(Source: Toronto Star)
In her search for a new home, Jean Rideout budgeted what she thought was an “ample” figure – $1 million. But the Toronto woman quickly found there was a yawning disconnect between her idea of what an upscale property should be and what she would eventually find in the city’s better neighbourhoods.
“I didn’t expect a palace. But you’re not even getting parking in some areas for that price. I guess a million dollars doesn’t go as far as it used to,” Rideout, an executive with a telecommunications company, said with a laugh.
Read Tony Wong’s full article “Toronto luxury home sales buoy market” in the Toronto Star (March 4, 2010).