$179,900

Open house Sunday, March 14th 2:00-4:00. Newly updated and renovated home with large back yard on a quiet street in Sutherland.

$318,800

Briarwood,1700sq.ft/3. High/effic furnace,over $40,000 in upgrades.8X16 maint. free deck. Hardwoods on main. Open House 3-5pm Sat/Sun

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Canadians still passionate about home ownership

November 3, 2009

The desire for homeownership is alive and well in Canada, with many Canadians willing to go to great lengths for it.

According to the Genworth Mortgage Insurance Company Canada First-Time Homebuyer’s Monitor, 68 per cent of renters said they would be willing to delay major purchases and more than half would give up vacations in order to own their own home.

The national opinion poll provides insight into what Canadians would do - or would not do - to fulfill their dream of homeownership or to stay in a home they have purchased when times are tough:

82 per cent of current owners would forego vacations in order to keep up with mortgage payments.
65 per cent say they would take on a second job if they risked losing their home.
44 per cent say they would take on a renter to maintain homeownership.

While today’s report shows what Canadians would do to achieve homeownership, just 16 per cent of Canadians are fully prepared for an interruption in income that puts their home in jeopardy.

"The survey findings confirm that people remain passionate about their homes," said Peter Vukanovich, President of Genworth Financial Canada. "When faced with financial difficulties, staying in a home they own is a priority.The complete Genworth Financial Canada First-Time Homebuyer’s Monitor with a regional breakdown is available at www.genworth.ca.

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