/
1x
Advertisement
Proudly Canadian, obsessively Toronto. Subscribe to Toronto Life!
Life

“Renting out the condo helps with our mortgage payments”: How a lawyer couple spend their money

By Christina Gonzales| Photography by Erin Leydon
Copy link
“Renting out the condo helps with our mortgage payments”: How a lawyer couple spend their money

Who: Stanford Cummings, 29, and Victoria Asikis, 29

What they do: He’s an insurance lawyer; she’s a corporate lawyer

What he makes: $80,000-$100,000 a year

What she makes: $70,000 a year

Where they live: A three-bedroom condo townhouse at Don Mills and Steeles

Advertisement

What they spend in a month: Mortgage: $2,600 for their townhouse and $1,200 for a one-bedroom condo at Yonge and Sheppard. “We rent out the condo,” says Victoria. “It helps a lot with the mortgage payments.” Townhouse fees: $430. Property taxes: $235. Utilities: $140. Work attire: $3,000 a year. Stan’s suits cost around $800, and Victoria is a loyal Aritzia shopper. TV, internet and home phone: $130. “I watch all of the sports,” says Stan. Home and car insurance: $4,500 a year. Presto card: $150 for Stan’s commute to his downtown firm. Victoria drives to her uptown firm. Gas: $120. Gym memberships: $70. Groceries: $500. “We shop at Costco for things like toilet paper, and at Loblaws for produce,” says Stan.

Regent splurges: Townhouse: $35,000, for a down payment on the $716,000 property, which they moved into in June. Dinner: $600, for a night out with two friends at Tom Jones Steak House. Cellphone: $350, for a new iPhone 8 Plus. “I broke my old phone and had to renew my plan to get this one,” says Victoria. Wedding suit: $850, for a three-piece from Indochino. They were married in June. Custom wedding dress: $4,500. “I went to a wedding show and loved Catherine Langlois’s designs,” says Victoria.

Want to tell us about your Cost of Living? Email us at costofliving@torontolife.com

NEVER MISS A TORONTO LIFE STORY

Sign up for This City, our free newsletter about everything that matters right now in Toronto politics, sports, business, culture, society and more.

By signing up, you agree to our terms of use and privacy policy.
You may unsubscribe at any time.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Advertisement
Advertisement
This Corktown couple makes $140,000 a year. How do they spend it?
City News

This Corktown couple makes $140,000 a year. How do they spend it?

Inside the Latest Issue

Inside the Latest Issue

The April issue of Toronto Life features the anatomy of a Bay Street fiasco at RBC. Plus, our obsessive coverage of everything that matters now in the city.