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South Asians in Canada are far more inclined to buy a home than others, according to a large-scale consumer research report.
The two million people who make up Canada’s South Asian population, which mostly consists of immigrants and is concentrated in Toronto and Vancouver, also have far more high-level educational degrees, according to the recent survey of almost 3,500 South Asian adults.
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“Home ownership is very important to South Asians. They’re four times more likely to buy a home than the average Canadian, because they’re told by their parents that renting is just throwing away your money,” said Rahul Sethi, a director with Vivintel, which conducted the poll.
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