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HILLS OUTLOOK Friday Mvcha Page I Real Estate Surprising number of young buyers Iloyal lias just released one or Die largest surveys of real consumers ever conducted in Canada The survey covers close lo Canadians who bought or sold homes Because of the scope of this survey we are just to scratch the surface of our findings comments Jurock We can sec some cant trends especially the Increase In the marc mature more experienced seamen t of the population who were In the real estate market last jeor In it appears that real estate markets were ltd by young and first lime buyers says Mr However In the Impetus spread upwards through the market Mr adds There arc Mill a surprising number of young home buyers but their number decreased in compared the previous In 1965 per cent of all buyers In the Royal survey were under years of age In 1986 this group dropped to per cent of the lota The population age group that was most active In terms of home buying In 1966 were the socalled baby boomers In the Royal study the to carold age group accounted for per cent of all home buying activity Compared to the census population distribution the baby boomers were inordinately oc live It would appear says Mr Jurock that the Canadian tradition of is J strong or even stronger among young peo ple Owning a home evidently con llnucs to be seen as an excellent in vestment The number of first lirrn buyers continues as a major segment of the homebuying public at per cent of the total However percentage Is down from the per cent of ihe market reported in 19B5 The number of multi I me lc who have bought more than homes in increas ed five per cent Irom cent of tin market 19HT to IP cent in This lends home in spread up into hi move up market in ai Int nun mature segment of the g upgraded or more expensive home The survey II characteristics of sellers vcn dors with results large s to those or the buyer groups One of tin mosi significant changes In the demographics of ven dors in 1J06 was be large Increase In the number of 40 to 49yearolds who sold homes This group increased from IB per cent of the total In to percent In lMfl This also reinforces the finding that older more experienced home owners exerted a stronger Influence on real estate markets In Also of note the number of first 1985 to per cent in 1986 Almost all of this Increase was absorbed by the time vendor group which In creased from to39 per cent The findings of our survey are producing Ihe first real quantifiable Insights Into the demographic characteristics of real estate con sumers says Mr To our knowledge no other organization has ever conducted a study as com as the one were now undertaking In future we will break down the findings and examine Individual cities and regions We also plan to correlate the various categories so we can determine such things as the type of housing young people arc buying the age of first time buyers and how much people art spending for different types of housing We si first tl 1986 Consumers CANADA Vendors SS Household Size ft ft Real Estalo Consumers CANADA Purchasers I Household Size ft ft Sou Royal Heal SerwCQi Real Estate Consumers CANADA Vendors Age Group lift Royal Servical Real Estate Consumers CANADA Purchasers Age Group Sir Paying for your home you looking far hone of your dreams think about thai down payment Most lenders will ask lor a mini mum down payment of of the purchase of the home you hare You must also consider the financing you will be able to obtain which will depend on the monthly payment you can carry Interest rates will be a major factor deter mining monthly yourself short you may try to find another lessotpen- way of financing you lower your expectations or postpone your purchase far a year or two There wil be other expenses as well These include legal fees regis- appraisal fees moving expenses possibly or and so forth Add these cost total of the down payment and ho figure wffl repre sent what you should the conuiuUnent tobuy a house SAME DAY TAX RETURNS FOUR BEDROOM BRICK BUNGALOW New windows brick fireplace extra Insulation new carpet new pool 2 yrs 1 8x36 wheater sauna deck interlock with builtin central vacuum new kitchen wsunshine ceiling basement fully insulated windows fenced yard D Nag look at this fast LOOKING FOB A GREAT GETAWAY 50 acres hardwood bush Stream on the property less than mile from Bear Lake Dream location for a cottage down then to hold the mortgage Price 10000 HOUSES NEEDED Thinking Of A Move Call Me First