Almost 1 in 4 homebuyers is buying on their own, often due to unexpected life changes.
A new survey from TD found that 69 per cent of divorced and 35 per cent of widowed people among the 67 per cent of Canadians who are, or are planning to, buy solo.
"Whether you find yourself in a solo buying situation unexpectedly or by choice, there are ways to make it happen,” said Marc Kulak, Associate Vice President of Real Estate Secured Lending at TD Canada Trust.
“Seeking advice from a mortgage specialist and having a solid plan – including understanding how you'll afford your home over the long-term – is the best approach to feeling confident as you shop for a home, mortgage, insurance and that new sofa," added Kulak.
The poll shows that most solo buyers are confident in their ability to comfortably afford the ongoing costs of homeownership including property taxes, maintenance and insurance. Nine per cent said they hadn’t considered these costs though before beginning the buying process.
MBN
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About Me

- Jackie Goodlet, Broker
- GTA, Ontario, Canada
- A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!
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