Sixty - five per
cent of homeowners pay off their credit card balances each month (vs. 48 per cent of non-homeowners).
Not exact matches
The tax is the first
of its kind in Canada, requiring
homeowners who do not live in or rent out their properties to
pay a one per
cent levy based on the assessed value
of the home.
To put that in perspective, the average
homeowner in Washington, D.C. — where the average per - capita income is $ 70,000 —
pays about 12
cents per kWH, according to the Department
of Labor.
Almost half (44 per
cent)
of homeowners were able to
pay all
of their bills and save some money in the past year suggesting a strong correlation between homeownership and financial fitness.
A recent survey from Manulife Bank found that almost three quarters
of Canadian
homeowners would have difficulty
paying their mortgage every month if their payments increased by as little as 10 per
cent.
If, a
homeowner in Ontario were to add this coverage they'd
pay roughly 50
cents per $ 1,000
of coverage, explains Gilles Gratton, spokesperson for Intact.
He points to the claims that agents from both companies collected over 40 per
cent of the commissions
paid by GTA
homeowners, totalling approximately $ 2.2 billion.
Renters also appear to be saying they are tired
of paying someone else's mortgage payment, with 38 per
cent planning to become
homeowners in the next two years.