Originally Posted by
IndiReloaded
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A couple other points to what people have mentioned.
The Toronto real estate market is nothing compared to Vancouver. I work with colleagues (I work for a large university here) who sold their homes back east expecting the be able to purchase something comparable here in Vancouver. Not so. A smallish condo will run you about 300K and that's in the suburbs. Do your research.
Just so you know, regarding the other posts, there are some decent ideas, but they aren't coming from experience and they haven't had to manage their own career. You will find it very difficult here in Vancouver. I moved here over a decade ago, but those who are moving here now are struggling. Two high-income earners (e.g. university faculty) can't afford to buy a home in Vancouver closer than an hour+ commute to their jobs. Not to dissuade you, just be aware of what you are moving to.