2017 Genworth Financial – First-time Home Ownership...

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©2017 Genworth MI Canada Inc. All rights reserved. David MacDonald May 8, 2017 2017 Genworth Financial – First-time Home Ownership Study NOTICE: This document contains confidential, non-public company information. Further distribution of this document is strictly prohibited.

Transcript of 2017 Genworth Financial – First-time Home Ownership...

©2017 Genworth MI Canada Inc. All rights reserved.

David MacDonald

May 8, 2017

2017 Genworth Financial – First-time Home Ownership Study

NOTICE: This document contains confidential, non-public company information. Further distribution of this document is strictly prohibited.

G E N W O R T H C A N A D A H O M E O W N E R S H I P E D U C A T I O N W E E K 2 0 1 7

Methodology

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Findings

NOTICE: This document contains confidential, non-public company information. Further distribution of this document is strictly prohibited.

G E N W O R T H C A N A D A H O M E O W N E R S H I P E D U C A T I O N W E E K 2 0 1 7

Perspective on Home

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Q16. Do you see your home as…?

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Motivation for Buying Home

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Perspective on Home

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G E N W O R T H C A N A D A H O M E O W N E R S H I P E D U C A T I O N W E E K 2 0 1 7

Transaction Values

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Transaction Values 2017

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Sources for Obtaining Down Payment

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Intention if Needed Larger Down Payment

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G E N W O R T H C A N A D A H O M E O W N E R S H I P E D U C A T I O N W E E K 2 0 1 7

Mortgage Approval Timeline

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G E N W O R T H C A N A D A H O M E O W N E R S H I P E D U C A T I O N W E E K 2 0 1 7

Savings

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G E N W O R T H C A N A D A H O M E O W N E R S H I P E D U C A T I O N W E E K 2 0 1 7

Credit Cards

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G E N W O R T H C A N A D A H O M E O W N E R S H I P E D U C A T I O N W E E K 2 0 1 7

Actions Taken in Past Year to Pay Off Mortgage Faster

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Plans in the Next Year to Pay Off Mortgage Faster

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G E N W O R T H C A N A D A H O M E O W N E R S H I P E D U C A T I O N W E E K 2 0 1 7

Impact on Ability to Afford

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G E N W O R T H C A N A D A H O M E O W N E R S H I P E D U C A T I O N W E E K 2 0 1 7

Impact on Ability to Afford

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G E N W O R T H C A N A D A H O M E O W N E R S H I P E D U C A T I O N W E E K 2 0 1 7

Actions if Did Not Qualify

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G E N W O R T H C A N A D A H O M E O W N E R S H I P E D U C A T I O N W E E K 2 0 1 7

Support for New Mortgage Rules

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G E N W O R T H C A N A D A H O M E O W N E R S H I P E D U C A T I O N W E E K 2 0 1 7

Conclusions

NOTICE: This document contains confidential, non-public company information. Further distribution of this document is strictly prohibited.

G E N W O R T H C A N A D A H O M E O W N E R S H I P E D U C A T I O N W E E K 2 0 1 7

Conclusions

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G E N W O R T H C A N A D A H O M E O W N E R S H I P E D U C A T I O N W E E K 2 0 1 7

Conclusions

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Appendix

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Appendix

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Appendix

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G E N W O R T H C A N A D A H O M E O W N E R S H I P E D U C A T I O N W E E K 2 0 1 7

Appendix

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G E N W O R T H C A N A D A H O M E O W N E R S H I P E D U C A T I O N W E E K 2 0 1 7

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Thank You

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