Vancouver's Long Down Payment
This is a Vancouver news story, published by vancouversun, that relates primarily to The Lower Mainland news.
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Canadian Mortgagevancouversun
•Vancouver homebuyers face longest time in Canada to save for down payment: Report
75% Informative
The average first -time homebuyer in Vancouver needs 13 1/2 years to save enough for a 10 per cent down payment.
That’s the longest home deposit savings time of any major Canadian city.
Toronto was a close second , at 13 years and two months .
The Lower Mainland didn't fare much better with the third longest savings time.
VR Score
82
Informative language
83
Neutral language
45
Article tone
semi-formal
Language
English
Language complexity
45
Offensive language
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Hate speech
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Attention-grabbing headline
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Time-value
short-lived
External references
14
Source diversity
10