The high cost of home ownership

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Owning a home in Canada, especially in the Greater Toronto Hamilton area is becoming more difficult every single day. While some are cashing in on the housing boom others are getting priced out of the market. A new report from RBC today suggesting Canadians are spending close to half their income, or more on a mortgage.

Even though the market is tough there’s no need to break the bank to buy a home, if you’re okay with making some compromises. There are still some properties available for less than $200 000 in the Hamilton area but you’ll have to act quickly because they’re few and far between.