A young man named Matt and his wife want to buy a house in Toronto, but not bad enough to make the usual compromises over paying too much, settling for a less desirable neighborhood or moving to the suburbs.
And so, as described in this blog post they go on their way to Quebec City. Houses are much cheaper there and the costs for childcare are much lower. Question: Why do not more people take such decisions in expensive housing markets such as Toronto and Vancouver?
A story in the recent edition of Report on Business Magazine tells how Canadians have become much less prepared for work in recent decades. The main reason is that they or their husbands do not want to leave family and friends. But if you really want a home, moving can be a solution.
What makes Matt's story so interesting is that he and his wife are exactly the kind of people that should thrive in a city like Toronto. Matt is a head programmer at a video game company and his wife works at a university in marketing and sales. They have rented, but want more space. Nothing they have seen in the housing market offers a viable alternative.
Some may see Matt and his wife as too picky, but I think they are smart. They know what they want and how much they want to spend. Toronto can not meet their requirements, so they are on the move. More people should consider this path to affordable home ownership.
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Rob's personal financial reading list …
More saving for retirement versus working longer  New research suggests that this is not even a competition – working longer has a much greater positive effect on your financial position than increasing the amount you save each year. Note: working longer may not be possible if you have contracted or have health problems.
Insurance companies look at social media
A man from Montreal claims that his insurance company has refused to pay his pay disability claim partly because of his placement on social media. A reminder that your posts on social media are available to anyone you are trying to upgrade.
Why she asks for more money
A call to women to step up their efforts to negotiate and increases.
Is an MBA worth the cost?
An investor blogger talks about the benefits he received from his MBA . I take this item because of a conversation I had with a young woman during a financial literacy campaign that I recently did for the charity group WE Families . She was worried about whether to spend the considerable amount of money needed to get an MBA.
The most recent financial tool of today
A guide to help couples on the same page with their financial goals  . It's from the non-profit group Credit Canada
The question: "We sometimes thought that if our children went to university in the same city, it might be the it was worth buying a house they could live in, possibly with rent-paying roommates If we would do this, could we use RESP funds to make the mortgage payments? "
The answer:  "You have to show proof of enrollment in an educational institution after high school to do a RESP admission on behalf of a beneficiary, but I can tell you that a parent who made RESP Shots seven times , no supervision of what you use, money for. "
Do you have a question for me? Send it my way . Sorry I can not answer everyone in person. Questions and answers have been edited for length.
Carrick Talks Money: Rethinking Your budget
In case you have these personal financial stories about Globe and Mail missed
– What you should know about buyout packages before you leave voluntarily
– More competition in the remittance industry means that it's a good time is for shopping
– Hot shot traders used millions – now they are being replaced by computers (for Globe Unlimited subscribers)
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