Toronto Family's $7,000 Monthly Expenditure Reveals Urban Affordability Struggle
Image Source: Internet
An Indian-origin woman living in Toronto with her husband and baby is sparking a conversation about urban affordability after revealing her family’s $7,000 monthly expenditure.
The realtor and content creator walked her followers through a comprehensive list of costs, including a $2,273 mortgage for a Canadian property, $1,000 for groceries, and $500 for baby products.
Saikeerthi Akkineni shared a monthly budget breakdown for her family of three, noting that “Living in Toronto is expensive… but I’m curious—how much do you spend monthly where you live?”
Her video details the high cost of living in Canada, including mortgage payments, maintenance, property tax, utilities, car payment, home and car insurance, groceries, communication costs, and a gym membership.
The family also owns a property in Hyderabad, for which the monthly EMI is $825.
Combined, the family's monthly expenditure reaches nearly $7,000.
Akkineni concluded the video by saying, “These are just our fixed monthly regular expenses, and anything on top of these varies month to month.”
