The study finds that only 45 per
cent of buyers say that their builder's sales staff followed up with them after their initial visit to the sales centre.
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.
Not exact matches
Caranci
says further tinkering could be required; the Australian state
of Victoria saw no impact when it imposed a three per
cent foreign
buyer tax in 2015, and recently raised it to seven per
cent.
As many as 95 per
cent of these
buyers are reliant on mortgages to make their real estate purchases, and the «vast majority» also receive considerable financial assistance from their Boomer parents, the study
says.
For first - time
buyers, it would mean a 6.5 per
cent increase
of $ 475, «or, at best, the status quo, if the current rebate is not adjusted higher than what is currently being proposed,»
says TREB.
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.
It became the most aggressive
buyer in the market, according to three industry sources, and would offer 5 to 15 per
cent more than its competitors, one
of those sources
said.
«Nielsen Homescan shows that while fresh and chilled make up the largest proportion
of sales, the number
of consumers who purchase fresh or chilled exclusively is very low — 85 per
cent of buyers shop across two or more seafood segments while in store,» Nielsen
said.
Roberston also
said that BMW expects about 70 per
cent of Active Tourer
buyers to be new to the brand.
Volkswagen
says the options take - up rate on base Polos was previously less than five per
cent, with a similar number
of buyers opting for diesel power, which the new downsized turbo - petrol engine all but emulates in terms
of torque and efficiency.
KBB
says buyers of the 2017 Mitsubishi Outlander ES can expect to spend about $ 38,740, or 51
cents per mile, over the next five years.
Holden disputes this figure and
says that, in its experience, only 30 per
cent of buyers in this class prefer autos.
Stakeholders
say only 13 per
cent of buyers now opt for the stick in this segment, but the potential extra driver involvement afforded by a six - speed can not be underestimated.
The report
says foreign
buyers — predominantly from the United States — make up 10 per
cent or less
of Canada's recreational property market.
She
said the
buyers» real estate agent won't reveal whether the clients are foreign but has floated the idea
of the couple helping to pay part
of the 15 - per -
cent tax.
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.»
Taking the vehicle for an independent inspection, especially if the vehicle is outside the warranty coverage, is also recommended, Bouchama
said, «despite the fact that 50 per
cent of buyers don't do that.»
Caranci
says further tinkering could be required; the Australian state
of Victoria saw no impact when it imposed a three per
cent foreign
buyer tax in 2015, and recently raised it to seven per
cent.
Fully 82 per
cent of baby boomers
said they either «support or «strongly support» the foreign
buyers tax compared to millennial respondents where only 69 per
cent did so.
Canada Mortgage and Housing Corp.
said 18 per
cent of first - time
buyers polled
said they received a gift from a family member as part
of their down payment.
During the four - year period, first - time
buyers said 11 per
cent of their down payment was a gift from family and six per
cent was a loan.
«We expect the market for premium smartphones to return to 3.5 per
cent growth in 2017, as stronger replacement cycles kick in and in anticipation
of a new iPhone next year, which is expected to offer a new design and new features that are attractive enough to convince more replacement
buyers,» Gartner analyst Roberta Cozza
said.
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.
«In a
buyer's agent contract, the
buyer agrees to pay the Realtor a commission, if he doesn't collect one from the other side — which takes care
of the zero per
cent,»
says MacKenzie.
The company
says an «informal survey»
of real estate offices across Mexico shows that Canadian
buyers make up as much as 70 per
cent of all purchasers
of vacation products in some destinations in Mexico.
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.
The data also showed that, when renovating, 95 per
cent of respondents
say the kitchen offers the best «bang for buck» in the eyes
of the
buyer.
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.
-- 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.
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.
-- 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;
Toronto brokerage TheRedPin.com
says while the ritual
of holding an open house attracts many potential
buyers, they only account for five per
cent of sales.
He
says around the same time, there was a tightening
of mortgage qualifications, which squeezed out about 15 per
cent of previous would - be
buyers, creating a whole new market
of RTO clients.
This finding was despite more than half (53 per
cent)
of all
buyers (first - time and repeat
buyers)
saying they found their most recent agent through a recommendation from family or friends.
TREB
says the proposed changes being discussed would add an additional 0.5 per
cent of tax on all
buyers.
It
says in Montreal, 50 per
cent of the market for luxury single - family homes consists
of foreign
buyers, primarily from China.
In Toronto, 25 per
cent of these purchases are made by Chinese and international
buyers, the company
says.
«Home
buyers and sellers can expect to pay eight per
cent more on legal fees, appraisals, real estate commissions, condo fees, home inspection fees, moving costs and the provincial government's recently introduced system
of mandatory home energy audits,»
says OREA.
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.
It
says CMHC should also consider offering special interest groups such as first - time home
buyers and those who purchase an energy - efficient home a premium reduction
of up to 25 per
cent.
The National Association
of Realtors
say 97 per
cent of potential
buyers look at property online first (and 99 per
cent of millennials).
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.
The survey
says 81 per
cent of buyers who use the Internet to search for a home purchase through a real estate agent, while 63 per
cent of non-Internet users buy through an agent; non-Internet users are more likely to purchase directly from a builder or an owner they knew in advance
of the transaction.
Of those who bought their first property in the past five years, 10 per cent bought condominiums, while 21 per cent of potential buyers intend to purchase one, the report say
Of those who bought their first property in the past five years, 10 per
cent bought condominiums, while 21 per
cent of potential buyers intend to purchase one, the report say
of potential
buyers intend to purchase one, the report
says.
The benefit
of listing with Lim is that he is an established eBay seller, with a 100 - per -
cent satisfaction rate, which he
says gives credibility with potential
buyers.
But other industry experts
say it's too soon to know if the plan, particularly its centerpiece — a Vancouver - style, 15 - per -
cent tax on non-resident foreign
buyers — will have the desired effect
of making housing more affordable and available by dousing property speculation.
Brad Henderson, president and CEO
of Sotheby's International Realty,
says there are different subsets
of buyers responsible for the 98 per
cent spike in luxury condo sales.
In Atlantic Canada, where local economies have been resilient in the face
of a worldwide recession and housing markets remain stable, 43 per
cent of first - time
buyers say they that job security is a factor in their decision to buy, while 84 per
cent of buyers in British Columbia and Alberta
said job security will influence them.
The J.D. Power survey
says 68 per
cent of buyers used Internet tools to help them in the purchase process and 61 per
cent of sellers reported that they used a website listing to market their home.
«When added together, approximately 54 per
cent of buyers originate on Vancouver Island and 44 per
cent originate from the rest
of B.C. and outside
of the province,» VIREB President Subhadra Ghose
says.