Seventeen per
cent of homeowners say their homes will be their primary source of retirement income.
Despite the number of Canadians on the move, the survey found that as many as 26 per
cent of homeowners say they were totally or somewhat unprepared for the costs and expenses that come with the first year in their new homes.
Not exact matches
Tim Reid, the founder
of Phoenix Real Estate Investing, which works with distressed
homeowners,
says the number
of foreclosure notices issued by Alberta courts in Calgary and Edmonton jumped by about 15 per
cent from November to December, and is up as much as 40 per
cent on the year.
Assistant parks director Jerry Baer
said homeowners should see their tax rate drop from 60
cents per $ 100
of equalized assessed valuation to 57
cents per $ 100
of EAV.
Annie Kvick, a financial planner with Money Coaches Canada in Vancouver,
says that 15 per
cent to 20 per
cent of the clients she sees are
homeowners building up additional debts beyond their mortgage.
«By keeping its policy rate at one per
cent, the Bank
of Canada has created one
of the most stable and favourable and borrowing environments for potential
homeowners in decades,» Aggarwal
said.
Insurance expert with InsuranceHotline.com, Anne Marie Thomas,
said homeowners who failed to regularly maintain the roof
of their home may struggle to get 100 per
cent of the damage covered by their insurance company.
Although the share
of resales concluded through Centris currently sits at 75 per
cent of total provincial resales, this does not necessarily mean that the remaining 25 per
cent are resales concluded directly by
homeowners only,
says the federation.
It comes from social media company Postling.com, which
says 73 per
cent of homeowners are more likely to list with a Realtor offering to do a video.
Eighty - two per
cent of Ontario
homeowners have donated to charity in the last two years;
homeowners are much more likely to
say they voted in the last municipal election than renters; and 35 per
cent of owners
say they have volunteered in their community.
RBC also
says 60 per
cent of Canadian
homeowners currently hold a mortgage; up four per
cent from 2005 and 10 points greater than 2000.
«Home renovations will remain strong this year, with 13 per
cent of surveyed
homeowners reporting they were ready to undertake renovations this year, costing $ 1,000 or more,»
says Dugan.
In the City
of Kelowna, where Albertans account for between 10 and 15 per
cent of homeowners, local leaders were «disappointed» by the changes,
said Doug Gilchrist director
of community planning and strategic investment.
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.
According to the latest survey, 67 per
cent of Canadian
homeowners say they are planning to renovate over the next two years.
«Seventy - five per
cent of homeowners in Saskatchewan and Manitoba are preparing to renovate within the next two years, which makes this region
of the country the only area where intentions are on the rise,»
says Catherine Adams, vice-president, home equity financing for RBC.
Among the builders who successfully met
homeowner expectations, more than 80 per
cent of their buyers
said that the new - home purchase experience exceeded their expectations.
-- Only three per
cent of homeowners who renovated in the last two years
say they did not have any «renovation headaches».
Despite the fact that 55 per
cent say now is a good time to buy, up almost 20 percentage points from fall 2008, only four per
cent of homeowners and six per
cent of non-owners actually
say they anticipate buying — about the same number as last fall.
Over 40 per
cent of all mortgage holders have at least 50 per
cent of the value
of their homes in equity, and
of all Canadian
homeowners, which includes those without mortgages, 65 per
cent hold at least half the value
of their properties,
says CAAMP.
• More than one - third
of Ontario
homeowners (36 per
cent) mistakenly think that after a real estate contract is signed, a buyer or seller has a trial period during which they can cancel it, and an additional 33 per
cent said they do not know.
A survey by the Real Estate Council
of Ontario (RECO)
says 41 per
cent of Ontario
homeowners and 45 per
cent of first - time homebuyers wish they had done something differently when buying or selling their home.
According to the U.S. online survey, 35 per
cent of all married couples purchased their first home together by their second wedding anniversary, and 80 per
cent of married
homeowners who purchased their home while married
said it did more to strengthen their relationship than any other purchase they made together.