9 April 2013

Who is an average Canadian first-time home buyer?

We came across with very interesting findings presented by Bank of Montreal (BMO). According to recent poll, the average Canadian first-time home buyer is 29 years old consumer, planning to provide $48,000 down payment for a $300,000 house.

The survey also shows that price plans and expectations are different in various provinces. For example, citizens of Atlantic Canada expect to spend about $224,000 to buy their first home, and in British Columbia they plan to pay $454,000…

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