via The Globe and Mail | March 27, 2015
Wesley and Eva are just months away from paying off their mortgage and are wondering whether they can afford to move up to a larger home in the same neighbourhood.
He is 37, she is 39. They have two children, ages 5 and 7.
Together, they bring in more than $220,000 a year, he as a civil servant, she as an executive with a non-profit organization. Both have defined-benefit pension plans.
“While we are very happy in our smallish townhome in a great neighbourhood, we are wondering if we are able to afford to move to a larger home in the next five years to accommodate our growing children without compromising our ability to rent a summer cottage and/or travel during the summer months,” Wesley writes in an e-mail.