Posted in a finance forum as well, but I like this subs opinion as well.

I’ve been fortunate enough to land a job that pays very well. I am currently making 200k a year at 28 years old.

I currently own a condo in the GTA worth 550k, owe 270k. I have 100k cash on hand, and 60k more in RRSPs (company maxes it out with the match every year).

I’ve been looking to buy a detached, but as I have no children right now, I do not want to deal with the entire house repairs and maintenance. Plus, they are about 1-1.3M in my area.

Recently a condo went up for sale in my building. 800k, 2 bed 2 bath 2 parking, with a private terrace and 1100 sqft. Has a large private locker right beside my parking spot also

I am thinking of selling my condo and buying this one, putting 300k down. This would leave me with about 50-70k cash after closing costs and furniture.

My payments would go up by about 1k a month, and I would rent out the extra parking spot.

I host very often, and would love a private bbq on my terrace. This is definitely an upgrade, and I am considering doing it so I can enjoy my life now to the fullest.

Question to those who own an upscale condo - is it worth doing?

Appreciate all opinions thanks