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Promoting the dream of living in a luxury home is key to why the Princess Margaret does not offer a cash option to winners. We hope to have this fixed soon. Readers can also interact with The Globe on Facebook and Twitter. Thank you for your patience. They kept the pool table and most of the furniture. This article was published more than 7 years ago. I'm a print subscriber, link to my account Subscribe to comment Why do I need to subscribe? 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. Article text size A. Read our community guidelines here. This is a space where subscribers can engage with each other and Globe staff. Open this photo in gallery:. Read our privacy policy to learn more.{/INSERTKEYS}{/PARAGRAPH} McKay, her husband and their children are "set for life" because of the win, she says. Over the past four years, houses have sold for much less — sometimes close to half — their estimated value. 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. 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. Log out. Log in Subscribe to comment Why do I need to subscribe? Show comments. The house was listed in January, — when the market had taken a nosedive. Lasky says. And homes are a compelling draw for many people, capturing the imagination — and media attention — much more than a cash prize would. Due to technical reasons, we have temporarily removed commenting from our articles. 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. 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. Moving into the home would have been "too much of an upheaval for us," Brooks says, adding, "It's a beautiful house. You don't get the dream factor and just the imagination that runs wild," Lasky says. If you would like to write a letter to the editor, please forward it to letters globeandmail. 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. Click here to subscribe. Contact us. If you are looking to give feedback on our new site, please send it along to feedback globeandmail. Story continues below advertisement. 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. They opted to sell the home, becoming millionaires as a result. Read most recent letters to the editor. Report an error Editorial code of conduct. It is absolutely vital fund-raising, Lasky points out. You buy a ticket because you want to do something good and then you hit the jackpot. The Princess Margaret covers all the land transfer taxes, real estate fees and legal fees. 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. Log in. Brooks and her husband set the asking price below that of comparable homes at the time. We aim to create a safe and valuable space for discussion and debate. They are not the only ones. 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. 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. {PARAGRAPH}{INSERTKEYS}The subject who is truly loyal to the Chief Magistrate will neither advise nor submit to arbitrary measures. Other past winners have similarly seen their homes sell for much less than their estimated value. Our family is here, our friends are here. Customer help. If you want to write a letter to the editor, please forward to letters globeandmail. But don't let your imagination run too wild, cautions the winner. A buyer was found in just a few weeks. Dave McGinn. Some information in it may no longer be current. 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. Published October 24, Updated October 24, Published October 24, This article was published more than 7 years ago.