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Canada's real estate market is primed for buyers - but first-timers are moving at their own pace
Declining rates and higher inventory improve conditions, yet 53% of first-time buyers plan down payments of at least 20%, with many delaying purchases to save more.
Summary by Benzinga
10 Articles
10 Articles
More first-time homebuyers entering housing market but delay purchases as prices dwindle: study
Royal LePage released the results a survey today stating first-time homebuyers are moving at their own pace while highlighting trends from prospective homebuyers with feedback from real estate professionals.
·Toronto, Canada
Read Full ArticleCanada's real estate market is primed for buyers - but first-timers are moving at their own pace
Highlights: 13% of Canadian adults are working towards their first residential property purchase within the next two years; a majority of them plan to buy in the next 12 to 24 months. More than half (53%) of first-time buyers plan to put at least 20% down on their purchase; while 39% will not and will therefore need to buy mortgage insurance. 41% of first-time buyers say they will receive financial assistance from family or friends, while 51% w…
·New York, United States
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Total News Sources10
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
Factuality
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