1 in 5 First Time Home Buyers
Tuesday Jun 20th, 2017
The Toronto Star published an article featuring First Time Home Buyers who recieve help from their family with a down payment.
Below are a few stats about these First Time Home Buyers from thestar.com article:
"Nearly one in five first-time homebuyers recieved help with a down payment from a family member, according to a survey conducted by the federal housing agency"
"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."
Read below to see the full article on thestar.com: