Thinking about buying a place in the GTA, but I’m nervous about locking myself into a mortgage on a consulting salary that could vanish with one reorg. Anyone actually banking on consulting long term, or is everyone using it as a launchpad into something more stable?

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You’re not alone. I’m in year 5 and already looking at internal strategy roles or public sector gigs with more stability. Consulting’s great for the resume (and the comp), but the volatility is real. I wouldn’t buy unless you have a solid buffer or a plan B.

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Don't over leverage and you'll be fine

Is your household one income? What multiplier of your income would the mortgage be? How many months/years of payments would you have in savings? What role could you get as a replacement and how soon after?

I bought and am still in consulting years later in the next role as well. However we're a dual income household with >5 years of mortgage payments saved and I only took a small paycut for the new role; still collectively making more than when we bought the place. Those reduce the risk. Good luck.

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