Canadian Millennials Expressed Concerns With Working Gig Jobs In Environics Research Survey For TD Insurance
TORONTO, May 8, 2017 /CNW/ –
According to Genworth Canada’s new 2017 First-Time Homeownership Study, almost half of first-time buyers (49%) believe owning a home is a wise financial decision. Top reasons homebuyers were motivated to purchase include: 1) believe owning is a wiser financial decision (49%); 2) want to control the home they live in (46%); and 3) saved enough for a down payment (45%). A further three in ten (29%) said they disliked renting a home. Nearly six out of ten or 57% of first-time homebuyers indicated that they would have a more difficult time buying with the stricter mortgage qualifying rules recently introduced.
According to Genworth Canada’s new 2017 First-Time Homeownership Study, almost half of first-time buyers (49%) believe owning a home is a wise financial decision. Top reasons homebuyers were motivated to purchase include: 1) believe owning is a wiser financial decision (49%); 2) want to control the home they live in (46%); and 3) saved enough for a down payment (45%). A further three in ten (29%) said they disliked renting a home. Nearly six out of ten or 57% of first-time homebuyers indicated that they would have a more difficult time buying with the stricter mortgage qualifying rules recently introduced.
The survey shows that the first-time homebuyer is someone who is employed full-time (84%), working in private business (48%) has a university or post graduate degree (61%), and earning a combined household income of over $100,000 (33%).
almost half of first-time buyers (49%) believe owning a home is a wise financial decision
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