11.03.2013 - Will nervous first-time buyers make this spring housing market bloom?
With the spring selling season approaching, all eyes are on a crucial segment of the real estate market – the first-time home buyer. It’s a group that includes people such as Tyler Padley and his wife Jamie McGovern, who have been renting in the west end of Toronto and are now looking to buy their first house and start a family. Like many prospective homeowners, they are struggling to find what they want at a price they can afford – even though they’ve saved up a sizable down payment. With the average home price hovering at around $510,000, they’re realizing they may have to settle for a place that’s smaller or further from the city’s core than they wanted – assuming they take the plunge at all...............................................Full Article: Source
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