B.C. real estate market: For 2 residents, it took winning the lottery to buy their first homes
CTV
The modest plans of two recent B.C. lottery winners highlight the challenge would-be homeowners face in the current real estate market.
The modest plans of two recent B.C. lottery winners highlight the challenge would-be homeowners face in the current real estate market.
The men, who each recently won $500,000, don't live in the same area of B.C., are not the same age, and did not live in the same circumstances.
A young man from Coquitlam who won his prize in a BC/49 draw said he woke his mother up to share the good news.
He told the B.C. Lottery Corporation that the win will be life-changing for him, enabling him to buy a small condo and move out of his family home.
More than 900 kilometres away, in the small northern B.C. village of Fraser Lake, another man has a similar plan. He won his half-a-million in a Lotto Max draw this fall, and said the money will help him achieve a goal he's had for a long time.
The winner told BCLC he's been a renter for years, and wanted to get into the housing market, but it took the lotto win to enable him to buy a home.
These winners got lucky, of course.