Sentences with phrase «cent of all home buyers»

A new report to be released Wednesday by BMO Financial Group found that some 53 per cent of home buyers in Ontario and 51 per cent in British Columbia will conduct personal «stress tests» to determine whether they can pay their mortgages in the event of a rate hike.

We've all heard the statistics — over 90 per cent of home buyers use the Internet to research homes before they ever see a property in person.

-- 65 per cent of home buyers who currently live in Toronto say they are more likely to leave Toronto when they purchase their next home, specifically because of the Toronto Land Transfer Tax.

-- 74 per cent of home buyers in Toronto and the Greater Toronto Area say they are more likely to purchase a home outside of Toronto specifically because of the Toronto Land Transfer Tax;

Furthermore, 90 per cent of home buyers use the Internet at some point during the home - buying process.

In 2001 about 69 per cent of all home buyers worked with a real estate agent.

In reality, «91 per cent of home buyers who used the Internet to search for a home purchased through a real estate agent, as did 71 per cent of non-Internet users,» says the study.

More than 92 cent of home buyers start their home search online.

In fact, 88 per cent of home buyers and renters visit a property website before finding their next home according to the National Association of Realtors» recent survey.

Forty per cent of home buyers put down five per cent of the purchase price, says Genworth, while 35 per cent make a down payment of 10 per cent.

With more than 80 per cent of home buyers continuing to do their research online, agents must attach more photos to their listings for them to stand out and attract more potential buyers.»

Fully 35 per cent of home buyers in 2007 were retirees and that number is likely to increase in the coming years.»

-- 86 per cent of these home buyers chose fixed - rate mortgages.

Not exact matches

Home sales across the country have dropped in the wake of several government policy measures, including a stress test for home buyers with a down payment of more than 20 per cent, that were implemented to cool the country's hot housing marHome sales across the country have dropped in the wake of several government policy measures, including a stress test for home buyers with a down payment of more than 20 per cent, that were implemented to cool the country's hot housing marhome buyers with a down payment of more than 20 per cent, that were implemented to cool the country's hot housing market.

As of Jan. 1, home buyers with a down payment larger than 20 per cent seeking a mortgage from a federally regulated lender are now subject to a financial stress test.

To be eligible, first - time buyers must be pre-approved for an insured high - ratio mortgage for at least 80 per cent of the home's purchase price.

OSFI also proposed tightening some of the rules around conventional mortgages (i.e. where the buyer puts down more than 20 per cent of the home value).

Under the rules, a buyer paying more than 20 per cent down on their home purchase must prove they can carry their monthly payments at either their contract rate plus two per cent, or at the Bank of Canada's benchmark rate — whichever is higher.

Detached homes were selling for more than $ 1.8 million in April before the province moved in to cool the market by implementing a 15 per cent tax on foreign buyers and extending rent control rules, two of 16 measures that were part of its Fair Housing Plan.

But a year after its launch last April, industry observers remain unconvinced that Ontario's 15 per cent non-resident speculation tax had the right target in its crosshairs and, home buyers and sellers — caught mid-transaction by the ensuing plunge in home values — say the government hasn't even acknowledged the casualties caused by its manipulation of the market.

Given that many of these markets are more affordable, we are also seeing a higher share of the flipped homes sold to FHA buyers, with that share reaching a four - year high of 19.6 per cent in 2016.»

This appears to have contributed to a decline in the participation of first - home buyers in the market, with their share of new loan approvals for owner - occupation declining over the past two years to be slightly below 20 per cent in May.

Mr Osborne announced an increase in the threshold before workers start paying income tax to # 8,105, financial support for first - time home buyers, a two per cent cut to corporation tax this year, a tax on private jets, a clampdown on non-doms, the introduction of # 140 flat - rate state pension, a review into a merger of national insurance and income tax and a fair fuel stabiliser, including a 1p cut on fuel duty.

Sadly, many young home buyers can't afford a 20 % down payment, especially considering that 37 % of millennial renters have not saved a cent for a down payment, according to a recent survey by Apartment List.

Home buyers must have a down payment of at least five per cent of the price of the home that they are buyHome buyers must have a down payment of at least five per cent of the price of the home that they are buyhome that they are buying.

Its highest profile move has been a 15 - per - cent tax on foreign home buyers that came into effect at the start of August and covered 22 communities in the Vancouver region.

The Property Transfer Tax First - Time Home Buyers» Exemption program calculates the exemption at a rate of one per cent on the first $ 200,000 and two per cent on the remaining value of the purchase price.

VANCOUVER — A legal challenge of a British Columbia levy on foreign home buyers has been filed in Vancouver, seeking a class - action lawsuit on behalf of those forced to pay the 15 per cent tax.

He added that the province's move to control the city's overheated housing market by imposing a 15 per cent tax on foreign buyers of homes in Metro Vancouver as of Aug. 2 could reduce its bubble risk rating.

TREB says its data show non-resident buyers make up 4.9 per cent of transactions and that most of them purchase a home «as a residence, a home for another family member to live in, or as an investment to rent out.»

Sydney house prices have jumped more than 6 per cent since the beginning of the year, increasing pressure on first home buyers.

Based on the bank's current posted fixed five - year mortgage rate of 5.14 per cent, the new rate will rise to 5.34 per cent − although home buyers can generally negotiate with lenders to get rates considerably lower than their posted rates.

About half of first - time buyers who bought a home under $ 200,000 put down only 5 per cent, according to Altus.

They include the increase of the property transfer tax to five per cent from three per cent on homes valued at more than $ 3 million, the increase of the foreign buyers tax to 20 per cent from 15 per cent and expansion of the FBT to other parts of B.C. rather than Vancouver.

According to the 2016 Home Buyer and Seller Generational Trends study conducted by the US National Association of Realtors, millennials (aged 35 and under) made up the largest share of US homebuyers − 35 per cent − in 2015.

With the two - per - cent down program, buyers still need to make monthly payments during construction, «but the monthly payment of $ 512 / month would go towards paying off your own home and making up the difference of a per cent down payment,» says the release.

Will be interesting to see how long that lasts when buyers engage RS's services to purchase a propertyguys listed home where the seller is offering co-op commission of 1 cent.

According to a recent poll, 67 per cent of motivated home buyers intend to use a real estate agent to assist in their home buying, higher than any other source including family, real estate websites, friends and social media, says RBC.

Then, he promotes the property on his personal website, Facebook fan page and Twitter account — places where, he says, 90 per cent of buyers begin their search for a home.

Since energy use in the home contributes to approximately 30 per cent of individual carbon emissions, increasing efficiency in the home presents an effective way to combat climate change, a factor that is a significant selling point for environmentally aware buyers.

Nationwide, 55 per cent of first - time buyers settle on a fully detached home with 17 per cent opting for a condominium, 15 per cent buying a townhouse and 13 per cent purchasing a duplex.

The poll, conducted by Ipsos Reid, also says that 30 per cent of recent first - time home buyers in Toronto had to pay some Toronto Land Transfer tax.

For example, a home backing on to a train line will (eliminate) 20 per cent of potential buyers.

-- 90 per cent of recent home buyers feel that they received little or no added value in municipal services for the Land Transfer Tax that they paid to the city;

The National Association of Realtors» Home Buyer and Seller Generational Trends report is full of great insights that show popular marketing methods such as search engines or newspaper ads account for less than one per cent each of all closed seller leads.

A new study of recent Ontario home buyers and home sellers, commissioned by RECO, found that 47 per cent of those polled would consider paying up to 10 per cent over their budget and 31 per cent would consider offering 10 to 20 per cent more to outbid the competition.

Some media suggest that from one - third to 40 per cent of all first - time buyers get family help to buy a home.

For repeat home buyers purchasing an average priced home, this would mean a seven per cent increase of $ 750 on top of the $ 11,000 that they already pay to the city.

In a recent Ipsos Reid opinion poll, 58 per cent of British Columbians agreed that the Property Transfer Tax (PTT) places an unfair tax burden on home buyers relative to other segments of the population.

It says in Montreal, 50 per cent of the market for luxury single - family homes consists of foreign buyers, primarily from China.