Genworth just released its first ever first-time buyers report with some interesting and growth-supporting and encouraging results. Below are a few key excerpts:
*There are 4 million renter households in Canada, among a total 12 million households. (Statistics Canada)
*Nearly one half of those 1.3 million potential homebuyers are between 18 and 34 years old.
*Two-thirds of those 1.3 million renters plan to become homeowners within two years.
*The vast majority (87 per cent) of renters say they think becoming a homeowner is a good investment.
*78 per cent of renters said they're not concerned about home prices falling after they've made their purchase.
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