After creating a retirement expenses spreadsheet through 2025, I wanted to share our retirement scenario: We live five months per year (June-Oct) in a rental pied-a-terre in Montréal and the rest in our hometown, Houston. We have spent 20 summers in Montreal previously and love it.
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Benefits:
1. Montreal is a marvelous, safe, bi-lingual city
2. No car needed, and (right now) public transportation is free for 65+
3. Rents approx $3 per SF (we rent 750 SF) on the Plateau
4. It’s a vibrant, green city full of young people, cyclists and creatives
4. Tenants have the right to sublease (we do)
5. Rents controlled by the province
Using certain assumptions about rental increases, subleasing, and monthly expenses other than rent ($100/day) we will spend approx $40K USD for two marvelous summers in Montréal. Or we could take a couple expensive cruises.
If you like an urban environment, are savvy, and flexible in personality, it might be right for you too. Just putting it out there . . . Happy to answer questions.
