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-58% prefer a three-bedroom home but 27% said they would settle for a two- -30% expect to make a downpayment of between $20,000 and $50,000, while 28% expect to put down $l0,000 to $20,000. -73% of prospective first-tinte buyers currently rent and 42% expect to buy in the next six months. $39,000, while 19% cam under $30,000 and 17% earn between $40,000 and $49,000. -price is the most important criteria to the ftrst-time buyer. -63% of those surveyed were between 25 and 34 years old. -28% earn between $30,000 and semi-detached home. l0% preferred a freehold townhouse and 9% said they would buy a condominium townhome or condominium apartment. The majority of first-tinte buyers also expect to purchase a home between I,000 and 1,499 square feet in size. "This study shows first-tinte buyers today have done their homework, under- stand their position in the marketplace and are realistic about their housing needs." said Kent Wengler. Vice- President, Brethour Research. Other survey findings include: 42% said they were looking for a sin- gle detached home, while 7% preferred a The survey was pan of the GTHBA's third annual first-time buyer seminar attended by more than 1,100 prospective homebuyers March 23 at Seneca College's Minkler Auditorium. The semi- nar was sponsored in part by The Toronto Star, Canada Mortgage and Housing Corporation and Consumers Gas. "Federal government incentive pro- grams are working. What we need now is for the province to act on our call for a short-term program that would create jobs and provide young people with a much-needed boost to help them achieve their goal of owning their own home," said GTHBA President Murray Koebel. The survey results show those ques- tioned have reasonable expectations of what they want in their first home. Most expect to pay between “30,000 and '150,000 for a first home. The survey also showed existing fed- eral government incentive programs con- tinue to be an attractive option for first- time buyers hoping to enter the housing market in the next six months. A majority - 55R of those surveyed - said they would be taking advantage of the federal government's 5% downpay- ment program when purchasing a new home. The proposal could create an estimat- ed 25,000 person-years of employment' in the residential construction industry if implemented. During the past year the GTHBA has repeatedly tried to convince the provin- cial government that a tax rebate of 3% of the price of a new home up to a maxi- mum of $7.500 would serve as an effec- tive job-creation program. A total of 72% of respondents to the survey, prepared and analyzed by Brethour Research Associates, said a rebate of the provincial sales tax to buy- ers of new homes would help them achieve their homeownership goals soon- er. In fact, 88% of those who said yes indicated that they would be able to com- plete that transaction within one year. A majority of prospective first-time buyers surveyed at a recent Greater Toronto Home Builders' Association (GTHBA) seminar said they would be able to purchase a new home sooner if given a break on the provincial sales tax. We need a tax break: first time buyers bedroom home. 53% expect a single c garage in their first home. --First-time buyers are beginning to accept the idea their home will grow over time as their household matures. 38% This uetdisaneruAattrueearfrlititgisailatourasaner VdlagrPtminMilton, 'rtimueshomMississaugsytuorusttpart. Hervou%wmiatetkeremarkuleamtGtiente a/m) Toronto My. plat theadvantageopueyearmurid naturalmreational amenities set within median: o/Doumtoum Milton. Pillage Parr o]m:0 exceptional security . luxury kitchens and bath . bay window: with panoramic view: . bmadloom throughout . ttatt/tt with car wash bay . overnight guest suite . private park-like gardens and more. THE VILLAGE MR CLUB 'tet+itrttraiuarmoniilltat"tdtheyurrcstartasrat . indoor pool db'exerrise no. . whirlpool Gummy . party mom with kitchen Milton Small Town Charm Big City Convenience NC REAL ESTATE NC. 309 MILICROFT 41 I) AROWHON 402 DEERHURST 605 BENMllliR I 506 SHERWOOD $505 SKYSUIT E - -- . --- - DIRECTIONS: from Hwy. 401. exit at Milton on It 1600 $165,000 my. 25 south (Martin St.) about t km. Turn left on Millside Drive. Or Hwy 25 Weston Main st. North on Millside Dr. 'tEALTWt,BRtMERSPttoTECTED "'t"-tnrt_etertttttittrrtrrteo-tm-etrra-attre_ A0h-tt"e.etheaittmautrteettoettaretut-ts-sas-tm. I225 I150 H35 1100 1225 1600 ar -About half the respondents said they would like gas fireplaces, range and dry- said they would consider buying a home with rooms that could be finished as space requirements increase. $8l,000 $84,000 $78,000 $81,000 $80,000 $165,000 (1mm FRIDMS 8750030 HILTON 360-6441 TORONTO FROM $ HOURS: 160NI1hYT0 THURSDAYIIAH T0 7 PM SATURDAY& SUNDAYIZPIHO 6PM l 15,900 ers to be offered through their builder. * Each new home built creates 2.5 person-years of employment, i.e., the equivalent of 2 1/2 full-time jobs for one year. '_):,',:,",":.';,")']",;;;)"-'";";' fo