3 Apr 2012

Survey: First-time homebuyers are strong financial planners

A recent survey indicates that Canadians who recently bought their first home or are intending to buy in the next few months are in the best shape financially.

Genworth Canada and the Canadian Association of Credit Counselling Services recently ran a survey asking 1,533 Canadians about their overall financial health. The results showed that those who recently bought their first house were strong financial planners: nearly 60 percent saved for their down payment in under two years, while 64 percent said they enjoy planning out their finances.

"First-time homebuyers are the engine that will drive the housing market in the next few years," says Brian Hurley, Chairman and CEO of Genworth Canada.

One way for first-time homebuyers to save themselves some money is by renting a self storage unit. This is a good strategy to get some extra space for little-used items at an affordable rate, instead of springing for a larger home.

Self storage can be a smart way to hang on to valuable items without taking up room in a house or apartment. For Toronto storage solutions, there's no better than Jiffy Self Storage. Those interested in self storage should check out the affordable rates on Jiffy's website, where they can also enter to win a free iPad 3.

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