Hamilton Real Estate Show

Staggering gap between income and home prices

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Sinopse

Rob Golfi of RE/MAX, The Golfi Team, shares a story about a young couple that didn't realize the red flags when hiring a contractor to put an addition to their home. Learn how wide the gap is between home prices and incomes in Canada compared to the United States. Many parents continue to assist their children with buying their first home, but we have new stats showing how many parents are gifting money and how many are offering it as a loan. We look at some homes that are still under $200,000, the missing middle of the housing sector, and some major red flags when buying a house.