Too much to spend, too little saved: How to make the most of your cash while saving for a home

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Two years ago, the housing market was the place to be. Getting a house seemed more doable, and your down payment was growing day after day as you steadily put cash aside.

But today, it’s an entirely different scenario. The average cost of a home in Canada climbed a whopping 20 per cent between 2021 and 2022, jumping to $816,720 in Feb. 2022.