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Canadian first-time buyers in an ever-intensifying housing market are increasingly worried about missing out on a property because they can’t make the down payment, according to a new survey.
The survey, released Friday by Royal LePage and residential mortgage insurance provider Sagen, found first-time homebuyers across the country, except for Alberta and the Prairies, reported higher levels of anxiety compared to 2019.
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First-time homebuyers in B.C. increasingly anxious over insufficient down payments Back to video
In B.C., 71 per cent of first-time buyers expressed concern their down payment will fall short of getting them the home they wanted compared to 56 per cent two years ago.