Learn more about BikingToronto and Singer Kwinter

Live in Guelph but Work in Toronto? Say Goodbye to $147,000 over 5 years

Cool article from the Guelph Mercury a few weeks ago.

I’m someone who makes someone do the math when it comes to buying a “cheaper” house out in the sprawling suburbs… you have to incorporate the cost of driving to and from everywhere into your calculations. You don’t really have the option of walking or biking or taking public transit everywhere. Everything is done in a car:

One hundred and forty-seven thousand dollars. That shocking figure is the amount the average two-car family spends over five years commuting from Guelph to Toronto and back.

At first blush it seems logical to put down roots in Guelph. Why battle for a small home in the Greater Toronto Area’s super-hot housing market, when, according to the Canada Mortgage and Housing Corporation you can save $91,000 by living in Guelph and environs?

But the Mercury decided to dig a little deeper. Using a provincial government cost calculator, we examined how much the daily grind to the GTA really chews up.

We estimated a round trip to downtown Toronto at 250 kilometres per workday. We accounted for three weeks off the road for vacation time. That is 1,250 km a week for 61,250 kilometres a year.

The operating cost per kilometre, including fuel at 75 cents per litre, came to 24 cents per kilometre (see chart). For a 2004 Dodge Caravan the trip works out to $14,700 a year.

That becomes a whopping $73,500 over five years. With both couples commuting in different vehicles, the cost translates into a staggering $147,000.

That’s only over 5 years. Extrapolate that over a 30-year working life, and you’re looking at $882,000 that you’ve spent on your cars. I can think of much better uses for $882,000.

Saving a bit of money for a bigger house doesn’t make sense now, does it?

Links to online calculator and other scenarios at the Guelph Mercury.





RECENTLY ON BIKING TORONTO:

Sangyal-helps-rebuild-bikes-at-Bike-Pirates-c-Siva-Vijenthira-600x800

EVENT: Sat, July 4 – Bike Pirates celebrates their 9th Birthday

Please join us this Saturday, JULY 4TH, for some fun, food, and high fives. We couldn’t have made it to 9 years without the support of this community!We will be outside the shop for part of the afternoon saying hello to our new Parkdale neighbours, so come by to see the shop in action, have […]

11355710_693219640806386_1704726468_n

INSTAGRAM: More Bells on Danforth

Bells on #Danforth! Looking east from Pape. #Danforthlovesbikes Danforth Loves Bikes! Follow BikingToronto on instagram! @bikingtoronto

bike-share-toronto.jpg.size_.xxlarge.letterbox

NEWS: Nearby bikeshare station may raise your home’s value

Having a bike share station outside your front door might do more than give you a convenient way to ride to work — it might also boost the value of your home. According to a new study from McGill University, residential units in Montreal are worth more if they’re close to a Bixi station, Montreal’s […]

fatal-accident-closed-dufferin-st-in-vaughan-150629victor-biro1.jpg.size_.xxlarge.letterbox

NEWS: Cyclist dead following 2-vehicle collision on Dufferin St.

The cyclist wasn’t on the road (standing on sidewalk), but car struck a hydro pole, which then killed them. Awful. A cyclist has been confirmed dead by York Regional Police following a vehicle collision on Dufferin St. north of Steeles Ave. on Monday evening. Two cyclists were on the sidewalk corner of Dufferin St. and […]

IMG_20150629_180949510_HDR

OH YEAH! The Viaduct bikelanes get MORE green paint!

Well, I don’t know what’s going on.  This is a level of paying attention to cycling infrastructure on the Bloor Viaduct that, quite frankly, I thought I’d never see (and it pissed me off, often). But now, after the green paint that was laid down late last week in the bikelane, there is now MORE […]

please2015-06-28-18.16.41

FACEPALM: City closes Hoskin bikelane for PanAm Games

What’s a great idea?  Closing down one of the busiest bikelanes in the city and not providing a detour that’s safe for cyclists (and pedestrians) because of the “short distance of the inconvenience”. A sign erected on June 25 indicates the closure of the Hoskin bike lane for two months during the Pan Am Games. […]

11378773_1438257236482258_1995756473_n

INSTAGRAM: Bells on Danforth

Dipping into the instagram archives for this great pic from Bells on Danforth. Biking the viaduct and #thedanny with hundreds of people! #Danforthlovesbikes #biketoFollow BikingToronto on instagram! @bikingtoronto

2014CityBike-INTRO-KatieAaron-Opus-Photo-David-Niddrie-1632-testcrop2

OH YEAH: Easy Bikes – A New Name for Upright Bikes?

Interesting article from Momentum Mag from earlier this month: Did the Wall Street Journal just rename the most accessible, useful, and comfortable of all bicycle styles? Upright bicycles, sometimes referred to by Momentum Mag as city bikes, are hands down the best style of bicycle for daily use. A relaxed frame geometry and swept-back handlebars combine to […]

19135652672_f5254c9d6f_b

PHOTO OF THE DAY: Aquila

Source: Original photo – by uncomman on Flickr. I feel like this woman is a hardened cyclist in Toronto despite her delicate look. Helmet, water, bike lock and music ready to go. Compact commuter pack with carabiner all set. Swagger on two wheels, check plus. via Flickr. See this and 7,000+ other amazing bike photos […]

qq

INFRASTRUCTURE: Waterfront Toronto wants your feedback on the new Queen’s Quay

  Waterfront Toronto is asking for feedback about the new Queen’s Quay… but they’ve buried the feedback link down at the bottom of that link.  I’ve pulled out the relevant section for you below, but check out their page for more information. How to submit your feedback on Queen’s Quay Fill out this online form […]

Recommended Lights

"Frog" Lights

Planet Bike Light Combo

Planet Bike 5 LED Tail Light
Recommended Books
See More Books



RECENT NEWS POSTS: