About 1 in 10 Canadians (11%) are preparing to purchasing a property or condominium as a principal residence at some point in the following three years, just like the quantity reported in 2014. Very nearly two thirds (63%) of those thinking about buying a home or condominium are expectant of to produce a advance payment of 20% or less. Potential home that is canadian primarily want to utilize cost savings (57%), arises from the purchase of the past house (32%), or cash withdrawn from an RRSP (28%) to finance their advance payment.
|approximated value of present residence||portion of Canadian homeowners|
|significantly less 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 even more||8|
Other styles of major acquisitions
Other economic objectives for which Canadians are organizing throughout the next three years consist of a house fix or renovation (17%), car purchase (13%), or holiday (14%).