Yet a surprising majority of Canadians are holding off, waiting for even better timing before they make their move.
A new Royal LePage report reveals that while 13% of Canadians plan to buy their first home within the next two years, a staggering 82% say they’ll wait at least another year.
Why Buyers Are Hesitating
Royal LePage CEO Phil Soper points out that while conditions look promising, uncertainty is keeping many on the sidelines:
- Economic headwinds — Ongoing trade tensions with the U.S. are making buyers cautious.
- Falling rates — With more potential cuts expected from the Bank of Canada, many would-be buyers prefer to wait for cheaper borrowing costs.
- Market timing — Some are betting on securing a better deal as prices edge lower.
“Buying a home is the biggest financial decision most people will ever make,” Soper explains. “First-time buyers naturally want as much certainty as possible.”
First-Time Buyer Trends in 2025
Among those preparing to enter the market:
- 51% are researching affordable neighbourhoods
- 49% are browsing online listings
- 19% are viewing homes in person
- 19% have already engaged a realtor
Despite affordability challenges, the dream of a detached home still dominates. Nearly half (49%) of first-time buyers aspire to purchase a house, while just 26% are aiming for a condo or apartment.
Budgets and Family Support
- 55% of first-time buyers are budgeting between $500,000–$750,000
- 19% are working with $300,000–$500,000
- 41% will rely on family or friends for financial support
Of those relying on help:
- 29% expect a lump-sum gift
- 28% will have a co-signer
- 27% will borrow from family with repayment
- 26% expect monthly mortgage assistance
What This Means for Buyers and Investors
The data paints a clear picture: affordability is improving, but confidence hasn’t fully returned. Many first-time buyers are saving, planning, and waiting for the perfect entry point — one that could arrive if interest rates fall further.
For investors and existing homeowners, this “waiting game” means slower sales velocity but greater leverage for those ready to act now.
At Lendworth Canada, we help first-time buyers, homeowners, and investors navigate shifting market cycles with tailored mortgages, refinancing options, and private lending solutions designed for today’s dynamic real estate landscape.
✅ Bottom Line: Canada’s housing market is finally tilting toward buyers — but patience still rules the day. For those ready to move now, opportunity is on the table.
📍 Visit us at 10-8750 Jane Street, Vaughan, ON L4K 2M9
📞 Call: (905) 761-9900
📧 Email: info@lendworth.ca