7 Jul 2011

More Canadians buying their first home

For most Canadians, buying a home will be the biggest purchase they'll ever make in their lives, and according to a new survey, many of them will be making that significant decision this year.

According to a survey sponsored by Genworth Financial Canada, the number of people planning on buying their first home this year rose to 11 percent, a sharp increase compared to the 6 percent who said the same thing in 2010.

"Canadians recognize that one of the best steps towards financial security is owning a home," said Debbie McPherson, senior vice president of sales and marketing for Genworth Financial Canada, a private mortgage insurer.

The survey also detailed what groups of first-time homebuyers were most likely to buy, finding that they tended to be under the age of 35, have children and earn between $75,000 and $99,000 annually.

With more people looking to buy their first home, it's likely that they'll also be renting out their first storage unit. And with many of these first-time homebuyers having families, Toronto storage can be particularly useful, as it provides the extra space families need to hold all the belongings that will accumulate. 

Be Sociable, Share!

Related Articles [3]

4 Tips For Fireproof Document Storage

March 3rd, 2017
We all have valuables that we would be devastated to lose in a fire. Some of them are keepsakes, some of them are worth a lot of money and some of them are important legal...

Why It's Important To Get Your Winter Tires

December 20th, 2016
As soon as temperatures drop below seven degrees Celsius, it's time to swap out your all-weather, or your summer, or whatever tires you have on your car and opt for winter...

2 Tips For Choosing The Right Packing Supplies

February 12th, 2016
Having a pre-prepared list of all of the packing supplies you will need to move your belongings into a storage unit or a new home will make the move much less stressful. For...

Leave a Comment






Essential SSL