Down payment sources from gifts-loans are on the rise.
The study says 37 per cent of FTBs ( first time buyers) received a gift or loan from the Bank of Mom&Dad, up significantly from 32 per cent in the 2017 study. Half of those who received a gift or loan say that without it they would have delayed buying a home in order to save for a larger down payment, whereas 32 per cent would have purchased with a smaller down payment and 15 per cent would have sought a lower priced home.
The Saskatchewan REALTORS® Association (SRA) IDX Reciprocity listings are displayed in
accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
The above information is from sources deemed reliable but should not be relied upon without independent verification.
The information presented here is for general interest only, no guarantees apply.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA).
Used under license.
MLS® System data of the Saskatchewan REALTORS® Association (SRA) displayed on this site is refreshed every 2 hours.