Mike Lock

Mike Lock: With a budget of around $400,000, the couple was severely limited in their options in Toronto where the average house price in November was nudging $540,000 - up 11 per cent year-over-year, according to CTV. "It was very competitive," said 27-year-old Lock, who works for an architectural firm and TORONTO -- After months of scouring online listings and visiting half a dozen open houses, Mike Lock and his wife became discouraged, convinced that they were never going to be able to buy a home in their price range. But last week, their offer of $385,000 for a house in east Toronto was accepted. It was outside of their preferred neighbourhood, and only had two bedrooms but the couple counted themselves lucky. (www.immigrantscanada.com). As reported in the news.