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Vancouver homebuyers face longest time in Canada to save for down payment: Report

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Summary
Nutrition label

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

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

14

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