Posted 4.30.14 @ 9:55
by: Staff
According to a recent Bank of Montreal report, first time home buyers in Toronto are planning to spend at least $400,000 on a new home this year; compared with $300,000 last year, that’s quite a jump!
The report looked at homebuyers buying in the Big Three markets of Vancouver, Toronto and Calgary. Buyers looking for a home in the GTA had the second highest budget; buyers in Montreal expect to spend $237,000 on their first home; $363,000 in Calgary and $510,000 in Vancouver.