CALGARY — First-time buyers in Alberta expect to spend nearly $380,000 on a home, the third highest average in the country, according to a report released Tuesday by BMO.
The First-Time Home Buyer’s report said the average amount Canadians planning to buy their first home in the next five years plan to spend is approximately $300,000, with an average down payment amount of $48,000 (16 per cent).
Read more: http://tinyurl.com/bp4gycz
A new survey of past clients by www.YouWalkAway.com, a website that assists borrowers in the legal pitfalls of strategic default, found that nearly 80 percent expressed a desire to buy a home again within the next twelve months. It also cites data by Moody’s analytics, showing that the number of eligible home buyers who have had a previous foreclosure will be 1.5 million by the first quarter of 2014.
Read more: http://www.cnbc.com/id/100485159
With fewer options in Calgary’s resale housing market to start the year, house hunters are flocking to new homes in early 2013.
From the start of the year to Feb. 12, active listings of resale homes in the city dwindled by 31 per cent compared to the same time a year earlier, says the Calgary Real Estate Board.
Read more: http://tinyurl.com/cpaxybw
You’re in luck in Lethbridge, according to the latest figures from the city’s real estate industry. While prices have climbed past the $430,000 mark in Calgary, agents here say most single-family homes here sell for less than $300,000.
Read more: http://tinyurl.com/8me65eg