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Home Ownership: The New Life Sentence?

One of the hottest topics this year has been the Canadian housing market, particularly in Toronto and Vancouver, which have seen home prices rise to astonishing levels. Throughout this extravagant bonanza, we have heard countless horror stories of individuals far exceeding their financial capacity in order to buy a house or condo. After listening to these stories it has become apparent that many individuals do not realize the financial commitments that they have locked themselves into. These financial commitments will undoubtedly burden them for the better part of their remaining years. Hence the title of this article: Home Ownership: The New Life Sentence? In this article we will address th

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