Edmonton is one of the rare Canadian cities boasting a stable and affordable real estate market. While first-time Vancouver and Toronto buyers are being priced out of the city, the median price for a single-family home in Edmonton is an affordable $388,000. In contrast, Calgary’s home prices are expected to increase by 2.3 per cent.
Why spend $32,000 on a wedding when you could invest that money in your financial security instead? For an increasing number of millennials, the decision to become first-time homebuyers first, and married couples second, is by far the better strategy.
You will save yourself plenty of headaches – Securing a home buying mortgage can sometimes be the most frustrating part of the process.
Valued at $1 million each, one of the homes will go to the grand prize winner of the 38th edition of the Big Brothers Big Sisters Dream Home Lottery. That person gets to choose which home he or she actually wants — and just like finding out whose foot fits the glass slipper in Cinderella, this won’t be an easy task.