Now is The Time To Buy House Says Survey
Now is The Time To Buy House Says SurveyBy 250 News
Tuesday, June 09, 2009 10:24 AM
Prince George, B.C.- The latest survey by Canada Mortgage and Housing Canada Mortgage and Housing indicates nearly 90% of home buyers across the country believe buying a home is a good long term investment and nearly 70% think now is a good time to buy a home in their community.
Here are some other highlights:
•86 per cent are of the view the level of total housing and other monthly payments should generally not exceed 40 per cent of gross household income
•75 per cent of purchasers have a goal to be mortgage free sooner than their original amortization.
•20 per cent of recent purchasers report having made a lump sum payment to their mortgage.
•77 per cent of recent mortgage purchasers expressing satisfaction with the service received from their lender or broker.
CMHC surveyed more than 2,500 recent mortgage consumers online, from mid-March to mid-April 2009.
This is the 10th year for this survey.
posted by Colin @ 11:39 AM
0 Comments
