$1 million was once money that is enough set you right up for life, but those times are long past. In a few parts of Canada, you’re lucky if $1 million will purchase your fantasy house, allow alone fund your your retirement. This couldn’t be truer in metropolitan areas like Toronto, where in fact the property that is average hovered around $800,000 in 2019.
So, you one of the lucky Canadians who can afford this price tag if it costs $1 million to buy a home in cities like Toronto in Vancouver, are? Let’s take a good look at the facets which will see whether you are able to afford the typical mortgage on a 1 million buck house. Continue reading “May I pay for a million buck home?”