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Scotiabank Poll: Trusted Advice Tops List of Needs for First-Time Homebuyers
Scotiabank Poll: Trusted Advice Tops List of Needs for First-Time Homebuyers Canada NewsW...
About this update from Bank Of Nova Scotia
[{"type":"text","content":"Scotiabank Poll: Trusted Advice Tops List of Needs for First-Time Homebuyers\n\n\nScotiabank Poll: Trusted Advice Tops List of Needs for First-Time Homebuyers\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\nPoll reveals growing demand for guidance amid affordability concerns and market uncertainty \nTORONTO, Dec. 4, 2025 /CNW/ - First-time homebuyers are seeking trusted advice as they navigate affordability challenges and uncertainty, according to the latest Scotiabank Housing Poll, which focused on the experience and attitudes of Canadians surrounding homeownership. With 95% of first-time buyers saying reliable advice would make them feel more confident, the need for tailored, reliable mortgage expertise is more important than ever. \n\"Scotiabank's latest Housing Poll shows that nearly half of first-time homebuyers worry about making the wrong decision and place clarity and guidance at the top of their needs when taking their first step into homeownership,\" said Matthew Grey, Vice President, Real Estate Secured Lending at Scotiabank. \"That is why we work alongside our clients, offering tailored advice and step-by-step support to simplify the process and help Canadians feel confident about one of life's biggest financial decisions.\" \nFirst-Time Homebuyers Face Unique Challenges \nFor Canadians entering the housing market, homeownership signifies independence, stability, and a sense of control and belonging. The latest poll by Scotiabank shows that first-time buyers face important hurdles: affordability tops the list of concerns (56%), followed by uncertainty about the future (47%) and fear of making the wrong decision (43%).  \nJob stability also weighs heavily, influencing mortgage decisions for 43% of first-time buyers versus 28% of Canadians overall. The poll also shows that Canadians' homeownership plans are being impacted by current economic uncertainty. More than half of first-time buyers intending to purchase in the next five years feel buying a home is currently out of reach (5...