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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!

Tuesday, October 8, 2019

Struggling to save

After multiple rounds of stress tests and years of rising house prices, the timeframe required for a first-time purchaser to accumulate funds for a down payment has ballooned. Buyers earning the country’s average wage and hoping to save 20% of the average purchase price would have to spend 98 weeks saving every penny – more than double the time it would have taken them in 1990. Almost half of those aged 18 to 34 who haven’t bought a home yet said it’s because they need more time to save.

So what are would-be purchasers to do? Increasingly, they’re turning to family members: The share of first-time buyers relying on a gift from family has risen 23% since 2005, while the proportion turning to family for a loan climbed 3% in the same period. Buyers are also tapping into more avenues for the funds; nearly 20% said they relied on at least three sources to cobble together their down payment.





MBN

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome and rewarded!

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