-- Only three per
cent of homeowners who renovated in the last two years say they did not have any «renovation headaches».
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.
The exception is
homeowners who were forced to purchase taxpayer - backed mortgage default insurance from Canada Mortgage and Housing Corp. (CMHC), or its main private sector rival Genworth Canada, because they put down less than 20 per
cent of their home's value.
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.
The study also noted a steady decline in the number
of homeowners who have completed renovation projects in the last two years, with the results going to 61 per
cent in 2007 from 65 per
cent in 2006 and 70 per
cent in 2005.
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.
Among
homeowners who have mortgages, the average amount
of equity is about $ 146,000, or 50 per
cent of the average value
of their homes.
-- Overall home equity is at 72 per
cent of the total value
of housing in Canada; for
homeowners who have mortgages, equity level averages 50 per
cent.
Forty - six per
cent of respondents agreed that «as a whole, Canadians have too much debt» and many believe that «low interest rates have meant that a lot
of Canadians,
who probably should not have, became
homeowners over the past few years.»
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.
We're talking the 2 per
cent of those surveyed
who had been asked to «run a bath» for the
homeowner!