Quote:
Originally Posted by Deegee
How long did it take for you to save for your $80K down payment?
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It took me about 3 years to save 40K in the bank. I started my company RRSP right away after getting the job so I was able to pull an additional 20K from my RRSP. The rest was from a previous downpayment on a condo back in 2005 that fell through. It was roughly 20K which was a combination of compounded savings bonds my parents bought for me back in the 80s and me scrimping and saving from part time jobs while I was in university.
To be fair I lived at home until my late 20s and only had to pay my parents $500 a month. That was a huge help.