A home or condominium being a major residence
About 1 in 10 Canadians (11%) are intending to buying a household or condominium as being a residence that is principal some part of the following 36 months, like the quantity reported in 2014. Very nearly two thirds (63%) of those thinking about buying a residence or condominium are expectant of in order to make a advance payment of 20% or less. Potential home that is canadian primarily intend to make use of cost cost savings (57%), arises from the purchase of a previous house (32%), or cash withdrawn from an RRSP (28%) to finance their advance payment.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 throughout the next 36 months consist of a property repair or renovation (17%), automobile purchase (13%), or getaway (14%).