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Source Genworth Canada 2015 New Insurance Written purchase business only. Canadas average rst-time homebuyer is a millennial born between 1980 and 1995. In 2015 the typical Genworth Canada-insured borrower spent an average of 321982 and made a down payment of just over 8 of the purchase price. These mainly rst-time buyers earned an average household income of 96414 and the vast majority 72.2 purchased a detached house. Thats a composite of todays rst-time homebuyer. It paints a picture but it leaves out a lot of detail about the dreams ambitions and hard work that go into the typical Canadians path to homeownership. TODAYS FIRST-TIME HOMEBUYING EXPERIENCE coast - to - coast snapshots 4 GENWORTH CANADA SPRINGSUMMER 2016