A residence or condominium being a major residence
About 1 in 10 Canadians (11%) are intending to purchasing a property or condominium as being a residence that is principal some point in the following 36 months, like the quantity reported in 2014. Nearly two thirds (63%) of those thinking about buying a house or condominium are expecting to produce a advance payment of 20% or less. Prospective home that is canadian primarily want to make use of cost cost savings (57%), arises from the purchase of a past house (32%), or cash withdrawn from an RRSP (28%) to finance their advance payment.
| approximated value of present residence | portion of Canadian homeowners |
|---|---|
| lower than $100,000 | 4 |
| $100,000 to $199,999 | 12 |
| $200,000 to $299,999 | 18 |
| $300,000 to $399,999 | 18 |
| $400,000 to $499,999 | 13 |
| $500,000 to $599,999 | 9 |
| $600,000 to $699,999 | 6 |
| $700,000 to $799,999 | 5 |
| $800,000 to $899,999 | 4 |
| $900,000 to $999,999 | 3 |
| $1,000,000 or maybe more | 8 |
Other kinds of major acquisitions
Other goals that are financial which Canadians are organizing within the next 36 months consist of a property fix or renovation (17%), car purchase (13%), or getaway (14%). […]