10% of All Purchases now Involve Gifted Down-payments!

Posted on Posted in Burlington

This irrefutable fact is really not so surprising.   Given that it requires 27.5 years of savings, at a rate of 10% of an average couples median pre-tax income to garner a 20% down-payment for a residence in the G.T.A.

Comparatively;   FYI;   It is estimated that it requires 36 years of collective savings in the lower mainland of Vancouver .  So perhaps we should consider ourselves fortunate. The Canadian average for saving a respectable down-payment is now > 6 years. If you would like more information regarding assisting your children with property investments.  Please contact any of our offices for confidential advise on the link below.

Happy Holidays!

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