A chunk of home buyers are first-timers with limited income and a small nest egg.

Luckily, many have the assistance of partial funding from their parents. Since parents see the value of owning property, they often support their children by paying off a substantial amount of the price. Usually, it is simply a gift that does not have to be returned or an interest-free loan. And seeing that Toronto is the second most expensive city in Canada to buy property, parents are a big help. Imagine - the average price per square foot in Liberty Village downtown is a staggering $588!

Surveys have shown that first-time buyers often have to compromise. Whether it be location, size, price or features, many buyers simply cannot afford their dream home.
But that doesn’t mean you can’t try. Contact me and let me know what your lifestyle and expectations are. I’ll try to find something that best suits your needs, no strings attached!

This entry was posted on Wednesday, December 26th, 2007 at 10:45 am and is filed under Buying and Selling Advice. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.