Some thoughts on how a new family can get into the home market.
As far as the Canadian budget coming out soon will there be incentives for people who are starting out with a family? Maybe it means that the child care for a young mother should go up if she is paying half of her income on a home, the husband is going up north for better paying work and there is mothering to do besides part-time studying to finish a linguistics degree. The mother should budget on her own whether the government will help her further or not and this one has been able to get into co-op housing which is saving her half of what she paid before. Her rent is over 400 dollars now in a two and a half, where it was eight and a half hundred before. One can see from the televised interview on her that furnishings are meagre so that she can save for necessities and she admits she has to watch every penny until she graduates and gets a better job and or until her husband returns from up north with a wallet full of cash. She worries about a down payment for a home where costs for a home are in the hundreds of thousands today. Eight years ago a home on the plateau in Montreal cost sixty-five thousand and today one can be lucky to find something for four times the price when the income hasn't increased proportionately.
Well maybe the woman should consider what single women are doing before buying a single dwelling home and that is putting her down payment down on a condominium first. The idea of buying a condominium is not only attractive for the single woman but also for the single man who has no time to worry about taking care of the problems around the house. Having a condominium has its downsize when you have to meet with other homeowners to work out shared expenses such taking care of a centralized fire alarm system or hallway sprinklers. Once the condominium is bought then it can be sold and the money can be used for an independent dwelling. The woman watches her spending in the home and home made soups are a temporary solution to the high costs of feeding a family today as compared to what it was years ago. Hopefully the woman can see through to obtaining her dream.
