Many plan to wait 12–24 months before stepping into the market
Canada’s housing market is shifting in favour of buyers. Softer prices, more listings, and easing borrowing costs have improved affordability. Yet most first-time buyers aren’t rushing in. They’re watching, saving, and waiting for the right moment.
According to a recent national survey, 13% of Canadians say they’re preparing to buy their first home within two years. Only a minority expect to purchase in the next 12 months, while the majority (82%) are targeting a 12–24 month horizon.
How they’re preparing
51% are researching neighbourhoods they can afford.
49% are browsing listings online.
19% are touring homes in person.
19% have already connected with a real estate agent.
The data suggest many are still in research mode, positioning themselves for a purchase rather than actively competing today.
Why wait?
Falling interest rates and stable prices are encouraging, but uncertainty—economic headlines, job stability, and the possibility of further rate cuts—has made buyers more deliberate. Many are choosing to build savings and enter the market when they feel conditions are more predictable.
The family factor
Financial help remains a dividing line. Roughly 41% of first-time buyers expect assistance from parents or relatives, while 51% will not.
29% will receive lump-sum gifts.
27% expect family loans.
28% will have a co-signer.
26% will get help with monthly payments.
Those without support often make sacrifices: delaying major life milestones, cutting expenses, or living at home longer to save. The gap between those with family help and those without underlines the ongoing affordability challenge.
What they want to buy
Despite higher costs, detached homes remain the top aspiration:
49% of first-time buyers want a single-family house.
26% plan to start with a condo or apartment.
Budget realities, however, will likely push many toward smaller or more affordable options. A strong preference exists for move-in ready homes near transit and amenities—buyers don’t have the flexibility for costly renovations or long commutes.
The takeaway
First-time buyers are still interested in ownership, but most are playing the long game. With more listings and rates trending lower, 2026 could bring a wave of activity from those who are carefully positioning themselves today.
Disclaimer: The information in this article is provided for general educational purposes only and does not constitute financial, legal, or tax advice. Readers should consult qualified professionals before making decisions based on this content. View our full Disclaimers & Privacy Policy →
Many plan to wait 12–24 months before stepping into the market
Canada’s housing market is shifting in favour of buyers. Softer prices, more listings, and easing borrowing costs have improved affordability. Yet most first-time buyers aren’t rushing in. They’re watching, saving, and waiting for the right moment.
According to a recent national survey, 13% of Canadians say they’re preparing to buy their first home within two years. Only a minority expect to purchase in the next 12 months, while the majority (82%) are targeting a 12–24 month horizon.
How they’re preparing
The data suggest many are still in research mode, positioning themselves for a purchase rather than actively competing today.
Why wait?
Falling interest rates and stable prices are encouraging, but uncertainty—economic headlines, job stability, and the possibility of further rate cuts—has made buyers more deliberate. Many are choosing to build savings and enter the market when they feel conditions are more predictable.
The family factor
Financial help remains a dividing line. Roughly 41% of first-time buyers expect assistance from parents or relatives, while 51% will not.
Those without support often make sacrifices: delaying major life milestones, cutting expenses, or living at home longer to save. The gap between those with family help and those without underlines the ongoing affordability challenge.
What they want to buy
Despite higher costs, detached homes remain the top aspiration:
Budget realities, however, will likely push many toward smaller or more affordable options. A strong preference exists for move-in ready homes near transit and amenities—buyers don’t have the flexibility for costly renovations or long commutes.
The takeaway
First-time buyers are still interested in ownership, but most are playing the long game. With more listings and rates trending lower, 2026 could bring a wave of activity from those who are carefully positioning themselves today.
Disclaimer: The information in this article is provided for general educational purposes only and does not constitute financial, legal, or tax advice. Readers should consult qualified professionals before making decisions based on this content. View our full Disclaimers & Privacy Policy →
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