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Mortgage Broker News | 10 Apr 2013, 12:00 AM Agree 0
Tuesday’s BMO report on first-time homebuyers paying an average $48,000 down on a $300,000 home is unrealistic, says one Barrie broker.
  • Paolo Di Petta | dipettamortgage.com | 12 Apr 2013, 12:40 PM Agree 0
    lol. According to BMO, first time home buyers expect to spend $300k on their first home, but the average home in the GTA is over $500k. Obviously, a 'starter home' should be less than an average home, but you can't get anything halfway decent around here for 300k.

    This just goes to show you whether these bank "reports" are worth reading, or just more PR fluff.
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