I`m a local builder (Ruso Development) in Oakville and the average custom home starts at around $ 160.00 per square foot. Usally that will take you right to completion. However if you have expensive taste that number will raise a bit. I`ve build stufff as high at $400/ft. No land included in this cost. best wished....

Question re (Canadian) CPP Disability Pension: My wife is on CPP disability pension and we are wondering if she would be able to continue collecting if we move to Mexico. Answer from Focus Tax Specialist: RE the CPP disability pension question, once you are receiving a benefit, it will continue regardless of location or residency. In fact, there is a list of countries where CPP payments can be made via direct deposit to a foreign bank account in the foreign currency. Unfortunately, Mexico is not on the list (yet!). As a non-resident, the 15% withholding rate would apply given it is a taxable pension. Many people receiving CPP Disability pension are also eligible for a disability tax credit - so a careful assessment would be needed to see if non-res status would be worth it.

Inquire for a construction loan with progressive draws - meaning there is a loan approved for a specific amount but funds will be disbursed based on the progress of the construction. As soon as the property is completed, an appraisal will be done to see market value. A new loan (mortgage) is issued to pay off the construction loan and you start paying the principal and interest. Hope this helps.

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Here's my situation. i'm in first semester of grade 12. i live in windsor, ontario, canada. i get good grades when i apply myself, but i don't really see any point to school, therefore i rarely apply myself. i have a loving family and will probably live at home for another 4-6 years. having said that, that gives me 4-6 years to prepare financially for living on my own. if i work out at the oil rigs in alberta for say 2-3 years and make over 100k, i could put that money in a savings account for a few years. let's say i'm 22 and have 100k in a savings account. if i leave that money in there and let the interest build for a few years say at 4% annual compound interest i would have about 112k in the bank. this doesn't even account for the money i could save working from ages 22-25. anyways so i'm 25 and have about 120k in the bank (save 8000 at least from ages 22-25 from part-time job). i buy a $100,000 home with 5% down payment for 20 years. the trick is i wouldn't have to pay for any of my down payment bills because i'd have 120k in the bank and the 5k interest i'd be making a year in my savings account would suffice for the 5k down payment bills a year for my house. so that would leave with insurance bills, electricity bills, gas bills, food bills, telephone bills, etc. but not house bills. christian horizons is a great place for people with no college or university education to make a living. starting pay is 16$/hour once you're 18. if i managed to work 30 hours a week (and that's not even that much) by age 22 i'd be making 25k a year. plus you get raises over the years (my mom makes 20.5$ an hour). i'm sure 25k a year would be enough to live a comfortable frugal lifestyle. if i worked 40 hours a week at 16$/hour i'd make over 33k a year which would be even better. when i've worked there for around 15-20 years i'd be making 20$/hour therefore if i worked 40 hours/week = 41.6k a year. this is good money for no post-secondary education! i'm not really into having a super fancy house or car. i just want enough so that i can live comfortably and be debt free without wasting years of my life in college or university. does this sound like a good plan? even if i did have a family, my wife could have a part time job to make ends meet. i like educating myself for real life use. other than that, it's just a number on a paper for me. which begs the question, what do you think of post-secondary education? would you advise me to go based on what i just told you? *note: age 22-25 after working in the oil rigs would provide even more income which could be saved into my bank account so i could buy even better than a $100,000 home.

If you can earn 100k a year then you should do that for as long as you can and live on as little as possible. If you earn 100k a year for 5 years that's 1/2 million dollars. If you buy a 200,000 dollar home and put the rest of that money in some good growth stock mutual funds earning between 8-12% interest when you get ready to retire you will be a multi-millionaire. The math is very sound. And college is not for everyone. I can tell you that having a college degree will open doors for you that otherwise wouldn't be opened, it is not necessary to be successful financially I know lots of broke doctors, and lots of rich farmers. A degree does not equal success. It seems as though you have a good level head and you will be successful at what you do.