Home ownership matters!
For individuals, studies have shown that home ownership has a significant positive impact on net worth! The Canada Mortgage and Housing Corporation reports that the average Canadian homeowner has a net worth of $377,000 versus a renter whose average net worth is $64,000.
For communities, it is imortant too! An Ipsos- Reid survey showed that 82% of homeowners reported donating to charity; home owners are much more likely to say they voted in the last municipal election than renters and 35% have volunteered in their community.
Jack McCrudden, the president of the Oakville, Milton and District Real Estate Board also points out that the provincial housing industry creates thousands of jobs and drives our economy. Last year, MLS home sales generated $9.3 billion in consumer spending and created over 80,000 direct and indirect jobs. According to McCrudden, every home purchase in Ontario pumps $47,575 in to the provincial economy for furniture, home improvements and other items!
With all the benefits to individuals, the community and the economy, let's make home ownership and its affordability an issue in this upcoming provincial election!!!!
For any real estate assistance in the Oakville, Burlington, Milton area contact Mary at email@example.com