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Canada's real estate market is primed for buyers - but first-timers are moving at their own pace
Canada's real estate market is primed for buyers - but first-timers are moving at their own pace ...
About this update from Bridgemarq Real Estate Services, Inc.
[{"type":"text","content":"\n\n\n\n Canada's real estate market is primed for buyers - but first-timers are moving at their own pace\n \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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n Highlights:\n \n\n\n\n 13% of Canadian adults are working towards their first residential property purchase within the next two years; a majority of them plan to buy in the next 12 to 24 months.\n \n\n More than half (53%) of first-time buyers plan to put at least 20% down on their purchase; while 39% will not and will therefore need to buy mortgage insurance.\n \n\n 41% of first-time buyers say they will receive financial assistance from family or friends, while 51% will not.\n \n\n Single-family detached properties remain the most popular housing type among first-time buyers.\n \n\n Finding a home that is move-in ready is the most important non-price related factor for first-time buyers, according to Royal LePage\n \n ®\n \n professionals across the country.\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n Sept. 25, 2025\n \n\n /CNW/ - Declining interest rates, higher inventory levels and softening home prices in major cities are opening new doors for first-time buyers in 2025. Still, despite more favourable market conditions, many are choosing to delay their purchase plans, intending to hold off for at least another year.\n \n\n According to a recent Royal LePage survey, conducted by Burson,\n \n\n 1\n \n\n 13 per cent of Canadian adults say they are actively working towards the purchase of their first residential property within the next two years. Of this group, a small proportion say they are working towards their first purchase within the next 12 months, while the majority (82%) say they are planning to make a purchase in 12 to 24 months.\n \n\n When asked what stage of the purchasing process they ...