unfurnished 3 bedroom apartments in Toronto area I found listed in the Toronto Star classifieds are all around $1500 per month. That means that you would pay CAD$18,000 per year to rent it, and the rental price is re-evaluated each year upon renewal of your lease._http://www.thestar.com/classifieds/searc… &q=CONDOMINIUMS=============A condominium is basically an apartment that you buy instead of rent, but that you then have to pay annual condo fees to help pay for maintenance of the building. It is unlikely that you will find a 3 bedroom condo that only costs $70,000 in Vancouver, Toronto, or anywhere in Alberta. Condos are generally well over $150,000 in these areas.There was only one condo I found out of 112 across the entire country that was listed as in Toronto. _http://www.realtor.ca/propertyDetails.as…There were quite a few listed as being available in Port Hardy area. That is on the most northern tip of Vancouver Island, in ase you are interested. It's an eight hour drive to Vancouver, with at least part of the trip over a ferry.
Post # 10.

retro_king

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$70 000 will not buy a apartment anywhere within two hours drive of Toronto. If you are eligible for a mortgage, it could be a downpayment.
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