Vancouver Real Estate is Home Sweet Home

Perhaps Vancouver is your home sweet home but how many homes do you think a Canadian owns in their lifetime?

A recent survey by TD Bank finds that one in five Canadians own five homes in their lifetime and 23% of those surveyed plan to move again in six years and less than one third say their next move will be their last.

49% think their next home will be larger vs 51% who think it'll be smaller and 7 in 10 repeat homebuyers say their next home will be a detached, not a townhome or condo.

21% plan to take the maximum mortgage they'll qualify for and 72% plan to stick to their current lender. 

Only one in three home buyers are cautious saying they wouldn't buy a new home until their current home is sold, but 45% would put in an offer if the perfect place was available and hope theirs sells.

Two thirds plan to choose accelerated payments for their next mortgage.

29% say they'd be moving due to retirement. 16% said they're bored with their current home and 39% will use one as a rental property. 51% said they'd improve the resale value of their home by redecorating.

Buying or selling Vancouver real estate? Put Maggie Chandler's hyper-local experience to work for you! CAll 604-328-0077

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.