Part 5/9:
In this second scenario, assuming a home purchase with a 20% down payment, the homeowner invests in a property worth $450,000, contributing $90,000 after consideration of various buying costs. The current market value of such a property in Mississauga has escalated to between $1.65 million and $1.75 million, showcasing a significant appreciation over the same period. As a result, the homeowner finds themselves effectively controlling an asset worth much more than their initial investment, thanks to leverage.