Rising home prices cause rude awakening

Globe and Mail

 Many Canadians shopping for a home are facing a sobering reality check; roughly 40 per cent discover they're going  to have to fork over tens of thousands more than they originally planned.

The phenomenon is most apparent in Toronto, where more than half (57 per cent) of house-hunters say that they've realized they're going to be spending more on a home than they planned once they started looking, according to a new survey conducted for Bank of Montreal.  And not just a little more - something in the neighbourhood of $100, 000

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Michael James

Michael James

Sales Representative
CENTURY 21 Capital Realty Inc., Brokerage*
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