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Newlyweds Ryan Perera and Tripti Ninan are proud owners of a condo in Etobicoke.
JOANNA LAVOIE jlavoie@insidetoronto.com Newlyweds Tripti Ninan and Ryan Perera are Millennials and purchased their first home in Toronto just under a year ago. Based on their combined income and the down payment they were able to come up with, the couple bought a 700-square-foot, one-bedroom-plusden condo unit in Toronto’s west end near a subway station. “We knew our first step would be a condo. We wanted to start small and we wanted something low maintenance,”
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said Ninan. “And for us, location was About five years ago, they both started setting aside money for their key because we wanted to be close to transit. I did not want ridiculous comwedding and future home purchase. mutes anymore.” “We were actuNinan, a 30-year- “We don’t go on crazy ally planning for o l d m a r k e t i n g shopping sprees at all quite a few years professional who and saving up,” works downtown, and we’re smart with our said Perera. and 27-year-old purchases; no impulse “We saved for both our wedding Perera, an aeroand our property s p a c e e n g i n e e r buying.” whose office is near Ryan Perera e ve n b e f o re we Pearson Airport, knew what kind of place we wanted understood sacand how big the wedding would be.” rifices were required to make their dream a reality. Ninan, who also paid her own way
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through college and university, said she was lucky to have taken a few financial courses and had a good understanding of what was involved in getting into the Toronto real estate market. It also helped that both Ninan and Perera’s parents have purchased a condo in the last five years and they were actively involved in helping their parents navigate the experience. “We took what we learned from our parents and applied it when the time came to buy a condo,” she said. The couple sacrificed having a second vehicle to save more money >>>plan, page 3
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