What does Canada's average home buyer look like?

According to a recently released survey, the average Canadian home buyer is 29, aiming to buy a $300,000 home with a $48,000 down payment. However, depending on the province, the figures are a little different. Here's a look at some of the findings.

• Prospective borrowers in Atlantic Canada expect to spend the least, at an average of $202,000, Quebec and Ontario came next with $224,000 and $326,000 averages, respectively.
• Vancouver and Toronto were unsurprisingly the most expensive on average. Buyers in Vancouver expect to spend $443,000, and those in the GTA expect a first home to run about $347,000.
• 46% of those surveyed will opt for a fixed rate mortgage, while 20% will choose a variable rate.
• The average home owner plans to have their mortgage paid off in 20 years, but 20% hope to be mortgage-free sooner.