[URBAN NOTE] "As home prices soar, some first-time buyers reconsider home ownership dreams"
CBC carries this Canadian Press article noting the increasing unaffordability of home ownership in major Canadian centres like Toronto. It's either the suburbs or renting, it seems.
Earlier this year, Meghan Morrison and her fiance made the difficult decision to add two hours of commuting onto their day in order to pursue their dream of owning a house.
The couple could have purchased a condo in the Toronto area, where they both work, but Morrison says they wanted more space to be able to engage in their hobbies and, eventually, start a family.
"We looked at new builds in Toronto and it's just like, oh my gosh, $400,000 for 600 square feet," says Morrison, 26.
In January, the couple will be moving into their newly purchased, two-storey brick home in Barrie, Ont., complete with a two-car garage and a large, fenced-in yard for their French bulldog to play in.
"It was a really tough decision," Morrison says. "We struggled with it for a long time. But we just couldn't see ourselves living in a condo forever."
Earlier this year, Meghan Morrison and her fiance made the difficult decision to add two hours of commuting onto their day in order to pursue their dream of owning a house.
The couple could have purchased a condo in the Toronto area, where they both work, but Morrison says they wanted more space to be able to engage in their hobbies and, eventually, start a family.
"We looked at new builds in Toronto and it's just like, oh my gosh, $400,000 for 600 square feet," says Morrison, 26.
In January, the couple will be moving into their newly purchased, two-storey brick home in Barrie, Ont., complete with a two-car garage and a large, fenced-in yard for their French bulldog to play in.
"It was a really tough decision," Morrison says. "We struggled with it for a long time. But we just couldn't see ourselves living in a condo forever."