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About MT696

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  1. You're minimizing people's accomplishments by suggesting they are a direct result of some sort of advantage and, thereby, any resulting achievements were because of "privilege" and are somehow unworthy or unearned. I feel fortunate for the opportunities I've been given but, they were not handed to me. The opportunities were not a result of some sort of an advantage. Many of them were due to taking risks, sheer luck and/or hard work. If the "privilege" you're referring to means leaving everything behind in a war-torn country and growing up on welfare (with donation bin meals) then yes, completing post-secondary education and subsequently landing a great job with a good salary makes me privileged. Correct me if I'm wrong, and maybe I am but, I'm sure that you, out of most people here, would not appreciate being presumptuously labeled as "privileged" by someone who doesn't know your history.
  2. Thought it was better than paying someone else's mortgage. Also, investment. Time will tell whether a good one or not. Bay/Lakeshore area, King West, some Yorkdale places seem to be going for around that these days. I got mine for a steal but, it took some time to find. $1400-1500 right now is deff not the standard. Pre-builds (which is what I thinking and probably should've referenced) are going for that now which, I'm assuming, is what they expect the prices to be in 3-4 years or so. Just kind of insane how prices have essentially doubled since 2015. I've seen a condo that went for $600k in 2015, go for $1.2mil just recently.
  3. Coming fresh out of the market.. shoebox condos go for WAY more. Over $1000/sqf on average and that's if you get lucky or it needs some sort of work/no light/inconvenient location. New builds are coming in around $1400-1500/sqf. Let's say you actually find something "affordable", the likelihood is that you'll be paying around 50% of your monthly income towards your housing cost (i.e., mortgage, condo fees, utilities, property taxes etc.). Ok off topic rant over.
  4. Not to be cliche...but.. a bird in the hand is worth two in the bush. Or.. easier to get a job once you have a job. Making the move later on is still quite possible but, at the end of the day, you know what's right for you. Either way, great problem to have! Congrats!
  5. Easier to get a job if you have a job. Rang true for me. It looks better to other employers that you did a decently good job so as to get hired. You can say you got offered a position but some might be sceptical.
  6. Loblaws is hiring: https://ca.indeed.com/viewjob?jk=980aff8ecb574707&tk=1d4u93cpe0kc5000&from=serp&vjs=3
  7. Not a must-have, but more of a bonus, especially as a young practitioner.
  8. Don't know if you're in Toronto, but the Toronto Lawyer's Association gives free memberships to new calls. Might as well.
  9. I know some law schools in Canada offer part-time. Why not explore that route?
  10. What are people's views on an associate starting their own practice only two years in? Seems like she worked at https://www.rktaxlaw.com/ for a bit before starting her firm.
  11. yep! Also, all things equal, after tax a single income of $150,000 nets less than 2x $75,000.
  12. I am also happy with my income right now and feel that it has good growth potential. That being said, I don't think I would be happy earning 75k especially given the housing market right now where rent is around 2300-2500 for a single bedroom condo (yes I know I can get a roommate, but I also know I wouldn't be happy with one as I'm OCD about things). Do I think I can survive on a single income of 75k? Yes. Do I think I can live on 75k? No. However, I do know that everyone has a different version of what is considered living. For full disclosure, I don't come from a wealthy upbringing.. actually grew up on welfare. Edit: The amount of hours worked is definitely a consideration as well.
  13. ^--- this. I was in the same position and everyone said it's easier to get a job once you have a job. However, I don't think you need to stick it out for a year or two. That's a long time. If you're in the practice area you want to be in, then the year or two might look better when you're applying for other positions, but at the end of the day it's a personal choice.
  14. Well, damn. My LOC docs indicated that the interest could qualify for a tax credit. Stupid banks. Either way, still cheaper to owe the money to the bank than the government. Anyway, actually looked into it and not a tax credit: https://www.canlii.org/en/ca/tcc/doc/2013/2013tcc3/2013tcc3.html?autocompleteStr=2013 tcc 3&autocompletePos=1
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