Someone won can't-even-afford-a-house-in-Toronto-or-Vancouver money in 649

Chris Campbell

Ticket holders for both big lotteries – including me! – struck out this weekend on the mega-jackpots.

There was no winning ticket for the $9 million jackpot in Saturday night's Lotto 649 draw and no winning ticket was sold for the $40 million jackpot in Friday night's Lotto Max draw.

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Booooooo!

The only positive news out of these two lotteries was a $1 million prize went to a ticket holder in Ontario.

Hopefully, this Ontario ticket holder doesn’t live in Toronto because, sadly, $1 million doesn’t get you very far if you are planning on buying a house.

Toronto is usually ranked as the most expensive city in Canada as far as house prices. Vancouver isn’t far behind.

Both real estate markets hit ludicrous speed a long time ago, although single-detached house prices in Vancouver have cratered somewhat thanks to a flurry of government changes.

But you still can’t afford to buy outright a house in either city with “just” $1 million. You can’t even buy outright a falling-down piece of garbage house with that much cash. At best you can buy a mediocre one-bedroom apartment.

That’s ridiculous.

It’s a sad commentary on our country that you need to win a mega-jackpot just to buy a house in either city.

So, I’ll keep trying. I imagine you will all keep on trying too. We all dare to dream.

The jackpot for the next Lotto 649 draw on Sept 25 will be approximately $11 million and the jackpot for the next draw on Sept. 24 will be approximately $50 million, and there will also be two Maxmillions prizes of $1 million dollars each up for grabs.

Good luck everyone…we’re going to need it.

- With files from the Canadian Press

Follow Chris Campbell on Twitter @shinebox44.

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