I'm 27 and I live with parents at the moment. I save 2k a month without fail. I have 17k loan on a car (there is no building interest, as in I won't pay more if I pay it out longer). I also have 17k loan left from a loan that I got to help my dad consolidate his credit card debts. He is paying that off and will be paid in about 2.5 years. He went from paying $600 a month in interest to significantly less.
My financial goals are to move out. The area where I live apartments go for about half a million and up for a standard 2 bedroom. Even though I intend to live alone, I still would prefer to get a 2 bedroom so I can resell easier in case I were to move for a job opportunity or such. Or even rent it down the road if I pay it off.
Right now I have my 15k of savings inside a TFSA sitting accumulating a joke of 0.4% interest. I know I can do better, but I was too afraid to risk any of it. I know nothing about stocks and I don't have a lot of time to learn it.
What would you suggest for me to do to achieve my financial goal?
One other thing to note that may be relevant, my parents rent and I'm also afraid should worst come to worst I may need to support them, in which case that 2 bedroom may become a necessity. Their pensions plans are next to none and they are getting old, so from my perspective this is inevitable. They are my parents and I'll do what I have to, but since I have time now to get ahead, how would you advise me to do so?
Lastly, I never owned a house so I would be a first time buyer and I do live in Ontario.