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Read our community guidelines here. Log in. Lasky says. Brooks and her husband set the asking price below that of comparable homes at the time. Some might be ticket holders, others might become ticket holders after visiting, although it's safe to say most are there to satisfy their curiosity about just what a big-time show home looks like. If you would like to write a letter to the editor, please forward it to letters globeandmail. We hope to have this fixed soon. Over the past four years, houses have sold for much less — sometimes close to half — their estimated value. I'm a print subscriber, link to my account Subscribe to comment Why do I need to subscribe? Our family is here, our friends are here. They kept the pool table and most of the furniture. Thank you for your patience. Some information in it may no longer be current. This is a space where subscribers can engage with each other and Globe staff. You buy a ticket because you want to do something good and then you hit the jackpot. It is absolutely vital fund-raising, Lasky points out. You don't get the dream factor and just the imagination that runs wild," Lasky says. Readers can also interact with The Globe on Facebook and Twitter. It was fun to entertain the fantasy of calling the house home, but McKay and her husband Niel, who is part-owner of a jewellery store, never seriously considered uprooting their lives and moving to Oakville. They are not the only ones. Article text size A. Customer Help. We aim to create a safe and valuable space for discussion and debate. Whoever wins the Oakville luxury home in this year's lottery — whose prizes also include a Muskoka cottage, a Toronto condo, a townhouse in Collingwood, several cars, vacations and home electronics — will likely follow in the footsteps of former winners and opt to sell the property. But don't let your imagination run too wild, cautions the winner. If you want to write a letter to the editor, please forward to letters globeandmail. Story continues below advertisement. And homes are a compelling draw for many people, capturing the imagination — and media attention — much more than a cash prize would. The house was listed in January, — when the market had taken a nosedive. Read our privacy policy to learn more.{/INSERTKEYS}{/PARAGRAPH} Everyone may want to win a luxury dream home, but once the keys are passed over and reality sets in, most people opt for a for-sale sign over a moving van. Of course, not every former winner believed they would pocket a cheque for the same value estimated by the foundation, which made the process of selling the home significantly easier than it was for the McKays. A buyer was found in just a few weeks. Christine Lasky, vice-president of strategic initiatives for the Princess Margaret Cancer Foundation, acknowledges that most of the show homes end up for sale, but, she says, "I haven't seen an unhappy winner. Log in Subscribe to comment Why do I need to subscribe? This article was published more than 7 years ago. Due to technical reasons, we have temporarily removed commenting from our articles. Read most recent letters to the editor. The Princess Margaret covers all the land transfer taxes, real estate fees and legal fees. {PARAGRAPH}{INSERTKEYS}The subject who is truly loyal to the Chief Magistrate will neither advise nor submit to arbitrary measures. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Whether it's a young family starting out or people new to this country, their dream is to own their own home," Lasky says. Former winners who sold may not have got full market value for their houses, but they all stress that winning made them rich and that they have nothing but good things to say about the Princess Margaret. Contact us. The dream of owning a multimillion dollar home may be a fantasy many people love to indulge in, but most winners choose otherwise when faced with the practicalities of calling a dream house home. Other past winners have similarly seen their homes sell for much less than their estimated value. So far, , tickets, or 70 per cent of those available, have been sold in this year's sweepstakes, and approximately 50, people are expected to tour the grand prize show home. Show comments. If you are looking to give feedback on our new site, please send it along to feedback globeandmail. Open this photo in gallery:. They opted to sell the home, becoming millionaires as a result. Click here to subscribe. Promoting the dream of living in a luxury home is key to why the Princess Margaret does not offer a cash option to winners. Published October 24, Updated October 24, Published October 24, This article was published more than 7 years ago. That means: Treat others as you wish to be treated Criticize ideas, not people Stay on topic Avoid the use of toxic and offensive language Flag bad behaviour Comments that violate our community guidelines will be removed. Log out. McKay, her husband and their children are "set for life" because of the win, she says. Dave McGinn. Moving into the home would have been "too much of an upheaval for us," Brooks says, adding, "It's a beautiful house. Report an error Editorial code of conduct.