In the last blog, Canadians believe that buying a home is a great investment – Part 1, we discussed some of the factors as to why Canadian homebuyers are thinking more about smart home investing and careful financial planning. According to a Canada-wide survey commissioned by Genworth Canada, homebuyers are working harder and making larger contributions towards their savings in order to make a home purchase.

Image sourced from Genworth Canada

Canadians are slowly building up more confidence in their goals towards homeownership. According to the official release of the survey, about nine out of ten people believe that owning their own home gives them a greater sense of emotional well-being. Despite the fact that it could mean more work needed towards saving up, Canadians would rather own a home than pay rent.

For more information on homeownership, please feel free to contact me and I can give you guidance on making your first home purchase.

Source: Genworth Canada